Hot Brokerage Promos

Since the market has turned around a bit many of the online brokerage sites are offering promos to get you to open an account. Now is not a bad time to start investing since the market is still of its highs from last year but seems to be rebounding a bit. Sure we still may be in for a rocky ride, but if you are investing in the long term, now is the perfect time to get going. If you have some extra money to invest I suggest you look at one of these promos prior to signing up with anyone.

Here are a few of the current ones going on:

• Tradeking Promo – Get up to $150 in transfer fees credited to your account when you transfer your account from another brokerage to Tradeking (see post for more details)
• ETrade IRA Promo – Open an ETrade IRA and get 100 free trades. (See post for more details)
• Zecco Promo – Zecco brokerage gives you Get 10 free stock trades every month if you $25,000 balance or make 25 paid trades each month. Otherwise the commission is only $4.50 / trade which is one of the lowest out there. (See more details here
• OptionsXpress Promo – OptionsXpress is giving away $100 when you open a new account with them. (See post for more details)
• Firstrade Promo – Firstrade is giving away 5 free trade when you open a new account. (See post for more details)

PNC $125 Bonus For New Checking Account

PNC Bank has a new checking account promo running where you can get a $100 bonus when you open a new checking account. You can then get another $25 bonus when signing up for online banking. This would bring it up to a total of $125 in bonuses for opening the account.

To qualify you need to open a new account using their online application by 7/24/2010. You then need to set up a direct deposit of at least $400 as well as make 10 debit card purchases to qualify for the $100 bonus. To get the $25 bonus you must make 5 online bill payments using the online banking. Both of these need to be completed within 60 days of the account opening to qualify.

The PNC Free checking account qualifies as a checking account that can be opened to get this bonus. The PNC Free Checking account has no monthly maintenance fees or minimum balance requirements. A unique feature of this account is that if you maintain a $2000 average monthly balance, they will reimburse you any foreign ATM fees. Most free checking accounts don’t offer a feature like this. You also receive fee online banking and bill pay

This bonus is only avaialbe to new customers, you cannot be a recently converted National City customer as well. The $125 in bonus will be deposited to your account within 60 days of the above conditions being met. They do spell out what is considered as a direct deposit. Here is the text from the offer:

A “Qualifying Direct Deposit” is defined as a recurring direct deposit of a paycheck, pension, social security or other regular monthly payment electronically deposited into a Free, Performance, Performance Select Checking account, or the Spend account for Virtual Wallet (each an “Eligible Account”) on a recurring month-to-month basis. The amount of each recurring Direct Deposit must be at least $400. The recurring Direct Deposits must be made by an employer or an outside agency

See the PNC Promo Page for more details

Perkstreet Financial Checking Earn Up To 5% Cashback

In a time when banks and credit cards are lowering rewards and interest rates, Perkstreet Financial has made some exciting changes to their Free Checking Account.

They already had a great deal where if your balance is $5000+, you receive 2% cash back on all non-PIN debit card purchases and 1% cash back if your balance is below $5000+. Well now they are also giving 5% back on those same non-PIN debit card purchases in certain categories that rotate each month. They will post that information to their Blog as it changes.  Here are the current 5% cashback categories for July:

• Buy gas by paying at the pump at any gas station in the country.
• Shop at Lowes®, Home Depot® and Menard’s®.
• Ben & Jerry’s ®, Dairy Queen®, Culver’s® and Cold Stone Creamery®.

Reading through that Blog it also looks like they post 5% cashback daily deals, for example they had one where you could get 5% on all Apple store purchases between 6/24 and 6/27. Talk about getting 5% back on an iPhone purchase, that would have been awesome!~~

(Note that during the first 3 months after opening your account you get 2% back on all non-PIN debit card purchases regardless of your account balance, then after those 3 months it will change do 1% if your balance is under $5000+)

The Free Checking Account does not pay interest and has replaced that by the amount of perks that you can rack up using the free debit card. There is no minimum balance required for the account, however you do need to have activity on the account each month to avoid a $4.50 inactivity charge. You can accomplish this by using your debit card, using their bill pay or have an electronic deposit or withdrawal happen at least once a month. They only require $25 when opening the account.

If you are looking to drop the large banks that only pay you zero to little interest, than you might want to take a look at this account. In terms of the cashback percentage alone PerkStreet Financial has created a very competitive checking product with their Free Checking Account

$100 Chase Freedom Promo

There is a new Chase Freedom Promotion where you can get $100 after opening a new account and spending $799 within the first three months. You will receive the bonus as a $100 cash rebate which you can then get redeemed as a check for $100. You should receive the bonus in your account roughly six to eight weeks after you have totaled $799 in purchases within the first 3 months of the account being opened. You must be a new card member to be eligible for this bonus.

In addition to the $100 Chase Freedom Bonus, this card is also a cash back rewards card. You will receive 5% cash back from purchases on rotating categories like gas, home improvement and department stores and will receive 1% back on all other purchases. And those cash back rewards never expire, unlike some other cards out there.  Here are the next 2 categories for the year that will pay you 5% back:

$100 bonus and 5% cash back makes this one of the best rewards cards out there. Another great feature is that this card has no annual fee. The APR on this card ranges from 12.99% to 22.99%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

Check out the Chase Freedom Promo page for more details.

$100 OptionsXpress Bonus

One of the more popular brokerage bonuses available out there is the current OptionsXpress promotion where you can get $100 when opening a new account.

To qualify for the bonus, all you need to do is open a new OptionsXpress accountwith a minimum of $500 and make 3 trades within 12 months of opening the account. The $100 bonus will be deposited into your account one month after those requirements are satisfied.

For those of you who are unfamiliar with OptionsXpress, they are a full service discount broker based out of Chicago. They were founded in 2000, so they have 10 years under their belt in terms of experience. They offer a flat commission rate or $14.95 per trade, but it gets cheaper the more trades you do a month.

I have had an account with these guys for a bout 5 years now. I actually learned to trade options by using their Options Education Center. They have great customer service and an easy to use trading interface. I also wrote an OptionsXpress Review last year, so take a look if you want more details on their service. If you are looking for a new broker or just deciding to start trading stocks, you should definitely take a look at their services.

PNC $100 Bonus For New Checking Account

PNC Bank has a new checking account promo running where you can get a $100 bonus when you open a new checking account.

To qualify you need to open a new account using their online application by 7/9/2010. You then need to set up a direct deposit of at least $400 as well as make 10 debit card purchases.

The PNC Free checking account qualifies as a checking account that can be opened to get this bonus. The PNC Free Checking account has no monthly maintenance fees or minimum balance requirements. A unique feature of this account is that if you maintain a $2000 average monthly balance, they will reimburse you any foreign ATM fees. Most free checking accounts don’t offer a feature like this. You also receive fee online banking and bill pay

This bonus is only avaialbe to new customers, you cannot be a recently converted National City customer as well. The $100 bonus will be deposited to your account within 60 days of the above conditions being met. They do spell out what is considered as a direct deposit. Here is the text from the offer:

A “Qualifying Direct Deposit” is defined as a recurring direct deposit of a paycheck, pension, social security or other regular monthly payment electronically deposited into a Free, Performance, Performance Select Checking account, or the Spend account for Virtual Wallet (each an “Eligible Account”) on a recurring month-to-month basis. The amount of each recurring Direct Deposit must be at least $400. The recurring Direct Deposits must be made by an employer or an outside agency

See the PNC Promo Page for more details

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