New investors get Investing 101 and $50.
As a new Schwab investor, you can get $50 to split across the top five stocks in the S&P 500® with the Schwab Starter Kit™. Plus, you'll get investing guides and 24/7 live support to help you take the next step.
What's a brokerage account?
It's an investment account that lets you buy and sell investments like stocks, exchange-traded funds (ETFs), bonds and mutual funds.
It's a great option if you want to invest in the stock market to work toward financial goals like retirement, college or a new home. It provides flexibility and you can save for short-term and long-term goals.
How does it work?
When you open an account, you'll partner with a brokerage firm like Schwab. You'll fund your account and choose what investments you'd like to buy or sell, and they'll handle transactions.
A simple, low-cost way to invest
With Schwab Stock Slices™, you can invest in America's leading companies in the S&P 500® for as little as $5, even if their shares cost more. And of course, you can trade stock slices commission-free online, just as you would full shares at Schwab.
Get on track with a complimentary financial plan.
Saving for retirement is one of the most important goals you can have. That's why Schwab offers a complimentary digital financial plan with every account. Find out what it'll take to retire the way you want.
See all your investments in one place.
Link your Schwab accounts to USAA and view them anytime on the USAA Mobile App or usaa.com. You can also go straight to schwab.com without having to log on again. It's simple and secure.
Brokerage account FAQ
Here's what you'll need:
- Social Security number
- Driver's license
- Employer's name and address, if you have one
- Statement information, for assets or cash you'd like to transfer
Here are few ways you can fund your account:
- Electronic funds transfer
- Wire transfer
- Check deposit by mail or in person at a local Schwab branch
- Transfer or rollover an IRA
With Schwab, there isn't a minimum deposit.
Ready to invest? Schwab can help.
Important information from USAA Investment Services Company (ISCO):
Review our relationship with you in our Relationship Summary PDF.
ISCO is not a client of Schwab. ISCO is compensated by and has an incentive to promote Schwab. However, these costs are not passed on to USAA members. Download USAA's Referral Arrangement Disclosure PDF.
Important information from Schwab:
Investors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.
The Schwab Starter Kit™ offer is only available to eligible new customers. To be eligible to receive the $50 cash bonus, you must be an individual who does not have a Charles Schwab & Co., Inc. ("Schwab") account (other than a Schwab Stock Plan Services account) and who: (1) opens a Schwab One individual taxable retail brokerage account and (2) deposits at least $50 into that account within 30 days of enrolling in the offer (only outside assets new to Schwab qualify; assets transferred from affiliates other than Schwab Retirement Plan Services are excluded).
The Schwab Starter Kit is intended to help you start investing. So with this offer, when you open your brokerage account, you will instruct Schwab to use the $50 cash bonus to place orders for you in the future to buy $10.00 fractional shares of each of the top 5 stocks by market capitalization in the S&P® 500 Index through Schwab Stock Slices™. The top 5 stocks will change from time-to-time. To see the top 5 stocks at any time, go to www.schwab.com/starterkitOpens in a New Window. Neither Schwab nor any Schwab employee is determining whether investing in these 5 stocks is appropriate for you and your situation. You should consider your own circumstances and needs prior to deciding to enroll in the offer and investing in these 5 stocks with the $50 cash bonus.
Learn more about USAA Investment Services Company Opens in a New Window or Charles Schwab Opens in a New Window on FINRA's BrokerCheck website.