$50 ShareBuilder Promotion Code
It seems that ShareBuilder.com is pushing for some holiday sales. Today, I got another email from ShareBuilder with a $50 bonus offer to open a new account with them. Since the offer is delivered via the email address I registered with them, I assume that they still allow me to have mutiple accounts, though some people said recently that they had trouble using the promo code if they already have several accounts with ShareBuilder.
The promotion code wasn’t included in the message, so I had to click the link and went to their website to retrieve the code after I started the account application. Anyway, the new $50 promo code is GIFTSTOCK06 and it’s valid till January 15th, 2007. To open a new account, follow this link.
Update: The above promo code has expired. Use the new promo code 25W010 to open a ShareBuilder account and get $25 bonus. Terms and conditions for the new promotion are:
You must open a new account with ShareBuilder and deposit $25 or more to be eligible for this promotion. Initial deposit must be completed by 12/31/2010. ShareBuilder will deposit a $25 bonus approximately 4-6 weeks after your first $25 deposit. The $25 bonus offer is available for Individual, Joint and Custodial accounts only. Offer not valid for IRAs or ESAs. The $25 bonus from ShareBuilder is not available for withdrawal for 90 days after it is awarded to your account. This offer is not valid with any other offers and is non-transferrable. Limit one ShareBuilder account bonus per unique customer or custodial beneficiary. ShareBuilder reserves the right to terminate this offer at any time and to refuse or recover any promotion award if ShareBuilder determines that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any terms or ShareBuilder’s Account Agreement has been violated. Offer expires 12/31/2010.
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Thanks for the code! I just signed up myself and 4 kids for an extra $50. I figure this is a good way to build up their college fund for free.
Dogberry: I am glad that you can use the code. Since there are some people saying Sharebuilder may not let you have mutiple accounts, I am not sure if you had this problem. Please let me know if you have problem getting the bonus.
No problem at all. I have 2 accounts already under my name, and 2 custodial accounts for each of 4 kids under my name. This made the 3rd account for each of us.
And my wife has done the same – so the kids actually now have 6 accounts!
They are all tied together – so I am not trying to pull a fast one on Sharebuilder – their system allows it. If they did not want you to be able to do this it seems like all they would have to do is not allow promo codes if your account is linked to the first account.
Thanks again!
Dogberry
Money & Investing Dogberry Patch
You do know that you have to report to the IRS about your capital gain/loss in your sharebuilder account. Opening too many accounts could be a hassle to calculate your earnings in sharebuilder.
Nina: I agree with you that too many accounts will become a burden to manage (I have three Sharebuilder accounts myself). However, the free money is just hard to resist. Actually, you don’t really have to use the account. You can simply put $5, the minimum to get the bonus, and make only one trade to get the free money and close it later on. But I heard some rumor that one can’t have too many Sharebuilder accounts. They seem to put a limit on it.