Here’s the link: https://account.chase.com/investing/self-directedoffer
The Self-Directed Account doesn’t charge fees or commissions when you purchase most stocks/bonds/funds online. It will charge you if you use a representative to transact for you, so you should definitely do it yourself.
They do charge a $75 fee if you ever withdraw all of the money.
But that is more than offset by the bonus you receive if you transfer a significant amount of investments in.
You can see their fees here: https://www.jpmorgan.com/content/dam/jpm/global/documents/self-directed-fee-schedule.pdf
Another benefit of transferring investments in is that you may qualify for Chase Private Client as a result, which is a concierge banking service. https://www.chase.com/personal/checking/private-client
The current offer from JP Morgan is:
$50 bonus when you transfer in $5,000-$24,999
$150 bonus when you transfer in $25,000-$99,999
$325 bonus when you transfer in $100,000-$249,999
$700 bonus when you transfer in $250,000 or more
And what’s great about the self-directed option is that you can still buy low-cost index funds from companies like Vanguard or Fidelity.
I keep most of our investments at Vanguard, but this week I transferred a significant amount over to Chase in pursuit of the bonus. Once I earn the bonus, I may transfer back to Vanguard or may keep with Chase just due to the convenience of having it linked to my online banking.
I enjoy pursuing online bonuses like this because you can make extra money without spending a lot of extra time.
