bigjim

Does anyone know if you can transfer mutual funds into the Ameritrade Account without having to cash out? For example, I have IRA funds with Fidelity mutual funds - can I transfer those mutual funds to Ameritrade as custodian in order to be eligible for this promotion?

Mighty_Bluff

Hi,

Sorry if this has been asked before....

Can I make a $25,000 deposit into Ameritrade to receive the Starwood 20,000 point bonus. Let it sit for 6 months without making a single trade, and then withdraw my $25K & 20K points and leave?

Thanks

KathyWdrf

Currently, in the fine print on www.ameritrade.com/spg, it states "Offer not valid for IRAs, trust or entity accounts...."

However, in another thread on the Ameritrade deal, it appears you CAN transfer securities from another brokerage or mutual fund company. So it's doable with non-IRA, non-trust accounts. There might be fees associated with this.

Nihilator

The T&C are pretty clear that you get the first half within 4 to 6 weeks of your initial deposit, and then the second half six months after that. I don't recall seeing *anyone's* experience with getting all of the points up front.

--Chris

asiaFT

You mean, even if the account balance is $100, you will get the remaining points at the end of 6 months.

Any success with this, anyone???

jimcoddington

No, you are going to need around a $25,000 balance at the end of the six months in order to receive the 2nd installment of the 10,000 Starpoints.

RightD

Deal couldn't be easier. 2nd 10k posted six months and a week after the initial 10k (I left the money there untouched FWIW).

- RightD

Mighty_Bluff

I just signed up and sent $25K to Ameritrade, and hope to get the first 10K points soon.
Can I sign up again for a joint account w/ my wife right now, and use the same *wood account for another 20K points?
Has anyone done this sccessfully back-to-back?

Thanks

360guy

During the past 6 months, I have opened two seperate accounts and received the points. Great deal. ^

Nihilator

I actually admitted being greedy and asked the extremely helpful Ameritrade rep if I could do this. She said sure, as long as the account types were all different (and were account types that were eligible for the promotion).

I'm opening up a joint tenancy with rights of survivorship (JTWROS) account with my fiancee for 10k points, and then getting myself an individual account for an extra 3k points. I don't really need the accounts; I just want the points. :-)

--Chris

Nihilator

I just noticed today that my first 5,000 Starpoints (for a new $10,000 Ameritrade account) posted to my account; this was surprising to me for two reasons:

First, it's only been two weeks since the $5,000 check (for half of the initial deposit) cleared the bank, marking the opening of my account.

Second, the other half of the initial deposit was a transfer from BuyAndHold, and due to a number of reasons (see below), the transfer ended up only being about $4,600. I was going to send them a check to make up the difference anyway, but apparently they're okay with the $9,600 that they've got. :-)

Why did the transfer end up being less than the value of the BuyAndHold account? (This is good info to know if you're doing a transfer.) (1) Ameritrade only accepts whole shares; the remaining fractions of shares in the BuyAndHold account were liquidated and the value was added to my cash position. And (2), either BuyAndHold did not transfer, or Ameritrade did not accept, the cash in my account. BuyAndHold sent me a check, which would have been enough to put me over $10,000 total.

--Chris

nomah8

I am considering opening an Ameritrade account to get 20k spg points (one for me and one for my wife). I was wondering if some could post some of the funds that Ameritrade offers, specifically low duration Fixed Income and low cost Index funds. I contacted them and they said the list can only be accessed through their secured site (clients-only) and the brochure they send would only list the fund families. TIA.

michaelr

From personal experience (not me, but someone I helped with that), I can tell that no, you do not have to have an SSN to open an Ameritrade account in the US. Anyone (well, Europeans anyway) can, submitting the proper forms. Does this count for SPG bonuses? I wouldn't know.

ilovewars

Got my first half of the points too. Within a week. They are great. Thanks!

ilovewars

After opening the account, I only need to keep $2000 in order to avoid the fees. Is that right? Can anyone confirm that?

Thanks