• You must not already have a Schwab account (other than Stock Plan Services).
• Individual taxable brokerage accounts only. No joint, IRA, trust, custodial or advisor-managed accounts.
• Deposit at least $50 of outside money (new to Schwab) within 30 days of enrolling.
• Schwab credits the $50 about 6 PM ET the next trading day after your deposit is received, then queues $10 orders for each of the top 5 S&P 500 stocks.
• You get an email the night before. You can cancel the orders from about 8 PM ET until about 9:25 AM ET the next trading day. If you cancel, you keep the $50 cash.
• One per account and one account per client. Can't combine with other offers. U.S. residents only.
• The bonus is reported on Form 1099-INT.
• Fractional shares can't be transferred in-kind to another broker.

No lock-up period is stated in the terms. You must keep at least $50 in the account when the orders are placed.

Why we say DEAL: Deposit $50, get $50. No lock-up in the terms, and if you cancel the auto-orders within the window you keep the $50 as cash.