J.P. Morgan Self-Directed Investing Promotion: Up to $400 Cash Bonus

Do you have an existing J.P. Morgan Self-Directed Investing account?

Do you want to get up to $400? You’re in luck!

All you have to do is enroll in a new promotion and you could be the brand new owner of up to four hundred dollars.

Table of Contents
  1. J.P. Morgan Self-Directed Investing Account – up to $400
  2. Eligibility Restrictions
  3. How Does This Bonus Compare?

J.P. Morgan Self-Directed Investing Account – up to $400

This bonus is super simple, just enroll in the bonus offer and the coupon code will be automatically applied.

Then, transfer cash or securities from an external account to your J.P. Morgan Self-Direct Investing account that’s been open for at least a year within 45 days.

Keep the cash or assets in the account for 90 days and you’ll get the bonus within 15 days.

The amount of your bonus is based on the amount of assets you transfer in:

  • Transfer $25,000 to $99,999 – get $100
  • Transfer $100,000 to $249,999 – get $200
  • Transfer $250,000 or more – get $400

Eligibility Restrictions

You must be an existing J.P. Morgan Self-Directed Investing account holder because your account has to be open for at least a year within the next 45 days.

Also, you can only participate in one Chase Private Client, Chase Sapphire Checking or J.P. Morgan Self-Directed Investing bonus offer in a 12-month period. The 12-month period is based on the last bonus enrollment date.

Otherwise, the funds have to come from another institution.

How Does This Bonus Compare?

This one is a little different than your typical brokerage bonus because it requires you to have an existing account rather than opening a new one. Most brokerages give you cash to open an account, this is one of the few bonuses that is meant to entice existing customers to consolidate their accounts into one place.

If you have an existing J.P. Morgan Self-Directed Investing account and are happy with it, this bonus might be a nice little incentive to get you to consolidate your assets elsewhere.

As far as brokerage bonuses go, it’s not that great of a bonus. The best comparison is Ally Invest which offers a bonus based on how much you transfer in within 60 days of opening your account:

Deposit or Transfer
Your Bonus
$10,000 – $24,999$100
$25,000 – $99,999$250
$100,000 – $249,999$300
$250,000 – $499,999$600
$500,000 – $999,999$1,200
$1,000,000 – $1,999,999$2,000
$2,000,000 or more$3,000

This is on top of an ACAT fee reimbursement (the fee you pay when you transfer assets from one brokerage to another, without selling them and triggering capital gains tax) of up to $150.

As you can see, if you transfer over $250,000 in assets to Ally Invest then you get $600. J.P. Morgan will give you just $400. Plus you’d be on the hook for ACAT fees, which can be pricey depending on the originating brokerage firm.

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About Jim Wang

Jim Wang is a thirty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

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