While brokerage firms giving away a sign-up bonus isn't new, you don't often hear about a $10,000 sign-up bonus. While it sounds too good to be true, it's legitimate, provided you meet the high transfer requirements.
Public will give you up to $10,000 for a limited time when you transfer your investment portfolio to it. It will also cover any fees along the way. Below, we'll explain how you could take advantage of this offer.
How Much Will I Get?
While you'll need to transfer a portfolio of $5 million or more to get the $10,000 cash bonus, Public's transfer options with cash bonuses also work well for smaller investors. Bonuses start at $150 for transfers between $5,000 and $24,999. Here's a full breakdown of bonuses based on portfolio transfer amounts:
| Portfolio Transfer Amount | Bonus |
| $5,000 and $24,999 | $150 |
| $25,000 — $99,999 | $250 |
| $100,000 — $249,999 | $600 |
| $250,000 — $499,999 | $1,000 |
| $500,000 — $999,999 | $2,000 |
| $1,000,000 — $4,999,999 | $4,000 |
| $5,000,000+ | $10,000 |
While $150 for a $24,999 transfer amounts to just a 0.6% bonus, with the transfer support, it’s still a great deal if you have been planning to transfer part of your portfolio to Public.
How To Get the Cash Bonus in Three Steps
Getting the cash bonus is simple. You'll set up an account and be walked through the transfer process. Here is what you can expect:
1. Create Your Public Account
Creating the account will only take a few minutes. Once you've opened the account, transferring funds from other major U.S.-based brokerages, including Robinhood, M1 Finance, WeBull, Charles Schwab, or almost any other U.S.-based broker, is easy.
2. Initiate The Account Transfer
Once the account is open, you don't need to sell your eligible whole-share stock positions. Instead, Public's customer support team can walk you through the transfer process.
3. Get Any Fees Covered
Public doesn't charge any fees for incoming transfers. If your brokerage charges a fee for outgoing transfers, Public will cover the fees if your account value exceeds $500.
What is Public?
Public is an investing platform with diverse investment opportunities. You can invest in stocks, crypto, or alternative assets all in one place. It stands out for the option to buy fractional shares and alt-investing assets.
Public uses real-time analytics and premium data (read: AI) to help you find the right investment opportunity and make informed portfolio decisions. It's highly rated by investors and reviewers for its impressive selection of alternative assets and easy-to-use sign-up and trading interface.
You can even earn 5.1% APY* with a high-yield cash account. Other benefits of Public include:
- Member of FINRA
- Automatic SIPC insurance
- Financial-grade security
- U.S.-based support
- Multi-asset investing
- Fundamental data
- Custom analysis
Should You Transfer to Public?
Public's offer sounds catchy, but it's a very small bonus by percentage. However, transferring a portion of your portfolio to Public can make sense if you want to invest in alternative assets. You gain portfolio diversification, excellent research tools, an intuitive user interface, and investments in a brokerage with a strong reputation.
About Alison Plaut
Alison Kimberly is a freelance content writer with a Sustainable MBA, uniquely qualified to help individuals and businesses achieve the triple bottom line of environmental, social, and financial profitability. She has been writing for various non-profit organizations for 15+ years. When not writing, you will find her promoting education and meditation in the developing world, or hiking and enjoying nature.