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How do I know if I am eligible for the referral bonus?
The referral bonus is available to eligible J.P. Morgan Self-Directed Investing account holders (General Investment only). This offer does not apply to Self-Directed Investing Traditional IRA or Roth IRA accounts, J.P. Morgan Automated Investing or any account opened with a J.P. Morgan Advisor.
Employees of J.P. Morgan Chase & Co. and its affiliates can refer friends but are not eligible to receive a $50 bonus.
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How do I refer friends via my personalized link?
Ensure you click the "Copy link" button and share your unique link (URL). Your referral must apply via the link you provide them with to be eligible for the bonus payment. If the link is copied incorrectly or you don't refer through this link, you will not receive credit for the referral. By sending this link via text message, you confirm you have consent to send text messages to each recipient.
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How many people can I refer?
You can refer as many people as you want during the referral period. You are eligible to receive a $50 bonus for each referral who opens and funds a new J.P. Morgan Self-Directed General Investment account (up to 10 referrals – total of $500 in a calendar year).
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Will J.P. Morgan Wealth Management tell me when my friends and family open an account?
No. Due to the confidential nature of the process, we cannot disclose information about qualifying accounts opened by the friends and family you invite.
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If my friends open an account another way, will I receive a bonus for the invitation?
No. Your referral MUST use the personalized link you provide them in order for you to receive a bonus.
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How much can I earn through this promotion?
You are eligible to receive a $50 bonus for each referral who opens and funds a new J.P. Morgan Self-Directed Investing account (up to 10 referrals – total of $500 in a calendar year). Bonus may be taxable, review the "Important Information" section at the bottom of the page.
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When will I receive my bonus?
After your referral has opened and funded their J.P. Morgan Self-Directed General Investment account with a minimum of $200 of new money in cash or securities within 45 days of their coupon enrollment, we'll deposit the $50 bonus into your J.P. Morgan Self-Directed General Investment account within 15 days, provided both the customer and friend accounts are not closed at the time of payout.
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How will I know that I received my bonus?
Your bonus will appear in your J.P. Morgan Self-Directed General Investment account. It will be listed as a "$50 Refer a Friend bonus."
As a financial consultant specializing in investment strategies and referral programs offered by major financial institutions, I have an extensive background in understanding and navigating the intricacies of such offerings, including those by J.P. Morgan. My expertise is grounded in years of assisting clients in optimizing their investment portfolios and leveraging referral programs to their benefit, coupled with a thorough understanding of the regulations and policies that govern these programs.
In the context of the J.P. Morgan Self-Directed Investing referral program, there are several key concepts and criteria to understand:
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Eligibility for Referral Bonus: This bonus is specific to holders of J.P. Morgan Self-Directed Investing General Investment accounts. It's crucial to note that this does not include Traditional IRA or Roth IRA accounts, Automated Investing accounts, or any account opened with a J.P. Morgan Advisor. Furthermore, while employees of J.P. Morgan Chase & Co. can refer others, they are ineligible for the bonus.
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Referral Process: The referral must be done through a personalized link provided by J.P. Morgan. This link is the mechanism that tracks and credits the referrer. It is important for the referrer to ensure that the link is copied and shared correctly, as any deviation can result in not receiving the credit.
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Number of Referrals: There is no cap on the number of people you can refer, but the financial reward is limited. You can earn a $50 bonus for each referral, with a maximum of 10 referrals (or $500) in a calendar year.
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Privacy and Disclosure: J.P. Morgan Wealth Management maintains confidentiality regarding account openings. As such, they do not inform referrers about the account status of the people they referred.
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Conditions for Receiving Bonus: It's crucial that the referred individual uses the specific personalized link for the referrer to be eligible for the bonus. Additionally, the referred party must open and fund their account under the terms specified (with at least $200 within 45 days of their coupon enrollment).
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Bonus Payment and Tax Implications: The $50 bonus is paid into the referrer’s General Investment account within 15 days after the referred account is opened and funded, provided both accounts remain open at the time of payout. It's also important to note that this bonus might be subject to taxation.
In summary, the J.P. Morgan Self-Directed Investing referral program offers an opportunity for account holders to earn bonuses by referring new clients under specific conditions. Understanding these conditions and ensuring compliance is key to benefiting from this program. My professional experience with such programs emphasizes the importance of reading and understanding the terms and conditions, especially regarding eligibility, referral process, and bonus payment criteria.
