Free Money... (Well Stock)... No Honestly

I'm always looking for a way to save or make a little money (so long as it is legit and not the slightest bit shady). How does $50 sound... Like there is a catch right? Not exactly, but let me explain. Sharebuilder (a website that lets you buy as little as $1 worth of a share of stock), has a promotion running where they will give you $50 when you open an account. I did this a while back and opened up an account, purchased a couple risky penny stocks (its free money after all) and am sitting back waiting to retire on the beach 30 years from now.

How it works:

• Head over to Sharebuilder.
  
• Enter one of the codes below (all were working at the time of this post) and open up an account.
• Make a trade and 4-6 weeks after your trade is made your $50 bonus gets deposited in your Sharebuilder account.

Code: CAMPUS50
Bonus: $50
Exp: None Found
Link: Link to Open Account

Code: UFALUMNI45
Bonus: $45
Exp: None Found
Link: Link to Open Account

Code: IPLANGIFT
Bonus: $50
Exp: None Found
Link: Link to Open Account

Code: ENTERTAIN40A
Bonus: $45
Exp: None Found
Link: Link to Open Account

Code: SMFALL50
Bonus: $50
Exp: None Found
Link: Link to Open Account

Code: UWALUMNI45
Bonus: $45
Exp: None Found
Link: Link to Open Account

One other thing to consider is if you are a CostCo Member Sharebuilder has a deal where they will give you a $55 bonus if you enter your membership number when signing up. If you are an "Executive Member" you get the $55 bonus plus 25% of your Sharebuilder fees credited back to you. If you are a "Gold Star or Business Member" you can get the $55 bonus plus 10% of your transaction fees credited back to you. If you are interested and a Costco member you can find out more about the offer here.

FYI:

1. I have heard that once your $50 bonus posts you can electronically withdraw that bonus cash without fees once it hits your account, but I haven't done it myself.
   
   
2. You can open additional Sharebuilder accounts and still receive the bonus cash, but space them out by a week or two and use a different code, if you open over 3 accounts you are going to run the risk that they prevent you from opening additional accounts.
   
   
3. Sharebuilder has a pdf form that you can print off and fax to them that will allow you to combine accounts at a later time.
   
   
4. If you are thinking about cutting and running quickly after you receive your bonus be warned that to close your account and transfer all or part of the funds out of your account ShareBuilder charges fees (see the fee schedule below).
   

Links
ShareBuilder

Sharebuilder fee schedule
Fees