401(k) Plans and Individual Retirement Accounts
Roll over your existing 401(k) or IRA, or open a new IRA.
We'll help you get started with a cash reward of up to $1,000. Qualifying assets refers to assets not currently held with Popular Investments or Popular Bank.
IMPORTANT INFORMATION: Popular Investments Cash Rewards Offer
Popular Investments Cash Rewards Offer (the “Offer”) is valid for customers who bring new assets into Popular Investments or add qualifying assets to an existing Popular Investments account. New assets are defined as eligible securities and/or cash. The Offer is an open offer, with no restrictions of an enrollment period. Popular Investments, at its sole discretion, reserves the right to change or cancel the Offer at any time.
The Offer details, including account and asset eligibility requirements, are outlined below.
Customers are eligible to receive up to a $1,000 cash reward, under the following conditions:
1. Offer effective as of July 15, 2020. To qualify, customers must transfer existing assets to, open and/or fund an Eligible Account (as set forth below) with a minimum of $50,000 or more in cash and/or securities from a non-Popular Bank account or investment account from another institution. Qualifying new assets exclude existing deposits, funds or securities currently held by the customer at Infinex Investments or Popular Bank. Eligible assets must be maintained for at least ninety (90) calendar days from the date the customer qualifies. (Losses due to trading or market fluctuations will not be taken into consideration.)
2. Cash reward amounts will be determined by the following tiers:
For the customer to receive the total cash reward of $200, qualifying new assets ranging from $50,000 to $199,999 must be added to a new or existing (and eligible) Popular Investments account. Customer must maintain the investment balance of qualifying new assets for the above-mentioned 90-day period.
For the customer to receive the total cash reward of $600, qualifying new assets ranging from $200,000 to $499,999 must be added to a new or existing (and eligible) Popular Investments account. Customer must maintain the investment balance of qualifying new assets for the above-mentioned 90-day period.
For the customer to receive the total cash reward of $1,000, qualifying new assets of $500,000 or more must be added to a new or existing (and eligible) Popular Investments account. Customer must maintain the investment balance of at least $500,000 for the above-mentioned 90-day period.
3. On the 90th day from the date a customer qualifies, Eligible Accounts will be reviewed to determine the total qualifying deposit, and corresponding cash rewards will be issued within 10 business days of review.
4. Cash rewards will be issued in one of two ways: 1) For Popular Bank account holders, the cash reward will be credited to the Popular Bank checking or money market account (MMA) of their choosing within 10 business days of review; 2) For customers without a Popular Bank account, a physical check will be mailed to the customer’s address of record within two (2) weeks after the 90-day review. As a current Popular Bank account holder, should you opt to have the cash reward credited to a Popular Bank account, the account must be open and in good standing to receive the cash reward.
Mutual fund brokerage accounts
Individual Retirement Accounts (IRAs)
Separately Managed Accounts (SMAs)
Ineligible Accounts and Assets
Commercial or institutional accounts
Non-publicly traded funds or securities
Commodities or alternative investments*
*Alternative investments or alternative investment funds are defined as investments in or funds that invest in asset classes other than stocks, bonds and cash.
Cash rewards are considered taxable income, and Popular Investments may be required to send you an Internal Revenue Service (IRS) Form 1099-MISC (“Miscellaneous Income”), or a Form 1042-S (Foreign Person’s U.S. Source Income Subject to Withholding), if applicable. You are responsible for any tax liability associated with your cash reward. Please consult your own tax advisor if you have any questions about your personal situation.
The Offer is limited to customers who are citizens or resident clients of the United States (U.S.) with a valid U.S. taxpayer identification number.
Cash rewards are limited to one account, per customer, per year.
Multiple account balances in the name of the same beneficial owner will not be aggregated for purposes of this offer and cannot be combined with any other offer.
The Offer is from Popular Investments and should not be considered a recommendation of solicitation to invest in a particular type of security, nor should it be considered investment advice.
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. (“Infinex”). Member FINRA / SIPC. Popular Investments is a unit of Popular Bank. Infinex and Popular Bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
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