Popular Bank Review: Up To $1,000 Brokerage Bonus [CA, FL, NJ, NY] – Ended

Open and fund a Popular Investments account, or add qualifying assets to your existing Popular Investments account and earn the following amounts:

• $50,000 in qualifying assets: $200 bonus
• $200,000 in qualifying assets: $600 bonus
• $500,000 in qualifying assets: $1,000 bonus

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.

Cash Rewards
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.

Eligible Accounts
Brokerage accounts
Mutual fund brokerage accounts
Individual Retirement Accounts (IRAs)
Separately Managed Accounts (SMAs)

Ineligible Accounts and Assets
Commercial or institutional accounts
Self-directed accounts
Life insurance
Annuities
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.

Tax Information

• 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.

Additional Terms

• 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.

The monthly service fee of $12 can be avoided by maintaining $2,000 in average monthly checking balance OR a combined average monthly deposit balance of $5,000 between this product and certain other deposit products. Your average monthly checking balance is the sum of the daily account end of day balance, after all debits and credits have been processed, divided by the number of days within the statement cycle. The average monthly deposit balance is the sum of the average daily balance on all deposit accounts after all debits and credits have been processed divided by the number of days within the statement cycle.

$2 Paper Statement fee waived with enrollment in electronic statements

The monthly service fee of $10 can be avoided by maintaining $1,000 in average monthly checking balance OR by setting regular monthly direct deposit of a minimum aggregate amount of $750. Your average monthly checking balance is the sum of the daily account end of day balance, after all debits and credits have been processed, divided by the number of days within the statement cycle. The aggregate direct deposit amount of $750 includes the sum of direct deposits received at the end of the statement cycle.

$2 Paper Statement fee waived with enrollment in electronic statements