Promotions: $20 Sign-Up Offer + $10,000 Transfer Bonus

Here’s everything you need to know about promotions; how to qualify, best bonuses currently available, when the offers expire, and more! (formerly Matador) is an investing platform that allows people to invest in stocks, ETFs, crypto, NFTs, art, and collectibles all in one place. With no account minimums and no trading commissions for stocks, funds, or crypto; it’s an excellent choice for both avid and professional traders.

Public’s platform is unique because it offers a number of features for people to be better investors, like the ability to follow your favorite traders, watch live streams about the markets, and look at real-time analysis.

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, U.S. Bank, and Axos Bank.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

Current Promotions

Public currently offers two separate promotions; a sign-up bonus for new users and an account transfer bonus for new and existing users. Complete details of each offer below.

Offer 1: Public Sign-up Bonus – $20 of Stock/Fund/Crypto

Open a Public account using the referral code THEMONEYNINJA and get a free stock, fund, or crypto worth $20 once you deposit at least $1,000. Choose from investments such as Apple, Amazon, Bitcoin, Disney, Ethereum, SPDR S&P 500 ETF, Tesla, and Zoom.

How To Get Free Stock from Public:

  1. Open a Public account using this link.
  2. Tap the hamburger menu () on the top-left hand corner of the app.
  3. Scroll down and select “Rewards” from the menu.
  4. Click on “Redeem a code” at the bottom of the following screen and enter the promo code THEMONEYNINJA to continue.
  5. Select which stock, fund, or crypto to receive $20 worth of after you make a deposit of at least $1,000.

Offer 2: Public Account Transfer Bonus (up to $10,000)

Transfer your portfolio to Public and get up to a $10,000 cash bonus. Bonus is determined by the amount transferred.

Public charges no fees for incoming transfers and will cover fees your current brokerage charges if your incoming transfer is over $500 (up to $100 per transfer). This offer is available to both new and existing users.

Transfer AmountBonus
$5,000 – $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

How To Receive Transfer Bonus:

  1. Create a Public account is you haven’t done so with the code THEMONEYNINJA.
  2. Add the transfer bonus offer to your account using this link.
  3. Click on ‘Get Started‘ on the promotion’s landing page.
  4. Sign in to your Public account using the Public mobile app.
  5. Select your Profile Icon in the top-left corner of the screen.
  6. Scroll down the menu to find and select ‘Account Settings‘.
  7. Tap on ‘Transfer stocks to Public‘ to begin the transfer from any broker including Fidelity, Robinhood, and Webull.
  8. Receive a bonus based on your transfer amount no later than one month after transfer initiation date.

This process is called an ACAT and is the industry standard for securely transferring stocks – think of it as a wire transfer for stocks). All eligible ACATS received by Public during the promotion period will be aggregated for purposes of determining bonus entitlement.

For example, if you first transfer $20k and then separately transfer $80k, you’ll receive a total bonus of $600 ($150 bonus on the $20k transfer and $400 bonus on the $80k transfer for a total aggregate bonus of $600).

Transfer Bonus Terms & Conditions

  • ACAT transfers made by new and existing members are eligible for this promotion.
  • The cash bonus will be applied to qualifying accounts no later than one (1) month after the transfer initiation date.
  • Assets transferred and any associated bonus must stay in your Public account for at least 12 months, or the bonus will be revoked.
  • Public supports US-listed stocks and ETFs.
  • Public does not support the following assets: options, OTC-traded securities, mutual funds, and bonds (if you choose to transfer any unsupported assets to Public, then your positions may either be liquidated upon receipt and reflected in your account as cash or those positions will be limited to sell-only).
  • Public is not able to accept other assets via ACAT transfer (because they are not supported by the central clearinghouse). Those include: fractional shares, crypto assets, and alternative investments (if you choose to fully transfer an account with any of those assets, those positions may be liquidated by the delivering brokerage firm and transferred to Public as cash). Please consult with your delivering brokerage for their policies.
  • Bonuses awarded in excess of $600 (cumulative, per calendar year) will generate a 1099-MISC tax form.

The Bottom Line

The Public transfer promotion created a ton of interest and I think the company decided it was too good. Here were the original bonus tiers before it was updated on 10/31/22:

Transfer AmountBonus
$5,000 – $24,999$150
$25,000 – $99,999$500
$100,000 – $499,999$2,000
$500,000 – $999,999$5,000

So while the current transfer promo isn’t quite as great, it’s still worth doing.

I’ve been using Public for a few years now and find it super easy to use. The app is laid out nicely with only three major menu sections:

  • Portfolio: view your investment portfolio and execute buy and sell trades
  • Community: look at what’s trending and follow your favorite investor, creator, or influencer
  • Explore: see the top movers for stocks, crypto, and alternative assets; listen to earnings call; and watch live streams

An interesting feature I’ve learned about recently is a section called “Learn & Earn” under the Explore section. Public will award you free stocks just for learning about investing.

For instance, right now I can earn $1 of stock for reading about how alts work in Public (it took me less than a minute to read):

Public "Learn & Earn" promotions
(Image from

And as many of you know, I can never say no to any promotions 🙂

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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Stephen M
Stephen M
8 months ago

I have brokerage accounts at several banks with a wide value range, does public still reimburse ACAT on the smaller accounts, or only the five figure accounts?

1 year ago

My DP:
9/14 – Opened account
9/21 – Transferred >$100K total completed from 2 different brokerages
9/25 – ACAT fees totaling $200 reimbursed
10/9 – $2,000 bonus posted to account

Public has amazing customer service, and they have been very responsive throughout. This is a great promo, thanks TMN for writing about this deal!