Understanding Your Rewards: A Comprehensive Guide.
Discover the features and benefits of your Stock Rewards module in this quick overview video!
Learn how to track, manage, and maximize your stock rewards with ease. Whether you're new to stock compensation or looking to make the most of your portfolio, this video guides you through the essentials, helping you stay on top of your financial growth.
Want some step by step instructions?
Step 1: On the top of the Rewards page, your currently selected stock is displayed. You can observe the stock's name and the percentage of stock rewards earned on all purchases made from your selected stock.
Step 2: On the left of your selected stock, a visual graphic displays the accumulated rewards you have collected in every stock you have selected previously. The number in the middle of the circle represents your whole accumulated rewards value since the beginning of opening your account. This overview can be filtered to display a specific month by clicking on "All time" in the middle of the circle, to get a more precise overview of your rewards. Additionally, clicking on "Other" will display all additional shares of stocks you have invested in.
Selected Stock Details
Step 3: Your selected stock will automatically be displayed once you enter the "Rewards" module. Click on the "i" icon to learn more about the stock selection process.
Step 4: The middle "Rewards" card on the top displays the percentage received back in rewards from stock purchases. The minimum amount of purchases required to redeem your stock reward is also displayed. In the case of Apple stock, this amount is 1.50 USD.
Step 5: You can also find useful information about the stock, such as its short description, current price, dividend yield and market cap.
There are various different stocks available in your brokerage. These can all be viewed by scrolling through the stocks in the box on the left on your screen.
Redeeming Stock Rewards
Step 6: The stocks in which your purchases have reached the minimum capacity for rewards, will have the option to redeem your reward. To do this, click on the green "Redeem my Stock Rewards" option to initiate a successful redemption.
A notification will confirm that the rewards are on their way and should appear in your Bits of Stock brokerage account within two business days. If the market is open, the rewards will be visible in your portfolio within just a couple of minutes!
Step 7: Note that not all stocks have redeemable rewards in your brokerage at all times. For instance, in the example of the tutorial, the VTI stock needs a minimum of 1.5 dollars in purchases, which is yet to be reached for a redemption.
Step 8: The arrow navigations at the bottom of Rewards card allow to browse through the your rewards which are ready to be redeemed, or rewards close to being fully accumulated.
Rewards History
Step 8: By scrolling further down the rewards history page, you can view your rewards history page. Here, all your reward activities are displayed.
Step 9: The status of recently redeemed rewards in displayed on the right. For instance, the newly redeemed Apple stock is currently "pending". Once the redemption process is complete, the status will change from "pending" to "redeemed".
Step 10: Each stock activity also has a date and redemption time on the left on your screen, making tracking your redemptions easier.
Step 11: The reward history can be sorted by different statuses. You can sort by: "Rewards", "Redemptions", "Round-ups" and "Transfers".
Additionally, a filter located in the top right corner can be applied to your History, where rewards can be filtered by different statuses or date ranges. In case you are looking for a specific transaction or reward, the magnifying glass next to the filter allows you to type whatever you are looking for.
It's that simple, so go ahead and enjoy the benefits of the stock rewards program!
