E*TRADE bank account (step 1)

You might heart about E*TRADE, it’s easy for you to get an account from this bank. Check the first step to open an account.

You can visit the bank now by going to: http://www.etrade.com. But don’t click to open your account just yet. Filling out the wrong form (even though it says Bank Account Opening form), will get your application denied. We’ll walk you through the right process in a minute. To open your account we will be using the services of E*Trade Securities, LLC. But first…

About E*TRADE Securities, LLC

E*TRADE Securities, LLC is a member of the SIPC. Even though they are a separate company they are affiliated with E*TRADE Bank – allowing you to have banking services.

Below is the welcome pack you will receive

welcome kit

STEP 1: Opening your account

Now the part you have been waiting for. How to actually open your account…

E*Trade offers two accounts and 2 different forms (this is where most people get tricked into thinking they can’t open an account).

The first account is a Checking Account. Non-US residents can’t open this account.

The second account is a brokerage account. It works just like a checking account. However, you also have the option to use it for investing (you don’t have to invest, you can just use it as a checking account).

This account is available to residents and non-US residents. This brokerage account allows you to write US checks, have a VISA Platinum debit card, and full Internet banking. You can also ACH (direct deposit) funds from PayPal, 2Checkout.com, or any other US bank. This is the account you will open.

As a non-US resident you will need to fill out the following forms:

* Please note it’s not necessary to fill in the last page of this form.

* You are required to include W8BEN form with your application form above.
We have included a sample application, to show you how to fill in the form.

Tax will not be withheld from your deposits. Tax is only withheld if you make a profit on an investment made through E*Trade.

Mail both forms along with a photocopy of your passport to the address below:

For all customers from America
Regular Mail Postal Overnight (Express)
E*TRADE Securities LLC
P.O. Box 1542
Merrifield, VA 22116-1542
USA
E*TRADE Securities LLC
671 Glebe Road N., 11th Floor
Arlington, VA 22203, USA
For all customers from Europe and Africa
E*TRADE Customer Services US Trading
E*TRADE Securities LLC
42nd Floor
One Canada Square
Canary Wharf
London E14 5AA
United Kingdom
For all customers from Asia
E*TRADE Customer Services
US Trading
E*TRADE Securities (HK) Ltd
Suite 2401-12
Two Pacific Place
88 Queensway
Admiralty, Hong Kong
ETRADE Securities (Hong Kong) Limited, Singapore Branch
80 Raffles Place #36-01, UOB Plaza 1,
Singapore 048624

Steps to open E*Trade bank account:

  1. Opening your account
  2. Requesting your free check book
  3. Initial Deposit & How to deposit your account online by PayPal
  4. Requesting your Platinum VISA debit card

  • is this account will be from American bank (some e store require an American credit card) as the address in UK for customer from Africa?

  • is this account will be from American bank (some e store require an American credit card) as the address in UK for customer from Africa?

  • Donut

    I heard a year ago that this method had become obsolete. Kindly inform me if this still works.

  • Donut

    I heard a year ago that this method had become obsolete. Kindly inform me if this still works.