If you want to open a new brokerage account with E*TRADE, you might get a big bonus. E*TRADE is a top online trading site owned by Morgan Stanley. It gives new clients cash bonuses for opening certain types of accounts and moving money from other places.
To get the E*TRADE open account bonus, you need to do a few things:
- You must open one new E*TRADE brokerage account and not have one already.
- You can’t open more than one new E*TRADE account for 60 days after starting the offer.
- You have to put new money or securities into your E*TRADE account within 60 days of opening it.
Key Takeaways
- E*TRADE gives cash bonuses to new clients who open a brokerage account and add new money or securities within 60 days.
- The bonus amount depends on how much you deposit, from $1,000 to over $2,000,000.
- If you deposit $100,000 or more, you get your bonus in seven days. You also get extra rewards based on how much you deposit.
- The E*TRADE open account bonus offer ends on September 30, 2024. So, you should act fast to get it.
- Current clients or those opening more than one new account have different rules for getting cash credits.
Requirements for New Clients Opening One Account
To get the E*TRADE open account bonus, new clients must meet certain rules. First, you need to open a new E*TRADE brokerage account. You can’t have an E*TRADE account already. Also, you can’t open more than one new E*TRADE account for 60 days after signing up.
Eligibility Criteria
- Open a new E*TRADE self-directed brokerage (non-retirement) account
- Do not have an existing E*TRADE account
- Do not open any other new E*TRADE accounts for 60 days after enrollment
Deposit and Reward Structure
The E*TRADE open account bonus gives cash credits based on your deposits. These credits are for new funds or securities added within 60 days of opening your account. The bonus amounts vary from $50 for $1,000 to $4,999 deposits to $600 for $2,000,000 or more. Also, linked accounts can get a $5,400 bonus.
The cash credits will be given within seven business days. This is after the 60-day period ends or after a $100,000+ deposit is made.
| Deposit Amount | Bonus Amount |
|---|---|
| $1,000 – $4,999 | $50 |
| $5,000 – $9,999 | $100 |
| $10,000 – $24,999 | $200 |
| $25,000 – $99,999 | $300 |
| $100,000 – $199,999 | $400 |
| $200,000 – $1,999,999 | $500 |
| $2,000,000 or more | $600 (new account) + $5,400 (eligible linked accounts) |
“E*TRADE from Morgan Stanley offers $0 commissions for online US-listed stock, ETF, mutual fund, and options trades.”
Requirements for Existing Clients or New Clients Opening Multiple Accounts
If you already have an E*TRADE account, you can get more rewards. This is true if you open a new account or if you’re new and open more than one account in 60 days. The rewards will depend on how much money you put into your accounts within 60 days of opening.
The rewards can be from $1,000 to $2,000,000 or more. For example, if you deposit $1,000 to $4,999, you get a $50 bonus in the new account and $200 in other accounts. If you deposit more, you get even more bonuses.
| Deposit Amount | Bonus in New Account | Bonus in Eligible-Linked Accounts |
|---|---|---|
| $1,000 – $4,999 | $50 | $200 |
| $5,000 – $19,999 | $100 | $400 |
| $20,000 – $99,999 | $200 | $900 |
| $100,000 – $199,999 | $300 | $2,700 |
| $200,000 – $499,999 | $400 | $3,600 |
| $500,000 – $999,999 | $500 | $4,500 |
| $1,000,000 – $1,999,999 | $550 | $4,950 |
| $2,000,000 or more | $600 | $5,400 |
This offer lets you get the most out of the E*TRADE referral bonus and E*TRADE investment account bonus. It’s good for both new and existing E*TRADE clients.
E*TRADE open account bonus Reward Tiers
The E*TRADE open account bonus has different reward tiers for new and existing clients. Whether you open one or many accounts, E*TRADE has a system. It gives cash credits based on how much you deposit.
| New Account Deposit Amount | New Account Cash Credit | Existing Account Deposit Amount | Existing Account Cash Credit | Total Cash Credit |
|---|---|---|---|---|
| $1,000 – $4,999 | $50 | $200,000 – $499,999 | $200 | $250 |
| $5,000 – $19,999 | $150 | N/A | N/A | $150 |
| $20,000 – $49,999 | $200 | N/A | N/A | $200 |
| $50,000 – $99,999 | $300 | N/A | N/A | $300 |
| $100,000 – $199,999 | $600 | N/A | N/A | $600 |
| $200,000 – $499,999 | $600 | N/A | N/A | $600 |
| $500,000 – $999,999 | $600 | N/A | N/A | $600 |
| $1,000,000 – $1,499,999 | $600 | N/A | N/A | $600 |
| $1,500,000 – $1,999,999 | $600 | N/A | N/A | $600 |
| $2,000,000 + | $600 | N/A | N/A | $600 |
The E*TRADE open account bonus rewards range from $50 to $600. This depends on how much you deposit. Existing E*TRADE clients can also earn more cash credits by adding funds to their accounts.
To get these rewards, make sure to check the rules and limits. Knowing the E*TRADE open account bonus tiers helps you get the most cash credit. This makes your E*TRADE account opening experience better.
General Offer Rules
The E*TRADE open account bonus is for new, non-retirement brokerage accounts. You must put new money or stocks into your account within 60 days. These funds must come from outside E*TRADE and stay in your account for at least six months.
Don’t take money out of your new E*TRADE account during the offer. This could make your reward smaller or even take it away. Also, money moved from a Morgan Stanley AAA account won’t count towards your reward.
| Requirement | Details |
|---|---|
| Account Eligibility | Self-directed (non-retirement) brokerage accounts only |
| Deposit Timeline | New funds or securities must be deposited or transferred within 60 days of enrollment |
| Fund Source | Assets must be from accounts outside of E*TRADE |
| Minimum Holding Period | Deposited assets must remain in the new E*TRADE account (minus any trading losses) for at least 6 months |
| Exclusions | Assets transferred from an existing Morgan Stanley AAA brokerage account will be excluded from reward calculations |
Follow these rules to get the most out of the E*TRADE open account bonus, E*TRADE brokerage account bonus, and E*TRADE commission free trades.
Offer Limitations
There are some key things to know about the E*TRADE open account bonus. It’s for one new E*TRADE account only. You must fund it within 60 days with a certain amount. Some accounts, like business or retirement ones, don’t qualify.
The E*TRADE referral bonus and E*TRADE investment account bonus have their own rules. For example, existing customers can get bonuses on non-retirement accounts. But, you have to wait 6 months after adding money to keep the bonus. IRAs don’t count, only “brokerage” funds.
Remember, offer details can change. Always check the E*TRADE website or talk to a financial advisor. This way, you’ll know all about the E*TRADE open account bonus, E*TRADE referral bonus, and E*TRADE investment account bonus offers.
| Offer Details | Limitations |
|---|---|
| E*TRADE open account bonus | Valid for one new E*TRADE self-directed brokerage (non-retirement) account Account must be funded within 60 days with a qualifying deposit Certain account types may be excluded (e.g., business accounts, retirement accounts, advisory accounts, E*TRADE Futures accounts, Morgan Stanley AAA brokerage accounts, and Morgan Stanley Private Bank, National Association) |
| E*TRADE referral bonus | Bonus tiers start at $125 (for $5,000) up to $6,000 (for $2 million) for existing customers on non-retirement accounts 6-month holding period after transfer-in to earn and keep the bonus IRAs are not eligible, only “brokerage” funds |
| E*TRADE investment account bonus | Robinhood set to launch a 1% bonus in May for taxable account deposits, paid out monthly over 2 years, surpassing the E*TRADE promotion |
Keep up with the latest on E*TRADE open account bonus, E*TRADE referral bonus, and E*TRADE investment account bonus. This helps you get the most out of your benefits. Always read the fine print before opening an account or using any of these offers.
Conclusion
E*TRADE’s open account bonus is a great chance to earn cash rewards. It’s available for both new and current customers. The more you deposit, the more you can earn.
Knowing the rules and how to get the bonus is key. E*TRADE offers 24/7 support and no fees on many investments. This shows they care about their customers.
With E*TRADE’s bonus, you can grow your investments. It’s a chance to work with a reliable financial company. Don’t miss this chance to earn and start investing with E*TRADE today.
Frequently Asked Questions
Kuldeep Nirgude is a computer science student with a strong interest in finance and marketing. With a focus on analyzing industry trends, he writes articles that simplify complex concepts and empower readers to make informed decisions. Kuldeep is dedicated to bridging the gap between technology and business, and is committed to staying updated on the latest innovations shaping the economy.