Etrade question.?

Question

Hi I just started an etrade account. But i'm currently watching to some stocks and havent started trading yet. Do they start charging for an inactive account before I have made any trades? just dont want to start loosing money right away.

Answer 1

Usually they will not charge you, however usually an account does no activity after a few months, it will be billed, and rightfully so,

Answer 2

This is information you could have found out for yourself, especially if you have just opened an account with E-trade.

Account Service Fee* Your account will be reviewed on each quarter's Activity Record Date and a $40 Account Service Fee (ASF) will be assessed, if applicable, on the Fee Date, which is Wednesday during the last full week of each quarter as indicated below:

Quarter Activity Record Date Fee Date

Q1 2008 (12/26/07 - 03/24/08) 03/24/08 03/26/08

Q2 2008 (03/25/08 - 06/23/08) 06/23/08 06/25/08

Q3 2008 (06/24/08 - 09/22/08) 09/22/08 09/24/08

Q4 2008 (09/23/08 - 12/22/08) 12/22/08 12/24/08

You will not be charged an ASF if any of the following apply by the Activity Record Date (the Monday of the last full week of each quarter).

Account Types

Your account is an IRA

Your account is a Custodial account

Your account has been opened less than 12 months

Other Relationships with E*TRADE FINANCIAL

You have an E*TRADE Bank Money Market Account

You have an outstanding balance on an E*TRADE Bank VISA card

You have an outstanding balance on an E*TRADE Bank Home Equity Line of Credit

You have an outstanding balance on an E*TRADE Bank Home Equity Installment Loan

You obtained an E*TRADE Mortgage loan within the prior 12 months

You are an employee of a current E*TRADE FINANCIAL Corporate Services Employee Stock Plan client

Account Activity

You execute one or more stock or options trades

You make a minimum of two bill payments using Online Bill Pay

You make at least three ACH deposits of at least $1,000 each

Minimum Balance

Your E*TRADE Securities account balance is at least $10,000

Your combined balance in linked E*TRADE Securities and E*TRADE Bank accounts is at least $20,000



Check Returned for Non-sufficient Funds $25 for first occurrence

$30 for second occurrence

$40 for third occurrence

Electronic Transfer Returned for Non-sufficient Funds $25

Fed Call Extensions $25

Limited Partnership Fee $75¹ for re-registration on incoming transfers

$100 annually per limited partnership position for custody

Reorganizations $20 for mandatory actions (e.g., mergers, reverse stock splits)

$30 for voluntary actions (e.g., tender offers)

$50 for actions reflected on physical certificates

Restricted Securities Custody $150

Verification of Deposits (third parties) $20

Worthless Securities Processing $5

American Depositary Receipts (ADRs) Custody Fee $.01 - $.05 per share²

1 A one-time fee applied when the custodian of a limited partnership is changed from another brokerage firm to E*TRADE Securities.

2 Transfer agents and banks that sponsor American Depositary Receipts (ADRs) are permitted to charge ADR holders an annual custody fee. The fee is administered through the Depository Trust Company (DTC) which typically will be subtracted from the gross dividend amount payable or collected from E*TRADE Clearing by the DTC and deducted from your account if the ADR does not pay a dividend. The fee will be posted to your monthly account statement and transaction history pages as "ADR Custody Fee."

Answer 3

View It Now    FinanceExtends (dot) com