E*TRADE has been a famous online broker for long. Its strong trading platforms and no commissions attract active traders while beginners can also benefit from its excellent educational resources library. Whether you are a beginner or a seasoned trader, you can choose E*TRADE to start investing and trading without any doubt. To start trading on E*TRADE, you will need to first fund your new account. So, let’s have a look at the best ways to fund your new account on E*TRADE platform:

Fund E*TRADE Account

1. Transfer Money: This free online service lets you transfer funds between your E*TRADE accounts or from any financial institutions. This method of funding an account is convenient, simple, and 100% protected. Follow the steps below to transfer funds using this method:

    • Choose the right accounts from the From and To menus.
    • Enter the amount you want to transfer.
    • Choose the date on which you want the fund transfer to occur.
    • Dropdown, choose “Preview Transfer” and confirm.

2. Wire Transfer: This is an electronic way of transferring money between different accounts at different financial organizations. Wire Transfer is a quick and secure way of transferring your money from one account to another. When it comes to funding your E*TRADE account via Wire Transfer, there are two methods to do so:

              a) Wire Money to E*TRADE Bank Account:

    • Complete the E*TRADE’s Bank Wire Transfer form.
    • You will have to provide the information on receiving institution i.e. E*TRADE and your information including the amount to be transferred, Social Security Number/ Account Number, and name, phone number, and address of account holder.
    • Send the form to the financial organization and request them to wire transfer the funds to the E*TRADE Bank.

               b) Wire Money To E*TRADE Securities Account

    • Complete the E*TRADE’s Securities Wire Transfer form.
    • You will have to provide the information on receiving institution i.e. E*TRADE and your information including the amount to be transferred, your 8-digit E*TRADE account number, and your name, and address.
    • Send the form to the financial organization and request them to wire transfer the funds to the E*TRADE Bank.

3. Transfer an Account: If you want to simplify managing your finances, then you can Transfer an Account by moving your securities and cash from on outer financial organization to E*TRADE. If you want to opt for this option of transferring funds, you will need to have the following information available with you:

    • Name of the financial institution you want to transfer from

    • Account number at the financial institution

    • Ownership/ Registration of the account

4. Deposit a Check: This is another convenient way to fund your E*TRADE account. You can deposit a check in two ways that are with the mobile check deposit option or by mailing a check.

Conclusion

Depositing funds at E*TRADE is quite simple and convenient with the different available options. Choose one as per your convenience and get ready to start trading right away!