5 ways your assets are protected at E*TRADE
- All Bank accounts FDIC insured to at least $250,000 per depositor. Click here for more details.
- Extended Insurance Sweep Deposit Accounts FDIC insured to $1,250,000.1
The FDIC is an independent agency of the federal government that promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions.Deposits at E*TRADE Bank are FDIC insured. Learn more at www.fdic.gov.
Explanatory brochure available upon request or at www.sipc.org.
$600 MILLION ADDITIONAL BROKERAGE PROTECTION FOR TRADING
UNDERWRITTEN BY LONDON INSURERS
E*TRADE Securities LLC has purchased from London insurers additional protection, commonly referred to as "excess SIPC coverage," with an aggregate limit of $600 million to pay amounts in addition to those returned in a SIPC liquidation, provided that (1) the combined return from the Trustee distributions, SIPC, and London to any customer does not exceed $150 million, and (2) as a sub-limit, return of cash to any customer by London does not exceed $900,000.
This coverage does not protect against loss of the market value of securities.
- $0 liability for unauthorized use of your accounts (i.e. trades, transfers, ATM, bills pay)
- On-time, accurate online Bill Pay and Transfer Money
- Privacy protection ‒ E*TRADE will not sell your personal information to third-parties or marketers for any purpose
PLEASE READ THE IMPORTANT DISCLOSURES BELOW.
- The E*TRADE Financial Extended Insurance Sweep Deposit Account ("ESDA") is a cash sweep option for E*TRADE Securities brokerage accounts. When the ESDA is designated as the sweep option for your brokerage account, available cash balances in your brokerage account are automatically deposited in bank accounts at up to five depository institutions (each a "Program Bank"), with deposits at each Program Bank insured by the FDIC for up to $250,000, resulting in total FDIC insurance coverage for cash in an ESDA account of up to $1,250,000. Any amount in excess of $1,250,000 will not be covered by FDIC insurance. You also should include other accounts you hold in the same title and capacity at any of the Program Banks in calculating FDIC insurance coverage limits, because coverage limits are set per customer across all accounts.
- The SEC Customer Protection Rule (SEC Rule 15c3-3) requires broker-dealers to segregate customers' fully-paid securities from their own assets and broker-dealers cannot use customer cash or fully-paid securities to satisfy their own obligations.