SPECIAL LIMITED-OFFER ENDS 3/31/2025
Get $300, plus up to APY1,2
Just open a new checking account by March 31, 2025, and complete the three easy steps below. That’s all it takes to switch to better checking.
Ready to get $300? Here’s how the offer works
1
OPEN A NEW CHECKING ACCOUNT
Open a new Checking or Max-Rate Checking account by 3/31/2025 with the Open an account link below. Compare the accounts to see which is right for you.
2
SET UP DIRECT DEPOSIT
Make at least 2 direct deposits, each of $1,500 or more, within 90 days of opening your new account. Learn how
3
GET REWARDED!
Receive a $300 bonus deposited into your new checking account.
Get rewarded when you choose the checking account that's right for you
| Max-Rate Checking | Checking | |
|---|---|---|
| Annual Percentage Yield (APY) | APY1 | APY2 |
| ATM Refunds | Worldwide3 | Nationwide5 |
| Foreign Transaction Fee Refunds | Yes4 | No4 |
| Transaction Fees (for online wire transfers, stop payments insufficient fund, and more) |
$0 | $0 |
| FDIC Insured | Yes | Yes |
| Monthly Account Fee | $15 Waived if you maintain a $5,000 average monthly balance6 |
$0 |
Plus, earn a leading Annual Percentage Yield (APY) every day
| Morgan Stanley Private Bank Max-Rate Checking | ||
| American Express Rewards Checking | 1.00% | |
| Capital One 360 Checking | 0.10% | |
| Morgan Stanley Private Bank Checking | 0.05% | |
| Bank of America Advantage Banking | 0.02% | |
| Chase Total Checking | 0.00% |
Annual percentage yields on competitor accounts as of 1/31/20257
What you get with every checking account
Free CoverDraft Protection
Enjoy peace of mind when enrolled in CoverDraft Protection
Easy money movement
Access cash anytime, from anywhere
Integrated account view
Checking, savings, and investing in one place
Convenient 24/7 banking
Online and with our best-in-class app8
At E*TRADE, we're more than just investing.
We also help you make the most of your cash with a suite of award-winning, high-yield bank accounts from Morgan Stanley Private Bank.
Best Checking Account 2024 by U.S. News and World Report, U.S. News and World Report
Frequently asked questions
What qualifies as direct deposit for my cash bonus?
A Direct Deposit is a regular recurring deposit of income, such as salary, pension, government payments (such as social security) from your employer, payroll or benefits provider or government agency, that occurs through the Automated Clearing House (ACH) Network. At least two Direct Deposits each of $1,500 or more within the 90 days of account opening are required to earn the bonus for this offer.
Direct Deposits that are not regular recurring deposits of income do not constitute Direct Deposit activity. This includes, but is not limited to: incoming wires, check deposits, mobile check deposits, Real-Time Payment network credit, Transfer Money, funds transfers initiated using E*TRADE from Morgan Stanley’s website or mobile app and internal transfers (e.g. from another bank account held at Morgan Stanley Private Bank or from another brokerage account held at Morgan Stanley Smith Barney).
Morgan Stanley Private Bank may, in its sole discretion, assess each account holder’s direct deposit activity to determine eligibility and may require additional documentation to complete this verification.
How do I set up direct deposit?
You will need to set up a direct deposit directly with your employer or payment provider (e.g., Social Security Administration, U.S. Department of Treasury). They will need your Checking account number and routing number and may also ask for your account type, which is Checking, and the name of the financial institution.
If your employer will accept a direct deposit form, you can also download one from our website. If you need more information or want to download the direct deposit form, visit www.etrade.com/directdeposit or contact our customer service team at 800-387-233.
How do I find my account and routing numbers to set up a direct deposit?
You can quickly find your account number online by logging on. You can find your account and routing number on your Complete View page and clicking Quick Links.
If you’re on the mobile app, you can find your account number by clicking Menu > Transfer > Set Up Direct Deposit.
You can always find your account and routing numbers on the checks associated with your account. For your reference, the routing number for Morgan Stanley Private Bank checking accounts is 256072691.
When will I receive my $300 cash bonus?
After the first 90 days from account opening, your status to receive the bonus will be assessed and processed, which can take up to 30 days. This means, if all requirements are met, you can expect your bonus to be deposited in your account within 120 days from account opening.
See footnotes for additional details on offer eligibility and qualifications.
What interest rate can I earn with a Checking or Max-Rate Checking account?
As of , the Annual Percentage Yield (APY) of the Max-Rate Checking Account is 1 and 2 APY for Checking.
Please visit etrade.com/ratesheet for information regarding this account's current interest rate and corresponding APY.
Am I eligible for this checking account bonus if I already have a Checking or Max-Rate Checking account?
This offer is valid only for one individual and jointly owned Max-Rate Checking or Checking account newly opened from 2/13/25 - 3/31/25 and funded within 30 days of account opening.
You are not eligible if you have or had owned or co-owned (joint) a Max-Rate Checking or Checking Account within the last 12 months from when you enroll in this offer.