In addition to providing an inferior product to its competitors (Schwab, Interactive Brokers, you name it), Etrade charges the egregious fee of $40 per quarter on inactive accounts. I forgot I had an etrade account, and came back to it a couple years later to find that Etrade had charged me hundreds of dollars to process 4 dividend payments a year. It is sweet justice that Etrade bought subprime and home equity loans that are now likely to send it to bankruptcy. I am pulling my newfound money from them (despite another likely charge), as I don't feel like trying to get my assets out after they go bankrupt.
0 comments