Starting with a $1000 minimum account balance, etrade now claims to have $167 billion in funds in 4.3 million accounts. Do the math. This is an average account size of $39,000. Apparently this has made them recognize the expendable nature of their smaller accounts. The minimum was raised to $5000, ...
After leaving one company for the next, I switched my e-mail account to ensure I would continue to receive account info. Without prior notice that this would, the simple modification of an e-mail address aparently blocks you from wire-transferring any monies available and in your account. When I ...
When talking to the account rep about why I had a 'Cash Call' (negative balance) on my Securities statement I found out that they have been charging me a $40 per Qtr for every Qtr that I had no activity. I'm a buy and hold kind of guy and that means I've paid $160 last year for the 'privilege' of ...
Account maintenance fees added a year after my account open without notification. 60 free to transfer to another company, they wouldn't even let me do a partial transfer. One of the biggest rip offs I have ever seen. Funny thing, I had just inherited a very nice sum of money and was going to put it ...
In the event you believe what I'm going to let you know is just a rare event, I had been informed by several of E*Trades own Client Low-Service Repetitions that what I had been going right through was "not upcommon". I also discovered additional types of clients being handled exactly the ...
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 ...