E-Trade Bank Checking Account Review

E-Trade Bank Checking Account is offered by E-Trade Bank, a financial services company founded in 1933 and based in Arlington, VA. E-Trade Bank Checking Account is available in 50 states (and Washington, DC).

• Low APY. The maximum annual percentage yield for this account is only .05%.
• Charges a monthly fee. This account charges a monthly maintenance fee of up to $15.
• Large minimum initial deposit. You need a minimum deposit of $100 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
• No ATM fees. E-Trade Bank Checking Account does not charge fees on ATM transactions.
• Free bill pay. Pay your bills to practically anyone in the United States through E-Trade Bank.
• Hard credit pull. E-Trade Bank may require a hard pull on your credit report to open a checking account.

Are checking accounts from E-Trade Bank federally insured?

Yes, your E-Trade Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does E-Trade Bank Checking Account offer?

E-Trade Bank Checking Account offers an APY starting at 0% and ranging up to .05% (APY stands for annual percentage yield, rates may change).

What are the account minimums for E-Trade Bank Checking Account?

E-Trade Bank Checking Account requires a minimum initial deposit of $100 to open an account.

What fees does E-Trade Bank Checking Account charge?

The good news is that this account does not have a monthly service charge.

What features and perks does E-Trade Bank Checking Account offer?

This account includes the following features:

• Fraud monitoring - E-Trade Bank Checking Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - E-Trade Bank Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.