Published April 19, 2024
Fact Checked
Ashley Maready
E*TRADE offers hefty bonuses to customers who transfer from other banks or brokers. Find out how much you could earn and if you qualify.
E*TRADE Brokerage Account Bonus: Earn up to $4,000 by depositing into a new account with promo code PROMO24
Open Account for E*TRADE
On E*TRADE's Secure Website.
Ratings Methodology
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Fees:
Commission-free; other fees apply
Account Minimum:
$0
Special Offer
Open a new eligible E*TRADE brokerage account, fund your account within 60 days of opening, and earn a cash bonus of up to $1,000, depending on the size of your deposit. Offer good for one use per customer, on a single account.
Open and fund and get up to $1,000
Open Account for E*TRADE
On E*TRADE's Secure Website.
How you earn it:
New E*TRADE customers:
- Open a new brokerage account.
- When opening the account, enter code PROMO24.
- Deposit at least $50 worth of cash or stock into your account within 60 days of opening.
- Leave deposits within your account for at least six months.
Current E*TRADE customers:
- Open a new brokerage account.
- When opening the account, enter code PROMO24.
- Deposit at least $500,000 split between existing and new E*TRADE accounts.
- Leave deposits within your accounts for at least six months.
How you qualify: Open a new E*TRADE Self-Directed Brokerage account. If you're already an E*TRADE customer, you're ineligible for the new customer promo, but you can still snag the current customer promo by opening another brokerage account.
Details: The more you deposit, the more you earn.
New customer deposit tiers
| Deposit amount | Cash bonus |
|---|---|
| $50 to $999 | $100 |
| $1,000 to $49,999 | $150 |
| $50,000 to $99,999 | $200 |
| $100,000 to $199,999 | $300 |
| $200,000 to $499,999 | $600 |
| $500,000 to $999,999 | $1,000 |
| $1,000,000 to $1,499,999 | $2,500 |
| $1,500,000+ | $4,000 |
Data source: E*TRADE.
It's worth noting that this bonus only applies to taxable brokerage accounts, not retirement accounts. You don't need to open a traditional IRA or Roth IRA with E*TRADE to get this bonus.
If you're a current E*TRADE customer, the reward tiers look a little different. Current customers who open a new account must deposit at least $500,000 split between new and existing accounts.
Once you've deposited at least $500,000 between new and existing accounts, you become eligible for bonuses.
Existing customer deposit tiers
| Deposit amount (existing account only) | Cash bonus |
|---|---|
| $500,000 to $999,999 | $400 |
| $1,000,000 to $1,499,999 | $1,900 |
| $1,500,000+ | $3,400 |
Data source: E*TRADE.
| Deposit amount (new account only) | Cash bonus |
|---|---|
| $50 to $999 | $100 |
| $1,000 to $49,999 | $150 |
| $50,000 to $99,999 | $200 |
| $100,000 to $199,999 | $300 |
| $200,000+ | $600 |
Data source: E*TRADE.
Examples: Say you deposit $500,000 into your existing account and $0 into your new account. You'd get the $400 cash bonus and nothing else. Now, say you split that deposit evenly between new and existing accounts, $250,000 each. You'd get the $600 new account bonus, but no bonus for your existing account. Now, say you fund your existing account with $500,000 and your new account with $200,000. You'd get the $400 existing account bonus, plus the $600 new account bonus.
In short, the more you deposit, the more you earn. Current customers must deposit at least $500,000 somewhere to qualify for any bonuses. FYI, any money you shuffle between accounts doesn't count toward this promo. Deposits must come from outside E*TRADE.
Offer expires: May 31, 2024.
What else should you know about E*TRADE bonuses
Online brokers frequently update promos, so check in every so often. We keep track of the latest E*TRADE promotions here.
Are E*TRADE promotions worth it?
The E*TRADE deposit bonus is worth considering if you like what the broker has to offer investors. This broker is known as a one-stop shop for investing. If you like low fees and mutual funds, it could be worth opening an account. E*TRADE's deposit bonus is generous compared to its competitors'. See the best brokerage promos to do your own comparisons.
Alternatives to Consider
We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2024.
| Account | Fees | Account Minimum | |
|---|---|---|---|
|
Featured Offer
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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Rating image, 5.0 out of 5 stars.
5.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
$0 commission for online U.S. stock and ETF trades; trade fractional shares for as little as $1 | $0 |
FAQs
-
New customers: You get your cash bonus within seven business days of your first deposit. If you deposit more within the 60 days, qualifying for more cash, you get it at the end of the 60 days.
Current customers: You get your cash bonus by the end of the 60 days.
-
You can only get the E*TRADE Brokerage Account Bonus once. But you can make multiple deposits during the 60-day promo period to hit higher reward tiers.
Our Brokerages Experts
Cole Tretheway is a full-time personal finance writer whose articles have been featured on The Ascent and The Motley Fool. He has a degree in English with a Certificate in Professional and Technical Communication from California Polytechnic University, SLO.
Fact Checked
Ashley Maready
Ashley Maready is a former history museum professional who made the leap to digital content writing and editing in 2021. She has a BA in History and Philosophy from Hood College and an MA in Applied History from Shippensburg University. Ashley loves creating content for the public and learning new things so she can teach others, whether it's information about salt mining, canal mules, or personal finance.
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The Motley Fool has a disclosure policy.
E*TRADE services are available just to U.S. residents.
Fidelity disclosure
Fractional share quantities can be entered out to 3 decimal places (.001) as long as the value of the order is at least $1.00. Dollar-based trades can be entered out to 2 decimal places (e.g. $250.00)
Robinhood disclosure
All investments involve risk and loss of principal is possible.
Securities are offered through Robinhood Financial LLC, member FINRA/SIPC. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected. For more information see the Robinhood Crypto Risk Disclosure.
Trades of stocks, ETFs and options are commission-free at Robinhood Financial LLC. Other fees may apply. Please see Robinhood Financial’s Fee Schedule to learn more.
Fractional shares are illiquid outside of Robinhood and are not transferable. Not all securities available through Robinhood are eligible for fractional share orders. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section of our Customer Agreement.
Robinhood Gold is an account offering premium services available for a $5 monthly fee. Not all investors will be eligible to trade on Margin. Margin investing involves the risk of greater investment losses. Additional interest charges may apply depending on the amount of margin used. Bigger Instant Deposits are only available if your Instant Deposits status is in good standing.