Creating US Bank Account (STEP #1)

This is Part 2 in a series on creating US Bank Account.

Which Bank?

The first question is most likely occurring in your mind—which bank?

Well, I’m glad to answer that question right now.

This bank has provided excellent and fast customer service.

In fact, everyone would be able to open this bank account within a few days - and that includes mail time, from my country (INDONESIA) to USA.

Now, I’m introducing you E*Trade Financial!

(E*TRADE Financial owns E*TRADE Bank and E*TRADE Securities, LLC)

You can visit the bank now by going to www.EtradeBank.com.

But don't click to open your account just yet.

Filling out the wrong form (even though it says Bank Account Opening form), will get your application denied.

To open your account you must use services of E*Trade Securities, LLC.

Before I walk you through the right process, however, let us talking about E*TRADE Securities, LLC.

E*TRADE Securities, LLC is a member of the SIPC. SIPC is an important part of the overall system of investor protection in the United States. While a number of federal, self-regulatory and state securities agencies deal with cases of investment fraud, SIPC's focus is both different and narrow: Restoring funds to investors with assets in the hands of bankrupt and otherwise financially troubled brokerage firms. The Securities Investor Protection Corporation was not chartered by Congress to combat fraud.

Even though E*TRADE Securities LLC and E*TRADE Bank are separate, actually they are affiliated companies—allowing you to have banking services.

One more important thing you must remember is always beware of some scammer sites. Never believe any sites or companies named E_Trade, E(x)Trade, e-Trade, etc.

In the next posting, I will show you how to actually open your account.