App record
E*TRADE: who holds your money
- Institution type
- App
- Insurance route
- Banks and direct bank accounts
- Recorded partner banks
- 1
- Disclosure read
- September 5, 2026
Insurance route
Banks and direct bank accountsThe disclosure for E*TRADE, read on September 5, 2026, describes a direct bank arrangement for FDIC coverage, federal insurance for bank deposits. This concerns deposits at the relevant bank. The exact disclosure follows.
Summary
E*TRADE is not a bank. E*TRADE says customer money is held at Morgan Stanley Private Bank, National Association, with insurance reaching customers as direct FDIC insurance at a chartered bank. We read this information in the app's own public disclosure on September 5, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
Current commentary
E*TRADE is not itself a chartered bank. Customer deposits physically sit at Morgan Stanley Private Bank, National Association, rated letter C among banks of similar size on this site. FDIC insurance reaches customers directly through that bank, with coverage of $250,000 per depositor, per insured bank, for each account ownership category. This reflects E*TRADE’s disclosure read on September 5, 2026.
Partner banks
1 bankMorgan Stanley Private Bank, National Association
- FDIC certificate
- 34221
- Role
- program bank
- Uninsured deposit share
- 19.5%
- Lefomi grade
- Grade CScore 38.7 out of 100
- Quarter ending
- June 30, 2026
- Other peers
- 31
- Peer group
- Banks, $100B or more
- Deposit insurance
- FDIC insured
Grade alerts for Morgan Stanley Private Bank, National Association
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