E*TRADE: who holds your money
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.
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
- Morgan Stanley Private Bank, National AssociationFDIC #34221 · program bank19.5%above the insured limitC38.7
The figure is the share of total bank deposits above the $250,000 federal insurance limit, reported quarterly to the FDIC. High shares are normal for banks holding large app program balances. They do not mean your balance is uninsured: pass-through insurance usually covers customers individually at the partner bank. Across US banks in 2022 to 2026, those above roughly 36% saw large quarterly total deposit declines more often than those below. Most banks above that level saw no such fall. This measures deposit movement and does not predict trouble for any bank.
Disclosure
Make the most of your cash with fully integrated bank accounts from Morgan Stanley Private Bank, National Association, Member FDIC.
us.etrade.com · as of September 5, 2026
E*TRADE bank accounts are deposit accounts at Morgan Stanley Private Bank itself; brokerage cash is a separate SIPC-covered product.