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Etrade question.

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learningcredit101
Established Member

Etrade question.

 I want to invest my tax refund and thought about online trading. Maybe a dumb question but would opening an etrade account do a HP? 

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Message 1 of 8
7 REPLIES 7
user5387
Valued Contributor

Re: Etrade question.

The first hit on this Google search:

 

   etrade hard pull

 

says "no".

 

But I wouldn't stake too much on this kind of information.

 

I believe Schwab does a hard pull for their online checking, which is part of a brokerage account.

 

Message 2 of 8
BigBS
Senior Contributor

Re: Etrade question.

I would call because YMMV.

Score: EQ(809) EX(819) TU(800)
INQs: EQ(7) EX(16) TU(8)
Last INQ: 13 Jul 23

Total Credit Limit - $2.0M

Message 3 of 8
asulaw
Established Member

Re: Etrade question.

Most trading accounts do not require any sort of HP. I use Scottrade, and they are $7 per trade which is cheaper than ETrade. They did not do a HP for me when I opened.

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Total CL: $14,300
Util: 28%
Message 4 of 8
BigBS
Senior Contributor

Re: Etrade question.

My ShareBuilder did pull an HP on mine.

Score: EQ(809) EX(819) TU(800)
INQs: EQ(7) EX(16) TU(8)
Last INQ: 13 Jul 23

Total Credit Limit - $2.0M

Message 5 of 8
youdontkillmoney
Valued Contributor

Re: Etrade question.


@learningcredit101 wrote:

 I want to invest my tax refund and thought about online trading. Maybe a dumb question but would opening an etrade account do a HP? 


Call them and ask because Scottrade did not for me, but Merrill Edge + did for their brokerage account

Message 6 of 8
1_2
Contributor

Re: Etrade question.

I have a Etrade account. I have had it for about 3 years. They didnt check credit back then. No hard or even soft pull has ever shown up on any of my reports. I called first because I was concerned also. Charles Schwab on the other hand does check your credit. 








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Message 7 of 8
TimeToRecover
Established Contributor

Re: Etrade question.

Scott Trade did not for me.


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Message 8 of 8
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