I would like to open the trust bank account with ETrade for my self directed solo 401K plan. Has anyone successfully done so. If so, can you share tips, exact forms you filled.
Thanks in advance
Dmitriy - Thanks for the response. I am looking for not the investment account that you so rightly pointed out but the bank account. Etrade has a business checking and a trust account. I need to open the bank account in the name of the trust with its EIN. Have your clients used one of them successfully. If so, which one.
Technically you can open a checking account for a trust at any financial institution. The account must be in the name of the trust, use trust EIN.
We direct all of our clients to one of our preferred banks for checking accounts so that they can work someone experienced with the Solo 401K. The reason for that is because other banks had messed it up too many times.
What is your reason for going with E*Trade?