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Use E*Trade Securities Brokerage Account for Paypal 3 Times

It’s not a secret that we can get an e*trade bank account outside of United States, and use it as a bank account for an US Paypal account, and get most advanced e-money benefits. The problem is (it’s not really a problem anyway), one bank account can only use for one paypal account.

However, I have an amazing discovery that you can use one E*Trade Securities Account as 3 bank account for 3 paypal account (or only for one, if you want to waste it).

Here is how you do it:

Your First Bank Account:

Financial Institution Name : ETrade Securities LLC
ABA or Routing Code : 056073573
Account Number : XXXXXXXX

It’s the standard one you was told by etrade. After received money from paypal by add a bank account, you will get “Electronic Deposit Credited” or “Electronic Deposit Received“.

Then you go to paypal bank confirm page:

Confirm deposits
Bank account
ETrade Securities, XXXXXXXXXX
Deposit amounts Need help? (2 digits)
$0 .USD (input the amount here)
$0 .USD

Your Second Bank Account:

Financial Institution Name : ETrade Bank
ABA or Routing Code : 256072691
Account Number : XXXXXXXX (same as above)

You see, etrade is a bank as well, they have another routing number. Obvious they use different account number for bank and security, so they can identify incoming deposit by account number.

After you get a deposit from paypal, you will see “Deposit Credited

Ok, here is the third bank account for you:

Financial Institution Name : Chase Bank
ABA or Routing Code : 021000018
Account Number : 104000000XXXXXXXX (XX is your 8-digit brokerage account number

After you get money from paypal, you will see “Deposit Credited“.

If you amazed why and how this work, because eTrade is a financial instituted and they have bank account at another bank as well, so when you deposit to another bank and use the right account number(belongs to etrade of course) followed by yours, it’s call “FBO”, for benefit of, just means eTrade will forward the money to your bank account later.

And, as I always do, I give bonus, here is more:

These two bank info are for use eTrade as a UK bank account, congratulations, you have a United Kingdom Bank account now as well.

Bank: Citibank
Address: The Strand, London, W2
Swift Code: CITIGB2L
Sort Code: 18-50-08
Account Number: 11222813XXXXXXXX
IBAN: GB76CITI18500811222813

Bank: Citibank
Address: The Strand, London, W2
Swift (or BIC) code: CITIGB2L
IBAN: GB98 CITI 18500811222805
Account number: 11222805XXXXXXXX

The last thing: don’t use Confirm instantly at paypal, because you do not truly have 3 account :) That’s all, happy banking.

Possibly related posts: (automatically generated)
Use E*Trade Securities Brokerage Account for Paypal 3 Times

6 Comments »

  Lebatam wrote @ March 31st, 2009 at 9:03 AM

Please am a young graduate ,i need us bank account to verify paypal. Send me list of bank account that create us account 4 maija

  Warren.rior wrote @ June 22nd, 2009 at 2:04 AM

You need have your own bank account, you can apply one at eTrade.

  Newbie wrote @ June 28th, 2009 at 7:52 PM

Hi. I’m from Asia. Does ETRADE USA still accept applicant from Asia? I see the link to Singapore branch when I choose my country.

Please confirm that.

Thank you.

  Warren.rior wrote @ July 8th, 2009 at 1:14 AM

Yes, as far as I know — they do.

  chyke wrote @ August 7th, 2009 at 7:18 AM

Hi,
How do i open a chase account or citibank account.I am a nigerian. Thanks

  mellow wrote @ October 12th, 2009 at 7:44 PM

Question…hope you can help me out.

So if add the third bank which is in London.

Bank: Citibank
Address: The Strand, London, W2
Swift Code: CITIGB2L
Sort Code: 18-50-08
Account Number: 11222813XXXXXXXX
IBAN: GB76CITI18500811222813

Does it mean money might take 7-10 days to transfer to etrade account?
Also is it gonna be in USD or GBP?

does etrade bank accounts support multi-currency?

cause i had my europe customer wired money to the account info above and it seems like i never got it.. didnt know whats the problem though.
please help me out guys… =(

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