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Pastimes : ETRADE Sucks! -- Ignore unavailable to you. Want to Upgrade?

To: R Jennings who wrote (732)	10/31/1997 12:34:00 PM
From: RealMuLan	Respond to of 3262

If you transfer everything out, you don't need to write a check. (I think you will have to use different forms for transferring the whole account or part of the account). Everything will go to your new account, of course, less than $20 E-trade will charge you from you cash balance. As a matter of fact, I was charged twice. Because I didn't know I could not have higher than 25% of margin when I transferred for 1st time. Datek will not accept any account with higher than 25% margin, and it is your own responsibilty to make sure of that. Datek won't check your margin until they receive everything, and then they will reject. So I ended up missing two weeks of trading, and the chance to get rid of a lousy stock, and paid $20 for nothing, and came back to E-trade after 2 weeks of hussel. Only after I brought down my margin below 25% after two months, I transferred for the second time. And of course, I was charged for another $20. If you don't want to pay, that means you will have to keep your account open and leave at $2000 worth of stocks.