Zecco Eliminates Paperwork in Account Application

I got an email a couple of days ago from Zecco [Affiliate link] about their new online account application process which eliminates all the paperwork for accounts opened after May 10, 2007. Here’s the section from their FAQs page regarding the e-signature account application:

I signed the online application form electronically. Do I need to mail or fax a hardcopy of the application documents too?

If you applied for an Individual or Joint account on or after Thursday, May 10th, and you have a US Social Security Number, you’re all set. However, if you either:

  • applied prior to Thursday, May 10th for any account
  • applied on or after May 10th, but you were asked to mail your documents
  • applied for an IRA account
  • do not have a US Social Security number:

please provide your required paperwork:

  1. Fax (909) 657-6638 or e-mail us copies of your required documents.
  2. Also, you’ll need to print, sign and send the original required documents to Zecco Trading, P.O. Box 4328, Ontario, CA 91761.

Note: your account will be suspended if you do not send the original signed paperwork.

  • E-mail me a copy of my application
  • Mail me a copy of my application

I applied for an Individual Account (or a Joint Account) prior to May 10th. Do I need to send the required documents?

Yes. Please:

  1. fax (909) 657-6638 or e-mail us copies of your required documents.
  2. also, you’ll need to print, sign and send the original required documents to Zecco Trading, P.O. Box 4328, Ontario, CA 91761.

Note: your account will be suspended if you do not send the original signed paperwork.

  • E-mail me a copy of my application
  • Mail me a copy of my application

The change will definitely speed up the account application process as I heard they got plenty of orders before the tax day. On the other hand, it’s still showing on their website a minimum of $2,500 for opening an account. I am wondering if last month’s promotion ($1,000 minimum) has expired or not (Edit: Just confirmed with Zecco that the promotion has expired and the account minimum now remains at $2,500).

I still haven’t made up my mind whether to get an account myself because I don’t trade a lot now. The $7 commission at Scottrade ($6.95 at Firstrade) isn’t really such a big deal if I only buy a couple times a year. Firstrade now becomes my main brokerage when making new purchase because Scottrade doesn’t have dividend reinvestment service.

This article was originally written or modified on . If you enjoyed reading this post, please consider subscribing to my full RSS feed. Or you can also choose to have free daily updates delivered right to your inbox.


Author Info

This post was written by Sun You can find out more about Sun and his activities on Facebook , or follow him on Twitter .

Comments are closed.