Q:

How do you sign up for an account with J.P. Morgan Bank?

A:

Quick Answer

The J.P. Morgan website has a page where a user can request a prospectus and a new account kit. The prospectus describes the fees associated with account management, as well as other expenses. The new account kit contains information specific to the type of account the investor is seeking, an application and postage-paid envelope. The user fills out the application and sends it back along with a check for the funds he wishes to deposit, explains J.P. Morgan Asset Management.

Continue Reading

Full Answer

J.P. Morgan offers a variety of investment accounts and services and prior to opening an account, the investor should read carefully through the prospectus, advises the company website. The prospectus contains descriptions of these accounts along with the financial objectives for which each type of fund is most appropriate. The new account kit also includes details about the company's investment strategy, holdings and information regarding fund performance.

J.P. Morgan offers traditional investment accounts, many of which require only $1,000 to open. It also offers shares of its funds for purchase as a tax-sheltered individual retirement account, or IRA. An investor may open an IRA directly through the company, and investors who maintain at least $10,000 in their account receive a waiver of the annual fee, according to J.P. Morgan Asset Management.

Learn more about Bank Accounts

Related Questions

Explore