Citizens Account Type

Citizens offers various types of brokerage accounts to meet different investment needs. The primary account types include:

• Individual Accounts: Suitable for a single account holder, allowing full control over investments.
• Joint Accounts: Shared accounts for two individuals, providing equal authority and rights over the account.
• Retirement Accounts: Such as Traditional IRAs and Roth IRAs, designed for retirement savings with tax advantages.
• Trust Accounts: Accounts held in the name of a personal trust, either revocable or irrevocable, for estate planning purposes.

These accounts enable investors to trade a range of securities, including stocks and ETFs, and may come with features like automatic sweep options for idle cash balances.

Citizens Broker Account Opening Process

Opening a brokerage account with Citizens involves several straightforward steps:

• Log In to Digital Banking: If you are an existing customer, log in to your Citizens digital banking account.

• Select Account Type: Choose the type of account you wish to open (e.g., individual, joint, IRA).

• Complete the Application: Fill out the necessary information, including your Social Security number, proof of U.S. citizenship, and legal address.

• Submit the Application: Once you have provided all required details, submit your application.

• Account Approval: You will receive a response regarding your application status within 2 to 3 business days.

• Fund Your Account: After approval, transfer funds into your new account from any U.S.-based bank account.

• Start Investing: Once your account is funded, you can begin trading and managing your investments through the Citizens platform.

For more detailed information, you can visit the Citizens website: Citizens Brokerage.