You need a Bumped brokerage account to receive and hold your stock rewards. Brokerage accounts at Bumped are serviced by Bumped Financial LLC, member FINRA/SIPC and held at APEX Clearing Inc. Bumped Financial LLC is a wholly owned subsidiary of Bumped Inc.
Right now, to get a Bumped brokerage account you need to be 18 years of age, a U.S. citizen, or a Permanent Resident with a valid social security number.
At this time we aren’t opening Bumped brokerage accounts for people affiliated with an exchange or the Financial Industry Regulatory Authority (FINRA). We also aren’t currently opening accounts for executive officers, directors, or 10% owners of publicly traded companies. We will keep you posted if this changes.
To check those requirements, we will ask for your full legal name, address, phone number, date of birth, Social Security Number (SSN), employment status, and income during sign up. In some cases, we may need to request additional documentation as part of our identity verification process. We’ll get in touch and walk you through how to send this additional documentation if that’s the case.
In some cases, we may not be able to open a brokerage account for a customer. We will notify you within 30 days after receiving your application if that’s the case.