You need a Bumped brokerage account to receive and hold your stock, ETFs, or other rewards. Bumped brokerage accounts are serviced by Bumped Financial LLC, member of FINRA and SIPC, and held at Apex Clearing Inc. Bumped Financial LLC is a wholly-owned subsidiary of Bumped Inc.
Bumped brokerage account requirements
Right now, to get a Bumped brokerage account, you need to be at least 18 years old, a U.S. citizen, or a Permanent Resident of the U.S. with a valid social security number.
At this time, there may also be additional considerations or requirements for people affiliated with an exchange or FINRA, or for executive officers, directors, or 10% owners of publicly traded companies.
We’re also regulatorily required to—within the best of our abilities—verify the identity of anyone signing up for a Bumped brokerage account
The brokerage application process
To check those requirements and help verify we can open a brokerage account for you, we’ll ask for several pieces of information during sign-up, including:
- Full legal name (you can also let us know what you’d prefer we call you)
- Residential address
- Phone number
- Date of birth
- Social Security Number
- Employment status
We may also need to request additional documentation as part of our identity verification process. We’ll email you, let you know what we need, and walk you through how to send us more info if that’s the case.
In some cases, we may not be able to open a brokerage account for someone. We will notify you within 30 days if that’s the case.