Offers/Terms Disclosures

OTC-010: ACAT Offer

Scottrade will reimburse the account transfer fees up to $100 charged by another broker when you transfer your account with a value of $10,000 or more to Scottrade. You must apply for the fee reimbursement offer by completing and submitting a Scottrade Account Transfer Reimbursement Request form and a statement providing proof of imposed transfer fees. Account Transfer Reimbursement Request forms and proof of transfer fees can be mailed, faxed or personally delivered to your local Scottrade® branch office. Reimbursement will be made to your account via a credit within 30 days of receipt of the Account Transfer Reimbursement Request form and proof of transfer fees. The transfer reimbursement does not currently have a termination date. However, Scottrade reserves the right to terminate this offer at any time without prior notice or extend the offer at its sole discretion. Void where prohibited.

OTC-020: Free Trades

Referee must be a new customer to Scottrade (existing account holders ineligible). Both referrer and referee will receive three free online trades when the referee opens a qualified account. Free trades will be credited within 24 hours of account opening and ReferALL code validated. Free trades expire in six months.

Free online trades will be credited to a Scottrade account to be used during the next three online equity or option, market or limit, good until cancelled (GTC) or day orders placed for stocks priced above $1. All other fees still apply, including, but not limited to, commissions and/or fees charged for trades in securities priced below $1. Visit the Referral Program Rules page for full details.

OTC-030: FRIP

Only those securities considered marginable by Scottrade are eligible for purchase. Read the Flexible Reinvestment Program® Terms and Conditions for additional details.

OTC-040: Money Direct

Individual, joint and IRA (excluding Rollover and Employer SEP) accounts are eligible for Money Direct. If your bank participates in an ACH network or if you’re a first-time Money Direct user whose account is verified by instant account verification, you can use Money Direct and transact the same day. If you use the challenge deposit method, you may have to wait up to three business days. New and existing clients will be given credit for the transfer the day it is requested, as long as the request is made prior to 8:45 p.m. ET Monday through Friday. Transfer instructions received on a non-business day or after the specified cutoff time will be processed the next business day around 6 a.m. ET. For the first three business days, clients will be restricted to purchase only marginable securities priced at or above $4 per share (no options or non-marginable securities).

OTC-050: Money Direct

Certain conditions may apply based on account eligibility, bank participation, processing cutoff times and types of securities purchased. Please contact your local branch or visit www.scottrade.com/funding for more details.

OTC-060: Money Direct - SAS

Individual, joint and IRA (excluding and Employer SEP) accounts are eligible for Money Direct. If your client’s bank participates in an ACH network or if they’re a first time Money Direct user whose account is verified by instant account verification, they can use Money Direct and transact the same day. If they use the challenge deposit method, they may have to wait up to three business days. New and existing clients will be given credit for the transfer the day it is requested, as long as the request is made prior to 8:45 p.m. ET Monday through Friday. Transfer instructions received on a non-business day or after the specified cutoff time will be processed the next business day around 6 a.m. ET. For the first three business days, clients will be restricted to purchase only marginable securities priced at or above $4 per share (no options or non-marginable securities). 

OTC-070: Privacy Statement

We are very committed to protecting the privacy of your personal information and will not sell, rent or license this information to anyone. We may use your personal information to notify you of useful products or services and send email communications such as newsletters, new client information, event invitations and offers. You will always have the option to unsubscribe from any promotional email communications from Scottrade, Inc. Please refer to our Privacy Statement for more information.

OTC-080: Professional Designation / Subscription Accounts Disclosure

Professional designation based on account type or holder as defined by the exchanges. Scottrade deems account designation based on subscriber status

OTC-090: Professional Designation / Subscription Conditions Disclosure

Investors opening standard accounts may be considered Professional Subscribers if certain conditions are met, which include the type of account being opened and/or an account holder's occupation. For assistance in determining your subscriber status, please read the Knowledge Center article Subscriber Status or contact Scottrade.

OTC-100: SAS - Transfer Reimbursement Program

Scottrade® Scottrade Advisor Services may, in its sole discretion, reimburse account transfer fees up to $100 charged by another broker to the clients of qualifying advisors when an account or household of accounts with a total value of $50,000 or more is transferred to Scottrade. Household is defined by mailing address. The transfer reimbursement does not currently have a termination date. However, Scottrade Advisor Services reserves the right to extend or terminate this offer at any time without prior notice. Void where prohibited.

OTC-110: Small Cap Equities

Investments in stocks of small companies involve additional risks. Smaller companies typically have a higher risk of failure, are less liquid and are not as well-established as larger blue-chip companies. Historically, smaller company stocks have experienced a greater degree of market volatility than the overall market average.