Bank Getting Started

To be eligible to open a Scottrade Bank® account, you must have $500 in equity* in one of the following Scottrade® brokerage account types:

  • Individual
  • Joint
  • Trust
  • Traditional IRA
  • Roth IRA
  • SEP IRA

To open a Scottrade Bank® account, you'll need to login and click the Banking tab. Follow the instructions provided to open the Scottrade Bank® account type of your choice:

After you have completed the online process for opening a Scottrade Bank® account and deposited funds into your account, use the Banking tab to manage and track your banking activities and needs.

*In this instance, equity is defined as Total Brokerage Account Value minus Recent Brokerage Deposits on Hold.

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Federal law limits the number of certain withdrawals on any savings account or money market account to 6 per month. Withdrawals at ATMs are not subject to federal limits.