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:
- 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.
** Early withdrawals are subject to penalties. Fees could reduce earnings.
1Federal law limits the number of certain withdrawals on any savings account or money market account to six per month. Withdrawals at ATMs and in person at a bank branch are not subject to federal limits.