Transferring Funds

You can easily transfer funds from one account to another using Scottrade Bank's online transfer page. Note that you may not transfer funds directly from your Scottrade brokerage account to an external account without first transferring the funds through Scottrade Bank.

Savings and money market accounts are limited to six withdrawals per month. Please note that this does not include ATM withdrawals or transfers by mail.

Transfer Funds from your Scottrade Bank Account to your Scottrade Brokerage Account or to one of your External Accounts:

  1. From the Banking tab in your Scottrade account, click Transfer funds in the left navigation menu.
  2. On the Transfer Funds page, select which account you want to transfer the money from and which account you want the money transferred to using the drop-down account boxes provided.
  3. Enter the amount of money you want to transfer in the Amount field provided. Do not use any punctuation or spacing; numbers only.transfer amount.png
  4. Choose a frequency. You can choose to have the funds transferred immediately or set up a scheduled transfer time.

IRA Distributions

Transfer Funds from your Scottrade IRA to your Scottrade Bank account:

Note: This only applies if you are 59 ½, and only normal distributions are supported via self-service. For any other distribution type, please fill out an IRA Distribution Request form and return it to your local Scottrade team:

  1. From the Banking tab in your Scottrade account, click Transfer funds in the left navigation menu.
  2. On the Transfer Funds page, in the From Account drop-down menu, choose Brokerage Account. In the To Account drop-down menu, select Scottrade Bank.
  3. Enter the amount of money you want to transfer in the Amount field provided. Do not use any punctuation or spacing; numbers only.
  4. Choose a frequency. You can choose to have the funds transferred immediately or set up a scheduled transfer time.

If you would like the funds to be transferred immediately:

  1. Select Immediately and click Continue.
  2. Review your transfer information and click Submit Transfer to finalize the transaction.

Note: Depending on the type of transfer being initiated, there may be a delay in funds settlement. View the graphic below for clarification.

If you would like to schedule a transfer time for your funds:

  1. Select Scheduled as your Frequency.
  2. Chose how often you would like the funds to be transferred in the second frequency drop-down box. You can place a single scheduled transfer, or you can create reoccurring transfers that take place from a weekly basis up to twice a year.
  3. Enter the date you want the transfer(s) to begin in the Starting box in mm/dd/yyyy format. You can do this manually or by using the calendar icon to the left of the box provided.
  4. Enter the date you want the transfer(s) to end in the Ending box in mm/dd/yyyy format. The date may be entered manually or by using the calendar icon to the left of the Transfer Date entry fields. You can also choose to continue the transfers indefinitely by checking the No End Date box below the Ending entry field.
  5. Click Continue.
  6. Review your transfer information. You can modify incorrect information at this time. When you are satisfied that the information you provided is complete and accurate, click Submit Transfer to finalize the transaction.

Stopping a Transfer Funds Order with No End Date:

If you choose to apply the No End Date functionality to a reoccurring transfer, you can end the transfer at any time from the Banking tab of your Scottrade account and selecting Scheduled Transfers from the Transfer Funds menu. To end a reoccurring transfer, click the Delete link corresponding to the transfer you want to stop.

You can also transfer funds between accounts by calling Scottrade Bank's automated telephone banking system at 1-800-SCOTTRADE (1-800-726-8872).