Scottrade Sweep Program Account Balance

From your Scottrade brokerage account, click the My Account tab at the top to see your balance information. The Money Balances box displays your account information including brokerage account balance, Scottrade Sweep Program balance, settled funds, trades waiting for settlement and total money balance.

Money Balances

For both margin and cash accounts you will see:

Brokerage Account Balance - amount of settled funds that have not been swept to program banks

Sweep Program Balance - amount of funds that have been swept to program banks

Total Money Balance - all funds credited to the account, including added or subtracted funds from unsettled trades

For cash accounts only, you will also see the following:

Settled Funds - the amount of settled funds at Scottrade, Inc. that have not been swept to program banks

Total Trades Waiting for Settlement - total of sales waiting settlement and purchases waiting settlement

The graphic below provides an example of the Money Balances box in cash accounts.

For accounts that include margin, you will also see the following:

Cash Balance - money balance in cash portion of the account (debit or credit)

Margin Balance - money balance in margin portion of the account (debit or credit)

Short Stock Reserve - money set aside for buy back of short positions in the account, calculated each day based on the previous day's closing price of current short positions in the account

The graphic below provides an example of the Money Balances box in a margin account.

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Scottrade's margin agreement is available at scottrade.com, or through a Scottrade branch office, and contains the Margin Disclosure Statement and information on our lending policies, interest charges, and the risks associated with margin accounts.