Check Deposits

You may mail or drop off a check at your local Scottrade branch office.

Check Deposit Policy

Scottrade will usually accept the following if made payable to 'Scottrade' or endorsed by the payee:

  • Personal checks written by the account holder
  • Cashiers checks
  • Money Orders
  • IRS/tax refund check
  • Personal check written by someone NOT on the account, but IS a Scottrade client

Scottrade may accept under CERTAIN CIRCUMSTANCES*:

  • Credit card check (not acceptable to open an account)
  • Third party check from a financial institution
  • Payroll check
  • DBA (Doing Business As) check
  • Foreign Check

Scottrade will NOT accept:

  • Travelers Checks
  • Third party checks from a non-Scottrade client
  • Checks written by the trade agent on an account
  • Personal checks written by someone NOT on the account who is NOT a Scottrade client
  • Corporate checks for deposit to individual accounts
  • Bank Drafts
  • Checks drawn on a partnership for deposit to an individual member of that partnership
  • Post-dated checks

*Scottrade management has the discretion to refuse a check for any reason