Scottrade Bank – Easy Money Management with the Value of Free Checking
Scottrade Bank helps you to easily move money and implement your financial strategy with a free checking account that can be linked directly to your Scottrade brokerage account, adding the convenience of single-login access.
Plus, you get your choice of account types, helping you to easily manage your money, your way. Earn interest on the funds in your checking account, take advantage of Online Bill Pay, open a savings account or enjoy the benefits of an interest-bearing Money Market1 account available with no monthly maintenance fees or minimum balance requirement – and all accounts include a fee-free Scottrade Bank® ATM/Debit Card backed by our ATM Fee Reimbursement Program covering most cash withdrawals*.
Your account also features the ability to monitor your financial transactions and manage your account in a secure online setting, even from your favorite mobile device, with no monthly service fees or minimum deposit requirements.
Source: Bankrate. Data are from an annual survey conducted in September 2013.
Extra Convenience, with No Maintenance or ATM Withdrawal Fees.
Are you tired of paying the ever-increasing fees associated with your current bank account? Make the switch to Scottrade Bank, and you’ll get all the convenience you expect from a bank, with the added bonus of a low-cost, no monthly fee account:
- Save an average of $300 per year in service fees** with Scottrade Bank
- No ATM Fees –make cash withdrawals anytime, anywhere nationwide and get the fees refunded through our ATM Fee Reimbursement Program*
- No minimum balance requirement or monthly maintenance fee
- Interest-bearing account options
- Free standard checks and Online Bill Pay
- Direct deposit available
- Can link with your Scottrade brokerage account for easy money movement
- FDIC-insured, to the maximum amount permitted by law
Scottrade gives you the added convenience of linking multiple banking accounts with your Scottrade brokerage account, assuring easy money movement and access.
1Federal law limits the number of certain withdrawals on any savings account or money market account to 6 per month. Withdrawals at ATMs and in person at a bank branch are not subject to federal limits.
*ATM Fee Reimbursement Program: Scottrade Bank does not issue a charge for cash withdrawals made at any domestic ATM. We will refund all reasonable cash withdrawal fees applied to your account by a domestic U.S. ATM at the end of each statement cycle. The rebate will appear as a lump-sum credit on the same statement that incurred the initial ATM fees. If you close your account before the end of the statement period, you will not receive a refund. Scottrade Bank makes its best effort to identify those ATM fees eligible for refund. In the event that you do not receive a refund, please contact your local Scottrade brokerage branch office. We reserve the right to terminate or limit reimbursements if we observe a pattern of fraud or abusive overuse, and to modify or discontinue the ATM fee refund program at any time.
**Savings based on an average customer who makes three out-of-network ATM withdrawals per month and incurs a monthly service fee on an interest-bearing bank account. Data based on BankRate’s 2013 Checking Survey.