Product Feature Comparison
Online banking is easy and convenient at Scottrade. We offer a variety of features with each of our bank accounts, including Online Bill Pay, to help you manage, move and access your money. Our ATM Fee Reimbursement Program allows you to receive a refund on ATM fees.** Plus, there are no account set-up or maintenance fees and no minimum balance requirement for interest-bearing accounts.
The chart below will help you compare features and choose the online bank account that best aligns with your needs and financial strategy.
|Account Features||No-Interest Checking||Interest Checking||Savings*||Money Market*||Certificate of Deposit (CD)***|
|Minimum Deposit to Open||$100||$100||$100||$100||$500|
|Minimum Balance to Earn Interest||n/a||$100||$100||$100||$500|
|Account-to-Account Funds Transfer||Yes||Yes||Yes*||Yes*||Initial deposit only|
|External Funds Transfer (ACH)||Yes||Yes||Yes*||Yes*||Initial deposit only|
|Direct Deposit and Debit||Yes||Yes||Yes||Yes||No|
|Wire Transfer||Yes||Yes||Yes*||Yes*||Initial deposit only|
|Online Bill Pay||Yes||Yes||No||Yes*||No|
Overdraft protection is available for all accounts, except CDs.
Federal law limits the number of certain withdrawals on any savings account or money market account to 6 per month. Withdrawals at ATMs are not subject to federal limits.
Scottrade Bank does not issue a charge for cash withdrawals made at any domestic ATM. We will refund 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 Scottrade Bank® Support at 855.265.2265. 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.
Early withdrawals are subject to penalties. Fees could reduce earnings.