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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
Monthly Fees None None None None None
Check Writing Yes Yes No Yes* None
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
ATM/Debit Card Yes Yes Yes* Yes* No
Online Bill Pay Yes Yes No Yes* No
Mobile Banking Yes Yes Yes Yes Yes
Telephone Banking Yes Yes Yes Yes Yes

 

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.