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Scottrade Products & Services

Account Funding Options

Money DirectTM - Instantly and Securely Fund Your Account

Easily, quickly and securely transfer funds online into your Scottrade account(s). Money DirectTM (ACH) facilitates same-day online fund transfers from your bank into any of your individual, joint, IRA, ESA or SEP accounts with Scottrade.

  1. Log into your account and click the My Account tab.
  2. Select Deposits from the left-hand margin.
  3. Click Use Money Direct.
  4. Select the accounts to add, populate required fields and click continue.

If your bank participates in an ACH network or if you're a first time Money Direct user whose account is verified by instant account verification, you can use Money Direct and transact the same day. If you use the challenge deposit method, you may have to wait up to three business days. New and existing clients will be given credit for the transfer the day it is requested, as long as the request is made prior to 8:45 p.m. (ET) Monday through Friday. Transfer instructions received on a non-business day or after the specified cutoff time will be processed the next business day around 6:00 a.m. (ET). For the first three business days, clients will be restricted to purchase only marginable securities priced at or above $4.00 per share (No options or non-marginable securities).

Deliver a Check or Stock Certificates to Your Local Branch Office

If you would like to deposit a check, you may mail or drop off a check or stock certificates to your local Scottrade branch office.

Scottrade will usually accept:

  • Personal checks written by the account holder
  • Cashier’s 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
  • Checks written by the trade agent on an account
  • Bank Drafts
  • Check 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.

Transfer an Existing Account

To transfer an existing account from any other firm to Scottrade, submit a completed Account Transfer form (may be obtained from the Forms Center online or at your local branch office) along with a copy of your account's most recent monthly statement. You can mail, fax or drop these off at your local branch office.

Wire Transfer

To wire transfer funds from your financial institution directly into your Scottrade account, you will need to provide the following information to your financial institution:

US Bank, 721 Locust Street, St. Louis, MO 63101
ABA: 081000210
Scottrade Account Number: 1001086162
Scottrade's Complete Mailing Address:
P.O. Box 31759 St. Louis, MO 63131-0759
Further Credit to: {Your Scottrade Account Number
and Account Title}

Please be sure your financial institution includes the words "further credit" followed by your Scottrade account number and account title.

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Brokerage Products and Services offered by Scottrade, Inc. – Member FINRA and SIPC.

No information on this web site should be considered a recommendation or solicitation to invest in a particular security or type of security.

Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund carefully before investing. A mutual fund's prospectus contains this and other information about the mutual fund. Prospectuses are available through our trading site or through a Scottrade branch office. The prospectus should be read carefully before investing.

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 on our web site and at our branch offices; and contains the Margin Disclosure Statement and information on our lending policies, interest charges, and the risks associated with margin accounts. Options are not appropriate for all investors. Detailed information on our policies and the risks associated with options can be found in Scottrade's Options Application and Agreement, Brokerage Account Agreement, and Characteristics and Risks of Standardized Options (available from your local branch office or here). All option accounts require prior approval by Scottrade.

Market volatility, volume, and system availability may impact account access and trade execution.