Help & How To | Funds Settlement Schedule and Limits

Funds Settlement Schedule and Limits

In This Section

Depending on the type of transfer being initiated, there may be a delay in funds settlement. View the graphic below for clarification.

* Transfers initiated on a weekend or holiday will settle in two business days.

Deposit Funds Electronically (ACH)

Transfer available funds between Scottrade Bank accounts and external bank accounts. Your external account must be registered with Scottrade Bank before funds can be transferred. Once an external account has been registered, follow the Knowledge Center instructions for transferring funds. Funds transferred from an external bank account to Scottrade Bank will be made available no later than the fourth business day after the day of your original deposit.

Please note that the limits listed above are based on a rolling cycle starting the date of your last deposit.

ACH Deposit Holds

A four-day hold will be placed on ACH deposit transactions originating from external bank accounts. Transferred funds will not be available during the hold period while Scottrade Bank verifies the funds. During this time, your funds on hold will be calculated into the "current balance" of your account but they will not be included in your "available balance" for immediate withdrawal. However, you will earn interest on your "current balance" amount.

Withdraw Funds Electronically (ACH)

Available funds from Scottrade Bank checking, money market and savings accounts can be transferred to registered external accounts. To register an external account, go to the Banking tab, click Transfer Funds from the left navigation menu and then choose Add External Account. Once an account has been registered, follow the Knowledge Center instructions for transferring funds. Please note that savings and money market accounts are limited to six withdrawals per month. For other ACH withdrawal limits, please see the chart below.

Please note that the limits shown above do not apply to Online Bill Pay transfers.

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Online market and limit stock trades are just $7 for stocks priced $1 and above. Additional charges may apply for stocks priced under $1, mutual fund, and option transactions. Detailed information on our fees can be found in the Explanation of Fees (PDF).

You must have $500 in equity in an Individual, Joint, Trust, Traditional IRA, Roth IRA, or SEP IRA account with Scottrade to be eligible for a Scottrade Bank® account. In this instance, equity is defined as Total Brokerage Account Value minus Recent Brokerage Deposits on Hold.

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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. The Margin Disclosure Statement and Agreement (PDF) is available for download, or it is available at one of our branch offices. It contains information on our lending policies, interest charges, and the risks associated with margin accounts.

Options involve risk and are not suitable for all investors. Detailed information on our policies and the risks associated with options can be found in the Scottrade Options Application and Agreement, Brokerage Account Agreement, and by downloading the Characteristics and Risks of Standardized Options and Supplements from The Options Clearing Corporation, or by requesting a copy from a Scottrade branch office. Supporting documentation for any claims will be supplied upon request.

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