Knowledge Center

Check Deposits

You may mail or drop off a check at your local Scottrade branch office.

Check Deposit Policy

Scottrade will usually accept the following if made payable to "Scottrade" or endorsed by the payee:

  • Personal checks written by the account holder
  • Cashiers 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
  • Third party checks from a non-Scottrade client
  • Checks written by the trade agent on an account
  • Personal checks written by someone NOT on the account who is NOT a Scottrade client
  • Corporate checks for deposit to individual accounts
  • Bank Drafts
  • Checks 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

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The information and content provided in the Scottrade® Knowledge Center is for informational and/or educational purposes only. The information presented or discussed is not, and should not be considered, a recommendation or an offer of, or solicitation of an offer by, Scottrade or its affiliates to buy, sell or hold any security or other financial product or an endorsement or affirmation of any specific investment strategy. You are fully responsible for your investment decisions. Your choice to engage in a particular investment or investment strategy should be based solely on your own research and evaluation of the risks involved, your financial circumstances and your investment objectives. Scottrade, Inc. and its affiliates are not offering or providing, and will not offer or provide, any advice, opinion or recommendation of the suitability, value or profitability of any particular investment or investment strategy.