Bank Accounts
A checking account is a type of financial service that provides a place for individuals to deposit money and generally withdraw funds at any time. Checking accounts are insured by the FDIC to the maximum amount permitted by law. Checking accounts allow you to write checks to pay debts or use ATM/Debit cards to make purchases, cash withdrawals and online payments for services rendered.
Scottrade Bank offers two types of checking accounts: standard checking (no interest) and interest checking. Both checking account types are available for a minimum deposit of $100, but you are required to maintain the $100 balance in order to accrue and be paid interest in an interest checking account. No interest is accrued or paid in a standard checking account.
For information on the withdrawal or deposit of funds to one of your Scottrade Bank checking accounts, visit the Knowledge Center.
| Scottrade Bank: Checking and Money Market Accounts Menu |
| Scottrade Bank: Interest Rate and Annual Percentage Yield |
| Scottrader FAQ: Scottrader FAQ |
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