Deposits

Checking, savings and money market accounts require an initial deposit of $100, and the minimum deposit for CDs is $500. After the opening deposit, you can add funds to your Scottrade Bank account using any of the methods listed below.

Internal Funds Transfers

Transfer available funds to your Scottrade Bank account from an associated Scottrade Bank or brokerage account.

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.

Deposit a Check

Deposit funds to a Scottrade Bank account by mailing a check and deposit ticket to Scottrade Bank's remittance center.

Wire Fund Deposits

To wire funds to your Scottrade Bank account, you will need to provide Scottrade Bank's wiring instructions to the depositing institution.

Scottrade Bank cannot accept cash deposits or debit/credit card deposits.

You can also deposit funds into your associated Scottrade brokerage account, and then transfer them into your Scottrade Bank account. Visit the Knowledge Center for instructions on making a deposit to brokerage accounts.

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.