Knowledge Center
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Scottrade Bank

Scottrade Bank is an online banking institution and funds deposited through Scottrade Bank are protected by the FDIC to the maximum extent permitted by law. Online banks perform the standard banking functions via the Internet. Online or Internet banking offers clients the ability to manage financial transactions in a secure online setting instead of through a physical bank.

Scottrade Bank Switch Kit

Use our five-step Switch Kit to move your bank account(s) to Scottrade Bank today so that you get excellent online banking service, minus the annoying fees.

Scottrade Bank FAQs

Find the answer to frequently asked questions about opening an account with Scottrade Bank, funding your account, account maintenance, Online Bill Pay and your Scottrade Bank ATM/debit card.

Getting Started

To be eligible to open a Scottrade Bank account, you must have one of the following Scottrade brokerage account types: individual, joint, trust, traditional IRA or roth IRA.

Transfers, Deposits & Withdrawals

You can track the transfers, deposits and withdrawals made through your Scottrade Bank account from the Banking tab of your brokerage account.

Scottrade Bank ATM/Debit Cards

Scottrade Bank ATM/debit cards are available for checking, savings and money market accounts at no charge. When you open a savings, checking or money market account, you can register for a Scottrade Bank ATM/debit card through Bank Online Apply. Once you have an account with a Scottrade Bank ATM/debit card, other eligible Scottrade Bank accounts opened under the same brokerage account will be linked to your original card.

Account Maintenance & Services

The Account Maintenance & Services section of your Scottrade Bank online account enables you to download your transaction history for the past 18 months, modify the display names of your Scottrade Bank account, place stop payment requests on a check or a range of checks you wrote or misplaced, order checks for an eligible Scottrade Bank account and change your telephone banking PIN.

Online Bill Pay

Scottrade Bank offers the ability to pay bills online for clients with checking or money market accounts. To pay bills online using funds from an eligible Scottrade Bank account, go to the Banking tab of your brokerage account and click Online Bill Pay in the left navigation menu. Before you can begin paying bills online, you will be asked to read and accept the Online Bill Pay Agreement.

Statements & Notices

Scottrade Bank account statements and automatic notifications are archived in the Banking tab of your account. You can view your statements or notices at any time.

Telephone Banking

Scottrade Bank Touchtone is an easy way to check your account information from any telephone. To access your Scottrade Bank account details over the phone, dial 1-800-SCOTTRADE (1-800-726-8872). This guide is designed to help you set up Scottrade Bank Touchtone and use it efficiently.

Scottrade Bank does not issue a charge for cash withdrawals made at any domestic ATM. We will refund all reasonable cash withdrawal fees applied to your account by a domestic U.S. ATM at the end of each statement cycle. The rebate will appear as a lump-sum credit on the same statement that incurred the initial ATM fees. If you close your account before the end of the statement period, you will not receive a refund. Scottrade Bank makes its best effort to identify those ATM fees eligible for refund. In the event that you do not receive a refund, please contact your local Scottrade brokerage branch office. We reserve the right to terminate or limit reimbursements if we observe a pattern of fraud or abusive overuse, and to modify or discontinue the ATM fee refund program at any time.

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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.