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Scottrade is a member of the Securities Investor Protection Corporation (SIPC), which protects securities held by investors up to $500,000, including a maximum of $100,000 in cash claims*. A brochure with the details of SIPC protection is available at www.sipc.org There is a good chance your cash at Scottrade will be involved in the bank sweep program allowing you to pick up FDIC insurance rather than FDIC eliminating issues related to the disclaimer below. If you are unsure call your local Scottrade branch.
*In order for cash to be covered by SIPC or excess SIPC, cash held in an account must be for the purpose of, or as a result of, securities transactions. Cash held in a securities account for the purpose of earning interest, which was not the result of a securities transaction, may not be covered by SIPC or excess SIPC.
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What is the minimum to open an account with Scottrade?
$500 is the minimum to establish an account with Scottrade.
If you open a Scottrade account and then move overseas does Scottrade close your account?
Scottrade requires that you have a permanent address in the US. If they were to find out that you were no longer living in the US they would indeed close the account.
Where can one open a Scottrade account?
If you visit the Scottrade website it has instructions for completing an online account application, or for filling out the forms and mailing an account application.
What information is required for one to open an account with Scottrade?
To open an account with Scottrade one needs to supply one's full name and address. To open an account one will also need to supply a valid email address and a phone number.
What is the purpose of Scottrade Elite?
Scottrade Elite is an application considered an advanced trading platform. The program will help organize and optimize trading needs. The service is only available to Scottrade clients with $25,000 or more in their primary account.
What is cash account?
what is a cash account
Is cash in transit account receivable or cash account?
why do you debit cash account and credit receivables for cash in transit
How does one access their Scottrade Login?
scottrade has a secure customer login. the user is provided with a account number and a password. the site is norton secured and also includes personal security questions for greater security.
Are need cash loans safe to get?
Cash advance loans are easy to get if you meet the qualifications. You have to have decent credit, a checking account, and a job. Then you can get one at Rent To Own or any cash advance place.
How can one keep their cash safe in their home?
One can keep their cash safe in their home by storing the cash in a safe deposit or a locker cabinet. If keeping any valuables in any of these storage, make sure they have a security component, which allows one to generate passwords. However, it is wiser for one to deposit their money in their bank account.
Is cash account temporary account?
No cash account is a permanent account. as u treated cash as a debit element in General journal against of Capital. Capital is a permanent account so cash too.
Is scottrade public?
No, Scottrade is a private company.
