Scottrade Brokerage Cash Management Tips

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For information about transferring money between your Fidelity and bank accounts, see Transferring Money or Shares. From what kinds of accounts can I withdraw money? You can withdraw money via check from most non-retirement accounts. There are some restrictions which may prevent withdrawals from being requested online. These restrictions are in place to protect customers. Top Are there any fees for requesting a check?

No fees are assessed for requesting a distribution from your account in the form of a check. If a mutual fund is sold in order to honor your request, however, fees may apply. Is there a penalty for withdrawing my money? No penalties are assessed for withdrawing your money from your non-retirement account via check. The address that appears for me is wrong. How do I change it? To change the address to which a check will be sent, first update your mailing address by clicking Update My Mailing Address.

Once you update your mailing address, return to the Withdraw Money screen and process your request. To protect against fraud, after you change your address, the amount you can withdraw online is reduced.

If I change the address on my account, how long must I wait to make a withdrawal by check? If you've changed the address on how to withdraw funds from scottrade brokerage account account, you don't have to wait to make a withdrawal by check.

What's the maximum I can request to withdraw from my account? What are the minimums and maximums for online cash transfers?

How long will it take for me to receive my check? Depending upon mail delivery in your area and the type of account how to withdraw funds from scottrade brokerage account which you are withdrawing money, it generally takes between three to five days to receive your check once you've requested it. Can I have a withdrawal sent by check to someone other than me? At this time, online requests for a withdrawal by check can only be sent to your address of record and may be payable only to the account owners on file.

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