Best brokerage checking accounts

Best Brokerage Checking Accounts


Below we list online brokerage firms with checking accounts (free check writing privileges) in 2014. As you can see, TD Ameritrade (review) and Scottrade (review) offer the best combination of free online broker checking account and the quality of brokerage services.



best brokerage checking account

4-star brokerage firm rating

TDAmeritrade review


TD Ameritrade Checking Account Details


  • No monthly maintenance fees, no minimum balance requirements
  • Unlimited check writing and free standard 100 checks re-orders
  • Free online bill pay
  • Avoid ATM fees—you get reimbursed for any ATM charges nationwide
  • Easily move money between TD Ameritrade accounts
  • Cash earns 0.01% APY


Commissions and Investment Products

InvestmentsCommissions
Stocks and ETFs $9.99
Stocks and ETFs broker assisted $49.99
Stocks and ETFs interactive voice response (IVR) telephone system $34.99
Options $9.99 + $0.75 per contract
No-load mutual funds $49.99
Treasuries at auction $25
All other bonds and CMOs, CDs on a net yield basis
Futures $2.25 per contract (plus exchange & regulatory fees)
Forex Non-commission currency pairs trade in increments of 10,000 units (and do not contain a "#" symbol suffix). There are no additional fees or charges.

Investments stocks, mutual funds, options, ETFs, bonds, CDs, UITs, futures, and forex
TD Ameritrade\TDA minimum deposit to open account $0 for cash account, $2,000 for margin account
FeesTD Ameritrade fees
TD Ameritrade login, TD Ameritrade promotions and TD Ameritrade referral


Read Full Review

TD Ameritrade Review


Open TD Ameritrade Checking Account

Trade free for 60 days + get up to $600.



best brokerage checking account

4.5-star brokerage firm rating

Scottrade Review

Scottrade Checking Account Details


  • 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
  • Enjoy the convenience of online banking with no maintenance, withdrawal, transfer or ATM fees, including most cash withdrawal fees charged by other banks ATMs
  • Overdraft protection, provided by linking your bank accounts
  • Free online bill pay
  • For added convenience and access, your card can be linked from your primary account to other eligible Scottrade Bank accounts opened under the same brokerage account


Commissions and Investment Products

InvestmentsCommissions
Stocks and ETFs $7
Stocks and ETFs broker assisted $32
Stocks and ETFs interactive voice response (IVR) telephone system $32
Options $7 + $1.25 per contract
Mutual funds 3,000+ commission-free NTF funds, $17 for others
CDs, OTC Secondary Corporates, OTC Secondary Municipals,
U.S. Treasury Bills, Notes, Bonds and STRIPS, New Corporate Offerings
subject to a markup or markdown
Listed Corporate Bonds $35 + $3 per bond (minimum investment $1,000)
Unit Investment Trusts (UIT) $50 liquidation fee
Foreign Stocks Transferring In or Out $60 per transaction

Investments stocks, options, mutual funds, CDs, munis, U.S. Treasury, Canadian and foreign stocks, ETFs
Scottrade minimum deposit to open account $500 for a cash account, $2,000 for a margin account
FeesScottrade fees
Scottrade login, Scottrade promotion


Read Full Review

Scottrade Review


Open Scottrade Checking Account

$100 in Transfer Fees Refunded. No set-up fees. No Annual Fees.



brokerage checking accounts

3-star brokerage firm rating

USAA Brokerage Review

USAA Brokerage Checking Account Details


  • Use 60,000 USAA-preferred ATMs for free. Plus, if you have to use another bank's ATM we'll refund their bank fee
  • Qualified members can deposit checks with their smartphone
  • Pay, manage and view all your bills in one place with Web BillPay
  • Send money to anyone from your phone using an email or mobile number
  • Create a budget and track your spending with USAA MoneyManager
  • Free unlimited funds transfers to and from any bank nationwide
  • Receive alerts when there's suspicious activity on your USAA account
  • Zero liability for unauthorized debit card charges


Commissions and Investment Products

InvestmentsCommissions
Stocks and ETFs $8.95 for Gold members and $5.95 for Platinum members (an additional $0.01 and $0.005 is charged for each share over 1,000 for Gold and Platinum, respectively)
Stocks and ETFs broker assisted $50 (an additional $0.005 is charged for each share over 1,000)
Options $8.95 + $0.75 per contract for Gold members and $5.95 + $0.75 per contract for Platinum members
Mutual Funds $45
All Listed Corporate Bonds $25 + $3 per bond
U.S. Treasury Securities at Auction $45

Investments stocks, options, mutual funds, bonds, U.S. Treasury Securities, ETFs
USAA Brokerage minimum deposit to open account $0
FeesUSAA Brokerage fees
USAA Brokerage promotions


Read Full Review

USAA Review


Open USAA Free Checking Account

Get 50 commission-free trades for opening a USAA brokerage account.


broker with free checking account

4-star brokerage firm rating

Etrade Review

Etrade Brokerage Checking Details


  • Free Online Bill Pay services
  • Free, unlimited ATM fee refunds
  • Free ATM/VISA Debit Card
  • Online images of cleared and deposited checks
  • 0.05% APY on accounts with $5,000 or more; 0.01% for $0 - $5,000
  • Move money between accounts at E*TRADE and elsewhere in seconds with our free, cash transfer service
  • $100 minimum initial deposit required
  • $5,000 average monthly balance in the account required to avoid a fee - $15 monthly


Commissions and Investment Products

ProductPrice
Stocks and ETFs $9.99 ($7.99 if making 150+ trades per quarter)
Stocks and ETFs broker assisted $34.99
Options $9.99 + $0.75 per contract ($7.99 + $0.75 if making 150+ trades per quarter)
Mutual funds $19.99
Futures contracts $2.99 per contract, per side + fees
Fixed Incomemarkup or markdown and any transaction fee will be included in the price quoted
Forex No commissions. Etrade receives compensation through the bid/ask spread.
Bonds$1 per bond (minimum $10, maximum $250) for online secondary market trades. Includes Agency bonds, Corporate bonds, Municipal bonds, Brokered CDs, Pass-thrus, CMOs, Asset Backed Securities.

Investments stocks, bonds, mutual funds, futures, forex, fixed income, options, ETFs
Etrade minimum deposit to open account $500 for non-retirement cash account, $0 for retirement cash account, $2,000 for margin account
FeesEtrade fees
Etrade login, Etrade promotions and Etrade referral


Read Full Review

Etrade Review


Open E-trade Checking Account

Trade free for 60 days + get up to $600.

This article was updated on 3/25/2014.



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