Moomoo Cash Management

Moomoo Cash Management, Debit/Credit Cards, and Checking/Savings Account in 2022


2022 Moomoo cash management account review, interest rate yield, free check-writing, CMA debit/credit card, online bill pay, and reimbursement of bank ATM fees.


Moomoo Cash Management Account


Unfortunately, Moomoo does not offer any cash management features right now. If you want to get good cash management features, then continue reading.


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Moomoo Debit (Credit) Card


Moomoo does not offer debit and credit cards right now.


Moomoo Checking/Savings Accounts


Moomoo does not provide savings and checking accounts right now.


TD Ameritrade Cash Management Overview


Those looking for a cash management option with the convenience of holding their investments at the same institution should consider TD Ameritrade Cash Management Account (CMA). This account available to all customers who have a brokerage account. The Cash Management account offers bill pay, Visa debit card, paper check writing, mobile app, and the convenience of having it all in one place.

FDIC insurance coverage on cash balances is available up to $250,000. The higher limit is achieved by having the cash held at two separate banks while not invested. Higher cash balances can be placed in the money market option for SIPC insurance up to $500,000.


TD Ameritrade Cash Management Features


The account can be managed 24 hours per day, 7 days per week via the website, the mobile app, or the customer service phone line. Customer Service can be reached anytime at 1-800-454-9272. Agents are available around the clock.

TD Ameritrade allows linking of external bank accounts via ACH for ease of shifting cash around as needed. In addition, funds transfers can be initiated via the mobile app. The app also allows the remote deposit of paper checks using photos.

In addition to the Visa debit card TD Ameritrade offer a Visa Signature credit card that earns 1.5% cashback on all purchases. Depositing the cashback earned from the credit card comes with a 10% bonus of the amount deposited to TD Ameritrade brokerage accounts. The credit card has no annual fee.


Broker Brokerage Cash Management Account


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$0 commissions + transfer fee reimbursement.

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Cash Management Account Fees


TD Ameritrade Cash Management has no monthly maintenance fees. The Visa debit card and paper checks are free of charge. TD Ameritrade does not impose any minimum balance or trading activity.


CMA ATM Fees Reimbursement


ATM fees are reimbursed with no limit for ATM machines located within the United States. TD Ameritrade does not impose any ATM fees of their own.


Checking


The initial order of paper checks for the account are free. Additional subsequent orders of 100 checks are also free of charge. The stop payment fee is $25 and a hard copy of a cancelled check is $15.


Broker CMA Account


TD Ameritrade Cash Management Interest Rates


TD Ameritrade pays between 0.01% and 0.09% on cash balances held in their FDIC insured bank accounts. Balances under $5,000 earn 0.01% while balances of $1,000,000 or more earn 0.09%. The rate increases on a stair-step scale in between.

The money market account option, in lieu of the cash sweep, earns the going money market rate offered by TD Ameritrade. The customer can choose which option they prefer, money market or bank sweep, for earning interest. The money market account option is covered under SIPC insurance.


TD Ameritrade Cash Management Summary


TD Ameritrade Cash Management is a great banking solution with the access to your investments all in one place. With the modern conveniences of bill pay, remote deposit, ACH transfers, and ATM reimbursements managing money is simple. No account or activity minimums are required. Free paper checks are a nice addition to the benefits of the service. Holding both investments and cash management at TD Ameritrade make managing money easier.

Compared to competitors TD Ameritrade’s cash management services are offered for free while some others charge as much as $100 per year for the same capabilities. This is one of the major reasons TD Ameritrade CMA is often rated as the Best Brokerage Cash Management Account.


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Open TD Ameritrade Account


Updated on 5/3/2022.


About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer.