Direct Access to Your Cash with Free Checking
The Priority Account allows you to have direct access to your short-term cash with free checking. Priority Plus accounts require a per check minimum of $250.00. Your money is always available and earning interest while waiting for checks to clear. Original checks are returned quarterly; there is no annual fee, and no charge for orders or re-orders of checks. Your Priority account automatically sweeps cash balances, including interest and dividends into a money market fund.
There are a variety of money fund choices to satisfy diverse investment needs, including tax-free funds for high net worth clients.
- Free Checking
- Per Check minimum of $250.00
- Unlimited Check Writing - Write checks as often as you wish.
- No Annual Fees
- No Check Order Charge
- Direct Deposit - The convenience of electronically depositing payroll and Social Security checks.
- Automatic Investment & Withdrawal - Automatic investment to/from bank checking account or other mutual funds.
- Automatic Bill Payment - Simply submit a voided check to your vendor to set up automatic bill payment.
- Consolidated Statement - See all of your transactions on one statement making it easier to maintain and keep track of your portfolio.
Other Check Writing Services:
- Check Copy Fulfillment $4.00
- Stop Payment Request $16.00
- Returned Checks $20.00
An investment in money market funds are not insured or guaranteed by FDIC or any other government agency. Although the funds seek to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the funds. A portion of the income from tax-free funds may be subject to state and local taxes and the Federal Alternative Minimum Tax.
Place Trade Financial is a registered broker-dealer, not a bank and the cash management services associated with your money market account are not a bank account. Banking services are provided by licensed banks or by third parties through arrangements with licensed banks. Unless otherwise indicated, investment products are not FDIC-insured, not guaranteed by a bank and may lose value.
Place Trade Financial offers competitive money market funds and services through Reich & Tang Funds. Reich and Tang is a manager of money market funds and is a subsidiary of IXIS Asset Management North America, L. P., an investment management firm. Place Trade Financial is not affiliated with Reich & Tang Funds or its subsidiary IXIS Asset Management North America, L. P. This is not an offer to buy or sell. For a prospectus containing complete information, contact Place Trade Financial at 1-800-50-PLACE or visit our web site at www.placetrade.com.