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How does one go about funding their brokerage account with a credit card?
Wiki User
∙ 8y ago
Depends on the brokerage house, its clearing firm and/or the principals of the firm. "Know your customer". A medium-sized brokerage firm with a physical office (not online like Ameritrade) may choose to accept a check issued on a credit card belonging to the owner of the account. If the check is from a 3rd party, it may also choose to accept a check made out to the owner of an account upon the person endorsing the back and making it (on back side) payable to the clearing firm with acc. no. It gets tougher if the clearing firm (not the brokerage house) is owned by a bank- that complicates matters. A brokerage firm, as a rule, does not accept a check drawn on a credit card for an initial trade excpet under special circumstances.
Wiki User
∙ 8y ago
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Where could one apply for a Morgan Stanley credit card?
American Express offers the Morgan Stanley credit card. You can apply for the card via the American Express website if you have an eligible Morgan Stanley Smith Barney LLC brokerage account.
Is an additional credit card holder liable for the whole debt on the credit card account?
ia an additional credit card holder liable for the whole debt of the credit card account
Is a credit card the same as a debt card?
the debit is your own money from your account and the credit account is borrowed
Do you have you pay to get a credit card?
Not usually, but if you have really bad credit, there are a few institutions that will give you a credit card if you have an account with them. The kicker is that you must maintain a balance in the account that is equal to the credit limit on the card.
Do you have to pay to get credit card?
Not usually, but if you have really bad credit, there are a few institutions that will give you a credit card if you have an account with them. The kicker is that you must maintain a balance in the account that is equal to the credit limit on the card.
Where could one apply for a Morgan Stanley credit card?
American Express offers the Morgan Stanley credit card. You can apply for the card via the American Express website if you have an eligible Morgan Stanley Smith Barney LLC brokerage account.
How does a credit card account differ from a checking account?
A credit card account comes with a credit card, which can be used to authorize purchases of any value. The checking account does not come with a credit card and is used for issuing checks.
What is the advantage of buying a prepaid credit card?
Advantages include the ability to have a credit card that already has funding and does not require a credit check.
Is an additional credit card holder liable for the whole debt on the credit card account?
ia an additional credit card holder liable for the whole debt of the credit card account
Do PayPal do credit cards?
No, a PayPal account is not a credit card. You can register your own credit card details with PayPal and they act as an "intermediary", taking money from your card to pay sellers for your online purchases. PayPal do offer their own credit card now as well, but that is an entirely separate issue from a PayPal account.
What is the difference between a checking account and credit card account?
checking from bank fund & credit card prepaid by credit
Is a credit card the same as a debt card?
the debit is your own money from your account and the credit account is borrowed
Is the credit card number the same as the account number?
No, The credit card number is the long string of numbers embossed on the card. The account number is not shown on the credit card - it will be on your statements.
When I transfer money with my credit card what do you see on my credit card account?
no
Do you need a credit card to get an Amazon account?
To acess your Amazon account you do not need a credit card. To purchase anything on Amazon you then need a credit card.
How do you set up a pay pal account with out a credit card?
You don't have to enter your credit card when setting up an account on Paypal. Paypal requires your credit card information if you need your account verified.
Do you have you pay to get a credit card?
Not usually, but if you have really bad credit, there are a few institutions that will give you a credit card if you have an account with them. The kicker is that you must maintain a balance in the account that is equal to the credit limit on the card.
