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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.
What else can I help you with?
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.
Can you transfer money to a credit card?
Yes, you can transfer money to a credit card by making a payment from your bank account to the credit card account.
What are the benefits of using a brokerage credit card for managing investments?
Using a brokerage credit card for managing investments can offer benefits such as earning rewards on purchases, consolidating investment expenses, and simplifying tracking of investment-related spending.
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
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.
Can you transfer money to a credit card?
Yes, you can transfer money to a credit card by making a payment from your bank account to the credit card account.
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.
What are the benefits of using a brokerage credit card for managing investments?
Using a brokerage credit card for managing investments can offer benefits such as earning rewards on purchases, consolidating investment expenses, and simplifying tracking of investment-related spending.
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
What is the difference between a checking account and credit card account?
checking from bank fund & credit card prepaid by credit
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.
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 there a suspected fraud credit card error on your account?
Is there a suspected fraudulent credit card error on your account?
When I transfer money with my credit card what do you see on my credit card account?
no
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.
