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  1. #1
    Senior Member z415's Avatar
    Join Date
    Apr 2006
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    Gainesville/Tampa, FL
    My Bikes
    Trek 1000, two mtbs and working on a fixie for commuting.
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    Scottrade question

    Let me hope that there are some self brokers out here that like to ride as well.

    If I opt out of the Bank Deposit Program sweep account that Scottrade has, will my funds be settled faster? I like to move in and out of the market quite a bit and have to avoid free riding.

    This explanation from Scottrade - "Settled Funds at Scottrade, Inc. - The amount of settled funds that have not been swept to program banks" - makes me think that being in the BDP may increase my settlement time.

    Thanks for any input. Too bad you can't opt-in after you opt out of the BDP or else I'd just experiment.
    Falling is learning...[SIGPIC][/SIGPIC]...learn to not fall in a box.
    Any good American will watch THIS -and- WHERE WAS MY BIKE MADE?

  2. #2
    Senior Member z415's Avatar
    Join Date
    Apr 2006
    Location
    Gainesville/Tampa, FL
    My Bikes
    Trek 1000, two mtbs and working on a fixie for commuting.
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    *bump*
    Falling is learning...[SIGPIC][/SIGPIC]...learn to not fall in a box.
    Any good American will watch THIS -and- WHERE WAS MY BIKE MADE?

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