Cash Management Services
eOption offers the Priority and Priority Plus cash management accounts. Each account can add a wide range of valuable services to your existing brokerage account. Use the table below to choose the account that is right for you.
| Features | Priority | Priority Plus |
|---|---|---|
Annual Fees |
Free | $25.00 |
Money Market Fund VarietyFund choices to satisfy diverse investment needs. |
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SafetyCovered by SIPC. |
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Automatic Sweep No need to mail in checks for securities transactions. |
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Direct Deposit |
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Consolidated Statements
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Check Writing[1]
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$250 Min. Per Check |
No Minimum |
Payee Name Capture on Statements |
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Categorized Year-End StatementCategorizes yearly activity to ease tax preparation and budgeting. |
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Visa® Gold/Platinum Check Card[2]
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Online Bill Payment/Priority Plus Spectrum Connect
Bill Payment Fees:
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eOption 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.
[1] To be approved for check writing, you must have at least an initial balance of $5,000 in cash and/or securities for a minimum 30 days.
[2] The Visa® Check Card is not a credit card and does not require credit approval. At this time, Visa® Check Cards are not available for International customers.
[3] Visa® Check Cards use the PLUS® and Visa® systems. If the ATM does not honor either, the transaction will be declined. The maximum amount an individual ATM owner will allow may be lower. Reich & Tang does not charge withdrawal fees, but individual ATM owners have this option. You will be notified of this charge before cash is dispensed.
