Valet Accounts

Want a convenient way to make your money work even harder for you? Upgrade to the Valet Account, a unique combination of brokerage and bank account that lets you manage all your accounts and assets – from investing in stocks, bonds and mutual funds, to writing checks, making Visa® card purchases, ATM withdrawals, and even paying bills online. You’ll even earn a competitive rate of interest on your money. Plus, by combining all of your assets into one account, you can easily assess your overall financial status in one combined monthly statement.

There are two Valet service levels, Classic & Premier. Both types of Valet Accounts let you:

Write checks, code them by expense category and see the payee on your monthly statement (The initial order of 25 checks is FREE)
Borrow money against your securities at attractive loan rates (subject to account minimums)
Perform ACH transfer funds into or out of your account
Deposit payroll or social security payments electronically into your account
Receive and pay bills instantly online (fees may apply)
Monitor your securities and other portfolio allocations, track unrealized and realized gain/loss for each security in your account
Receive one comprehensive monthly statement that displays all banking and brokerage activity
Streamline tax time with our complimentary year-end summary statement of your investment activity and 1099 reporting
Earn Valet rewards you for every purchase you make with your Visa® debit card
Withdraw cash instantly from over 1 million ATM locations worldwide (PNC Bank locations are 100% free)
Ability to make deposits at over 7600 ATM's in the USA

Valet Classic Accounts

The Valet Classic account offers the Visa Classic Debit Card. The features of this card include...

Acceptance at over 27 million locations worldwide
Auto Rental Discounts
"Zero Liability" protection against fraudulent card activity.
Participation in the Visa Extras Rewards Program, which allows you to earn points for every debit card purchase, which are redeemable for gift certificates from popular stores, hotels, merchandise, etc.

Valet Premier Accounts

The Valet Premier account offers the Visa Premier Debit Card. This card includes all of the features of the Classic account/card plus...

24/7 Concierge Service, and 24/7 Roadside Dispatch
Lost Luggage Insurance
Warranty Manager Service
Free ATM withdrawals (The first 5 ATM out-of-network fees per month will be waived or refunded
Free online bill pay
Earn points for every debit card purchase, redeemable for up to 1% cash back

Annual Valet Account Service Fee and Waiver Requirements
The annual fee ($45 for Classic / $75 for Premier) will be charged in January for the preceding year. This fee will be automatically waived if the account meets any of the following criteria:

Valet Account maintains an average market value of $50,000 for Classic, or $100,000 for Premier
Valet accounts establishes and maintains a direct deposit of $250 per month for Classic accounts, $500 for Premier
Valet Account averages at least 3 trades (equity or option) per month for Classic accounts, 5 for Premier

Opening a Valet Account

When opening a Valet Account, please take the following into consideration:

Minimum account balance of $5,000 is required
Estate, Custodial (UGMA/UTMA), Investment club, IRAs, and certain trust accounts are not eligible for conversion into Valet Accounts.
A margin agreement must be on file

Start Saving Now

Simply click on the link below to download your copy of the form, complete it then mail it to:

Trading Direct
160 Broadway FL 7E
New York, New York 10038

Mandatory

Valet Account Application

Margin Agreement (if not already on file)

For Reference

Valet Account Agreement

Valet Account Margin Disclosure Statement

Valet Account Direct Deposit Authorization

Valet Account Cost Basis Record

Questions? Contact us.

DISCLOSURE: THE ABOVE INFORMATION PRESENTS GENERAL INFORMATION ONLY, IS THOUGHT TO BE ACCURATE AS OF JANUARY 2010, AND IS SUBJECT TO CHANGE BASED UPON EVER CHANGING US TAX LAWS. TO MAKE CERTAIN THAT OPENING A PARTICULAR ACCOUNT WILL SUIT YOUR NEEDS, BE SURE TO CONSULT A QUALIFIED TAX RESOURCE.