Our
clients enjoy the following features:
- , up to 1.00% below the Broker Call Rate.
- .
- let you view or print any monthly statement, trade confirm, or 1099
going back to 2002.
- allows
you to place 3 stock orders at one time from one screen.
- (fees may apply)
- (see below for details)
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.
Effective May 19th 2008, there are now 2 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
The Valet Classic account offers the VisaŽ 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 VisaŽ 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.
The Valet Premier account offers the VisaŽ 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
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
