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  Morgan Stanley Premier Cash Management

Morgan Stanley Premier Cash Management

in Checking Accounts from Morgan Stanley · fdic

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Morgan Stanley Premier Cash Management

Unaffiliated

in Checking Accounts from Morgan Stanley · Member FDIC

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
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Monthly Fee $0 - $15
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.15% - 0.75%

Morgan Stanley Premier Cash Management Review

Morgan Stanley Premier Cash Management is offered by Morgan Stanley, a bank founded in 1935 and based in Salt Lake City, UT. Morgan Stanley Premier Cash Management is available in 50 states (and Washington, DC).

Key Takeaways
  • Higher than average APY. Morgan Stanley Premier Cash Management has an annual percentage yield of up to 0.75%, which is higher than the national average interest rate on savings accounts.
  • Charges a monthly fee. This account charges a monthly service fee of up to $15.
  • No ATM fees. Morgan Stanley Premier Cash Management does not charge fees on ATM transactions.
  • Up to $200 in ATM fee reimbursements. This account will reimburse you for ATM fees (see terms and conditions for details).
  • Bill pay. Pay your bills to practically anyone in the United States through Morgan Stanley.
Morgan Stanley Premier Cash Management Pros & Cons
Pros Cons
  • $550 Annual Engagement Bonus for Reserved Clients.
  • No foreign transaction fees for Reserved clients.
  • $1 million Identity Theft Insurance
  • Unlimited worldwide ATM fee rebates for Reserved clients. Non Reserve clients receive up to $200 in ATM fee rebates per year.
  • Available in all 50 states.
  • Interest-yielding account.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No charge on incoming domestic or international wire transfers.
  • Qualification for Premier Cash Management is automatic, and is not available to everyone. Qualifications are based on aggregate cash management activity.
  • High financial qualifications to eliminate fees and maintain perks.
  • No signup bonus.
  • Higher than average wire transfer fees.
  • Monthly service charge (if minimums are not met).
Morgan Stanley Premier Cash Management FAQ

Are checking accounts from Morgan Stanley federally insured?

Yes, your Morgan Stanley checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Morgan Stanley Premier Cash Management offer?

Morgan Stanley Premier Cash Management offers an APY starting at 0.15% and ranging up to 0.75% (APY stands for annual percentage yield, rates may change).

Morgan Stanley Premier Cash Management Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.15% - 0.75%

What are the account minimums for Morgan Stanley Premier Cash Management?

Morgan Stanley Premier Cash Management Minimums
Description
Minimum Direct Deposit to Avoid Monthly Fee $2,500

What fees does Morgan Stanley Premier Cash Management charge?

This account charges a monthly service fee of up to $15.

Morgan Stanley Premier Cash Management Fees
Description
ATM Fee: In-Network $0
ATM Reimbursement Monthly Limit $200
Debit Card Replacement Fee $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 0%
Monthly Fee $0 - $15
NSF Fee $25
Online Bill Pay Fee $0
Overdraft Item Fee $25
Overdraft Protection Fee (per transfer) $25
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $25
Returned Deposit Fee (International) $25
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $50
ATM Fee: Out-of-Network $0

Does Morgan Stanley Premier Cash Management charge overdraft fees?

Yes, Morgan Stanley Premier Cash Management charges a $25 fee for every overdraft.

Morgan Stanley Premier Cash Management offers overdraft protection at a cost of $25 per transaction.

What features and perks does Morgan Stanley Premier Cash Management offer?

This account includes the following features:

  • ATM reimbursement - This account will reimburse you for any domestic ATM fees up to a monthly maximum of $200.
  • Fraud monitoring - Morgan Stanley Premier Cash Management monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Morgan Stanley Premier Cash Management allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Morgan Stanley Premier Cash Management?

The customer support email for Morgan Stanley Premier Cash Management is mediainquiries@morganstanley.com.

How do people rate the customer service and user experience of Morgan Stanley Premier Cash Management?

Overall, Morgan Stanley Premier Cash Management is strongly recommended based on community reviews that rate customer service and user experience.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Morgan Stanley Premier Cash Management

Why Cash Management Solutions at Morgan Stanley can be an attractive alternative to a traditional bank. Premier Cash Management is an incentive program that recognizes and rewards clients for choosing Morgan Stanley Smith Barney LLC (Morgan Stanley) for their everyday cash management needs.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Direct Deposit to Avoid Monthly Fee $2,500
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 0%
Online Bill Pay Fee $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
ATM Fee: Out-of-Network $0
ATM Reimbursement Monthly Limit $200
Monthly Fee $0 - $15
NSF Fee $25
Overdraft Item Fee $25
Overdraft Protection Fee (per transfer) $25
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $25
Returned Deposit Fee (International) $25
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Outgoing) $50
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • ATM Reimbursement
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • IRAs
  • Debit Card
  • Bauer Financial A+/A Rating
  • Check Writing
APY (Annual Percentage Yield) 0.15% - 0.75%

Morgan Stanley Premier Cash Management Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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