Overview

Where does Morgan Stanley Checking Account do business?

Morgan Stanley Checking Account is based in Salt Lake City, UT. It was founded in 1935 and offers checking accounts services in 50 states (and Washington, DC).

Morgan Stanley Checking Account is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC insures deposits in checking accounts, savings accounts, certificates of deposit (CDs), and money market accounts up to $250,000 per depositor if a member institution fails.

What APY does Morgan Stanley offer?

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The APY of an account is the annual rate of return taking into account compounding interest and assuming your money remains in the account for a full year.This is not an interest-bearing account.

What features and perks does Morgan Stanley Checking Account offer?

This account includes the following features.

• ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks. Typically there is a limit to how much you can claim for these costs, so check the fine print if you plan to make multiple withdrawals within one month.

• Free debit card - Enjoy the convenience of a debit card without the extra fees. Debit cards make it easier to control your spending because unlike credit cards you can only spend what you already have in your account.

• Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.

• Mobile Banking - Morgan Stanley Checking Account allows you to manage your money on the go without ever having to step in a brick-and-mortar bank. This includes depositing checks in your account with your smartphone.

• Nationwide ATM network - Never get caught out by a hipster cash-only business again.

What fees does Morgan Stanley Checking Account charge?

Here is a list of the potential fees attached to this account:

• International bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Keep an eye on your balance when making payments. Morgan Stanley Checking Account charges a $25 fee.
• An overdraft on your account will trigger a $25 fee per item.
• Every returned deposit incurs in a $ charge.
• Stop payment orders cost $25 a pop.

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