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  Morgan Stanley Premier Cash Management

Morgan Stanley Premier Cash Management

in Checking Accounts from Morgan Stanley · Member FDIC

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Morgan Stanley Premier Cash Management

Unaffiliated

in Checking Accounts from Morgan Stanley · Member FDIC

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Highlights
Highlights
Monthly Fee $0
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 average.
  • Large minimum initial deposit. You need a minimum deposit of $50,000 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
  • 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 the ATM fees charged by other financial institutions.
  • Free bill pay. Pay your bills to practically anyone in the United States through Morgan Stanley.
  • Hard credit pull. Morgan Stanley may require a hard pull on your credit report to open a checking account.
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.
  • Not FDIC-insured.
  • Higher than average wire transfer fees.
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 (Annualized Percentage Yield) 0.15% - 0.75%

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

Morgan Stanley Premier Cash Management requires a minimum initial deposit of $50,000 to open an account.

Morgan Stanley Premier Cash Management Account Minimums
Description Amount
Minimum Initial Deposit $50000
Minimum Direct Deposit to Avoid Monthly Fee $2,500

What fees does Morgan Stanley Premier Cash Management charge?

This account charges a monthly maintenance fee of $0.

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

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 the ATM fees charged by other networks up to a monthly maximum of $200.
  • Fraud monitoring - Morgan Stanley Premier Cash Management monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - 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. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.

Availability

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

Feature Breakdown

Minimum Direct Deposit to Avoid Monthly Fee $2,500
Minimum Initial Deposit $50,000
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 0%
Monthly Fee $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
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
Bank Account Features
  • ATM Reimbursement
  • Bauer Financial A+/A Rating
  • Check Writing
  • Debit Card
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Fraud Protection
  • Free Bill Pay
  • Interest Bearing Account
  • IRAs
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No ATM Fees
APY (Annual Percentage Yield) 0.15% - 0.75%

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