Checking Account from Morgan Stanley
Private Bank, National Association
Everyday checking you can bank on
No monthly fees or minimums, easy money movement and more.
Get $300 for a limited time
Open a Checking Account by December 31, 2025 with qualifying deposits.* Learn how
Terms apply. Use promo code: CHECKING25
What you get with our checking account
No monthly fees. No minimum deposit.1
Access cash from ATMs nationwide
No transaction fees for online wire transfers, stop payments, and more
Benefits offered with every checking account
Safe and secure
Your money is FDIC-insured, up to applicable limits.2
Worry-free banking
Enjoy peace of mind when enrolled in free Coverdraft Protection.
Easy money movement
Enjoy unlimited online wires, money transfers and mobile check deposits.
Integrated account view
View your checking, savings and investing in one place.
24/7 banking access
Manage your money, pay bills and more with our best-in-class mobile app or online.3
Debit card
Add to your mobile wallets and use your debit card wherever Mastercard® is accepted.4 Learn more
Compare our checking accounts
| Checking | Max-Rate Checking | |
|---|---|---|
| Annual Percentage Yield (APY) | APY5 | APY6 |
| Transaction Fees (for online wire transfers, stop payments, insufficient fund, and more) |
$0 | $0 |
| ATM Refunds | Nationwide7 | Worldwide8 |
| Foreign Transaction Fee Refunds5 | ✗ |
✓ |
| FDIC-Insured | ✓ |
✓ |
| Monthly Account Fee | $0 | $15 Waived if you maintain a $5,000 average monthly balance9 |
Essential tips for smart banking
Three ways to manage your cash more strategically
Learn how to balance your short-term cash needs and long-term financial goals with cash solutions.
What is compounding interest?
Whether you’re saving for the down payment on a vacation home or to pay for your children’s college tuition (one day), compound interest can help your savings move closer toward your goals.
Frequently asked questions
How do I fund an account?
Choose the method that works best for you:
- Transfer money electronically: Use our Transfer Money service to transfer within 3 business days.
- By check: You can easily deposit many types of checks.
- By wire transfer: Wire transfers are fast and secure.
- Transfer an account: Move an account from another firm.
- Direct deposit: Automatically deposit your paycheck and other recurring income to your Morgan Stanley Private Bank checking or savings accounts or your E*TRADE brokerage account.
Go now to fund your account.
Is my Morgan Stanley Private Bank account FDIC-insured?
Yes, all Morgan Stanley Private Bank accounts are insured. See below for details.
| Bank Yields | Premium Savings Account | Certificates of Deposit | Max-Rate Checking | Checking |
|---|---|---|---|---|
| FDIC Insurance | At least $500,000* |
At least $250,000 | At least $250,000 |
At least $250,000 |
*Morgan Stanley Private Bank, National Association ("MSPBNA”)’s Premium Savings Account offers an enhanced Federal Deposit Insurance Corporation ("FDIC") coverage feature (“Enhanced FDIC Coverage Feature”, or, the “Feature”) which gives MSPBNA the ability to transfer any amount held on deposit in your Premium Savings Account (“PSA Deposits”) to other depository accounts at FDIC member banks (“Program Banks”) with the purpose of providing you additional FDIC insurance coverage. The Feature is designed to offer up to $500,000 in FDIC coverage for individual accounts and up to $1,000,000 for joint accounts. Learn more.
How do I set up direct deposit?
You will need to set up a direct deposit directly with your employer or payment provider (e.g., Social Security Administration, U.S. Department of Treasury). They will need your Checking account number and routing number and may also ask for your account type, which is Checking, and the name of the financial institution.
If your employer will accept a direct deposit form, you can also download one from our website. If you need more information or want to download the direct deposit form, visit www.etrade.com/directdeposit or contact our customer service team at 800-387-233.
How can I deposit a check?
The most convenient way to deposit a check is through the E*TRADE Mobile check deposit feature. Make sure the check is payable to you (in the same name that appears on your account), or to Morgan Stanley Private Bank. Note: The E*TRADE Mobile check deposit maximum is $250,000 per day.
Have additional questions on depositing a check? Learn more.
Get $300 for a limited time
Open a Checking Account by December 31, 2025 with qualifying deposits.* Learn how
Terms apply. Use promo code: CHECKING25
Experience Checking from Morgan Stanley Private Bank
Everyday banking with clear benefits.