Cash management accounts are becoming increasingly popular, particularly on the international scene. So, what is a CMA?

If you conduct most or all of your banking online, you’re likely familiar with the kinds of features that a CMA has to offer. Basically, it’s a cash account that combines services and benefits that are similar to checking, debit card and investment accounts under one product.

Often, CMAs are able to offer low or no fees thanks to the low overhead of online-only services and assistance. Who needs to come face-to-face with a teller anymore anyway?

In this fast-paced world, a Firstrade Cash Management Account provides you the flexibility to trade, access and spend your money all in one account. Your cash will be in the same account as your trading funds, so you won’t miss any market opportunities when it comes to trading wherever you are.

For the international market, our product is easily accessible since there is only a $100 minimum. You can trade U.S. stocks commission-free. Our CMA has no maintenance, annual or application fees. And, you get our global ATM card for international use and convenience.

How else can you benefit?

You will have no liability for unauthorized transactions if you promptly report the loss or theft of your card and report any unauthorized transactions.
You’re covered with free travel safety insurance if you purchase tickets through our registered travel office.
You can speak with a Firstrade Cash Management Account specialist to learn how to set up your account, activate features and more.

To learn more about a cash management account at Firstrade, go here.