News About Firstrade’s CMA Foreign Fransaction Fees

As we discussed in an earlier blog post about Cash Management Account, owning a Firstrade cash management account (CMA) is a convenient way to manage your money by providing all the benefits of a checking, savings and investment account within one product.

A Firstrade CMA has no annual, application or maintenance fees and only a minimum deposit of $100 is needed to get started.

And, we’ve just made our CMA even more beneficial. Here’s how it works:

• To be eligible, you must maintain a minimum account equity of $10,000 or more in your CMA.

• You will receive a refund for the first foreign transaction fee (3%)incurred each month on debit card withdrawals and purchases made outside of the U.S.

• The reimbursement will appear in your account within three business days.

This is definitely great news for those of you who live or spend time overseas. To learn more about our cash management accounts, go here.