Morgan Stanley
Morgan Stanley CashPlus Brokerage Account

Simplicity and Convenience for Your Day-to-Day Cash Management

Designed as a modern alternative to banking with all the capabilities to help you access, move, and manage cash how and when you need it. Plus unlock exclusive benefits such as unlimited ATM fee rebates worldwide, Identity & Credit Protection from Experian®, and more. You must be a Morgan Stanley client to open an account.
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Why Choose CashPlus to Manage Your Day-to-Day Finances?

Simplicity and Convenience

  1. Cash management in the same place as your investments means less logistics to manage and easier decision making

  2. More comprehensive advice from your Morgan Stanley team based on a broader view of your finances

  3. 24/7 access to our J.D. Power1 award-winning Service Professionals

No Cash Management Fees*

  1. Any ATM is your ATM with unlimited fee rebates worldwide using the Morgan Stanley Debit Card2

  2. No foreign transaction fees​

  3. No cash advance fees3​

  4. Complimentary insufficient funds coverage4

Modern Money Management

  1. Seamless access via Morgan Stanley Online and Mobile app

  2. Easily pay bills or move money with Zelle®, Online Transfers, and more

  3. Cashflow and Income & Expense analysis tools

  4. Robust suite of cash management alerts

Enjoy Exclusive Benefits Only Available to Morgan Stanley Clients

Which CashPlus Account Is Right for You?

Compare the benefits and see which CashPlus account works best for your financial needs.

PREMIER CASHPLUS

  1. Unlimited ATM fee rebates worldwide, no foreign transaction fees and no cash advance fees with the Morgan Stanley Debit Card

    Complimentary Greenlight App and Debit Card for families

    Extended Warranty, Satisfaction Guarantee and Price Protection with the Morgan Stanley Debit Card5

    Cash access from banks or tellers that accept Mastercard

    Complimentary insufficient funds coverage4

    Complimentary Identity and Credit Protection from Experian (up to two enrollments)

  2.   

  3. $15 monthly account fee, waived for clients who meet the fee avoidance criteria (see FAQs below for additional details)

PLATINUM CASHPLUS

  1. Unlimited ATM fee rebates worldwide, no foreign transaction fees and no cash advance fees with the Morgan Stanley Debit Card

    Complimentary Greenlight App and Debit Card for families

    Extended Warranty, Satisfaction Guarantee and Price Protection with the Morgan Stanley Debit Card5

    Cash access from banks or tellers that accept Mastercard

    Complimentary insufficient funds coverage4

    Two additional enrollments in Identity and Credit Protection from Experian (up to four enrollments)6

    $695 annual engagement bonus with the Platinum Card® from American Express exclusively for Morgan Stanley

  2. $55 monthly account fee, waived for clients who meet the fee avoidance criteria (see FAQs below for additional details)

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Wealth Management

MORGAN STANLEY CASHPLUS BROKERAGE ACCOUNT

Still want to learn more? Watch this short video about the CashPlus Brokerage Account.

Source: Morgan Stanley Wealth Management

For important information and disclosures, please refer to the CashPlus Account Disclosure Statement. 

Frequently Asked Questions

  1. Q
    Is the Morgan Stanley CashPlus Brokerage Account a bank account?

    CashPlus is a brokerage account and a modern alternative to banking designed specifically for your day-to-day cash management needs. Access all the features of a traditional bank, including check writing, ATM fee rebates, cash transfers, online bill payment and more.

  2. Q
    Who is eligible to open a CashPlus account?

    Only existing Morgan Stanley clients with an investment relationship in eligible jurisdictions may open a CashPlus account.

    Eligible investment accounts include but are not limited to: 

    • Discretionary/non-discretionary advisory accounts or programs through Morgan Stanley’s Advisory Program.
    • Self-directed brokerage accounts
    • Active Assets Account (AAA accounts)

    Find a financial advisor. 

  3. Q
    Are my assets in a CashPlus account protected?

    CashPlus accounts receive SIPC7 coverage for securities and free credit balances, and cash swept into the Bank Deposit Program receives FDIC insurance, certain conditions must be met.

  4. Q
    What is the criteria to avoid the monthly fee?

    For both Premier and Platinum CashPlus accounts, a Social Security direct deposit of any amount fulfills the monthly deposit criteria to avoid the monthly fee or the account fulfills the criteria below.

     

    Premier CashPlus Account: 

    • $2,500 in total monthly deposits OR $10,000 in average daily cash balance (in the Bank Deposit Program)
    • Existing eligible Morgan Stanley Investment Account
    • Morgan Stanley Online enrollment

     

    Platinum CashPlus Account: 

    • $5,000 in total monthly deposits AND $25,000 in average daily cash balance (in the Bank Deposit Program)
    • Existing eligible Morgan Stanley Investment Account
    • Morgan Stanley Online enrollment

  5. Q
    What deposits are included in the total monthly deposit amount for fee waiver?

    Eligible deposits consist of:

    • Direct deposit of payroll or Social Security
    • Incoming transfers
    • Mobile check deposit
    • Branch check deposit
    • Incoming send money with Zelle®
    • Incoming wire
    • Distributions from a Morgan Stanley retirement account

Ready to simplify your financial life?

Open an account or contact your Morgan Stanley team. You must be a Morgan Stanley client to open an account.

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The CashPlus Account is a brokerage account offered through Morgan Stanley Smith Barney LLC. Conditions and restrictions apply. Please refer to the CashPlus Account Disclosure Statement for further details at https://www.morganstanley.com/wealth-disclosures/cashplusaccountdisclosurestatement.pdf

The qualifying criteria to avoid the monthly account fee for all CashPlus Accounts in an Account Link Group (ALG) is:  an additional eligible Morgan Stanley investment account (that may include additional fees), one Morgan Stanley Online enrollment; for Premier CashPlus account $2,500 monthly deposit or $10,000 Average Daily Balance; for Platinum CashPlus account $5,000 monthly deposit and $25,000 Average Daily Balance.  For more information, please refer to the CashPlus Account Disclosure Statement(opens in a new tab).

* No cash management fees will be charged by Morgan Stanley for ATM withdrawals, Foreign Transactions, or Outgoing Wires with eAuthorizations. Third party cash management fees may apply, which may be refunded. A monthly account fee is applicable, but can be avoided if you meet certain criteria.

1. J.D. Power 2024 Certified Customer Service ProgramSM recognition is based on completion of an evaluation and exceeding a customer satisfaction benchmark through a survey of recent servicing interactions. For more information visit http://www.jdpower.com/ccc. As of November 2024.

2. Reserved clients and CashPlus Brokerage accounts are eligible for unlimited global ATM fee rebates. All other clients are eligible for up to $200 in annual global ATM fee rebates.

3. While Morgan Stanley does not charge for this service, some banks may charge a fee that is either a fixed amount or a percentage of the withdrawal.

4. There is no cost for this feature; however, interest charges may apply if funds are transferred from available margin in your Active Assets Account (AAA) or from your Liquidity Access Line (LAL). (LAL terms and conditions apply).

5. The Morgan Stanley Debit Card is issued by Morgan Stanley Private Bank, National Association pursuant to a license from Mastercard International Incorporated. Mastercard and Maestro are registered trademarks of Mastercard International Incorporated. The third-party trademarks and service marks contained herein are the property of their respective owners. Investments and services offered through Morgan Stanley Smith Barney LLC, Member SIPC. Certain terms, conditions, restrictions and exclusions apply. Please refer to the Morgan Stanley Debit Card Terms and Conditions for additional information.

6. Enrollments per ALG.

An ALG is a group of accounts with the same mailing address which a client opts to consolidate for purposes of statement mailings and online access.  Each ALG receives its statements in a single envelope, in a consolidated format, with a summary page showing the value of each linked account.

7. CashPlus Accounts receive SIPC coverage for securities and free credit balances and cash swept into the Bank Deposit Program receives FDIC insurance, both up to applicable limits. 

An ALG is a group of accounts with the same mailing address which a client opts to consolidate for purposes of statement mailings and online access.  Each ALG receives its statements in a single envelope, in a consolidated format, with a summary page showing the value of each linked account.

8. CashPlus Accounts receive SIPC coverage for securities and free credit balances and cash swept into the Bank Deposit Program receives FDIC insurance, both up to applicable limits. 

Securities Investor Protection Corporation (“SIPC”) — Morgan Stanley Smith Barney LLC is a member of SIPC, which protects securities of its customers up to $500,000 (including $250,000 for claims for cash). Losses due to market fluctuation are not protected by SIPC. To obtain information about SIPC, including an explanatory SIPC brochure, contact SIPC at 1-202-371-8300 or visit www.sipc.org.

Federal Deposit Insurance Corporation (“FDIC”) — Cash balances swept into deposit accounts at participating banks in the Bank Deposit Program are protected by FDIC Insurance up to applicable FDIC limits. FDIC insurance is a federal government program administered by the Federal Deposit Insurance Corporation. This insurance covers bank deposits held in checking accounts, savings accounts, certificates of deposits and money market deposits (not money market funds). This insurance comes into play in the event of a bank failure and covers client cash up to a total of $250,000, per bank, for each “insurable capacity” (e.g. each individual, joint, etc.). It does not cover investment products that are not deposits, such as mutual funds, annuities, life insurance policies, stocks or bonds. Certain conditions must be met to obtain pass through FDIC coverage. Refer to https://www.fdic.gov for additional details.  

Platinum CashPlus clients are eligible for the Annual Engagement Bonus (the "Bonus") if they 1) are the Basic Card Member (primary account holder) of either the Platinum Card® from American Express Exclusively for Morgan Stanley or the Platinum Card® from International Dollar Card issued by American Express (the "Cards"); or 2) spend at least $100,000 during the calendar year across Morgan Stanley Debit Cards associated with Platinum CashPlus Accounts in their Account-Linked Group (“ALG”), (the "Debit Card Use Threshold"). Basic Card Members who apply for, and are approved for, the Cards will be eligible to receive a Bonus of $695. Clients who qualify for the Bonus by meeting the Debit Card Use Threshold are eligible to receive the $695 Bonus, which is typically paid in January of the following calendar year. Each ALG is eligible for one bonus per calendar year. Each client is only eligible for one bonus per calendar year. For more information regarding the tax implications of the Annual Engagement Bonus, including information about reporting and tax withholding, please refer to the CashPlus Account Disclosure Statement at https://www.morganstanley.com/wealth-disclosures/cashplusaccountdisclosurestatement.pdf

The CashPlus Account is a brokerage account offered through Morgan Stanley Smith Barney LLC.  Conditions and restrictions apply.  Please refer to the CashPlus Account Disclosure Statement for further details. 

Under the Bank Deposit Program, free credit balances held in an account(s) at Morgan Stanley Smith Barney LLC are automatically deposited into an interest-bearing deposit account(s) at FDIC-insured banks. Certain conditions must be met. For more information, view the Bank Deposit Program Disclosure Statement.  

The Greenlight App and Debit Card is provided by Greenlight Financial Technologies, not Morgan Stanley or any of its affiliates.  Morgan Stanley has entered a referral partnership with Greenlight Technology Inc., the program manager for the Greenlight card and related mobile application. Greenlight charges a usage fee of $5.99 per month.  Morgan Stanley will reimburse this $5.99 monthly fee to Greenlight on your behalf for one Greenlight account (up to five minors under 18 years old) as long as the following conditions are met:

i)  Enroll in Greenlight using the enrollment link on Morgan Stanley Online or Mobile;

ii) Enroll in the Greenlight standard plan (currently $5.99/month (subject to change).  Greenlight  +Invest and Greenlight Max or any other current and future products are excluded from this offer; and

iii) Link a CashPlus Account for the Greenlight debit card funding.

Limited to one free Greenlight enrollment per CashPlus ALG.

This fee waiver only applies while you fund the Greenlight Debit Card from your CashPlus Account.  Other Morgan Stanley accounts are not eligible for this offer and the Greenlight usage fee will no longer be waived if you close the associated CashPlus account or change the funding source on the Greenlight Debit Card to any other account type, including another Morgan Stanley non -CashPlus account type.

Please review the Greenlight terms and conditions and other applicable fees for the service at Greenlightcard.com before enrolling (such terms are subject to change at any time) Only the monthly usage fee is waived.  You are responsible for all other fees associates with the use of the Greenlight service.

©2025 Greenlight Financial Technology, Inc. Patents Pending.  The Greenlight card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International. Message and data rates may apply.

The Platinum Card® from American Express exclusively for Morgan Stanley is only available for clients who have an eligible Morgan Stanley Smith Barney LLC brokerage account ("eligible account").

An “Eligible Account” is a brokerage account (i) held in your name, (ii) held by a trust where you are both the grantor and trustee of such trust, or (iii) held as a beneficial owner of a personal holding company, a non-operating limited liability company, a non-operating limited partnership, or a similar legal entity. American Express will only issue the Platinum Card® from American Express exclusively for Morgan Stanley to (1) a eligible Morgan Stanley client who is an individual; and (2) an individual associated with a eligible Morgan Stanley client (if the eligible Morgan Stanley client itself is not an individual). Eligibility is subject to change. American Express may cancel your Card Account and participation in this program, if you do not maintain an Eligible Morgan Stanley brokerage Account.

The Platinum Card® from American Express exclusively for Morgan Stanley is issued by American Express National Bank, not Morgan Stanley Smith Barney LLC. Services and rewards for the Cards are provided by either Morgan Stanley Smith Barney LLC, American Express, or other third parties. Restrictions and other limitations apply. See the terms and conditions for the Cards for details. Clients are urged to review fully before applying. Morgan Stanley, its affiliates, and Morgan Stanley Financial Advisors and employees are not in the business of providing tax or legal advice. Clients should speak with their tax advisor regarding the potential tax implications of the Rewards Program upon their specific circumstances.

American Express may share information about your Card Account with Morgan Stanley in support of Morgan Stanley programs and services. For information as to how Morgan Stanley will use your Card Account data please visit https://www.morganstanley.com/wealth/investmentsolutions/pdfs/adv/mssb_privacynotice.pdf.  

The Platinum Card® from American Express Exclusively for Morgan Stanley is issued by American Express National Bank. ©2025 American Express National Bank. 

Electronic payments arrive to the payee within 1-2 business days, check payments arrive to the payee within 5 business days. Same-day and overnight payments are available for an additional fee within the available payment timeframes.

The Morgan Stanley Mobile App is currently available for iPhone® and iPad® from the App StoreSM and AndroidTM on Google PlayTM. Standard messaging and data rates from your provider may apply. Subject to device connectivity.

Send Money with Zelle® is available on the Morgan Stanley Mobile App for iPhone and Android and on Morgan Stanley Online. Enrollment is required and dollar and frequency limits may apply. Domestic fund transfers must be made from an eligible account at Morgan Stanley Smith Barney LLC (Morgan Stanley) to a U.S.-based account at another financial institution. Morgan Stanley maintains arrangements with JP Morgan Chase Bank, N.A. and UMB Bank, N.A. as NACHA-participating depository financial institutions for the processing of transfers with Zelle®. Data connection required, and message and data rates may apply, including those from your communications service provider. Transactions typically occur within minutes. To receive money in minutes, the recipient’s email address or U.S. mobile number must already be enrolled with Zelle®. See the Send Money with Zelle® terms for details. Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license. Morgan Stanley is not affiliated with Zelle®.

Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.

Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

© 2025 Morgan Stanley Smith Barney LLC. Member SIPC.

CRC#4222921 (02/2025) 

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