Managing Your Everyday Finances. Cash Management Solutions at Morgan Stanley

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1 Managing Your Everyday Finances Cash Management Solutions at Morgan Stanley

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3 As a Morgan Stanley client, you have access to a full suite of cash management solutions as an attractive alternative to a traditional bank. What makes Morgan Stanley different? The Relationship You Want Imagine receiving the personalized advice and dedicated service that you have come to expect from Morgan Stanley for your investment and planning needs, now for your everyday finances as well. The Solutions You Need We design our tools with your unique needs in mind, including ATM fee rebates, high mobile check deposit and funds transfer limits, and a flexible funds availability policy. The Recognition You Deserve Through the Premier Cash Management program, receive generous fee waivers, identity protection benefits and enhanced servicing. Simplify your financial life with cash management solutions at Morgan Stanley. Learn more inside. 3

4 Cash Management Solutions At-A-Glance Through your Morgan Stanley Active Assets Account, you can access a full suite of cash management solutions to help you manage your everyday finances. DEBIT CARD WITH ATM FEE REBATES WORLDWIDE* THE CARDS FROM AMERICAN EXPRESS PAYMENTS (ONLINE BILL PAY) ONLINE UNLIMITED CHECK WRITING DIRECT DEPOSIT ELECTRONIC MOVEMENT OF FUNDS MOBILE APP * Reserved clients are eligible for unlimited ATM fee rebates and Non-Reserved clients are eligible for up to $200 in annual ATM fee rebates per calendar year. 4

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6 Active Assets Account Your Gateway to Managing Your Everyday Finances Take advantage of the breadth of cash management solutions available at Morgan Stanley through the Active Assets Account. Manage your day-to-day cash in one Active Assets Account alongside your long-term investments, or use different accounts to provide separation between your everyday finances and investment activities. Automatic Sweep Idle cash balances in your Active Assets Account (including deposits, dividends, interest and investment sales proceeds) are automatically swept each night through the Bank Deposit Program into interest-bearing FDIC-insured deposit accounts and/or a money market mutual fund. 1 These cash balances remain a component of your cash available to invest or spend. Savings Program The Morgan Stanley Savings Program can help you make the most of your cash reserved to help meet short-term goals. These cash balances are not a component of your cash available to invest or spend, but are visible in your portfolio overview. Offered through Morgan Stanley Smith Barney LLC (MSSB), eligible deposits made under Savings are FDIC-insured up to applicable limits and is available to eligible clients with deposits held at Morgan Stanley Bank, N.A. ( MSBNA ) or Morgan Stanley Private Bank, National Association ( MSPBNA ). DISCLOSURE: An investor should consider the investment objectives, risks, and charges and expenses of a money market fund(s) carefully before investing. A prospectus which contains this and other important information about the money market fund(s) may be obtained from your Financial Advisor, Private Wealth Advisor or from Morgan Stanley Investment Management at com/wealth-investmentstrategies/ratemonitor.html. Please read the prospectus carefully before investing or sending money. 6

7 Direct Deposits Deposit your paycheck, Social Security benefit or other recurring funds automatically into your account. Your deposit is immediately available for withdrawal. Unlimited Check Writing Activity reporting displays check payee names on your statements, online and via our Mobile App available for download from the Apple App Store SM and from Google Play. Check images can be viewed on Morgan Stanley Online and on the Mobile App. Consolidated Reporting Receive comprehensive monthly statement summaries by mail or by edelivery. You also receive a consolidated year-end report that shows all your account activity throughout the year to help you with record keeping and tax preparation. Morgan Stanley Debit Card and ATM Fee Rebates Use your Morgan Stanley Debit Card to make purchases or access your funds at more than 2 million ATMs worldwide. The Morgan Stanley Debit Card is accepted at merchants or ATMs displaying the MasterCard, Maestro or STAR Network logos. Receive ATM fee rebates worldwide when you use your Debit Card to access cash. The Debit Card features chip & PIN technology, a global standard in security that encrypts your information and helps reduce the risk of fraud. 7

8 The Platinum Card from American Express Exclusively for Morgan Stanley The Platinum Card from American Express Exclusively for Morgan Stanley offers a range of travel benefits and extraordinary experiences, and features Invest with Rewards and an Anniversary Spend Award. Platinum Card Members gain access to everything from select airport lounges to the exceptional services of the Platinum Card Concierge, ready to offer assistance day and night. Plus, Platinum Card Members can add one Additional Platinum Card at no additional fee. The Morgan Stanley Credit Card from American Express The Morgan Stanley Credit Card from American Express offers clients in search of a rewarding credit card the ideal choice. Enjoy the flexibility to pay over time with interest, as well as abundant rewards for the purchases you make every day with Additional Cards at no annual fee. Plus, enjoy an Anniversary Spend Award and the opportunity to Invest with Rewards. Both cards offer the award-winning Membership Rewards program 2 and unique features and benefits designed exclusively for Morgan Stanley clients. Visit to learn more American Express Company. All rights reserved. 8

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10 Freedom to Access Your Account When and Where You Want Our digital tools are available to help you conveniently manage your daily finances. Morgan Stanley Online View, consolidate and manage your cash (view available cash, set up alerts), make payments and transfer funds in one place at Mobile App Use our Mobile App available for iphone, ipad and Android TM anytime, anywhere for all your cash management needs including remote check deposits. You can also easily log in with Touch ID, available on ipad/iphone only. Mobile Deposits 3 Scan and deposit checks drawn on U.S.-based banks, anytime, anywhere with the Morgan Stanley Mobile App. View a copy of your deposit online or on the Mobile App. This capability also accommodates some of the highest deposit limits in the industry. Payments (Online Bill Pay) Conveniently pay your bills on Morgan Stanley Online or the Morgan Stanley Mobile App. Receive ebills, schedule one-time or recurring payments and track the status of your payments for greater financial control. Transfers Use Morgan Stanley Online, the Morgan Stanley Mobile App, or call your Financial Advisor to transfer funds instantly between multiple Active Assets Accounts, and also to and from external financial institutions linked to your account. eauthorizations for Wires Electronically approve wire transactions directly on Morgan Stanley Online or via the Mobile App. With eauthorizations, you no longer need to sign a paper Letter of Authorization (LOA) to authorize a wire transfer request. 10

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12 Get Recognized with Premier Cash Management Morgan Stanley recognizes and rewards clients for consistently using the firm s cash management solutions through the Premier Cash Management program. With this program, you gain access to select benefits, savings and enhanced services that have been designed exclusively for you. Savings and Bonuses Select Account and Service Fee Waivers including a No Annual Fee Active Assets Account with no Cash Management Service Fees Enhanced Debit Card benefits including Unlimited ATM Fee Rebates Worldwide and No Foreign Transaction Fees $550 Annual Engagement Bonus for Reserved 4 Clients with a Platinum Card from American Express Exclusively for Morgan Stanley 5 Certain Morgan Stanley Debit Cardholders may also qualify.* Identity Protection Identity Theft Monitoring Three Bureau Credit Reporting Alerts Fraud Resolution Assistance Lost Wallet Service $1 Million Identity Theft Insurance ChildSecure Premium Service Access to U.S.-based Cash Management Service Professionals when your Financial Advisor is unavailable Front-of-the-Queue Priority Complimentary Expedited Debit Card and Check Delivery * You may be eligible to receive the Annual Engagement Bonus if you are a cardholder of one or more Morgan Stanley Debit Card(s) with your aggregate debit card spend across eligible accounts totaling at least $100,000 during the calendar year. Limit one (1) Annual Engagement Bonus per qualifying client per calendar year. For more information, please see the Premier Cash Management Terms and Conditions. 12

13 How to Qualify for Premier Cash Management You qualify for Premier Cash Management by establishing direct deposit or maintaining a minimum cash balance and by using a minimum number of Morgan Stanley payment services as outlined below for three consecutive months: Cash Balance Requirement Monthly total direct deposits of $2,500+ across eligible accounts 6 OR Maintain average daily cash balances of $50,000+ across eligible accounts 7 Payment Services Requirement Use any two or more of the following Morgan Stanley payment types each month: 8 Check Writing Online Bill Pay Automated Clearing House Payments Debit Card The Morgan Stanley Cards from American Express You will enjoy automatic renewal in the Premier Cash Management program, with no interruption in benefits, every January following your Premier program anniversary date, as long as you have maintained your Premier status, as defined above, for the preceding three consecutive months. 13

14 Why Cash Management Solutions at Morgan Stanley The Relationship You Want Personalized advice and service from your Financial Advisor and their team Integrated account management with a comprehensive view of your total finances 24 hours a day, 7 days a week access to U.S.-based Cash Management Service Professionals when your Financial Advisor and their team are unavailable The Solutions You Need One of the highest daily mobile deposit and electronic funds transfer limits in the industry Access to over 2 million ATMs worldwide with ATM fee rebates Immediate access to deposited funds for investment purposes Digital and mobile solutions built to provide you with a complete view of your financial activities The Recognition You Deserve THROUGH THE PREMIER CASH MANAGEMENT PROGRAM, RECEIVE: Account and service fee waivers Peace of mind with identity protection Front-of-the-queue priority access to U.S.-based Cash Management Service Professionals, when your Financial Advisor and their team are unavailable 14

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17 Contact your Financial Advisor for an in-depth perspective on using cash management solutions from Morgan Stanley to help you achieve your overall financial goals short term and long term. Or call to speak to a service representative. 17

18 1 An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund. 2 The Membership Rewards program from American Express has been praised by Business Traveler magazine since 2011 as the Best Credit Card Rewards Program in its Best in Business Travel Awards and has won the GlobeRunner Award for Best Credit/Charge Card Points Program from Frequent Business Traveler since Mobile remote deposit is subject to terms and conditions. Daily limits vary and are dependent on asset level. 4 To qualify for Reserved status, a client s household must have and maintain a minimum of $1,000,000 in eligible assets and liabilities or have paid at least $10,000 in managed fees/commissions. For more information about qualifying for Reserved status, contact your Morgan Stanley Financial Advisor. 5 Only Basic Card Members holding the Platinum Card from American Express Exclusively for Morgan Stanley who are members of Reserved households will receive an annual $550 Engagement Bonus from Morgan Stanley. The Basic Card Member is defined as the primary account holder. If you do not meet a minimum spending requirement of $1,000 on your Platinum Card from American Express Exclusively for Morgan Stanley, then Morgan Stanley may be required to report the $550 Annual Engagement Bonus as taxable income on your Form Only direct deposits in an Active Assets Account or Basic Securities Account (Single, Joint, Sole Proprietorship, Personal Holding Corporations), or Revocable Living Trusts are eligible. 7 Only cash balances in an Active Assets Account or Basic Securities Account (Single, Joint, Sole Proprietorship, Personal Holding Corporation, Revocable Living Trusts) or Individual IRAs are eligible. Other cash balances in account types as periodically determined by Morgan Stanley may be available. 8 Eligible accounts are AAA only. Two separate payment types are needed monthly repeat uses of one payment type does not qualify (e.g., five debit card purchases is one instance of qualifying payment type). The Active Assets Account (AAA) and the Basic Securities Account are brokerage accounts offered through Morgan Stanley. Under the Bank Deposit Program, cash balances held in account(s) at Morgan Stanley Smith Barney LLC are automatically deposited into an interest bearing FDIC-insured deposit account(s), at Morgan Stanley Bank, N.A. and/ or Morgan Stanley Private Bank, National Association, each a national bank, Member FDIC, and an affiliate of Morgan Stanley Smith Barney LLC. Detailed information on federal deposit insurance coverage is available on the FDIC s website ( Cash balances generally include the uninvested cash in a client s account(s) minus certain items such as purchase transactions due to settle within a specified time period, other charges to a client s account(s), and cash balances that are designated as collateral for a client s obligations. Under the Savings Program ( Savings ), Morgan Stanley Smith Barney LLC makes available interest-bearing FDIC-insured deposit accounts(s) at either Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A., each a national bank, Member FDIC, and an affiliate of Morgan Stanley Smith Barney LLC, as selected by the client. Deposits placed in Savings are eligible for FDIC insurance up to $250,000 (including principal and interest) per depositor, per each bank selected by the client for all deposits held in the same insurable capacity (the Maximum Applicable Deposit Insurance Amount). All deposits per bank held in the same insurable capacity will be aggregated for purposes of the Maximum Applicable Deposit Insurance Amount, including deposits maintained through the Bank Deposit Program. You are responsible for monitoring the total amount held with each bank. Detailed information on federal deposit insurance coverage is available on the FDIC s website ( Each bank also reserves the right to offer promotional rates from time to time. The Savings Program is not intended for clients who need to have frequent access to funds and those funds will not be automatically accessed to reduce a debit or margin loan in your brokerage account. Withdrawals from an account in Savings are limited to 10 transactions per calendar month, and any withdrawal or transfer over the limit in any one calendar month will be subject to an excess withdrawal fee. The Morgan Stanley Debit Card is currently issued by UMB Bank, n.a., pursuant to a license from MasterCard International Incorporated. MasterCard and 18

19 Maestro are registered trademarks of MasterCard International Incorporated. The third-party trademarks and service marks contained herein are the property of their respective owners. Reserved clients are eligible for unlimited ATM fee rebates and Non-Reserved clients are eligible for up to $200 in ATM fee rebates per calendar year. Daily withdrawal limits of $1,500 to $5,000 for ATMs and $25,000 to $50,000 for teller cash advances, depending upon tier. Unlike ATM fees that are rebated, Morgan Stanley will not reimburse fees that banks may charge for Debit Card cash advance. Bill payments can take up to 4 business days for the payee to receive. Transfers of up to $100,000 daily for existing Reserved clients. While Morgan Stanley will always make transferred and deposited funds available immediately for investment purposes, we may not make all transferred or deposited funds immediately available for withdrawal. Funds deposited by check or funds transfer may be delayed depending on certain circumstances such as dollar value, account status, etc. and could be held for up to six business days. Please contact your Financial Advisor or Private Wealth Advisor for additional information and/or review the Fund Availability Policy by signing into your Morgan Stanley Online account. The Morgan Stanley Credit Card from American Express or 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 ). Eligible account means a Morgan Stanley Smith Barney LLC brokerage account held in your name or in the name of a revocable trust where the client is the grantor and trustee, except for the following accounts: Charitable Remainder Annuity Trusts, Charitable Remainder Unitrusts, irrevocable trusts and employer-sponsored accounts. Eligibility is subject to change. American Express may cancel your Card Account and participation in this program, if you do not maintain an eligible account. Morgan Stanley Smith Barney LLC may compensate your Financial Advisor and other employees in connection with your acquisition or use of either the Morgan Stanley Credit Card from American Express or the Platinum Card from American Express exclusively for Morgan Stanley. The Morgan Stanley Cards from American Express are issued by American Express Bank, FSB, not Morgan Stanley Smith Barney LLC. Services and rewards for the Cards are provided by 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. The Morgan Stanley Mobile App is currently available for iphone and ipad from the App Store SM and for Android on Google Play. Subject to cell phone connectivity. Standard messaging and data rates from your provider may apply. Mobile remote deposit is subject to terms and conditions. Daily limits vary and are dependent on asset level. Premier Cash Management is an incentive program that recognizes and rewards clients for choosing Morgan Stanley for their everyday cash management needs. Clients must meet certain criteria in order to qualify for the Premier Cash Management program, and Morgan Stanley Smith Barney LLC reserves the right to change or terminate the program at any time and without notice. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with affiliated and non-affiliated parties to assist in offering certain products and services related to Premier Cash Management. Please refer to the Premier Cash Management Terms and Conditions for further details at: premiercashmanagementtermsconditions.pdf. Fee waivers and benefits for the Morgan Stanley Debit Card will be applied only to debit card(s) associated with the AAA designated to receive Premier Cash Management benefits. These benefits include: (1) fees charged by third party ATM operators for cash withdrawals are automatically reimbursed to the extent they can be identified by Morgan Stanley; and (2) foreign transaction fees are waived. 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 19

20 2017 Morgan Stanley Smith Barney LLC. Member SIPC. PBG CRC /17 CS /17