Checking Account

MB Trading Attn: New Accounts 1926 E. Maple Avenue El Segundo, CA 90245

The PenFlex checking account is a special cash management service that links to your account’s money market fund and allows access to check writing, a debit card, and ACH direct deposits for an annual fee of $30 (for accounts with a debit card). To open a checking account, simply complete and mail in the application to the right. Faxed applications will not be accepted.

* A debit card is available to anyone who meets and maintains an equity balance of $10,000. The debit card is not available for Day-trading accounts. The PenFlex® Account is not available to IRA, UGMA/UTMA accounts, or for accounts that process wires. Each check re-order cost $5.00. For a complete fees list please Click here.

Requirements

No minimum balance for a checking account

$10,000 minimum balance for a debit card

Service

Account detail consolidated with monthly brokerage statement

Daily activity screen available at http://online.penson.com

Quarterly and Year-End statements

Debit Card

Accepted world-wide at more than 16 million merchants

Access to over 440,000 ATMs world-wide

ATM withdrawals up to $500 per day