Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (9059)	7/12/1998 1:10:00 PM
From: gbh	Read Replies (1) \| Respond to of 16892

Barb, I guess the question is will they let you write checks against available cash balance, or real cash balance? Assume you have $10000 account equity, and hold no positions. Should Datek let you write checks for beyond $10000? I think its reasonable to expect a broker to allow checks against real cash balance. I am virtually certain this is Discover's and Fidelity's policy, but I will call them on Monday to verify this and post here. It is an interesting question though. With Datek's wacky accounting, one might have to be careful. Of course this assumes check writing ever becomes real... gary