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

To: gbh who wrote (9062)	7/12/1998 1:50:00 PM
From: Mama Bear	Read Replies (2) \| Respond to of 16892

Well, I sure won't be opening a Discover or a Fidelity account. <g> I was relating how Waterhouse clears checks. They have no problem with letting you use margin funds to cover a check. Remember though, Datek has no money market account, just an entry for "available cash". My current available cash includes more than my "real cash" balance would if the type 5 account cash were deducted. My assumption was that Datek would allow you to write checks up to the "available cash" limit. Perhaps that is incorrect. I guess we'll just have to wait and see how Datek decides to do it. Barb