Cash Management Solutions for Morgan Stanley Employees

2023 Plan Information

As a Morgan Stanley employee you have access to a full suite of cash management solutions to help you manage your cash needs. These solutions are available in two main brokerage account types – CashPlus Account and Active Assets Account. Both account types offer Morgan Stanley employees and employee-related accounts exclusive benefits.

The CashPlus Account

CashPlus Benefits — Value and protection with the CashPlus Account

  • No cash management fees1
  • With the Morgan Stanley Debit Card:
    • Unlimited ATM fee rebates worldwide
    • No foreign transaction fees and no cash advance fees
  • Complimentary Greenlight Debit Card for family2
  • Complimentary identity and credit protection from Experian
  • Enhanced benefits from MasterCard, including extended warranty, satisfaction guarantee and price protection
  • $695 annual engagement bonus for Platinum CashPlus clients with the Platinum Card from American Express, exclusively for Morgan Stanley3
  • 100,000 Membership Rewards points4

Visit the American Express website for more information.

Special Employee Offer — lower Employee Criteria for the CashPlus Account

Premier CashPlus

  • Open a Premier CashPlus Account
  • Deposit at least $1,000 monthly or $10,000 average daily cash balances (in the bank deposit program (BDP))5
  • Morgan Stanley online registration required
  • No additional investment account is required

Platinum Cashplus

  • Open a Platinum CashPlus Account
  • Deposit $5,000 monthly (no cash balance requirement)6
  • Morgan Stanley online registration required
  • $15 monthly account fee waived if criteria is met
  • No additional investment account is required6
  • $55 monthly account fee waived if criteria is met

Getting Started

Open an account via three options:*

  1. Open an account online (for CashPlus and existing clients only).
  2. Call a Morgan Stanley Virtual Advisor (MSVA) at 866-888-0255.
  3. Contact your current Financial Advisor (FA) or if you are looking for an FA, email EmployeeConcierge.

* Not sure which option is right for you? Type “yourfinances” in your browser.

Enroll in Direct Deposit with Morgan Stanley Payroll

Log on to the payroll site and elect to have your pay deposited directly into your CashPlus/Active Assets Account (AAA).

The appropriateness of a particular investment strategy or account type will depend on an investor’s individual circumstances and objectives. This communication is not intended to be a personalized security, account type or investment strategy recommendation.

The Active Assets Account (AAA)

The AAA allows you to manage your finances alongside your long-term investments or use a different AAA to separate your cash management activities from your investments — whichever you prefer. Employee and employee-related accounts receive no annual account fee and unlimited ATM fee rebates worldwide.7

CashPlus Account and the Active Assets Account (AAA)

 Premier CashPlusPlatinum CashPlusActive Assets
$695 Annual Engagement Bonus3NoYesNo
Unlimited ATM Fee Rebates WorldwideYes YesYes
(for employees)7
Cash Management Fees Waived (e.g., stop payment)YesYesNo
Foreign Transaction Fees Waived with the Morgan Stanley Debit CardYesYesNo
Complimentary ID and Credit Protection Provided by ExperianUp to two enrollments per Account Link Group (ALG)8Up to four enrollments per ALG8No
Optional Insufficient Funds Coverage9YesYesNo

Margin added upon account opening (may opts out). LAL overdraft available upon request. Subject to LAL Terms and Conditions.
Online TradingNoNoYes
Account OpeningBranch/Virtual Advisor assisted and Client Online Account OpeningBranch/Virtual Advisor assisted
Account Fees$15 unless the following monthly fee avoidance criteria is met:
$1,0005 total monthly deposit (or Social Security deposit in any amount)
OR
$10,0005 average daily BDP balances
$55 unless the following monthly criteria is met:
$5,000 total monthly deposit (or Social Security deposit in any amount)

No average daily BDP required
No annual fee

Depending on the circumstances, Morgan Stanley may be required to report the monthly account fee waiver as imputed income (non-monetary compensation given to employees in the form of fringe benefits). The Firm will cover the amount of tax withholding on the imputed income. You should consult with your tax advisor regarding the tax implications of any fee waivers, including the monthly account fee for the CashPlus Account, based on your specific circumstances.

You should review the CashPlus Account and AAA comparison chart for additional details and to help determine which account type best fits your cash management needs. Additional information is also available at morganstanley.com/cashplus.

Footnotes & Disclosures
1 A monthly account fee will be charged but can be avoided if you meet certain criteria. Third party cash management fees my apply.
2 The Greenlight App and Debit Card is provided by Greenlight Financial Technologies, not Morgan Stanley or any of its affiliates.
3 Platinum CashPlus clients are eligible for the Annual Engagement Bonus (the “Bonus”) if they 1) are the Basic Card Member (primary account holder) of the Platinum Card® from American Express Exclusively for Morgan Stanley (the “Card”); or 2) spend at least $100,000 during the calendar year across Morgan Stanley Debit Cards associated with Platinum CashPlus Accounts in their ALG (the “Debit Card Use Threshold”).
Basic Card Members who apply for, and are approved for, the Card on or after July 1, 2021, will be eligible to receive a Bonus of $695. Basic Card Members with Card Account opening anniversary months taking place through December 31, 2021, will be eligible to receive a Bonus of $550. Effective January 1, 2022, all Basic Card Members will be eligible for the $695 Bonus, which will be paid starting February 1, 2022. 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 please refer to the CashPlus Account Disclosure Statement at https://www.morganstanley.com/wealth-disclosures/cashplusaccountdisclosurestatement.pdf.
4 To be eligible to earn the 100,000 Membership Rewards points, you must be enrolled in the Membership Rewards program at the time of eligible purchase. 100,000 Membership Rewards points will be credited to your account after you charge a total of $6,000 (the “Threshold Amount”) or more of eligible purchases on your Platinum Card from American Express Exclusively for Morgan Stanley from American Express within your first 6 months of Platinum Card from American Express Exclusively for Morgan Stanley Membership. You can earn 100,000 Membership Rewards points after you spend $6,000 on eligible purchases on your card within the first 6 months of card membership starting from the date your account is approved. In rare instances, your period to spend $6,000 may be shorter than 6 months if there is a delay in receiving your Card. Also, purchases may fall outside of the 6-month period in some cases, such as a delay in merchants submitting transactions to us or if the purchase date differs from the date you made the transaction. (For example, if you buy goods online, the purchase date may be the date the goods are shipped). Eligible purchases can be made by the Basic Card Member and any Additional Card Members on a single Card account. Eligible purchases are purchases for goods and services minus returns and other credits. Eligible purchases to meet the Threshold Amount do NOT include fees or interest charges, purchases of travelers checks, purchases or reloading of prepaid cards, purchases of gift cards, person-to-person payments, or purchases of other cash equivalents. Additional terms and restrictions apply. Points will be credited to your Membership Rewards account within 8-12 weeks after the last eligible purchase you made to meet the Threshold Amount appears on your monthly billing statement. If we in our sole discretion determine that you have engaged in abuse, misuse, or gaming in connection with the welcome offer in any way or that you intend to do so (for example, if you applied for one or more cards to obtain a welcome offer (s) that we did not intend for you; if you cancel or downgrade your account within 12 months after acquiring it; or if you cancel or return purchases you made to meet the Threshold Amount), we may not credit the Membership Rewards points to, we may freeze the Membership Rewards points credited to, or we may take away the Membership Rewards points from your account. We may also cancel this Card account and other Card accounts you may have with us. If you have any questions regarding this offer, please call the number on the back of your Card.
Your Card account must not be canceled or past due at the time of fulfillment of any offers. American Express reserves the right to modify or revoke offer at any time.
Terms and Conditions for the Membership Rewards program apply. Visit membershiprewards.com/terms for more information. Participating partners and available rewards are subject to change without notice.
The value of Membership Rewards points varies according to how you choose to use them. To learn more, go to membershiprewards.com/Pointsinfo.
American Express reserves the right to modify or revoke offer at any time.
5 $2,500 total monthly deposit or $25,000 average daily BDP balances for all other clients.
6 $5,000 monthly deposit and $25,000 average daily BDP balances for all other clients
7 Employee and Employee-Related Accounts receive unlimited worldwide ATM fee rebates. For Employee and Employee-Related Accounts with less than $1 million in assets, ATM fee rebates credited over $200 annually are considered a taxable benefit, and Morgan Stanley will provide a tax gross up payment via Employee payroll to offset this incremental tax burden. Morgan Stanley is not responsible for any additional taxes that may be due as a result of this offer based on employees’ personal tax situations. There are no tax implications for Employee and Employee-Related Accounts with more than $1 million in assets that receive the unlimited ATM fee rebates. An employee-related account is any account owned or controlled, in whole or in part directly or indirectly, by (i) an employee’s spouse or domestic partner; or (ii) an employee’s child or other relative of an employee or relative of an employee’s spouse or domestic partner, who resides in the same household as the employee, or to whom the employee, the employee’s spouse or domestic partner contributes substantial financial support (for example, a child in college or any other family member who an Managing Your Finances with Morgan Stanley employee claims as a dependent on his/her income tax return or who receives health benefits through an employee). It also includes accounts in which such persons have a beneficial or financial interest or over which such persons have discretion.
8 Enrollee must be a CashPlus account holder within the ALG.
9 Insufficient Funds Coverage covers your use of the debit card, certain ACH and funds transfers, checks that you have written, and any other transaction types that we may include in the future. There is no cost for IFC; however, interest charges may apply if funds are transferred from available margin in your Active Assets Account (“AAA Account”) or from your Liquidity Access Line (“LAL”) (LAL terms and conditions apply).
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: http://www.morganstanley.com/wealthdisclosures/cashplustermsconditions.pdf
The Active Assets Account (AAA) is a brokerage account offered through Morgan Stanley Smith Barney LLC. Investments and services offered through Morgan Stanley Smith Barney LLC, Member SIPC.
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.
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 are 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 at: https://www.morganstanley.com/wealth/services/pdfs/debitcardstc.pdf.
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.
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
Under the Bank Deposit Program, generally cash balances held in account(s) at Morgan Stanley Smith Barney LLC (“MSSB”) are automatically deposited by MSSB 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 MSSB. Detailed information on federal deposit insurance coverage is available on the FDIC’s website (https://www.fdic.gov/deposit/deposits/). 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.
The Greenlight App and Debit Card is provided by Greenlight Financial Technologies, not Morgan Stanley nor any of its affiliates. Morgan Stanley has entered into a referral partnership with Greenlight Technology, Inc., the program manager for the Greenlight card and related mobile application, Greenlight charges a usage fee of $4.99 per month. To learn more about potential fee waivers, visit morganstanley.com/greenlight.
© 2021 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.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investments, 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

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