Qualified clients have the ability to write their own loans using checks. If you have a margin eligible account, you can use your money market or Insured Bank Deposit checkbook to take an Edward Jones Personal Line of Credit. These special Write Your Own Loan checks clear out of the margin account. All check transactions will appear on your Edward Jones account statement.
For more information on Edward Jones' check writing options, contact your local financial advisor today.
*Certain fees, restrictions and minimum balances may apply. Contact your local financial advisor for more details.
Our Personal Line of Credit is a margin loan and is available only on certain types of accounts. Investing on margin or using a margin loan involves risk and is not appropriate for everyone. You can lose more funds than you deposit in the margin account. If the value of the securities in your margin account decline, you may be required to deposit cash or additional securities. In the event of a margin call, the firm can sell securities or other assets in your accounts and can do so without notice to you. You may not be entitled to choose which securities or other assets in your accounts are liquidated or sold to meet a margin call. The firm can increase its maintenance margin requirements at any time and/or not grant an extension of time on a margin call. Interest will begin to accrue from the date of the loan and be charged to the account.