Our brokerage accounts have features that are similar to a bank account—you can deposit and withdraw money when you wish, use checks, debit cards, and make automatic payments. However, there are a couple major differences between them. Your brokerage account gives you the ability to buy and sell securities (e.g., mutual funds, ETFs, stocks, bonds, etc.) to help grow your money, while a bank account typically helps you manage your cash through a savings or checking account. Brokerage accounts are also not FDIC Insured, while bank balances are (up to $250K per depositor). The insurance you get for a brokerage account only protects you against brokerage failure (SIPC).