generic tag to be used for questions related to fees. Ideally to be accompanied by other subject tags

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5
votes
3answers
4k views

What is the standard real estate commission to sell a million dollar home?

I want to list my condominium for US $1.3 million. How can I decide on a fair real estate commission?
13
votes
7answers
10k views

How can I avoid international wire fees or currency transfer fees?

I'm paid by an American company, but travel to France frequently and need to have a French bank account for various reasons. So far the cheapest procedure I've found to transfer money is withdraw ...
7
votes
2answers
410 views

I have access to a 401K at work but the fees are high. Should I contribute, or do otherwise?

I have a retirement plan 401K from work. The employer does NOT contribute anything. I just enrolled into account and got to know that there are fees associated with the account. The fees is ...
8
votes
4answers
218 views

Is my first 401(k) fund allocation reasonable, and with respect to fees?

I just started my first job after school and am now being enrolled in my company's 401k plan, which is handled by Vanguard. By default, I was put into the Target Retirement 2050 Trust II fund, which ...
5
votes
4answers
254 views

What's the deal with these mortgage-refinancing fees?

currently we have 400k on a 20 year mortgage at 3 and 7/8 percent. We can move to 3 1/8 percent 15 year mortgage. The guy says this should save us around 70k over the life of the mortgage. The ...
8
votes
2answers
199 views

Total fees for buying a house in the U.K.?

I'm thinking about buying a house in the UK (England). It will cost a max of £120,000 GBP. As an estimate, how much will all the fees total to, when put together? And apparently for houses less ...
5
votes
2answers
211 views

It is worth using a discount stock broker? I heard they might not get the best price on a trade?

I read somewhere that using a discount broker such a Trade King could actually cost more money because they may not be able to get the best price on a trade. Is there any truth to that? I am currently ...
3
votes
1answer
383 views

Do transaction fees for investing in funds offset the benefit of a low expense ratio?

When looking for low expense-ratio funds (specifically Target Date funds), they all seem to be one of two options: No transaction fees and high expense ratio (Example: AREVX $0 transaction, %.98 ...
6
votes
1answer
472 views

Who owns NASDAQ? Does it collect fees from stock transactions?

If NASDAQ is a corporation, does it make profits by charging fees on transactions? When I pay a fee for buying stocks, am I paying the broker or NASDAQ?
7
votes
2answers
334 views

What are these fees attached to mutual fund FSEMX?

Could somebody please explain these fees attached to FSEMX? Annual Report Expense Ratio (net) Prospectus Net Expense Ratio Prospectus Gross Expense Ratio Finance.yahoo.com indicates that they are ...
4
votes
1answer
228 views

Are there Canadian banks with low or nil user fees?

My banking institution is [again...] raising their fees for the second time in 12 months starting March 1st, 2012. I would like to find a Canadian bank or type of bank that has lower fees, of course. ...
6
votes
3answers
468 views

Do ETF managers charge management fees on top of transaction fees?

I see that ETFs do work very similar to diversification of individual stocks following either an industry or an index. I am thinking of changing my strategy to reduce my cost of investing which at ...
2
votes
3answers
378 views

What extra charges and fees will I be billed for an international credit card transaction?

I've never traveled abroad in the past. I live in the US, and am taking a vacation shortly to Italy. At this time, I'm trying to understand what additional fees will be incurred if I attempt to use ...
9
votes
2answers
513 views

How do 401(k) mutual fund expense ratios work?

Simple question - how do expense ratios work? Is there a fee that is calculated regularly, and the amount is taken out of my account? Is it subtracted from the funds earnings? Context: My work has ...
9
votes
4answers
1k views

Any financial institution that offers free or low fee international money transfer?

I would like my younger brother to start studying in a school here, and this requires frequent international money transfers: The primary source (sponsor) would be family funds that would be wired ...
4
votes
1answer
61 views

Should I have be worrying about selling a mutual fund before keeping it 1 year in an IRA account?

I am considering selling a mutual fund in a Roth account that I have had for less than a year. Since Roth and traditional IRA accounts are tax sheltered and capital gains only apply when distribution ...
2
votes
2answers
4k views

How can I pay off tuition fees from a past semester so that I can enrol in school again?

I still owe my tuition fees for a university of California school from fall 2010. I have been out of school since then with two semesters to go before I can graduate. I've been trying to take out a ...
1
vote
1answer
1k views

Are there downsides to switching from Scottrade to OptionsFirst?

Are there downsides from switching from Scottrade to OptionsFirst? I want to buy stocks, write calls, and write puts. Scottrade lets me buy stocks, write calls, but not write puts. I talked to my ...
4
votes
2answers
243 views

What is an appropriate level of 401k fees or expenses in a typical plan?

I am aware that there are fees involved in a company 401(k) plan. These can vary widely depending on where you work and the particulars of a plan. What would be an appropriate amount of fees and ...
0
votes
2answers
379 views

How do debit card interchange fees work cross-border?

In some countries (for example US, UK), only credit cards have a hefty percentage (usually around 2%) interchange fee, while debit cards have only a small fixed fee for each transaction. But in other ...
0
votes
1answer
184 views

In which European countries do ATMs impose an extra surcharge for withdrawals?

Usually you pay a fee (if any) set by your bank for withdrawing money with your Visa/MC card from ATMs other than those your bank owns, but some ATMs charge the customer an extra fee on top of that ...
0
votes
2answers
243 views

Do ETF dividends make up for fees?

Do ETF dividends generally make up for the fees of the ETF? For example, lets use QQQ.
2
votes
4answers
3k views

Best bank without incoming wire transfer fees, for receiving money regularly? [duplicate]

I'm going to be receiving monthly wire transfers, and I found out that my bank (US Bank) charges $20 for each one. Are there any good banks that don't charge for incoming wire transfers?
6
votes
2answers
254 views

Consider Paypal fees in accounting

I'm a freelancer. I sent an invoice to my client (using InvoiceBubble.com), which he decided to pay via Paypal. Paypal took a fee. How do I take this fee in consideration for my accounting? I marked ...
9
votes
2answers
178 views

Can I recover my deposit (for a future purchase) from a company whose assets are frozen?

We recently paid a catering company $1400 as a deposit for our upcoming wedding. The company was highly recommended by a number of previous clients and had been in business for over a decade. Then ...
3
votes
1answer
658 views

How can I determine the exchange rate and fees that were applied to an international wire transfer?

I received a wire transfer from Europe a while ago. The money was sent as EUR and converted into USD by HSBC. Since the incoming transaction showed an amount that was around 3% less than expected, I ...
8
votes
3answers
583 views

Best / cheapest way to exchange USD for foreign currency cash?

I'm considering taking a trip abroad in a few months, and would like to exchange a moderate amount of money (say less than $2,500) into a couple of currencies (probably 60% Euro, 30% GBP, 10% ...
9
votes
5answers
1k views

Is there a fee if you used your debit card as credit card?

Is there a fee if you used your debit card as credit card? I see people recommending to always run debit card transactions as credit. There is a similar question here as well: What does it mean to ...
3
votes
2answers
319 views

How much “one-time fee” do I have to pay to be able to use PayPal to send money?

From http://help.yahoo.com/l/us/yahoo/smallbusiness/webhosting/sitebuilder2/paypal/paypal-04.html: Personal accounts are meant for use by individuals. With a Personal account, you can send and ...
4
votes
1answer
76 views

How do I research, analyze, and choose the right mutual fund for a roth ira?

I recently opened a Roth IRA in the USA and I'm new to investing. How do I research a mutual fund and what aspects should I analyze to figure out if it fits my investment strategy (I might not even ...
5
votes
1answer
3k views

What is the fee charged for ADRs, which is deducted when dividends are paid?

My brokerage charges me a fee to hold ADRs; this fee is deducted anytime the ADRs pay dividends. I'm told that this is a standard fee and could not be negotiated. Is this fee truly carved in stone, ...
4
votes
3answers
155 views

Minimum investment per year to make Roth IRA worth it?

So I've decided to start a Roth IRA but talking to a few colleagues of mine they said that there's a few fees and stuff that comes with it such that if you don't put in quite a bit of money each year ...
1
vote
2answers
90 views

Evaluating Fees Involved with Combining IRAs

I have several Simple IRAs with several different companies a few of which are not being contributed to actively. I recently received the advice that "as a rule" having a single account is better. ...
17
votes
1answer
695 views

Paying off home mortgage and lender wants a “Recording Fee”

So I whittled down my house note to the point where I have enough cash to just pay it off early and be done with it. Yay! I asked my lender (well more accurately their website) for a "payoff" ...
3
votes
3answers
172 views

Will I incur late fees, now that I am making infrequent/late payments on my auto loan?

I have been unemployed for 6 months now. I have been making infrequent payments on my auto loan. I am suppose to be paid up in May of 2012. My lien holder never sends me my balances or a bill, so I ...
5
votes
3answers
270 views

Choosing the “right” NAPFA advisor, and whether fees are fair, etc.?

As most of you perhaps know already, NAPFA is an association of fee-only financial advisors who do anything from pure investment to tax advising to "full spectrum" financial planning. As opposed to ...
8
votes
1answer
303 views

What fees should I expect when buying and/or selling a house?

I am looking at my options of buying a house out of college. I am comparing the cost of buying a cheaper house now and then in about 5 years moving up to a house that will be able to support a family ...
5
votes
3answers
148 views

Broker fees: Who gets the spread?

If one uses an online brokerage, or like my bank which offers me 100 free trades per year and I thus have no broker, who gets the spread?
2
votes
1answer
2k views

What are ECN fees? Are ECN fees under an investor's control?

At this Questrade link: http://www.questrade.com/trading/stocks_ecn_101.aspx ... they explain what kind of trades incur ECN fees. At this moment, I do not understand a lot about these fees. But so ...
2
votes
1answer
117 views

Went over my credit limit by a bit. I paid half of the balance today. Any consequences?

I saw that my card had went over the credit limit. I paid half of the balance off today. I also requested for additional credit. Will there be any penalty fees?
6
votes
1answer
164 views

Lower risk short-term investment during periods of low interest rates

I've been reading about the basics of personal finance and most resources suggest investments based on benefits that don't seem to exist when interest rates are as low as they are. For instance: I've ...
3
votes
2answers
164 views

Can I roll back an accidental brokerage & retirement account transfer?

I transferred my accounts (Brokerage + Traditional IRA + Roth IRA) from E*Trade to Edward Jones in full. I didn't realize a couple things in the process: That fees would be assessed ($180). That the ...
1
vote
4answers
106 views

How Do Fund Fees Turn Up Exactly?

Regarding the overhead or expense fees associated with holding shares in a mutual fund, how do the fees affect what I'm holding? Is it taken out of the share price? Is it taken out of the ...
8
votes
2answers
1k views

401k Rollover - on my own or through my financial advisor?

I recently changed jobs and have a sizable sum in my old employer's 401k plan. It's doing fine but there are quite a few fees and I would prefer to roll it over. I'm considering two options. First, ...
6
votes
2answers
10k views

Can I deposit checks into my credit union into another bank's ATM?

My wife and I have a Bank of America savings and checking account. We got hit with our first fee for the pleasure of having an account and I want to move to a credit union. My wife feels comfortable ...
7
votes
2answers
383 views

401(k) administration fees vs Rollover IRA fees?

I'm evaluating rolling over my old 401(k) into a self-administered IRA. I know the general costs and benefits (mostly benefits, in terms of increased flexibility, as stated here), but I'd like to see ...
6
votes
4answers
1k views

Best bank for withdrawing cash when traveling outside the U.S.?

When I travel abroad (outside the US), it can get pricey to transfer money. I usually withdraw cash using my bank's debit card, but they charge a transaction fee and a percentage fee, I believe. For ...
6
votes
2answers
587 views

Credit cards: How is a cash advance different from a purchase? Why are the fees so high?

I have a couple of questions about the notion of "cash advance" on credit cards. How does the credit company decide if some transaction is a "cash advance"? Does the merchant tell the credit ...
5
votes
2answers
161 views

Tuition Fees - Are British students who have already started their course affected by the recent vote to increase tuition fees?

I've read that students who are already at university and will not be affected by the changes in tuition fees, which have been voted in today in Britain. However, given the very deceptive wording in ...
6
votes
5answers
320 views

What is the best way to access money in the UK while living and working in Germany?

I'm a self-employed Brit living and working in Germany, but virtually all of my clients are still in the UK and so pay me by BACS into my Nationwide UK current account in pounds Sterling. I've been ...