Questions tagged [fees]

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

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2 votes
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Can I appeal the cost of a rejected funds transfer from my bank account?

I recently ordered the transfer of 1000 Euros from my bank account in Israel to my bank account in Germany. After a while, when the money didn't arrive, I realized that I made a very silly mistake: ...
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2 votes
2 answers
142 views

What does 'pro rata' mean in an agreement?

I will make an agreement with a company and the text of the agreement includes the following sentence: Remote Based Fee USD $1,200 per month (pro rata) during the period of 1st May 2022 and 31st July ...
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2 votes
2 answers
212 views

Are the fees in my new 401k reasonable?

My employer has just moved from a Simple IRA to a 401k plan that I enrolled in. The fund in the 401k plan is the Vanguard VFORX 2040 target date plan. I felt pretty good about that expense ratio, but ...
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7 votes
5 answers
3k views

Role of fees in mutual funds: Is it exaggerated?

It seems to me that the role of fees in mutual funds is somewhat exaggerated. Say, if funds A and B charge 1.3 and 0.3 percent, respectively, and over a period of 10 years the annualize return of A ...
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15 votes
2 answers
6k views

Money Order shredded by HOA, what do I do?

The HOA (Homeowners' Association) we are dealing with charged an NSF (Non Sufficient Fund) Fee and said they weren't able to cash the money order and since this is regarding a payment due in September,...
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  • 271
0 votes
0 answers
70 views

Sold to close options and Robinhood charged $0.04, but why and how?

This morning I BTO'd 5 call options for $30 and an hour later STC'd for $70, a $40 profit. Robinhood took $0.04 on that STC order, but I can't reason about how or why? Their fee schedule says that its ...
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  • 185
1 vote
0 answers
77 views

Repossession fee refund after 8 years [duplicate]

2013 our car was repossessed by WellsFargo Dealer Services It was sold at auction and fell off my credit report this year. Today I received a check for$125 from an over charge of the repossession fee. ...
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1 vote
0 answers
64 views

Avalilability of very short term loan options for non-salary individual in India

I am a student and I have a non-salary account. I mean, I am not getting salary and getting money every month as scholarship. The amount I am getting as scholarship is not less and is at-least ...
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  • 159
1 vote
0 answers
43 views

What stops the depositary banks of American Depositary Receipts (ADR) from charging the maximum possible fees?

Depositary banks of ADRs periodically charge depositary fees (custodial fees) to the owners of the ADRs by subtracting from ADR dividends. The maximum fees that the depositary bank is allowed to ...
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1 vote
2 answers
123 views

Can capital gains be offset with transaction fees?

If you make a 2.5% capital gain on Dogecoin, but then pay that same amount in transaction fees, do you still have to pay capital gains tax? Or can the capital gains be offset with the loss incurred ...
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2 votes
0 answers
24 views

What is the purpose of NSCC illiquid charges for low-volume stocks?

I understand the situations in which I will be charged an NSCC illiquid charge, and I have read: What are NSCC illiquid charges? From my understanding, stock brokers pass the NSCC illiquid charge to ...
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0 votes
0 answers
53 views

How to calculate all fees to get exact price or profit on wealth simple stocks

I'm trying to calculate all the fees in a trade for a buy and sell, from me being in Canada (CA). So this is for buying or selling a CAD stock or a US stock. I have some theories but wanted to check ...
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  • 113
-3 votes
1 answer
112 views

Why is direct money transfer to other people accounts so expensive?

I see from a similar question that in the US and Canada wire transfer are even more expensive than in Europe where I live. But I am interested in the situation in Europe even though their cost is ...
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  • 113
0 votes
0 answers
47 views

What are the stock fees charged on nonresidents?

When a foreigner invests in the US stock market, are the dividends taxed at 37%? What if the stock does not pay a dividend? Will foreigners be charged anything if the stock does not pay a dividend? Is ...
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1 vote
0 answers
26 views

What happens if send low value swift payment via BEN?

I am wondering what happens if I made a low value swift payment (e.g under £10) which is less than the transaction fee. Would the payment be rejected?
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1 vote
0 answers
84 views

Bitcoin exchange fees [closed]

Where would you go to sell a large quantity of Bitcoin? The major exchanges (such as Coinbase, Gemini, etc.) charge exchange fees in the neighborhood of 1.5% of the amount being exchanged. Are there ...
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  • 151
1 vote
5 answers
260 views

Why do some banks charge a fee for a low account balance?

I'm learning in economics that if your balance gets too low, you have to pay a fee. Why is this? Is it to help support the bank, or as a punishment? Or is it both?
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0 votes
0 answers
94 views

Why broker charge me for BORROW fees when I have a long unsettled position as well to counter the short in the same account [duplicate]

The only reason why I put it here is to find out whether I am a victim or just ignorant of the way brokers deal with option positions that were exercised. Whether I am a victim or just ignorant will ...
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2 votes
0 answers
32 views

What happens to cost of carry when a commodity is short-sold?

Say investor B has a gold bar, and must pay 1 dollar per day to store it. Investor A shorts gold, borrowing the gold bar from B, and selling it to investor C. What I want to know is, what happens to ...
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0 votes
2 answers
327 views

How OPTIONS are settled can be an eye opener and I hope I can get some answers

The only reason why I put it here is to find out whether I am a victim or just ignorant of the way brokers deal with option positions that were exercised. Whether I am a victim or just ignorant ...
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2 votes
6 answers
279 views

Why do credit unions in Germany charge a monthly fee (Kreditvereine Kostenloses Girokonto)?

I recently moved to Germany, and I was shocked to discover that almost all of the credit unions (Kreditvereine) and banks here charge a fee just for me to give them my money. Why? Background: I'm from ...
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7 votes
2 answers
2k views

How does a fund's expense ratio work?

There are several posts here but I cannot wrap my mind around it. Suppose a fund has an expense ratio of 0.055%, as I understand it that means $55 per $1000. Where do the expenses come from? Is every ...
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2 votes
1 answer
321 views

How can I transfer money from a US bank account to an IBAN+BIC number (European bank account) without any fees?

I have a bank account in the US and a bank account in Lithuania. The latter is identified with an IBAN and a BIC. How can I transfer money from my US bank account to an IBAN+BIC number without any ...
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1 vote
0 answers
78 views

One commodity, 2 ETCs, same specs, different return - why?

Background: I hold silver ETC that charges 0.49% TER. There are cheaper ETCs that haven't been around when I entered the market. I am trying to assess if it makes sense to roll over. Interestingly, ...
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  • 289
3 votes
1 answer
1k views

Legality of Bank Inactivity Fees

I hadn't been paying attention to my checking account (in which I kept a minimum balance of $1500 just to avoid a monthly "maintenance fee") for about a year. But, yesterday I logged in and ...
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  • 476
23 votes
5 answers
7k views

Why do small merchants charge an extra 30 cents for small amounts paid by credit card?

Jurisdiction Australia, but could apply globally for all I know. Looking at major Australian bank websites, their EFTPOS contracts mention nothing about transaction fees being different for small ...
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  • 407
-4 votes
1 answer
90 views

Why are outgoing international wires from the United States typically more expensive than outgoing domestic wires?

I see on https://www.finder.com/bank-fees-wire-transfers (mirror) that outgoing international wires from the US are typically more expensive than outgoing domestic wires: Bank Incoming domestic wire ...
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6 votes
2 answers
753 views

Why are ACH transfers typically free, while wire transfers cost money?

I read on finance.umich.edu: A wire is a real-time method of transferring immediate funds and supporting information between two financial institutions and is relatively expensive to use. An ACH is ...
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1 vote
3 answers
157 views

Why do SEPA transfers involve no or minimal fees, while SWIFT transfers may cost anywhere between $15 and $45?

I read on moneytransfers.com (mirror): SEPA transfers involve no or minimal fees, while SWIFT transfers may cost anywhere between $15 and $45. Why do SEPA transfers involve no or minimal fees, while ...
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0 votes
1 answer
120 views

How are volume-based fee schedules applied to HFT crypto trading?

I am trying to understand how volume-based fee schedules would work with a high frequency trading algorithm. Let's say I am trading 1 BTC and I am averaging 1000 trades every 5 minutes. Does the fee ...
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0 votes
2 answers
496 views

What is the difference between a fund and a strategy, and can you compare the two?

I am looking at some funds, and am confused by two things. What is the difference between a fund and a fund strategy? Am I correct in saying that a fund strategy is an underlying portfolio and the ...
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-1 votes
1 answer
129 views

How can I convert a small amount of USD in my PayPal account to USD banknotes in Germany?

I have a small amount of USD (about $200) in my PayPal account, and I want to withdraw that amount and get USD banknotes. I live in Germany, and I only have bank accounts in EUR. The simple method ...
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0 votes
1 answer
58 views

Vanguard Digital Advisor Service Question

Vanguard Digital Advisor is an all-digital service that targets an annual net advisory fee of 0.15% across your enrolled accounts. From my research, your portfolio will consist of the following four ...
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0 votes
1 answer
95 views

Can you avoid fees while self representing

I am a self representing buyer, the property I am interested in purchasing located in Indiana USA, is under list contract. The seller has an agent for the property. As I self represent myself and ...
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0 votes
0 answers
37 views

Reorganization Fee During Bankruptcy [duplicate]

Last year I had a little extra and decided to try my hand at penny stocks. I spent the $200 on shares in 5 different companies trading for under $1 a share, ranging from $20-$80 total per company. I ...
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6 votes
4 answers
3k views

Why don't index ETFs use leverage to offset their fees and eliminate tracking errors?

If a hypothetical stock index returns 100%, an ETF tracking the index might only return 99% because of ETF fees. This introduces tracking errors. Why don't index ETFs use leverage to offset the fees ...
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3 votes
3 answers
267 views

What is a good starting point for a new investor?

Firstly to clarify, I am not looking for financial advice, I am trying to find out where is a reasonable starting point for someone who has no experience, some cash in an ISA and is risk averse. I've ...
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1 vote
1 answer
56 views

Home Loan Refinance Prepayment Penalties

I am a homeowner in the USA. Interest rates have dropped recently and I am exploring the possibility of refinancing my home loa My existing home loan stipulates that the lender cannot charge a ...
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  • 353
1 vote
1 answer
66 views

How can I tell if a target date fund has too many fees?

I've read that when investing in a target date fund (401k or IRA) there are often a lot more fees involved than other funds. These are an easy option though if you're not too sure what to invest in. ...
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1 vote
1 answer
89 views

When doing a FSBO, do you usually offer a percentage of the sale for real estate agents to bring their clients?

When doing a FSBO, do you usually offer a percentage of the sale for real estate agents to bring their clients? I'm wondering of I should use a for-sale-by-owner (FSBO) site or just list my house in ...
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  • 367
4 votes
1 answer
274 views

What are "Tax Relief Fees" on American Depositary Receipt (ADR) dividends?

I noticed that a "Tax Relief Fee" is usually deducted from ADR dividends. Consider AXA ADR's (OTC: AXAHY) 2020 cash dividend announcement, which includes a "Tax Relief Fee" of $0....
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1 vote
1 answer
205 views

Why do I get charged more than the depositary fees + withheld taxes on my American Depositary Receipt (ADR)?

I have 894 shares of AXAHY (which is an American depositary receipts (ADR)) on my Fidelity brokerage account. According to this answer by Flux, the depositary fees for AXAHY in 2020 are 0.04 USD per ...
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1 vote
0 answers
37 views

Does the Depository Trust Company (DTC) publicly announce ADR custodial fees?

To see the historical custodial fees charged by depository banks on ADRs, I usually go to the depositary banks' websites where, if lucky, I am able to find the historical fee information. Today, I ...
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  • 14.7k
0 votes
1 answer
268 views

How can I know the exact Depository Trust Company (DTC) fees on an American Depositary Receipt (ADR) before buying the ADR?

How can I know the Depository Trust Company (DTC) (mirror) fees on an American depositary receipts (ADR) before buying the ADR? For example, let's say I want to purchase some AXAHY ADR via my ...
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0 votes
1 answer
130 views

Economics of long shots on predicit.org [closed]

Predictit.org is a prediction market run by a university as a nonprofit enterprise. They say, "Our fees are necessary to cover the costs related to running this site." In order to have a ...
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0 votes
1 answer
74 views

Ideal country for limited liability company (Ltd.) [closed]

Looking for and ideal country for an Ltd. with the following conditions: English is an official language It's creation and maintenance is at low cost You don't have to be resident of the country You ...
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  • 111
2 votes
0 answers
84 views

What are New York Window fees?

Someone told me that if the stock I want to buy/sell does not trade 100% electronically, my stock broker may need to handle physical share certificates. I was told that I could be charged a "New ...
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  • 14.7k
1 vote
2 answers
97 views

What is a "forced buy-in" for illiquid OTC stocks?

I was reading about the illiquid fee policies of a stock broker: https://www.firstrade.com/content/en-us/customerservice/faqs/illiquidfees/. Excerpt: Forced Buy-Ins: Your sale of a low-priced ...
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  • 14.7k
1 vote
1 answer
177 views

Should I use SHA or OUR for sending an international wire to my stock broker's bank account?

I am trying to send an international wire transfer to my US stock broker, TD Ameritrade. TD Ameritrade has asked me to send a wire to its bank account at First National Bank of Omaha. My local (non-US)...
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  • 14.7k
1 vote
1 answer
576 views

How much does the American Depository Receipt (ADR) cost for Sony stock (SNE)?

I am a resident of USA and want to invest in Sony (SNE), a Japanese stock. My brokerage says I can only do this through an ADR. According to Charles Schwab: American Depositary Receipts (ADRs) are ...
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