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Questions tagged [fees]

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

0
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0answers
25 views

What's the cheapest way to transfer ~50k GBP to PLN? [on hold]

I need to transfer 50k GBP from my British to Polish account. What's the cheapest way to do that currently?
3
votes
2answers
138 views

why would I pay for front-end or back-end fees?

These days, many mutual funds from large asset managers such as etrade, Schwab or Vanguard offer no fee for mutual fund buy/sell. So why would I pay for front-end or back-end fees to purchase/sell a ...
3
votes
1answer
170 views

Can a business be charged up to 65% to process credit cards? [closed]

Today I had a service call to get my washing machine working. (The problem turned out to be the lid switch had failed mid-cycle.) When I called for service, the gentleman told me that they don't take ...
1
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1answer
77 views

In a loan, how does account/admin fees work? [closed]

For a loan, how does monthly/yearly account fees work? Do they get added to the loan balance and will then affect the interest?
4
votes
1answer
123 views

Why are the investment options in a 401(k) so limited?

Why is it that with my IRA I can buy individual stocks, ETF's, mutual funds, etc yet in my 401(k) plan I am limited to select funds? Luckily the funds I have to choose from are decent but I can't ...
0
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1answer
33 views

Can I trade US securities from international non US broker?

I was wondering about what are the advantages/disadvantages of trading US stocks on the American Stock Exchange from a non US broker versus trading the same US stocks on a non US stock exchange from a ...
1
vote
2answers
32 views

Spreads on taker-maker exchange

Intuitively, I feel that, for a given stock traded on 2 exchanges with different price structure (i.e., exchange A is maker-taker, exchange B is taker-maker), the spread should be wider on exchange B (...
0
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1answer
39 views

ETF annual expense ratio: how to calculate on a portfolio?

I'm building a portfolio on Excel that includes the following data: price at purchase number of shares commission/fees current price How should I calculate the impact of the Annual Expense Ratio to ...
0
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1answer
73 views

Best IRA investment strategy

Two questions here: What is the best investment strategy for low risk income-oriented investor? What is an acceptable fee for IRA money management? I have a 401k account I am looking to roll over ...
25
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8answers
5k views

Fee-only financial advice vs. asset management (which includes advice)?

My wife and I are looking for a financial advisor. I am 52 and she is 48. We have a million plus in assets, with most of that in 401k... about 500,000 in a brokerage account. We have found a ...
3
votes
1answer
69 views

Calculating or estimating implicit fees from 401k

I'm looking at my most recent Account Statement from a previous employer's 401k. There's a lil table on the first page with the opening balance, the range of dates that pertain to the statement, how ...
2
votes
1answer
108 views

What are the fees for selling ETFs from a savings plan in Germany?

When I create a savings plan for ETFs in Germany at a german bank, I collect securities, ETFs in this context, over time. After the end of my savings plan's duration, I do not exactly understand what ...
4
votes
1answer
1k views

Broker charging 15% on leasing a no fee apartment in NYC. Can he do this?

I am going to sign a lease on a no fee apartment in NYC and my broker is charging me 15%. Can he do this? I thought no fee means the landlord/management company pays the broker? Please advise.
1
vote
1answer
130 views

Avoiding Chase monthly checking account fee

With my checking account I have maintained a daily balance greater than 1500 dollars to avoid the 12 dollar monthly fee. As I earned more income I started moving it to a savings. Now I have ...
1
vote
1answer
131 views

How can I accurately anticipate wire transfer fees from intermediary banks?

When sending an international wire transfer, the transmitting and receiving financial institutions both (usually) assess fees associated with the transfer. These fees can be accurately anticipated by ...
0
votes
2answers
110 views

Help me understand these options prices

I learned about options in a financial mathmatics class a few years ago, and recently I thought I'd buy some for fun/to learn how it's done in real life. I don't like Intel (don't hate me) and it was ...
2
votes
1answer
190 views

Is an ATM legally obliged to display withdraw fees in the United States?

Is an ATM legally obliged to display withdraw fees in the United States?
1
vote
1answer
232 views

What costs do banks incur on processing credit card refunds in foreign currency?

When a credit card transaction is in currency different to the one of the card, it is pretty normal for banks to charge a 1-3% fee associated with the currency conversion. Some banks do this by using ...
0
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0answers
82 views

ETF - Why are the fees so different?

I'm doing some research to set up my ETF portfolio. I've noticed that some ETF's seem almost perfectly similar, the management fees are sometimes not in line. Let's look at Europe for example. I ...
5
votes
3answers
242 views

Buying less shares more frequently [closed]

I'm going to university in a few months and was looking to invest any weekly surplus (£50-75) from my student loan into an index fund. Most funds appreciate in value by about 7% a year on average ...
4
votes
2answers
135 views

Sources of international wire charges?

A person in China wire transferred X US Dollars (after fees & charges of the sending bank) to my Capital One 360 checking account in the US, and the amount I received was X-15 USD. When I contact ...
0
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1answer
42 views

Is PayPal's percentage fee applied before or after the flat fee?

For example: sending $100 at base US rates (2.9%, $0.30): Fee is $0.30 + $2.8913 = $3.1913 (applying the % after the flat rate) Fee is $2.90 + $0.30 = $3.20 (applying the % to the $ sent)
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0answers
208 views

Accountant didn't file my taxes!

The IRS issued me a fine for non-filing of returns. My accountant prepared my taxes, I e-signed them and he says he e-filed back when they were due but now he can't produce a confirmation number. I ...
0
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0answers
66 views

How to cash USD vouchers without paying more banking fees than sending a postal package containing cash?

I worked for a company based in the United States as part of a non-commercial activity (I mean the income is not taxable to the IRS and thus I can’t get an itin or ssn in order to open a bank account)....
4
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3answers
205 views

Is a “bookkeeping fee” normal for a 401k plan?

During my work years I had couple of 401 K plans with my employers. My current plan charges higher fees then any of previous plans. Recently there appeared one more so called "Bookkeeping fee" ...
5
votes
0answers
182 views

Estate agent wants to charge a large amount to change the contract

I live with two other people in a house share in the UK. One is moving out, and the estate agent who handles the contract wants to charge us £300 for the pleasure of changing a name. We think this is ...
0
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1answer
99 views

Strategy for investing in ETFs with high brokerage fee

I've been investing in ETFs according to my strategy for almost a year; everything looks good but one thing bothers me. My local stock exchange offers only three ETFs (tracking S&P, DAX and WIG20)....
0
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4answers
156 views

How do you make money after paying trading fees on a small account?

I have been using the Robinhood platform for my trades since there is no fee for a trade. I'd like to switch to something a little more feature rich but I just can't figure out how you all pay the ...
25
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7answers
14k views

Should I pay for a computer up-front or on finance?

This reads a bit like a home-work question, but this is actually my situation. The job I've taken is a BYOD (bring your own device), workplace and I prefer to use my own equipment. I've just started ...
1
vote
1answer
206 views

Does PayPal working capital offer a good value?

I'd like to know how to determine if PayPal working capital is a good value. Their calculator can be found here: https://www.paypal.com/us/workingcapital/. The way it works is the larger the gap ...
1
vote
1answer
621 views

Are the New York State Deferred Compensation Plan (NYSDCP) 457(b) Costs and Fees Comparable to Other Retirement Investment Options?

I'm considering enrolling in the NYSDCP and reviewed the administrative fees at: https://www.nysdcp.com/tcm/nysdcp/static/fee_transparency.pdf?r=1 I'm trying to assess whether the fee schedule is ...
4
votes
1answer
112 views

What can I do with a HSA after I leave a HDHP

I have a HSA which I opened with a previous employer who offered a HDHP. My new employer does not have a HDHP plan. Because I'm no longer an employee with my previous employer, my HSA custodian (...
0
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1answer
41 views

Delivery fees on which value

Consider the following scenario: I purchase 1 share of X at the price of 100 and another share at price 102. On the same day, I sell 1 share at 104. The remaining share is delivered to my demat ...
2
votes
1answer
81 views

Santander investment platform [closed]

Santander (the bank) offer an 'investment platform', where you can invest in various funds (albeit, a limited range) for a management fee. Is this a reasonable provider to use? What are the pros and ...
1
vote
1answer
229 views

I may have made an ineligible contribution to a Roth IRA. What should I do?

Early this year (before mid-April) I received in excess of $11,000 in taxable inheritance income. The income was distributed from several annuities. I deposited $5,500 into a Roth IRA for the 2016 tax ...
20
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3answers
5k views

What are reasonable fees for financial advice?

I'm currently looking for a fee-only financial advisor. About 15 years ago I met with someone who prepared a simple financial plan over a few hours; this cost me $300 and was among the best choices I ...
1
vote
1answer
84 views

What percentage of a trade should be fees?

What percentage of a trade should be fees? For example, if I know that the fees for a trade would be €10 then what should I invest overall to make it worth while?
0
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1answer
70 views

How do you find a fund to match a much higher fee fund in one's 401(k)?

I keep hearing about how it's really important to use low fee funds (especially those from Vanguard) in your 401(k) to avoid high fees, especially over the years. I just have no idea how to identify ...
0
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2answers
57 views

How to model fees from trades on online platforms?

So stock exchanges like super trade or options express have thresholds for the way they price trades on their platform. So for instance, say for less than 100 trades it costs $17 per trade, and then ...
0
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1answer
84 views

Pennsylvania real estate - buyer agency contract

I'm buying a home and chosen a real estate agent and am now reviewing the buyer agency contract. One thing in particular about this contract has stood out to me. The buyer's commission is 3.5% stated ...
0
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1answer
232 views

My account was charged for not maintaining the minimum balance. What should I do next?

I had a salary account in a nationalized bank for my two months of summer internship and then it got converted to a savings account. The minimum balance (monthly average balance) required was 10000 ...
4
votes
1answer
255 views

Can landlord/property change unit after approval and payment of fees?

My boyfriend and I are currently in the process of moving across the country, about 650 miles. On September 2nd we visited a property in the area we will be moving to and we really liked it. After ...
1
vote
1answer
97 views

Do incoming wire transfer fees include costs of handling the wire transfer?

I want to transfer money to my US bank account from my European bank account. US bank accounts have default fees (15USD in my case). Usually, when sending an international wire transfer, one has the ...
7
votes
2answers
1k views

Passing credit cards fee onto the customer in the UK

A recent comment on this site suggests it's “it is illegal to sell goods at different prices depending on the payment method used” in the UK. Yet, all low-cost airlines in Europe seem to do it. In ...
2
votes
1answer
1k views

Why is a month to month fee listed on my 12-month apartment lease?

I'm currently in the process of signing an apartment lease. As I was going through the terms, I noticed this: In addition to my "Rent Due Monthly" there is a listed "Month to Month fee". Now, my ...
16
votes
4answers
6k views

Does a savings/checking account sitting at $0 have any drawbacks?

I currently have a couple checking/savings accounts that are sitting at $0 because I found better accounts and switched banks for some reason or another, is it worth the time to try to close these ...
7
votes
1answer
230 views

Is it legal to charge others a fee if I handle their money for them unlicensed?

Let's say that a friend or two wants to give me x amount of dollars and asks me to invest in things. I charge them a fee or percentage even though I have no license to be a financial advisor or ...
13
votes
4answers
6k views

Getting Cash from Credit Card without Fees

I currently: Pay with a credit card, get my 3% cashback, and then pay off the credit card with my debit card. What I would like to do is: Use a credit card (to get my 3% Cash back) to withdraw cash, ...
1
vote
1answer
4k views

Can we avoid international money transfer fees by using Venmo or Paypal?

I have clients in Turkey that send me money via international bank transfer. All banks have a swift code that is used for international transfers. The fees charged are in the 70 USD range for the ...
3
votes
1answer
298 views

Why are domestic wire transfers free in France but cost ~20 USD in the United States?

Domestic wire transfers are typically free in France: example (mirror). Domestic wire transfers cost around 20 USD in the United States: see below for some examples, taken from nerdwallet (mirror) ...