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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

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6 votes
4 answers
25k views

Is there any US bank that does not charge for incoming wire transfers? [closed]

I use CurrencyFair to exchange currency between EUR and USD. I was surprised to see a $10 wire transfer fee at the end of the chain when CurrencyFair transfered from their BofA account to my BofA ...
Thomas Vander Stichele's user avatar
5 votes
2 answers
292 views

What expenses do 401k funds charge?

What expenses do 401k funds charge? For example, do they charge front-end or back-end loads (commission when buying or selling funds)? Also how do I find out if the 401k administrator charges a fee?
Vineeth's user avatar
  • 231
1 vote
1 answer
279 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 ...
Franck Dernoncourt's user avatar
38 votes
7 answers
12k views

Money transfer scam

I live in Croatia and my family breeds dogs. When we have puppies we list them for sale on a Croatian website similar to eBay. Every once in a while for the past year or two we get a message from a US ...
Mario Plantosar's user avatar
25 votes
3 answers
10k views

Am I obligated to file through a tax preparer after an unsatisfactory consultation?

I have been doing my taxes for 25 years with TurboTax. Like others, I was a bit upset at them for doubling the price of their software, so I decided I would make an appointment with H&R Block, ...
NickyB's user avatar
  • 267
21 votes
4 answers
4k views

Why do banks insist on allowing transactions without sufficient funds?

Specifically, to a checking account. I have not heard of, in a long time, any bank that will simply decline a charge if there isn't sufficient money. Either by default or even at the customer's ...
iPherian's user avatar
  • 362
13 votes
3 answers
15k views

How do I make a small investment in the stock market? What is the minimum investment required?

I am not rich, so I am talking one to two hundred U.S. dollars per month only. I would like to know whether I can buy stock using that little amount of money, and how to do that if possible? As an ...
Marco's user avatar
  • 383
12 votes
3 answers
977 views

ETF vs Mutual Fund: How to decide which to use for investing in a popular index?

How do you decide between investing in an ETF, vs. in a mutual fund, for the popular stock indexes? Trading costs, tax efficiency, capital gains?
rjdevereux's user avatar
7 votes
1 answer
42k views

What does a reorganization fee that a company charges get applied to?

Recently, one of my holdings underwent a reverse split. I was surprised (but not all that surprised) that there was an additional fee of $20.00 assessed, labeled as a "reorganization fee". This was ...
jonsca's user avatar
  • 810
6 votes
2 answers
961 views

401(k) plan/investment fees: Are they the expense ratios, or something else as well?

I have a naive question. 401(k) fees are a popular topic lately. I am very interested in this as I max out my 401(k) contribution every year, well past the employer match. I am not sure if the 401(k) ...
Craig W's user avatar
  • 15.9k
5 votes
2 answers
596 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 ...
radix07's user avatar
  • 912
4 votes
3 answers
2k views

Is owning ADR share for a good idea for long term investor

I am pretty new to ADR concept. Just that recently, I realize by owning ADR, I will be charged an amount of fee. http://www.investopedia.com/ask/answers/06/adrdepositorybank.asp How frequent the ADR ...
Cheok Yan Cheng's user avatar
4 votes
1 answer
8k views

Overnight charges for brokers holding stocks?

I'm trying to learn about stock markets. I eventually want to invest a small amount over a long period. Yet, I notice on a lot of broker sites that they tend to charge an overnight fee for any stocks ...
user avatar
4 votes
4 answers
507 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 (fractional)...
DuckMaestro's user avatar
4 votes
1 answer
238 views

How to save money on currency conversion

I do business with a few companies in the United States, and as such, get paid in US currency for my services. I have a US account with my bank, but anytime that I make withdrawals from this account, ...
canadiancreed's user avatar
0 votes
2 answers
346 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 ...
datuk wong's user avatar
0 votes
1 answer
800 views

In what circumstances will a bank waive the annual credit card fee?

I've had my credit card for two years. I use it extensively for all kinds of purchases and I have never gone over my limit or incurred a late payment fee. The card has an annual fee and I was ...
MyFamily's user avatar
  • 103
-1 votes
1 answer
788 views

2016, USA banks with low/no fee for incoming OVERSEAS USD wire transfers? [closed]

Regarding incoming wire transfers (i.e., SWIFT transfers) from overseas (this question has no connection to internal USA transfers of any kind) denominated in USD (this question has no connection to ...
Fattie's user avatar
  • 13.8k
35 votes
5 answers
12k views

The security team has noticed suspicious trading activity. Insurance fee is 25%

On my trading platform(TCI-Investment), I've received a message from security, that I must pay an insurance fee of 25% cause they thinking I'm trading with insider information. "Starting from ...
Liver Makentoshe's user avatar
22 votes
4 answers
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 ...
Daniel R. Collins's user avatar
21 votes
2 answers
2k views

What's the difference between credit unions and banks?

Is one better than the other? I've noticed that national banks seem to charge more (and higher) fees. Is that just me?
Corey's user avatar
  • 835
20 votes
10 answers
34k 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 ...
Shep's user avatar
  • 343
17 votes
2 answers
23k views

Can I change banks for my HSA account?

My employer provides a High-deductible health plan with HSA option. One thing I was surprised by was how many fees were associated with the HSA account offered through my employer (the HSA is ...
Matt's user avatar
  • 273
16 votes
3 answers
5k views

Why are wire transfers and other financial services in Canada so much more expensive than in Europe?

Why are wire transfers in Canada so expensive compared to Europe? The simple answer I've seen is because bankers are crooks, but I find that this oversimplifies the situation — I don't believe ...
gerrit's user avatar
  • 3,213
13 votes
6 answers
6k 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 ...
f1StudentInUS's user avatar
11 votes
6 answers
121k views

Why do grocery stores in the U.S. offer cash back so eagerly?

Most grocery stores and Walmarts I've been to ask you how much cash back you want as one of the steps you punch in after you swipe your credit card. This happens after you have swiped your card so ...
Philip's user avatar
  • 910
11 votes
3 answers
5k views

Do "growth of $10k" charts for mutual funds account for fees? I've found conflicting information

I've had several people advise me that the growth of $10k charts that you see for mutual funds, and provided by, e.g., Morningstar, account for the expense ratio of that fund (but not sales loads). So ...
Josh's user avatar
  • 289
11 votes
2 answers
928 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 ridiculous!...
azamsharp's user avatar
  • 373
10 votes
1 answer
827 views

If I co-sign on a loan for someone, am I putting up money (is there a cost)?

Does it cost me anything if I co-sign a loan for someone?
PHC1983's user avatar
  • 427
10 votes
3 answers
526 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 ...
Fixee's user avatar
  • 4,524
10 votes
3 answers
1k views

Risks of using a "free" (non-fee-only) financial planner for investing a substantial sum?

I have a substantial (at least to me) amount of money from the sale of a second home. The money is momentarily in a savings account at a big branch bank in the US. The amount is such that I have ...
StrongBad's user avatar
  • 1,143
9 votes
2 answers
8k 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 company ...
StasM's user avatar
  • 3,306
8 votes
1 answer
4k 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?
Justin Hou's user avatar
8 votes
2 answers
4k views

What are reasonable administrative fees for an IRA?

I have a couple of IRAs (one roth, one traditional), at a local credit union for state employees where I live. I'm fairly young, so the money has simply been in interest-bearing accounts to date. ...
John Chrysostom's user avatar
6 votes
2 answers
1k 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 ...
Franck Dernoncourt's user avatar
5 votes
2 answers
8k 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, or ...
Tony the Pony's user avatar
5 votes
1 answer
469 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....
Flux's user avatar
  • 17.1k
4 votes
1 answer
1k 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 ...
Marsellus Wallace's user avatar
4 votes
3 answers
771 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) ...
Franck Dernoncourt's user avatar
3 votes
1 answer
1k views

When buying / selling a house in the UK, is it normal for solicitors' fees to be due before or after completion?

When we made our most recent house move (selling one house and buying another) we had to pay the solicitor's fees in advance of completion - the fees for searches etc. had to be paid upfront before ...
Vicky's user avatar
  • 24k
3 votes
4 answers
7k views

Do I need to insure a large check when sending via mail?

My girlfriend has a bank account that is on hold because of a stolen debit card number. She recently signed a contract for 90k but has the first check in my name for 60k. She is stuck in London for a ...
jeff's user avatar
  • 31
2 votes
3 answers
1k views

Why is early exercise generally not recommended for an in-the-money option?

Why is it said that early exercise of a (call) option is not recommended and it is always better to sell the option instead? Is it just to avoid assignment fees? Of course, we assume that the option ...
Victor123's user avatar
  • 16k
2 votes
1 answer
161 views

How does CD early withdrawal fee work?

I am looking at one of the "internet banks" and they have CDs for 1 year at 1% and 5 years at 2%. The early withdrawal fee for 5 year CD is 150 days of interest. Doesn't it mean that 300 days the CD's ...
Vitalik's user avatar
  • 5,483
2 votes
2 answers
377 views

IRA advisory fee?

I have a traditional IRA which I rolled my previous employer's 401(k) into. I've noticed that there seems to be a quarterly advisory fee, which seems to be about 0.5%. Is this reasonable? I haven'...
Andy's user avatar
  • 1,067
2 votes
1 answer
128 views

Avoiding currency exchange fees on credit card security deposits

I recently did a warranty exchange with a $25 service fee: I gave $500 deposit on my VISA card. They shipped the replacement. I returned the old item. They refunded $475 to my VISA card. which from ...
Ray Butterworth's user avatar
1 vote
3 answers
192 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 ...
Franck Dernoncourt's user avatar
1 vote
1 answer
260 views

What's the difference between markups and "commissions, transaction fees and contract fees" when purchasing individual bonds on the secondary market?

I read on forbes.com: It can be difficult for investors to know the true cost of individual bonds on the secondary market, as prices frequently include markups. In addition, it’s entirely possible to ...
Franck Dernoncourt's user avatar
1 vote
1 answer
1k views

How soon in advance to cancel a credit card to avoid the annual fee?

Last year I applied for a credit card (Delta Gold Amex) in order to get 50K bonus miles with the first year annual fee waived. I'm about to cash in the miles and I have never paid a dime in interest. ...
Matthew Moisen's user avatar
1 vote
4 answers
925 views

Is there such a thing as a credit card with no (currency exchange) fees?

There's no such thing as a free lunch. Is there such a thing as a free credit card with free currency exchange? Every debit or credit card I have seen charges for foreign currency transactions. ...
gerrit's user avatar
  • 3,213
1 vote
1 answer
362 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 ...
Franck Dernoncourt's user avatar