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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1answer
63 views

Does a high turnover rate of ETFs matter now when online traders offer zero commission for trading?

In the US, a high turnover rate of ETF underlying assets generally passes the cost to the investors who purchase those ETFs. Now multiple online traders such as Schwab and TD Ameritrade offer zero fee ...
2
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2answers
69 views

MER of an ETF that holds another ETF?

I have an ETF: VFV (VANGUARD S&P 500 INDEX ETF) that has a fee of 0.08%. This ETF is traded in Canada and holds the U.S.-domiciled Vanguard S&P 500 ETF: VOO. This fund has a fee of 0.03%. ...
1
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2answers
139 views

How do ETF commissions work?

Let's suppose that I live in the UK, and that I have £10000 invested in Vanguard's VUSA. This ETF has an ongoing charge of 0.07%. This, added to the 0.15% account fee, it's a 0.22% total. That means ...
1
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1answer
64 views

“Mandatory Reorg Fee” tax deductible?

I was charged a $38 "Mandatory Reorganization Fee" by ETrade when a stock had a reverse split. Is this tax deductible? If not, do I add it to my tax basis?
0
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1answer
128 views

How can I scrap the ATM transaction fee of a major bank in Canada, customer for 20 years, from now on?

I am with a major bank in Canada that charges a particular fee for visa credit card and ATM debit card money withdrawal and probably for deposit also. I pay interest for the credit card. I have been ...
0
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1answer
56 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 ...
4
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3answers
612 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) ...
16
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3answers
4k 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 ...
0
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1answer
114 views

Ally bank zero comission vs Robinhood no comission fees?

Ally bank claims to have zero-comission transaction fees accounts for trading, Robinhood does the same. Do they both actually not charge any fees/comission? My understanding was that the free fees ...
2
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3answers
229 views

Are the fees on this 401k plan too much?

My employer uses a relatively new company called "Human Interest" for our 401(k)s. I have 401(k) accounts with Fidelity and TransAmerica from former employers, and I'm trying to decide which is best. ...
1
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3answers
142 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 (...
10
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3answers
2k views

Do mortgage points get applied directly to the principal? [duplicate]

Lets say I want a $100,000 mortgage. I can get it at x%, or (x-0.25)% if I pay 1 point. If I do the 1 point option, will my first payment be on a $99,000 balance, or a $100,000 balance? In other words ...
4
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1answer
186 views

Using a nominal / small fee as a filter

I wasn't able to find this on google. Maybe there's a term for it. Is it effective to use a nominal or small fee to weed out non-serious buyers? Or does it backfire by turning away legitimate buyers? ...
0
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1answer
64 views

Starting an LLC before it is needed

Have business plans for over a year or two out, however, would like to establish the LLC now and have it sit idle until needed. What characteristics should be selected for creating the LLC at this ...
4
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1answer
16k 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 ...
10
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2answers
991 views

Am I responsible for an annual fee on a credit card I never picked up?

I just received a bill for a VISA card at a bank where I'm not a customer. There is just one charge on the card and it is for an annual fee of $120. The card is not actually made out to my name, but ...
1
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4answers
519 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. ...
1
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1answer
114 views

Charged overdue amount but not given bill prior to this date

I've been provided with a statement of account which claims I owe an overdue amount rather than the actual amount (which I would have been charged if I had paid the account on time). The problem is ...
1
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2answers
282 views

Do no-balance-transfer-fee credit cards make exceptions in their special offers?

I have a wide array of credit cards that I use to maximize rewards. Every now and then I get an offer in the mail from one of the cards I haven't used in a while, offering 0% APR on balance transfers ...
12
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5answers
3k views

What strategies can I use to minimize international money transfer fees?

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 ...
3
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1answer
111 views

Do online billpay/banking force NSFs when they can?

When online banking and payment systems first came out, I remember they used to have a lot of issues with giving indicators (visual/email payment confirmation) that a payment was 'locked in', but then ...
2
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3answers
103 views

Why Options trading is charged on per contract basis

I have been trading options for years, but could not understand why Brokerages charge fee on basis of number of contracts. Per Fidelity : Trade for just $4.95 per online trade, plus $0.65 per ...
1
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3answers
936 views

Can an ETF's expense ratio (fees) change after I buy it?

In researching ETFs I've found a lot of dire warnings about expense ratios. Evidently, they can really eat up your money. Ok, so look for funds with low expense ratios. But, if I understand this ...
17
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3answers
7k views

Frequency of investments to maximise returns (and minimise fees)

If I have a certain amount of money to invest regularly, how do I calculate the amount to let accumulate in my bank before I make that investment, assuming there is a fee associated with each ...
2
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2answers
147 views

How to get money (cash) with minimal fees from Europe (Pounds, Euros, Paypal) to South East asia

I have some investments that will be generating revenue in Pounds (UK banks), Euros (Holland, Lithuania) and PayPal. I am planning on doing a lot of travel in South East Asia (Thailand, Vietnam, Laos,...
19
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9answers
2k views

Investing small amounts at regular intervals while minimizing fees?

My daughter is about to turn one year old and I'd like to start some sort of investment account for her. The purpose would be to invest her birthday and gift money into the stock market each year. I'd ...
3
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2answers
112 views

Stocks and Shares ISA: fees, taxes, portfolio size

Is an ISA of this kind worth it for a portfolio < £2000? If so, are Stocks and Shares ISAs subject to any not-so-obvious fees for someone without previous experience (i.e. overnight fees)?
1
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2answers
71 views

Visa balance transfer from one loan company to another

I have a Visa loan with company A that has an interest rate of 10%. Company B is offering to let me transfer my balance with A to them for a 12-month 0% interest rate. I know that company A also ...
26
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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 ...
0
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0answers
69 views

Can I willingly reject a SWIFT transaction?

I live in Brazil and I have a broker account in Europe, provided by my company for stock options. I've recently sold some of my stocks and done my first transaction of this kind (International Wire ...
2
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1answer
3k views

Is a fee note the same as an invoice?

I pay an accountant £800 a year to do the usual accountancy things. I've received a fee note from him for filing the annual confirmation statement. So, is a fee note the same as an invoice? Do I ...
1
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1answer
90 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?
8
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2answers
7k 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 ...
0
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1answer
218 views

How is the “Hurdle Rate” of the Hedge Fund determined?

I understand that "High Water Mark" is the highest NAV value that the Hedge Fund has ever reached, and therefore, the threshold NAV value of the Hedge Fund in question needed in order for the Hedge ...
0
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1answer
94 views

Selling A Car Anonymously

Is it ever legal for me to sell a car to someone by just signing my name and dating the title, such that the buyer's information is completely blank? To be clear, the title itself is legal, clean, and ...
1
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2answers
198 views

How to efficiently invest in ETFs with a monthly contribution?

I am confused when it comes to ETFs. Many state that their main advantage is that they are low cost. I understand that they are traded as stocks. I want to invest my money in 3 index ETFs (USA, ...
0
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1answer
145 views

What does “accredited to you” mean in the email I received?

What does "accredited to you" mean in the following sentence: Our first 15 minutes of consultation is at no charge, and beyond that time there will be a charge of $210 that could be accredited to you ...
0
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0answers
83 views

Is there an interchange fee for ATM withdraws? How does that compare to standrad Credit Card purchases

First, please note that I am not asking about how this impacts my personal finances. I would like to know the difference between fees going to VISA/MC and banks when using a debit card for ATM ...
1
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2answers
67 views

Math for Portfolio Value Net of Fees

I'm looking to do a pretty basic Finance 101-type calculation to compare final portfolio values given varying fees. Let's say I start with a $50,000 portfolio. It's invested in a fund that returns 7%...
7
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2answers
320 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 ...
4
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2answers
2k 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 ...
5
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2answers
2k views

What's a recommended minimum amount for buying an index ETF, to minimize fees/commissions?

Let's say every month I transfer $559, which is about 3 shares of VOO. The commission from Fidelity is $7.95, which is about 1.42%. Is it worth doing that, or better, every other month buy worth of $...
0
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2answers
81 views

Calculating the ETF cost?

Let's say I invest 1000 USD in an ETF. Over the 10 year period, the shares had 5% annualized gain, meaning the value of my investment would be 1630 USD. However, I didn't take into account ETF fees. ...
4
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1answer
137 views

Why does my bank not charge a fee for small amounts?

I work abroad in a SEPA country and send money to my non-SEPA home country regularly. In the foreign country I have a euro bank account and in the home country - a non-euro bank account. My foreign ...
4
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1answer
249 views

Entry/exit fees for ETFs, do I need to care?

I'm saving for my retirement, partly by buying ETFs. One of these ETFs is Amundi Msci Eastern Europe EX Russia. At the corresponding Bloomberg site, I found some information that confused me: Front ...
-1
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1answer
172 views

How to cash ACH vouchers to my French account 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)....
3
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3answers
2k views

Cash advance on a credit card with a credit balance

Suppose a credit card has a credit/negative balance of $100. If a $100 cash advance is charged to the card, which fees apply? Cash advance fee (max(%, fixed amount)) Interest (cash advance APR) Is ...
3
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3answers
30k views

Are 'per trade' fees charged on every order or just once per stock?

As someone relatively new to stocks, I understand that stock brokers charge commissions: usually either per share or per trade. In general, are commissions taken every time you place any order (...
3
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2answers
249 views

Why are international money transfer services so weird? [closed]

I've read this question: Looking for cheap international bank to bank transfer in USD and noticed several factual claims: A "standard international wire transfer" costs $40 USD, a huge fee. It's ...
3
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2answers
183 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 ...