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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13
votes
4answers
7k 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, ...
38
votes
7answers
11k 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 ...
2
votes
2answers
5k views

Is it possible to get a debit card for a non-US-citizen nephew without foreign transaction fees?

Here is my predicament: I am a US citizen, and I have a nephew in Russia, who is not a US citizen, and whom I would like to support financially. I have easily been able to make him an associated user ...
11
votes
1answer
3k views

Should the bank cover money lost due to an unsuccessful transfer?

Recently I have transferred money from Deutsche Bank, Germany to Standard chartered Bank, India. My transaction was not successful due to an Indian Government policy change for demonetization. The ...
0
votes
1answer
109 views

Is the 0.3% French tax on French securities (including U.S ADR) applicable to sales as well?

Investors may get an unpleasant surprise when they invest in French stocks, even those listed overseas like U.S. The U.S ADRs of French companies are affected as well. There is a French Transaction ...
0
votes
1answer
41 views

Any extra fees charged by passive stock and bond ETFs on top of the standard fees?

Passive stock and bond ETFs charge a management fee which is quoted on their website. Are there hidden charges on top of this standard management fee that is not transparent? For example, are ...
1
vote
1answer
63 views

Cost to transfer money from IRA savings account to other investments or IRAs?

I currently have $5,500 invested in a Roth IRA savings account with an online bank. I am planning to contribute another $5,500 to the account soon. The reason I am putting this money into an online ...
7
votes
3answers
7k views

Retirement Funds: Betterment vs Vanguard Life strategy vs Target Retirement

I'm a 20 something grad student and would like to open a hands off retirement account with beta exposure to the market and would make monthly contributions. I'm fairly illiterate when it comes to ...
0
votes
2answers
63 views

How does the market adjust for fees in ETPs?

I'm trying to understand how the market accounts for fees charged on exchange traded products. For example, my understanding is that fees will cause an ETF to systematically underperform the ...
20
votes
10answers
33k 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 ...
0
votes
1answer
59 views

How do forex card rate along with debit cards for international travel

I had asked this question yesterday, today while browsing came across this article. In it it talks about taking a forex card and hints about thomascook travel card. Now from what little I have read, ...
1
vote
3answers
135 views

What is the correct way to calculate the total amount that mutual fund fees will cost me over a certain time period?

The 3 methods below all have different results, and I'm not sure which is correct. Principle = $1M Return: 7% Fee: 1% Time period: 3 years Method 1: ($1000000 * 1.07^3) - ($1000000 * 1.06^3) = $...
4
votes
3answers
6k views

Possible to purchase multiple securities on 1 transaction?

I'm curious, can I purchase multiple securities from my online broker (TD Ameritrade) in 1 transaction? i.e. Purchase ABC and XYZ at same time, but only pay the transaction fee ($9) once.
1
vote
1answer
84 views

How do I calculate the long term Brokerage service cost for my dollar cost averaged investments?

I'm currently in the middle of comparing brokerage firms cost-wise. One brokerage firm charges its service fee based on an annual rate that is charged monthly. Since I want to employ dollar cost ...
6
votes
4answers
24k 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 ...
2
votes
1answer
410 views

What would be the transaction charges for debit card below INR 2000/-?

It's been a month since India saw demonetization. Yesterday, i.e. 8th December 2016 the finance Ministry waived the 15% service tax on card payments of upto INR 2000 in a single transaction. As a ...
4
votes
1answer
162 views

Spreading money between robo trading services

Several robo trading services allow investing without a fee up to a certain amount. Why would someone not take advantage of this and spread their investments over several such services to minimize ...
9
votes
3answers
4k views

Bank claims I'm personally liable for small business fees; despite leaving the company?

I opened a small business (partnership) a while ago and was a signer on a company account. I later left that company, with the other partner being responsible for whathaveyou, but was apparently never ...
8
votes
1answer
1k views

Can I sell my stocks for less by transferring them to another brokerage?

I would like to sell approximately $35000 in stocks currently held at Edward Jones. My total portfolio is approx. 1.5 million. Edward Jones will charge me 1% of the sale. Would it make sense to ...
1
vote
1answer
89 views

What are considered excessive rollover IRA administrative fees?

My husband has a rollover IRA and is being charged annual administrative fees of 1.94%. Is this too much?
4
votes
2answers
3k views

Withdraw USD from PayPal without conversion to my home currency of EUR?

Is there a possibility to withdraw USD from Paypal to my EU country (our currency is EUR) without converting from USD to EUR on Paypal's side (because of Paypal's high conversion fee)? I have USD ...
0
votes
2answers
101 views

To invest or not to invest in high expense 401(k) plan

This question has been asked before but the situation I have is not well covered - hence a new question. Mid-to-late 50s. High tax bracket. Roth not an option; post-tax IRA only. Fair-sized tax ...
7
votes
4answers
34k 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 ...
1
vote
1answer
201 views

What kinds of charges/fees are there for NRI Home Loan from SBI?

I have questions regarding Home Loan that I am taking from SBI. When we(my spouse and I) initially went to the bank, the SBI, the NRI Branch manager told us about all the procedures for an NRI Home ...
2
votes
1answer
250 views

What is meant by “unexpected expenses” in my 401k plan?

My company just sent out a Participant Fee Disclosure document for my 401(k) plan. In an attempt to understand my finances better, I am reading it through carefully. Thanks to a lot of the posts on ...
3
votes
1answer
376 views

As a sole proprietor can I charge a fee for being paid by check or card

My Background I am a sole proprietor (freelance programmer) and usually receive payment for projects by check. I send an invoice to my clients with a breakdown of my work and payment terms. Because of ...
3
votes
1answer
177 views

How to buy out one person's share of a jointly owned vehicle with the lowest taxes and fees

I currently own a car jointly with another person. We are both on the title and both on the current loan. Now I have reason to buy the other person's share of the vehicle so that I am the sole owner....
1
vote
1answer
78 views

Medium of Gifting Cash [closed]

Suppose I have a friend who had given me a monetary reward of $75 in person. Which medium should he or she have chosen and why? Cash - The one I think is the best (no fees, no restriction on where ...
3
votes
2answers
2k views

Is it normal to pay two application fees for an apartments as a married couple?

My wife and I are looking around at apartments, and the one we both ended up liking wants us to each pay an application fee of $95. I will be the only one on the lease, and solely financially ...
1
vote
4answers
345 views

Best way to find a no-surcharge ATM in my area? [closed]

Is there any easy way to find an ATM, by location search, that doesn't have any surcharges? The closest thing I could find to a generalized solution is sponsored by All Point, so it only returns their ...
2
votes
2answers
337 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'...
10
votes
3answers
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 ...
0
votes
1answer
1k views

Accounting for foreign exchange transactions and difference between market rate and rate given

I am trying to find how to account for the change in exchange rate and the rate given to me by my bank. I understand the rate change between two dates is a foreign exchange gain or loss, but what ...
-1
votes
1answer
715 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 ...
0
votes
1answer
88 views

How do brokerage fees affect the fair market value of a house in a buyout?

If Alice and Bob buy a house for $100,000, and one of them needs to buy out the other's share soon after, would the fair market value be $100,000 (the purchase price) or $94,000 (what they would get ...
3
votes
1answer
940 views

Pros and cons of different methods to transfer money from India to the U.S.?

I live in India, and I'd like to transfer money to a friend in the U.S., to settle a debt. Which of the following options work well: Give a rupee-denominated cheque. This would be denominated in ...
3
votes
4answers
6k 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?
3
votes
1answer
5k 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 ...
2
votes
1answer
125 views

How to handle fee for a balance transfer?

To save some money on interest, last week I transferred a balance of $17,500 from my student loan account to my credit card for 0% APR for 18 months and a 2% transfer fee. The transfer fee ($350) ...
6
votes
4answers
30k 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?
3
votes
1answer
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 ...
3
votes
1answer
241 views

What does each of these fee terms mean?

I am thinking about applying for my first credit card, but I do not understand the meanings of the various transaction fees. There are several items listed as transaction fees: Balance Transfer ...
1
vote
1answer
95 views

What are the costs to maintain an Inc? [closed]

I am wanting to form an Inc for an internet website like Facebook or Twitter and I am running it out of my home for now. I would want to register my startup in the state of Delaware and I am in ...
3
votes
4answers
2k views

Why do the banks charge a foreign transaction fee?

Could somebody please explain why some banks charge a fee for card transactions made in a foreign currency? For example, for a debit card transaction, as far as I know, the exchange from the foreign ...
5
votes
1answer
211 views

How do ETF fees get applied?

I'm reading the prospectus for an ETF I've recently purchased. It states: fees paid directly from your investment I understand how this works for the OCF. However, there are 3 further fees for ...
6
votes
1answer
4k views

Cash Advance causes recurring interest fee after paid in full

In January I made a cash advance of $110 with my credit card. In Februaury, I paid off January's balance (+$10 cash advance fee +$1.82 cash advance interest) in full by the statement due date. This ...
1
vote
0answers
85 views

How to avoid fees on 401k account when employer owes funds

My previous employer did not deposit 401k funds that were taken out of my paycheck over a 5 month period. I have left the company and I am fighting at get that money paid, with the help of the EBSA. ...
3
votes
1answer
921 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 ...
2
votes
2answers
938 views

Passing money through a different account to avoid cash pay-in fees

I have recently sold some company assets (not a large figure) and the buyer insisted on paying cash. My question is, my BUSINESS bank charge 0.6% on cash deposits, which is annoying - In theory, is ...
3
votes
2answers
123 views

What leverage do I have to negogiate reduced overdraft fees?

Through a comedy of errors involving other financial institution, my checking account at a credit union went negative, and I was charged $200 in overdraft fees. I don't think I'm responsible for the ...