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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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votes
1answer
150 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
175 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
18k 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
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1answer
303 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
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1answer
1k 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
140 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
42 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
100 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
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1answer
295 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
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1answer
94 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
73 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
60 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
votes
1answer
259 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
245 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 ...
5
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1answer
292 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
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1answer
119 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
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1answer
3k 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
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4answers
13k 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
237 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
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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, ...
1
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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 ...
4
votes
3answers
601 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) ...
11
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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
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1answer
104 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
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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
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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 ...
0
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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 ...
0
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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
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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) = $...
1
vote
1answer
82 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 ...
2
votes
1answer
406 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
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1answer
161 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?
0
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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 ...
2
votes
1answer
249 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 ...
2
votes
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,...
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 ...
3
votes
1answer
375 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 ...
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 ...
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 ...
2
votes
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
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
87 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
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 ...
-1
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6answers
2k views

How can I stop a merchant from charging a credit card processing fee?

According to the answers on Can a merchant charge you more in the US if you want to use a credit card?, I gather that, while it is not illegal for a merchant to pass their payment card processing fees ...