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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3
votes
1answer
71 views

Will holdings in high-OCF pre-RDR non-“clean-priced” fund unit types eventually be converted to clean priced units?

As soon as it was practical, I made sure all my own fund investments were migrated to a platform with "clean priced" fund units available (and even before that I'd been making use of a trail-...
3
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1answer
86 views

Filing late taxes in October

I'm a non-resident alien in the US with a work visa. All this taxing process is new for me since I moved into the US on July 2012 as my first job and never knowing much about tax processes here. Then ...
3
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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 ...
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'...
2
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3answers
458 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 ...
2
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1answer
203 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?
2
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3answers
257 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. ...
2
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2answers
216 views

Will I, as a CS student, be allowed to take loans for paying the fees of Ivy Leagues?

I am non-US citizen hoping to study in US. I have a good chance of getting admitted in one of the Ivy leagues in US. Considering that my family has no property large enough to take a hefty loan on, ...
2
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1answer
272 views

Went over my credit limit by a bit. I paid half of the balance today. Any consequences?

I saw that my card had went over the credit limit. I paid half of the balance off today. I also requested for additional credit. Will there be any penalty fees?
2
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1answer
143 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 ...
2
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2answers
939 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 ...
2
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2answers
89 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%. ...
2
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2answers
2k views

Should I move out of my actively managed IRA at Fidelity and put it all in index funds?

I have an IRA at Fidelity. It is where I have rolled old 401(k) plans into. Currently, I am paying Fidelity to actively manage the account. It is currently invested in many mutual funds, bonds, and ...
2
votes
1answer
166 views

Are 401(k) fees based on contribution amounts or total account balance? What's reasonable?

I have a good employer match of a straight 25%. Deposits are made weekly. My balance is roughly $150,000. I have contributed $17,800 YTD, and paid $817 in fees, or 4.6% of my contributions. Are ...
2
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2answers
23k views

How can I pay off tuition fees from a past semester so that I can enrol in school again?

I still owe my tuition fees for a university of California school from fall 2010. I have been out of school since then with two semesters to go before I can graduate. I've been trying to take out a ...
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 ...
2
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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 ...
2
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1answer
103 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 ...
2
votes
1answer
425 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 ...
2
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3answers
353 views

First 401K portfolio with high expense ratios - which funds to pick? (24yo)

Just got my first 401K at work through Mass Mutual. I have 17 options to choose from. I don’t think we have index funds, and most funds have high expenses between 0.75-1.66%. So I decided to care ...
2
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1answer
375 views

Individual Client or Customer fining or charging a Company a penalty fee

What's the primary factor keeping a consumer from handing out fees as liberally as corporations or small businesses do? Can an individual, or more appropriately, what keeps an individual from being ...
2
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1answer
144 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 ...
2
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1answer
330 views

Invoice for solicitors fees when selling house in the UK

We have had conflicting information: Some solicitors take their fees (balance) prior to transfer of sale funds to seller. Solicitor must submit invoice prior to disbursement, and that seller can ...
2
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3answers
615 views

What extra charges and fees will I be billed for an international credit card transaction?

I've never traveled abroad in the past. I live in the US, and am taking a vacation shortly to Italy. At this time, I'm trying to understand what additional fees will be incurred if I attempt to use ...
2
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1answer
3k views

What are ECN fees? Are ECN fees under an investor's control?

At this Questrade link: http://www.questrade.com/trading/stocks_ecn_101.aspx ... they explain what kind of trades incur ECN fees. At this moment, I do not understand a lot about these fees. But so ...
2
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1answer
58 views

How to evaluate whether the fees on a refi are fair?

I'm applying for a refi and I think the fees involved are too high. The trouble is that I don't know out of the 20 or so various things in the closing costs estimate what is reasonable, unchangeable, ...
2
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1answer
114 views

How the fee of ETF VTI is calculated?

For the ETF VTI, I tried to calculate the fee, but my number doesn't match that $71. Here is my calculation: Am I missing anything? The total fee the way I calculated is $45.57. The formulas I ...
2
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1answer
1k 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 ...
2
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1answer
4k 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 ...
2
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1answer
135 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) ...
2
votes
1answer
227 views

How to find the smallest transaction fees and commissions available and reduce trading overhead?

I buy and sell stock through my bank. The various bank/broker/tax overheads, if I was to buy stock and immediately sell it at the same price, is roughly 3%. I am seeking to understand what exactly ...
2
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1answer
148 views

Most cost-effective way to purchase individual bonds?

I am trying to determine the most cost effective way to go about purchasing individual corporate and municipal bonds that I intend to hold until maturity. Is there great variation in the fees and ...
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,...
1
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4answers
600 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
vote
3answers
1k 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 ...
1
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3answers
133 views

If I convert SPY to VOO to reduce the fees, then do I have to pay a capital gains tax?

I have some SPY for many years and it has gone up since then. I noticed that the fees are much higher than the VOO which is also an ETF for the SP500. Both ETF's hold the same underlying SP500 ...
1
vote
1answer
314 views

Do transaction fees for mutual funds apply when purchasing additional shares?

My broker charges me a $19.99 transaction fee when purchasing some mutual funds. I believe that they will also charge this fee when selling shares in the fund. What is not clear to me, is if they ...
1
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1answer
95 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?
1
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2answers
860 views

When are stock trade fees deducted?

When you buy or sell stock with an online broker when are the trading fees (approx. $7 or $10) deducted from your available balance? Is it when the order is placed? At the end of the month?
1
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2answers
679 views

Do ETF dividends make up for fees?

Do ETF dividends generally make up for the fees of the ETF? For example, lets use QQQ.
1
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1answer
112 views

How do banks make money on payment in 3-4 times without fees?

I have a very simple question: I wonder how banks get money from "payment in X times without fees" that are often proposed on e-commerce websites. Is it the e-commerce that pays interests?
1
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2answers
77 views

Question concerning Investment Grade Bonds

I wish to stick some reserve money in some bonds until current market conditions show signs of improvement. My question is, Bonds like Vanguard VCIT or EDV (examples only), I’m a bit confused with ...
1
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2answers
72 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 ...
1
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2answers
77 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%...
1
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1answer
64 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 ...
1
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3answers
136 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
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1answer
55 views

Does MER of a given product (say ETF) ever go down?

If I buy a new product with relatively high Management Expense Ratio (MER), can that MER be theoretically/technically reduced in the future, for example when the product gains more and more popularity?...
1
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2answers
348 views

Online brokers with a minimum stock purchase lower than $500

Right now I am considering starting investing in stocks on my own and using the Commonwealth Bank Comsec to do it. What's stopping me is not the $20 brokerage to buy, and then another $20 to sell. ...
1
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2answers
143 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
301 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 ...