What are the Apex Clearing custodial account maintenance and bank transfer fees?
Below is a list of Apex fees clients may incur that are not included in the Wrap Fee. These fees would be incurred based on a client’s request, beyond our control and accordingly excluded from the fees and services covered by the Wrap Fee. Should a client incur any of these fees, such client will be responsible for their payment in accordance with the terms and conditions of such client’s account opening agreements. This list of fees is the current list of Apex fees, as represented to us by Apex, but Apex reserves the right to change these fees in the future.:
Bank Transfer (ACH) Incoming – $0
Bank Transfer (ACH) Outgoing- $0
Returned ACH (insufficient funds) & Recall/Stop Payments – $30 each
ACH Notice of Correction (NOC) Fee – $5 per notice
Account Maintenance Fees:
Electronic Statement & Electronic Trade Confirms – $0
Paper Confirms* – $2 per confirm
Paper Statements* – $5 per statement
ACAT (Automated Customer Account Transfer)
ACAT Outgoing – $75 per account
ACAT Incoming – $0
*Statements and confirms are defaulted to electronic delivery. You can request paper confirms and statements if you choose. Paper confirm and statement fees will also occur if there is a typo in your email address that causes these documents to be bounced back as undeliverable. Please update your email address in the app or contact email@example.com.
Q. What are the trading fees?
There are no add-on trading or electronic statement fees and making deposits and withdrawals are free! Instead, we do a simple fee of $1 a month for accounts with under $5000 and 0.25% a year for accounts over $5000 (which comes out to $12.50 a year for an account value of $5000). Here’s how we…
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