What’s a Bank Transfer Reversal Fee?
If you’ve seen something categorized as an ‘Apex Clearing (ACH) bank reversal’ on your account, this is what that means.
A ‘bank reversal’ takes place when a transfer of funds is canceled. This may occur when there are insufficient funds in your bank account, if there is a duplicate transaction, if a transaction is denied, or when the type of account is incorrect. In the event of an ACH (Automated Clearing House) reversal, a $30 fee will be incurred by the user and the funds will be returned to the originating account. Stash is not responsible for any ACH reversal fees incurred by the user.
One of the best ways to avoid this fee is by making sure you have enough money in your checking account before initiating a transfer or buying any investments through the app.
Q. 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…
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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