Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [fees]

generic tag to be used for questions related to fees. Ideally to be accompanied by other subject tags

388 questions
38
votes
7 answers

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 based phone number wanting to buy our…
Mario Plantosar
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36
votes
1 answer

How does Fidelity make money off me?

I have an IRA account with Fidelity which I use to buy a handful of Fidelity mutual funds. Since they are Fidelity mutual funds, Fidelity does not charge commission on them. So how then does Fidelity make money off a customer like me?
David says Reinstate Monica
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35
votes
5 answers

The security team has noticed suspicious trading activity. Insurance fee is 25%

On my trading platform(TCI-Investment), I've received a message from security, that I must pay an insurance fee of 25% cause they thinking I'm trading with insider information. "Starting from the October 30 of the current financial year,…
Liver Makentoshe
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27
votes
3 answers

Frequency of investments to maximise returns (and minimise fees)

If I have a certain amount of money to invest regularly, how do I calculate the amount to let accumulate in my bank before I make that investment, assuming there is a fee associated with each additional investment? For example, I might put aside…
codebeard
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26
votes
8 answers

Fee-only financial advice vs. asset management (which includes advice)?

My wife and I are looking for a financial advisor. I am 52 and she is 48. We have a million plus in assets, with most of that in 401k... about 500,000 in a brokerage account. We have found a company/person we like. Our choices seem to be financial…
moscafj
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25
votes
7 answers

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 a new job and need to buy a new laptop within the…
user67312
25
votes
3 answers

Am I obligated to file through a tax preparer after an unsatisfactory consultation?

I have been doing my taxes for 25 years with TurboTax. Like others, I was a bit upset at them for doubling the price of their software, so I decided I would make an appointment with H&R Block, thinking it would be a good idea to boycott TurboTax…
NickyB
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24
votes
1 answer

Paying off home mortgage and lender wants a "Recording Fee"

So I whittled down my house note to the point where I have enough cash to just pay it off early and be done with it. Yay! I asked my lender for a "payoff" statement, which provides an accounting of how much I would owe including last minute interest…
JohnFx
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23
votes
5 answers

Why do small merchants charge an extra 30 cents for small amounts paid by credit card?

Jurisdiction Australia, but could apply globally for all I know. Looking at major Australian bank websites, their EFTPOS contracts mention nothing about transaction fees being different for small amounts than large amount - it's a flat percentage…
Bohemian
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22
votes
4 answers

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 ever made. Their plan greatly simplified my…
Daniel R. Collins
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21
votes
4 answers

Why do banks insist on allowing transactions without sufficient funds?

Specifically, to a checking account. I have not heard of, in a long time, any bank that will simply decline a charge if there isn't sufficient money. Either by default or even at the customer's specific request. Instead, they let the account go…
iPherian
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21
votes
2 answers

What's the difference between credit unions and banks?

Is one better than the other? I've noticed that national banks seem to charge more (and higher) fees. Is that just me?
Corey
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20
votes
9 answers

Investing small amounts at regular intervals while minimizing fees?

My daughter is about to turn one year old and I'd like to start some sort of investment account for her. The purpose would be to invest her birthday and gift money into the stock market each year. I'd like to use this account to teach her how…
user70192
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20
votes
4 answers

How to invest in stocks without using an intermediary like a broker? Can shares be bought direct?

I am looking to buy stocks but I would like to do so without a broker. From what I can tell, the exchanges are good ole boys clubs that require you know (or pay) someone in order to participate. Am I wrong? Is there a way to invest without an…
Chris
20
votes
10 answers

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 euros from an ATM with my American card, walk to…
Shep
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