Titellieferungsgebühr
English translation: security / stock certificate delivery fee / charge
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| 21:44 Mar 29, 2017 |
| German to English translations [PRO] Bus/Financial - Finance (general) / Aus einem schweizer Kontoauszug | |||||||
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|  Selected response from: Jacek Kloskowski United States Local time: 13:54 | ||||||
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| 1 +5 | security / stock certificate delivery fee / charge |
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Answers
25 mins confidence: 
peer agreement (net): +5
peer agreement (net): +5security / stock certificate delivery fee / charge Explanation: Q: I want to close my brokerage accounts and get my paper stock certificates. The broker charges $25 for each one. Is this legal? A: Investors always fixate on commissions when they're opening a brokerage account. But as you've discovered, there's a giant list of other fees they often forget to ask about. Every brokerage needs to disclose all fees for everything from check writing to account maintenance and certificate delivery. And yes, most brokerages charge to deliver stock certificates to you. Some of these fees can be hefty, even among discount brokerages. An informal search of several brokerages shows that you should consider yourself fortunate. Ameritrade, for instance, says on its fee schedule that it charges $40 for certificate delivery. BuyandHold charges $30. E-Trade charges $40 for stock certificate delivery. Even Scottrade, which promotes its low commissions, charges $40 for stock certificate delivery. http://usatoday30.usatoday.com/money/perfi/columnist/krantz/... -------------------------------------------------- Note added at 28 mins (2017-03-29 22:12:52 GMT) -------------------------------------------------- harles Schwab customers will soon have to pay at least $500 to take delivery of a paper stock certificate, up from just $50. A Schwab (NYSE: SCHW) spokesman said requesting stock certificates is not a "common practice" among the firm's clients. The San Francisco brokerage also anticipates other firms will boost fees to get stock certificates since "this is simply a pass-through cost." "The fee will be equal to the amount charged to Schwab by the Depository Trust & Clearing Corporation -- currently $500 per physical certificate, subject to increases in the future," Schwab tells customers in a notice included with their latest account statements. http://www.bizjournals.com/sanfrancisco/blog/2012/07/schwab-... |
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