4 ms·

Debit / Credit card top-up fee: 1% They also lowered cashback %, now Ruby is 1%. I just noticed the also have a Close account fee of 50€

• rantallion 4y ago
  Charging to close an account? Is that even legal?
  • MR4D 4y ago
    It is in the US for brokerages. Many are at $150 to close the account, and they’ll debit your balance if you transfer assets out, thereby creating a negative cash balance at your new brokerage if you didn’t have enough cash to cover it.
    • rkagerer 4y ago
      thereby creating a negative cash balance at your new brokerage if you didn’t have enough cash to cover it Do brokerages really agree to "buy a loan" like that?
      • MR4D 4y ago
        Basically, yes. I’d have to check the ACAT standard , as I don’t know if it’s baked into the spec or a different agreement. Keep in mind that there are typically thousands of dollars of assets coming over as well, so you only need to sell a tiny bit to cover the negative cash balance. Also, I’ve never seen an account move over that had a total value of less than the closing fee, so I don’t know what happens in that case.
• krono 4y ago
  And a "€5 per month after 12 months of inactivity" fee too I see!