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by maerF0x0 560 days ago
This can be a real thing when companies are charging $25-$40 for ACH Transfer fees (per account) meaning a switch can cost $100.

One piece I'm curious about is spreading investments around simply for more FDIC / SIPC insurances? Is that something that rich people do?
1 comments
eithel 560 days ago
> charging $25-$40 for ACH Transfer fees (per account)

Do you mean ACAT fees? I haven't seen many accounts charging for ACH fees as those are basically free. Only Wise (Transferwise) charges for it from my experience.

If it's ACAT fees, a lot of brokerages (not Vanguard) will reimburse you the fees if the account balance you are bringing in is big enough, I've noticed.

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