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Multiple Account Fees?


Matt5100

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Hi.. I'm aware that there are I think monthly or quarterly fees for an account, and these can be minimised by doing X amount of trades per month.  But if I had for example 2 share dealing accounts and an ISA account (which I do), will I have to pay 3 sets of account fees? And if I do, do my number of trades have to be in just one to take advantage of reduction of fees across the board or it just applies to that account?

Hope that makes sense, Thanks ,😊

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  • 2 weeks later...
On 04/12/2021 at 04:16, Matt5100 said:

Hi.. I'm aware that there are I think monthly or quarterly fees for an account, and these can be minimised by doing X amount of trades per month.  But if I had for example 2 share dealing accounts and an ISA account (which I do), will I have to pay 3 sets of account fees? And if I do, do my number of trades have to be in just one to take advantage of reduction of fees across the board or it just applies to that account?

Hope that makes sense, Thanks ,😊

Hi @Matt5100,

The custody fee only apply per client account and not trading accounts or 2 share dealing accounts for example, you will only pay one custody fee.

The same applies to commission discount if you trade on one share dealing account 3 times or more the discount will apply on all your share dealing accounts.

All the best - Arvin

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