Jump to content
  • 0

Custody Fee...?!?!

Question

Hi All

I think that i will be hit with the custody fee in a few days as i don't trade much and haven't traded in the last three months, i will in the near future be moving my shares out to another provider, but how can i fund my account with the fee, as the minimum transfer amount seems to be £250, I clearly don't want to credit my account with £250 just to pay the £24 custody fee, while I arrange to transfer my shares out, How can i pay this with out them selling my shares or transferring an ridiculous amount?

Thanks

Share this post


Link to post

2 answers to this question

Recommended Posts

  • 0

Hi @Neil2048 - there are a couple of options with this one.

  1. give us a call and we'll take the payment over the phone - this shouldn't take more than a couple minutes.
  2. fund the minimum amount via card (250), and then withdraw the free balance (250-24) back to the same card immediately. 

Bit of a work around I do appreciate, but it should work. thanks. 

Share this post


Link to post
  • 0

Hi @Neil2048, I did a quick search and there is no info on what will happen when account goes 'overdrawn', I would have expected many tales of woe on google but there are none. Best bet is to call the help desk before the due date, maybe the min deposit doesn't apply in such cases?

https://www.ig.com/uk/investments/share-dealing/costs-fees

od1.PNG.56f273dbee36deeada65f3e4867838ff.PNG

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×