Cost to withdraw funds from account

Discussion in 'Retail Brokers' started by smile, Jan 6, 2017.

  1. smile


    I see Tastyworks wants $5 to withdraw funds:

    "Outbound domestic check disbursements incur a fee of $5.00"

    "Note that a fee of $25.00 is incurred on outbound domestic wires."

    I know all brokers want to discourage withdrawal of funds by imposing fees.

    "IB allows one free withdrawal request per calendar month. After the first withdrawal (of any kind), IB will charge the fees listed below for any subsequent withdrawal":

    North America

    Wires, Checks, ACH/EFT
    USD , 10.00 , 4.00 , 1.00

    What does it cost to withdraw from your broker?
    Last edited: Jan 6, 2017
  2. Robert Morse

    Robert Morse Sponsor

    Wire Fees (Domestic) $20.00
    ACH Transfers Funds-- FREE

    (ACH deposits are limited to $30K over a rolling 60-day period. ACH disbursements are capped at $50K per day)
  3. Jones75


    RBC Direct -- free
  4. Turveyd


    Before you start taking money out, got to really really hope that $5 isn't a lot of money to you any more :)

    $25 FXCM, not enough to care about either way.
    Jason Rogers and fordewind like this.
  5. Jason Rogers

    Jason Rogers ET Sponsor

    To add to the information Turveyd provided, while there is a fee for bank wire requests, there are no fees for withdrawals from your FXCM account by credit card, debit card, ACH, BACS, EFT or SEPA.
    wrbtrader likes this.
  6. wrbtrader


    You'll be surprise by how many people don't know this...I use my debit card.
    Jason Rogers likes this.
  7. Turveyd


    I read that, there used to be right ?? not going to say I paid to much attention recently.
    Jason Rogers likes this.
  8. Big AAPL

    Big AAPL

    zero fees for ACH incoming and withdrawals AMP
  9. Jason Rogers

    Jason Rogers ET Sponsor

    There used to be a fee for card withdrawals years ago. However, it has been free to withdraw funds back to your debit card or credit card for from your FXCM account for many years now, not to mention several free electronic transfer options like ACH, BACS, EFT and SEPA. Furthermore, Active Trader account holders can qualify for free bank wire transfers as well.
  10. Turveyd


    Thanks, chance I'm not going completely mad then well maybe LOL
    #10     Jan 10, 2017
    Jason Rogers likes this.