Skip to content 
The fee requirements for investment activities in the US via Vested are listed below.
The definitions for the acronyms used are mentioned towards the end of this page.
Clearing Fees
| Account Opening Fee This is a one-time fee | ₹250 (For Indian tax residents) $0.00 (For non-Indian tax residents) |
| Account Maintenance Fee | $0.00 |
| Brokerage charges for non-Indian tax residents | Premium subscribers: 0.15% of the trade amount ($20 maximum) Basic Tier users: 0.25% of the trade amount ($20 maximum) |
| Brokerage charges for Indian tax residents (effective from 31st August 2023) | Premium subscribers: 0.10% of the trade amount ($20 maximum) Basic Tier users: 0.20% of the trade amount ($20 maximum) |
OTC Securities Commissions
| Premium subscribers | $.05/share, minimum .75, and maximum 1% of purchase |
| Basic Tier users | $.10/share, minimum .75, and maximum 1% of purchase |
Withdrawal/ Administrative Request Fees
| ACH Transfer (outgoing) | $0.25 |
| E-check (USD) | $3.00 |
| Outgoing U.S. Wire Transfer | $5.00 |
| Outgoing Non-U.S. Wire Transfer | $5.00 |
| Failed ACH Transfer | $20.00 per failed transfer |
| Withdrawal to India via Vested Direct | $0.00 |
Transfer Fees
| ACAT Incoming | Free |
| ACAT Out (USA) | $65.00 per transfer |
| ACAT Out (Non-U.S.) | $65.00 per transfer |
| DTC Deliveries/ Receives | $35.00 per position |
| DWAC Transfer | $150.00 per position |
| DRS Transfer Incoming and Outgoing | $150.00 per position |
Miscellaneous Fees
| Returned E-Checks | $20.00 per check |
| Check Stop Payments | $25.00 per check |
| Returned Wire Transfers* | $25.00 per wire |
| Third Party Returned Wire Transfer* (Note: DriveWealth does not accept third-party wires) | $65.00 per domestic attempted third-party wire return $85.00 per international attempted third-party wire return |
| Tax Document Request (Fax and Regular Mail) | $25.00 per request |
| 1099 Request for Exempt Accounts | $50.00 per request |
| Broker Assisted Trades (Phone Order) | $10.00 per transaction |
| Physical Copy of Trade Confirmations | $3.00 per confirmation |
| Physical Copy of Monthly Account Statements | $5.00 per statement |
*Vested is currently absorbing this fee for their clients, but reserves the right to change this at any time
Definitions
| Term | Definition |
| ACAT | Automated Customer Account Transfer. The transfer of securities from one account to another at a separate bank or brokerage. This may be done for any security or derivative: stocks, bonds, options, and futures may all be transferred via ACAT. |
| DRS | Direct Registration System. A system, sometimes referred to as DRS, that allows electronic direct registration of securities in an investor’s name on the books for the transfer agent or issuer, and allows shares to be transferred between a transfer agent and broker electronically. |
| DTC | A depository transfer check (DTC) is used by a designated collection bank to deposit the daily receipts of a corporation from multiple locations. Depository transfer checks are a way to ensure better cash management for companies, which collect cash at multiple locations |
| DWAC | Deposit/withdrawal at custodian (DWAC) is a method of electronically transferring new shares or paper share certificates to and from the Depository Trust Company (DTC) using a Fast Automated Securities Transfer (FAST) service transfer agent as the distribution point. |