Vested Finance – Fee Schedule

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The fee requirements for investment activities in the US via Vested are listed below. The most common charge that you would need to bear is for withdrawing funds to your bank account from your US investing account.

Other activities and their associated fees mentioned below are uncommon, and have been mentioned in order to comprehensively list the services offered by DriveWealth (our broker partner in the US).

The definitions for the acronyms used are mentioned towards the end of this page.

Clearing Fees

Account Opening Fee $0.00
Account Maintenance Fee $0.00
Execution Fee (Buy/Sell)$0.00

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 IncomingFree
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

TermDefinition
ACATAutomated 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.
DRSDirect 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.
DTCA 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
DWACDeposit/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.