My notice states more than 2 trades( I take that to mean three)
This really does suck, like getting a margin call without having a margin account. First the market bleeds my account then Waterhouse wants to raise the ante. I'm looking for a new broker also.
ALL CHANGES EFFECTIVE FEBRUARY 10, 2003
Non-Retirement Account Quarterly Maintenance Fee*
Please review the new criteria for the Quarterly Maintenance Fee. We have increased the total combined assets level.
A $25 maintenance fee will be charged each quarter to accounts that do not meet one of the following criteria:
Have at least $25,000 in assets in their combined accounts** on the last business day of each calendar quarter, or
Execute more than 2 trades in total, across all combined accounts, in the previous 6 months.
*Formerly the Inactivity Fee
* *Combined accounts are defined as all brokerage accounts with the same primary Social Security/Tax Payer ID Number. This fee will be assessed at the end of each calendar quarter and posted to each inactive account a customer may have the following month. Retirement account assets and trade activity will be considered to meet the above minimums, although the fee will not apply to retirement accounts.
Mutual Fund Transaction Fee
Mutual funds which are subject to a transaction fee will be changed from a fixed rate to a tiered fee schedule.
Transaction
Amount Online &
Wireless Touch-Tone Telephone Account
Officer
$1 - $10,000 $30 $35 $45
$10,001 - $15,000 $50 $55 $65
$15,001 - $20,000 $65 $70 $80
$20,001 - $25,000 $70 $80 $90
$25,000 and above $75 $85 $100
Account Transfer Fee
Retirement and Coverdell Education Savings Accounts were previously exempt from this transfer fee.
A $50 fee will be assessed on any full account transfer leaving
TD Waterhouse.
Retirement Account Annual Maintenance Fee
If you are a retirement account holder, please read this important message regarding the annual maintenance fee.
Customers with less than $25,000 in combined accounts will be charged an annual $25 retirement account maintenance fee in each retirement account.
Combined accounts are defined as all brokerage accounts with the same primary Social Security/Tax Payer ID Number. This fee cannot be reimbursed to your account after it is charged in September.
Should you have any questions, please e-mail us at CustomerService@tdwaterhouse.com. |
