Unless you meet certain conditions (like having $15,000 in your account) , you get charged a quarterly account maintenance fee of $25 on your RBC direct investing account. If you start investing with $500 for example, this could eat into your investment funds quickly.
My question for those who have RBC Direct Investing account: when does this fee apply? If I only open an account and make no trades for 3 months, will it still apply regardless?
-Second question: what if I open an account just to buy a certain stock and sell it before the 3 months is over, will I still be charged the maintenance fee? I know it doesn't make sense to open an account just to buy/sell one stock and close it to avoid paying this fee, but I am just asking as an example.
Jan 15th, 2015 10:08 AM #1
- Join Date
- Sep 6th, 2010
RBC Direct Investing account: When do does the Quarterly fee applies?_______________
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Jan 15th, 2015 10:37 AM #2
- Join Date
- Feb 3rd, 2011
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