Fee Schedule
Fee Disclosure
Please contact your broker for information regarding any fees prior to transacting in your account.  The fees provided throughout this website are estimates based on the current rates charged to our clients and may have changed.

ACAT Processing Fee
$50.00

ACH Incoming/Outgoing Fee
There is no fee for this service.

ACH Setup Fee
There is no fee for this service.

ACH Return Fee
$30.00

Certificate Processing Fee
$75.00 per cusip per deposit at the time of deposit plus all fees associated with clearing stock from client name to street name. This includes all transfer agent fees, UPS mailing fees to and from transfer agent and DTCC. If the certificate is rejected for paperwork from the transfer agent or DTCC, the rejection fee will be chargedto the client account along with any redeposit fees aswell.

Check (Regular Mail) Processing Fee
There is no fee for this service.

Check (Overnight) Processing Fee
$30.00

Check (Saturday Delivery) Processing Fee
$25.00

DTC Transfer
$25.00 (per request)

DWAC and DRS Processing Fee
$30.00 plus Transfer Agent fees.The client will be charged the Transfer Agent rejection fee when fee applies.

IRA Closing Fee
$20.00

Non-DTCC eligible securities
$75.00 per each Certificate required to satisfy a trade or to re-register from the other broker dealer to Penson name plus all costs from the transfer agent, DTCC NY Window processing fee, UPS to and from the transfer agent for each breakdown. The typical cost for a breakdown of shares can range from $25.00 to $450.00 or more depending on the number of certificates needed to satisfy the trade or number of certificates received from the other broker dealer.

PenFlex Check Reorder Fee
$10.00

PenFlex Unpaid Check Fee
$30.00

Restricted Stock Processing Fee
$125.00 per cusip per deposit plus all fees associated with clearing stock from client name to street name. This includes all transfer agent fees, UPS mailing fees to and from transfer agent and DTCC. If the certificate is rejected for paperwork from the transfer agent or DTCC, the rejection fee will be charged to the client account along with any redeposit fees as well.

Stop Check Payment Fee
$30 per check.

Trading Fee - Commission
Determined by broker.

Trading Fee - Ticket Fee (OTC Securities)
$35.00

Trading Fee - Ticket Fee (Listed)
$15.00

Postage & Handling
Trading Fee -  Postage & Handling (For Sending Confirms)
$4.00

Trading Fee - TAF Fee (FINRA Trading Activity Fee)
0.075 per 1000 shares with a maximum of $3.75.

Trading Fee - Sellilng Securities Fee (Section 31 Fees)

$16.90 per million (0.0000169) Sell transactions only

Trading Fee - Block Trading Fee
(For the purpose of this fee, a block trade in considered 100,000 shares.)
Trades of 100,000 shares or more will incur a fee of $0.0005/share up to the maximum of 1% of the principal amount of the trade. This charge is intended to cover the streetside fees by NSCC/DTC and the NASD.

Wire (Domestic) Fee
$25.00

Wire (Foreign) Fee
$50.00

Wire Investigation Fee
(For wires not received at the customer's beneficary bank)
$50.00

Wire Return Fee
(For wires not received with proper posting instructions)
$30.00

Wire Recall Fee
$30.00

Wire Repaired & Amended Fee
(For wires needing repair or amendments to the orignial instructions)
$15.00

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