Transfer Out Fees

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Comparison of transfer-out fees of US-based investment firms:

  • Bank of America: $ 75
  • Charles Schwab: $ 50
  • E*Trade: $ 60
  • Fidelity: $ 50
  • Firstrade: $ 50
  • Just2Trade: $ 75
  • Merrill Lynch: $ 75-100? (affiliated with BofA)
  • Morgan Stanley: $95
  • Muriel Siebert: $ 50 (retirement accounts only)
  • OptionsXpress: $ 50
  • Scottrade: $ 0
  • Sharebuilder: $ 75 (full) $15 per security (partial)
  • SogoTrade: $ 50 or 75?
  • TD Ameritrade: $ 75
  • Tiaa-Cref: $ 0
  • TradeKing: $ 50
  • WallStreet*E: $150
  • WellsTrade: $ 95
  • Zecco Trading: $ 50 or 60?

Firstrade, Scottrade, Sogo Trade and possibly WellsTrade all have an incentive to switch to them: reimbursement up to $100 of transfer-out fee when transferring at least $25k to them.

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