Margin Rates
Enjoy margin rates of 4.50% up to 7.75% on margin interest when your account
meets the debit balance requirement below.
|
Amount Borrowed
|
Above/Below Base Rate*
|
Margin Rate
|
|
$0-$9,999
|
Base Rate
|
7.75%
|
|
$10,000-$24,999
|
Base Rate -0.25%
|
7.50%
|
|
$25,000-$49,999
|
Base Rate -0.50%
|
7.25%
|
|
$50,000-$99,999
|
Base Rate -1.00%
|
6.75%
|
|
$100,000-$249,999
|
Base Rate -1.50%
|
6.25%
|
|
$250,000-$499,999
|
Base Rate -3.25%
|
4.50%
|
|
$500,000+
|
Base Rate -4.00%
Negotiable, call 877-700-STOCK
(877-700-7862)
|
3.75%
|
*Zecco Base Rate is 7.75% as of September 1, 2009. Your margin interest will be
based upon the margin rate and your average monthly debit balance. Base Rate is
currently calculated using various market interest rates and internal costs. The
Base Rate is subject to change without prior notice.
Credit Interest
Zecco Trading will credit an interest rate of 0.025% annually on a minimum of
$500 held in each of your accounts. Interest is paid monthly based on the
average monthly cash balance. You may also choose to place your uninvested funds
in one of the three money market funds below. Rates Effective 1/01/2009:
|
CAT Tax Exempt Portfolio
|
0.87%
|
|
CAT MM Portfolio
|
0.76%
|
|
ICT Treasury Portfolio
|
0.01%
|
Other Charges
Our prices are not introductory, nor are there any hidden fees after your
account is established. The following fees affect the majority of our customers
infrequently and are only assessed in the situations described below.
Cash Withdrawal Fees
|
Online Money Transfer (ACH)
|
Free
|
|
Domestic Wire Fee
|
$15.00
|
|
International Wire Transfer
|
$50.00
|
|
Domestic Saturday Check Delivery
|
$25.00
|
|
Domestic Overnight Check Delivery
|
$20.00
|
|
International Overnight Check Delivery
|
$30.00
|
Insufficient Funds Fees
|
Returned Check
|
$30.00 plus interest from the earlier of settlement date or date of deposit
|
|
Returned ACH Transfer
|
$30.00 plus interest from the earlier of settlement date or date of deposit
|
|
Returned Wire Transfer
|
$30.00
|
|
Overdraw on PenFlex Account
|
$35.00
|
Other Cash Transfer Fees
|
Cash Withdrawal Prior to Trade Settlement(s)
|
$20.00 plus interest to settlement date
|
|
Check Stop Payment Request
|
$30.00 per check
|
|
Wire Transfer Instruction Correction
|
$15.00
|
|
Wire Transfer Investigation
|
$50.00
|
|
ACH Trace Number Investigation
|
$25.00
|
|
Deposit to Zecco Trading via Internal Chase Bank Transfer instead of FED Wire
|
$50.00
|
|
PenFlex Check Re-Order
|
$10.00
|
Account Transfer Fees
|
ACAT Transfer - Incoming
|
Free
|
|
ACAT Transfer - Outgoing
|
$50.00 per request
|
|
DTC Transfer - Incoming
|
Free
|
|
DTC Transfer - Outgoing
|
$25.00 per request
|
|
DWAC Transfer - Incoming/Outgoing
|
$30.00 per request
|
|
DRS Transfer - Incoming/Outgoing
|
$30.00 per request
|
Stock Certificate Fees
|
Physical Stock Deposit (listed or Nasdaq National Market System (NMS) securities
only)
|
$75.00 plus any additional transfer agent fees, DTC fees and shipping costs
|
|
Transfer and Ship Certificate
|
$235.00 - $575.00 plus additional transfer agent fees, DTC fees and shipping
costs
|
|
DRS Statement in Lieu of Certificate
|
$30.00 plus additional shipping cost (must be DRS eligible)
|
Account Maintenance Fees
|
IRA Annual Fee
|
$30.00 annually
|
|
IRA Account Closure
|
$30.00
|
|
Hard to Borrow Fee
|
At cost
|
|
SEC Section 31 Fee
|
$0.0000169 multiplied by the principal amount on liquidation orders
|
|
Options Regulatory Fee
|
0.014 per contract on both the buying and selling of options (other exchange
fees might apply)
|
|
FINRA Trading Activity Fee (TAF)
|
$0.000075 per share up to a maximum of $3.75 on liquidation orders
|
|
Securities purchased with Non-Cleared Funds
|
Interest on balance (see margin interest rates)
|
|
Non-Transferable/Worthless Securities Held in Account
|
$7.50 per month per security
|
|
Reg. "T" Extension Request
|
$10.00 per request plus interest from settlement date until paid
|
|
Research Requests and Requests for Statement Copies
|
$15.00 per hour (1 hour minimum)
|
Zecco Fees are as of July 2010 and are subject to change. For most recent information go here:
|