Computershare Fees Schedule
Although Computershare itself does not charge a fee to buy or sell stocks, an investor will be charged a purchase and a sales fee directly from the holding
company. The minimums for initial stock purchases will also vary according to the limits determined by each company.
For example, AT&T stock which is available on Computershare, has a one-time purchase fee of $10 + $.05 per share along with selling fees of $10-$20 per transaction + $.10 per share. This means that
an order to buy 100 shares of AT&T stock will cost a client $15, 1,000 shares will cost $60. Selling these shares will cost double of that amount. The initial purchase minimum
for AT&T is $500. By comparison, big online brokerages like Ally Invest charge flat rate $0 per
stock transaction regardless of number of shares and offer initial purchase minimums for as low as $0.
Computershare fees schedule to buy and sell stocks of other companies will be different from AT&T.
Computershare Transfer Fees
Checks processed in USD are free, international check fees are $15, expedited courier fees are $25, and both U.S. and international wire fees are $50. These fees
are the same for all accounts.
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What is Computershare?
Computershare is a stock transfer agent, which means that it holds corporate shareholder records. Publicly held companies usually designate one such company to transfer stock
for them. Unlike a traditional or online broker, there are no fees associated with making trades. However, shareholders are charged when withdrawing funds.
Computershare is not a brokerage firm and does not have a set fee for the purchase or sale of stock. Purchase and sales fees are determined by each company individually.
Founded in 1978, Computershare has just recently acquired Investor Services for BNY Mellon. Although the transfer initially had some glitches, such as shareholders not being
able to access their accounts for several days, the problems have been fixed and everything is now running smoothly. In comparison to the previous BNY Mellon Shareowner Services website,
Computershare is more aesthetically pleasing as well as easier to use.
Computershare Website and Features
One of the best benefits of the new site is the ability to access a variety of account information from the landing page. There are links for general account access, share transfers, services & solutions, and even quick tax forms, which is one of the more practical links. After clicking on the link for quick tax forms the account holder is asked for the ticker symbol or company name, last name of the account holder, social security number or tax I.D., and zip code. It is not necessary to first access the shareholder account, which is a nice feature when you’re just wanting to get the statement and nothing else. There is immediate access to tax statements which can be downloaded to the computer or printed out. No more waiting for the statements in the mail.
The main landing page has a section devoted to the latest news relating to Computershare. It reminds investors of market closings and also gives Computershare investors news on the company itself, with information on dividends, market announcements, and company goals and results.
There is also a link on the main page for Israel Bonds Direct which will take you to their main page. You can view current rates, how to invest, prospectuses, many other investment options and a FAQ page.
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In addition to the many options on the landing page, there are social media links for anyone who cares to follow the company or watch videos on their YouTube channel.
After accessing the Investor Centre on Computershare, there are links for viewing the balances of accounts, payment history, viewing transactions, and researching the latest market data. The buttons are big and easy to see, with no need to search for hard to find links. There is also a link for buying stock directly which allows the user to search for available plans and enroll online.
Once inside the Investor Centre there is a virtual agent by the name of Penny. While many companies use these types of computer generated programs, they can often be annoying and have users go through multiple questions before getting anywhere. This isn’t the case with Penny. When you type in a question, several related topics come up just to make sure you get the one you want. If not, there are more available answers. If that fails, you can easily access contact information for either Computershare or the exact company you have a question about.
Buying Stocks With Computershare
Buying stocks is easy on Computershare. Account holders can make one-time investments or schedule recurring investments. The downside to using the
recurring investment option is the shareholder has no control over the date the money will be debited from their bank account. It happens on the 22nd of each month, so
for those who are determined to invest, but are possibly on a tight budget, this may not be a great option.
Computershare Fees and Commissions Conclusion
For anyone who was used to the old BNY Mellon website, Computershare is an improvement, although not a big one. The new website certainly has better visual
appeal, but after looking at the screen for any length of time, the magenta colors seem to take a toll on the eyes. For most customers Computershare fees schedule
for selling stocks is very high comparing to a majority of Online Brokers.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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