Ally Invest Commissions
| Investments | Commissions |
|---|
| Stocks and ETFs | $0 |
| Options | $0.50 per contract |
| Mutual funds | $9.95 |
| Bonds | $1 per bond with $10 minimum, $250 maximum |
| Treasuries | commission-free |
| Certificates of Deposit (CDs) | $24.95 |
| Investments | stocks, options, mutual funds, bonds, CDs, forex, treasuries, ETFs |
| Ally Invest minimum deposit to open account | $0 for cash account, $2,000 for margin account |
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|
Margin Rates
|
Debit Balance
|
Margin Interest Rates
|
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$0.01 - $4,999
|
8.00%
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$5,000 - $9,999
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8.00%
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$10,000 - $24,999
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8.00%
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$25,000 - $49,999
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7.75%
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$50,000 - $99,999
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7.00%
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$100,000 - $249,999
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5.75%
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$250,000 - $499,999
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4.75%
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$500,000 - $999,999
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4.25%
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$1,000,000 +
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3.50%
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Cash Sweep Interest Rates
Cash balances do not currently earn an interest. You may request that your account be enrolled in
an interest-bearing Federal Deposit Insurance Corporation ("FDIC") insured deposit sweep program. Current yield is 0.01%.
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Regulatory Fees
| SEC |
.0218 per $1000 of principal (sells only) |
| ORF (Options Regulatory Fee) |
.0404 per contract (buys and sells) |
| TAF (Trading Activity Fee) |
.000119 per share (equity sells) |
| TAF (Trading Activity Fee) |
.002 per contract (option sells only) |
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Financial Industry Regulatory Authority (FINRA) transaction fee (TAF) This fee is charged on all stock and ETF sales at a rate of $.000119 per share with a minimum charge of $0.01 and a maximum charge of $5.95. This fee is rounded up to the nearest penny. Bonds are also subject to a TAF fee and can be charged up to $0.75 per bond traded, regardless of the bond's par value.
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IRA Fees
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IRA setup fee
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$0
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IRA annual fee
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$0
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IRA conversion fee (regular to roth or vice versa)
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$50
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IRA transfer out fee
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$50
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IRA termination fee
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$25 (for distributions and full outgoing account transfers)
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Account Fees
| ACAT Transfer Out |
$50.00 |
| Partial ACAT Transfer Out |
$50.00 |
| Outgoing Domestic Wire Transfer |
$30.00 |
| Overnight Delivery |
$50.00 |
| Check Withdrawal |
$5.00 |
| Check Stop Payment |
$30.00 |
| Returned Checks |
$30.00 |
| Returned ACH |
$30.00 |
| Returned Wires
|
$30.00 |
| Pre Pay Settlement Fee |
$20.00 |
| Stock Certificate Deposit DTC Rejection Fees |
$175.00 |
| Stock Certificate Deposit Processing Fee
|
$300.00 per Certificate |
| Non-transferrable security charge per position |
$20.00 per month |
Vault Fee
Restricted certificates held for missing paperwork, certificates
for Securities that are not DTC eligible, etc. |
$60.00 per Year Charged Monthly |
| Outgoing DTC
Electronic delivery of individual certificates via Depository Trust
Company
|
$25.00 per Position |
| DWAC Transfer Fee per Position |
$50.00 + Any transfer agent fees up to $150 |
| DRS Transfer Fee per Position |
$115 per position |
| Paper Statements or any electronic statements requested that are older
than 2 years |
$4.00 |
| Paper Confirmations |
$2.00 |
| 1099 Request for Exempt Accounts |
$50.00 |
| Tax document requests by fax and regular mail |
$50.00 |
| Option Exercise |
$0 |
| Option Assignment |
$0 |
| Option Position Management
|
$100.00 + Regular Commission |
| Margin Sellouts, Restricted Accounts, and Broker-Assisted Trades |
$40.00 + Regular Commission |
| Short Stock
|
Daily Charge at Cost |
| Worthless Securities Processing |
$30.00 Other fees may apply |
| Reg T Extension |
$10.00 + Interest to Settlement Date |
| Foreign Stock Transaction Fee (not ADRs) |
$50.00 + Regular Commission |
| Foreign Stock Incoming Transfer Fee |
$50.00 per Position |
| ADR and other foreign stock semi-annual charges |
At Cost |
| Voluntary Reorganization |
$50.00 |
| Entity Account Opening Fee |
$250.00 (Corporation, LLC, Partnership) |
| Entity Account Annual Fee |
$200.00 (Corporation, LLC, Partnership) |
| Index Products
Ally Invest charges this additional per contract cost on certain index
products where the exchange charges fees. To see a full list of index options that
incur additional fees.
|
$0.35 per Contract |
| OTCBB & Pink Sheet Stocks |
Minimum investment of $100 per Trade |
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Other Transfer Agent and Trade Settlement charges for certain securities may be passed
through to you by our clearing firm.
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Check Writing Fees
| Apex SelectTM Annual Checking* |
$20.00 annual fee |
| Apex SelectTM Annual Debit Card |
$35.00 annual fee |
| Check Re-Order |
$15.00 (50 checks) |
| Returned Checks |
$35.00 |
| Stop Payments |
$35.00 |
| Check Copies or Other Research |
$15.00 |
| ATM Withdrawals |
$1.00 |
| Sales Draft Copy |
$15.00 |
| Collection Processing |
$25.00 |
| Domestic Overnight Shipping |
$45.00 |
| International Overnight Shipping |
$100.00 |
Ally Invest Incentive, Review and Website Link
Read full
Ally Invest Review.
Ally Invest incentive:
Up to $3,000 cash bonus + $0 commission trades.
Ally Invest fees are as of 2022 and are subject to change. For the most recent information on Ally Invest fees visit their website:
Ally Invest Trading Fees
Ally Invest offers trading in a variety of popular security types, including individual stocks and bonds, ETFs,
mutual funds, and options. If you are building a well-diversified portfolio with allocations across a variety
of asset classes and security types, the different commissions Ally charges for these securities will be an
important consideration. Below we will provide a detailed overview of what these commissions are at Ally Invest.
Stock Fees
Stock commissions at Ally Invest are now $0. One exception is a $4.95 plus $0.01 per share charge for trades
of penny stocks (those whose share price is under $2).
ETF Fees
Ally Invest’s ETF commissions follows the same schedule as stocks.
Mutual Fund Fees
Ally Invest charges a flat $9.95 commission for trading no-load mutual funds. It’s important to remember that
regardless of whether you pay a commission or a load fee for buying a mutual fund all investors will still have
to pay the fund’s annual management fee, which can range from just a few basis points to more than 1%.
Commission on Bonds
All customers pay the same commission for fixed income trades. A bond trade costs $1 per bond with a $10
minimum where a bond equals $1,000 of par value.
Commissions on CDs and U.S. Treasuries
CD trades at Ally cost a fixed $24.95. Buying and selling U.S. Treasuries is commission-free.
Options Fees
Commission on options at Ally Invest consists of per contract fee, which is $0.50. Option assignments and
exercising will cost $0.
Forex
Forex trading with Ally is commission-free as forex dealers make their money purely off the bid/ask spread of the currencies they deal in.
Broker-Assisted Trades
For clients who aren’t always near reliable internet access, Ally offers the option to call in and have a representative place their trade for them. Broker-assisted trades incur Ally’s normal commission for whatever instrument you are trading in addition to a $20 fee.
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Arthur Chachuna is professional personal finance blogger, and the owner of Brokerage-Review.com.
He has been an avid investor for 23 years, and has background in both applied math and programming.
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