$0 per trade is applicable to commissions for online and automated telephone trading of stocks and exchange-traded funds (ETFs). For stock and ETF trades placed with an agent over the telephone, a $25 agent-assisted trading fee is charged. Each trade order will be treated as a separate transaction subject to commission. An order that executes over multiple trading days may be subject to additional commission. One commission will be assessed for multiple trades, entered separately, that execute on the same day, on the same side of the market. Other fees and commissions apply to a WellsTrade account. For complete information on fees and commissions, refer to the WellsTrade Account Commissions and Fees Schedule. Schedule subject to change at any time.
The $30 Household Annual Fee or the IRA Custodial Fee (for IRA-only households) can be waived with one of the following for all WellsTrade accounts in your household as of the last business day of June each year: a) electronic delivery only enrollment for statements, trade confirmations, other documents, and shareholder communications (excluding tax documents/1099s), b) household balances of $250,000 or more, c) households with solely SEP IRAs, d) Wells Fargo Bank Private Bank clients or e) linkage to a Wells Fargo Bank Prime Checking account or Premier Checking account; or a Private Bank Interest Checking account.
Refer to the Wells Fargo Bank Consumer Account Fee and Information Schedule for further information about the Prime Checking and Premier Checking account and applicable bank fees. For The Private Bank Interest Checking account and applicable bank fees, refer to both the Wells Fargo Consumer Account Fee and Information Schedule and The Private Bank Consumer Deposit Products Disclosure.
The Prime Checking account has a $25 monthly service fee. The fee can be avoided each fee period with $20,000 or more in statement-ending qualifying linked balances. The Premier Checking account has a $35 monthly service fee. The fee can be avoided each fee period with $250,000 or more in statement-ending qualifying linked balances. The statement-ending qualifying balances for each of these account types include linked (a) bank deposit account balances (checking, savings, time accounts (CDs), FDIC-insured IRAs) and (b) investment account balances (brokerage available through our brokerage affiliate Wells Fargo Advisors, applicable bank fiduciary and custody accounts, annuities, and eligible foreign exchange transactions). For more information, call Wells Fargo Bank, N.A. at 1-866-245-3452. Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.
Wells Fargo Advisors:
- Brokerage products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
- Certain brokerage accounts are not eligible.
Insurance and annuities:
- Products are offered through non-bank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.
- If the annuity becomes annuitized, or a periodic payment schedule has been established, the remaining balance will no longer be eligible for qualification.
If an IRA Custodial Fee is due, clients will receive a remittance notice in August with several payment options. If a payment option is not selected, the fee will be automatically deducted from the IRA in September. If there is more than one non-exempt IRA in the household, the fee will be equally divided amongst the non-exempt IRAs.
The grouping of accounts into a household is based on account eligibility and family relationship such as children, parents, domestic partners, and others. Certain accounts cannot be included in a household. Please call us at 1-800-TRADERS for more information and to determine whether all eligible accounts have been included in your household. It is your responsibility to ensure that all eligible accounts are included in your household.
Other fees may apply. Waivers may apply. Please see the WellsTrade fee schedule for full details. Note: In the event that an annual fee results in a debit balance in the account, Wells Fargo Advisors may liquidate securities in the account to satisfy the debit, without prior notification to the client.
Households composed solely of a single IRA or where an IRA is the only non-exempt account are subject to a $125 annual custodial fee in lieu of the annual household fee. The fee can be reduced to $100 with enrollment in Electronic Documents (eDocs). All accounts must be enrolled in electronic delivery to receive the following documents online only including statements, trade confirmations, other documents, and shareholder communications, excluding tax documents/1099s. Please note that if a client elects to turn off paper delivery of these documents, they will receive these documents only via Access Online. In households with multiple non-exempt IRA accounts, each account will be charged $125 until the $300 household maximum is reached. In that case the fee will be prorated among all the non-exempt accounts in the household. If a custodial fee is due, clients will receive a remittance notice with several payment options. If a payment option is not selected, the fee will be automatically deducted from the applicable account or accounts in September. Annual custodial fees are waived for household relationships of $500,000 or more, households with Advisory assets valued at $250,000, households linked to a Wells Fargo Bank Premier Checking or Private Bank Interest Checking account, or households that have added $100,000 or more net new assets between July 1, of the previous year and the last business day of June in the current year. Other waivers and discounts may apply; see the Wells Fargo Advisors schedule of fees (PDF) for a complete list of waivers and discounts. Note: Net New Assets includes new deposits of cash or securities and account transfers. Withdrawals and deposits between July 1 of prior year and last business day of June 30 in the current year are netted to determine the Net New Assets. Dividend and Interest payments are excluded from the deposit calculation.
Wells Fargo Destination IRAs, both Traditional and Roth IRAs, are available through Wells Fargo Bank, N.A. The maximum insurance coverage is $250,000 for all Traditional and Roth IRAs, any Simplified Employee Pension accounts, "Section 457" deferred compensation plan accounts, self-directed Keogh plan accounts, and self-directed defined contribution plan accounts owned by the same person at the same bank.
Wells Fargo and Company and its Affiliates do not provide tax or legal advice. This communication cannot be relied upon to avoid tax penalties. Please consult your tax and legal advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.
Investment products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
WellsTrade® and Intuitive Investor® accounts are offered through WFCS.
Retirement Professionals are registered representatives of and offer brokerage products through Wells Fargo Clearing Services, LLC (WFCS). Discussions with Retirement Professionals may lead to a referral to affiliates including Wells Fargo Bank, N.A. WFCS and its associates may receive a financial or other benefit for this referral. Wells Fargo Bank, N.A. is a banking affiliate of Wells Fargo & Company.
CD (Time Account) and Savings Account IRAs are available through Wells Fargo Bank, N.A.
Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.
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