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Service |
Fee |
Comments |
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Account Types |
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Several account types are available:
Individual, Joint, Custodial,
Partnership, Investment Club,
Corporate and Trust .
You may open multiple accounts if you wish. These will be maintained separately
and each account can elect a different Investing Plan. |
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Opening an Account |
No Minimum Balance Required |
Our account registration process is online. Certain account types (Partnership,
Investment Club, Corporate, and Trust accounts) require extra documentation and
will be asked to mail those in.
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Investing Plans |
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MyStockFund offers three standard investing
plans. Investing plan pricing may vary from our retail site depending on
partner or affiliate.
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Basic |
$5.98/month, includes 2 purchases
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The Basic Plan offers a flat rate Plan Purchase commission of just $2.99 per order. The low monthly fee of $5.98 includes two Plan Purchases each month. There is no membership fee associated with the Basic Plan, and additional Plan Purchases cost just $2.99. |
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Flex |
$59.99/year, $1.99/purchase |
The Flex Plan has an annual membership fee of $59.99, and offers a reduced Plan Purchase commission of just $1.99 per order. There are no purchase requirements or minimums associated with the Flex Plan. |
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Diversified |
$39.99/year, $0.99/purchase |
The Diversified Plan has an annual membership fee of $39.99, and offers unlimited Plan Purchases for just 99 cents per order. The low monthly fee of $9.90 includes 10 Plan Purchases each month, and additional Plan Purchases cost just 99 cents. |
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Sell Orders |
$12.99 |
All sales are done with real-time market
orders. Sales are not included in Investing Plan pricing.
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Real-time Market orders |
$12.99 |
Members can place an order to buy or sell any security (in whole share
denominations) even if it does not exist on our posted security list. All
orders must be entered during regular market hours.
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Payment Options
(Credit Card Or Cash Link)
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MyStockFund gives you the choice. Standard
fees and transactional fees may be charged to a credit card or debited from
your personal checking or savings account. Our standard fees will be charged
directly to your personal (checking or savings) account or to your designated
credit card - Visa, MasterCard or Discover, the first day of the month
following the month in which the transactions or fees were incurred.
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Dividend Reinvestment |
No Charge
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You may instruct MyStockFund to automatically reinvest dividends issued for a
security back into that security, or to deposit dividends issued into his or
her MyStockFund cash account. This selection is made on an account-by-account
basis, not on a security-by-security basis. |
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Funding Account
via Cash Link |
No Charge |
MyStockFund draws funds via Cash Link (ACH)
from the member's bank or credit union checking or savings account to fund
AutoVest purchases automatically. You can also fund your account using Instant
Deposits, and Recurring Deposits which are all done using our Cash Link
feature. |
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Plan Purchase Funding
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No Charge
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A scheduled amount of funding may be withdrawn each designated Plan Purchase
cycle for AutoVest purchase(s) or for One-time Plan purchases. Plan purchases
may be edited and viewed in Pending Transactions for the week in progress. |
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Instant Deposits |
No Charge |
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Recurring Deposits |
No Charge |
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Brokerage Account
Transfer - In
(Electronic) |
No Charge |
Members can complete and send an Account
Transfer (ACAT) form to MyStockFund Securities to transfer these holdings into
his or her MyStockFund account. Transferred holdings are elgibile for
divident reinvestment. |
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Account Transfer - Out
(Electronic) |
$50/occurrence |
MyStockFund can electronically transfer securities to another brokerage
account. Fractional shares cannot
be transferred, so that portion of any holdings is liquidated and the proceeds
paid by check or ACH transfer. The member initiates this transaction by
contacting the new broker first. |
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Certificate
Transfer - In |
No Charge |
Members can send a Deposit Stock Certificate form
and certificates to MyStockFund Securities to transfer these holdings into his
or her MyStockFund account. Certificates transferred into MyStockFund will be
eligible for dividend reinvestment.
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Certificate Reject |
$35 + Transfer Agent Costs |
Some certificates are good, but not eligible for deposit in the national
depository for any of several reasons.
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Certificate
Issuance & Delivery |
$25/Certificate |
MyStockFund charges a fee to issue and
deliver certificates via registered mail.
Certificates cannot be issued for fractional shares.
That portion of the holdings will be liquidated for cash and the proceeds
deposited in the member's cash account. |
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Legal Change of Ownership |
$50/Stock Transfer |
This feature allows members to transfer ownership to someone else, as when
giving a gift of shares. |
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Cash Withdrawals
via Cash Link |
| No Charge |
Check-
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$5/request |
Wire-
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$25/request |
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Members can request that a portion or all of
the account cash balance be disbursed (made out and sent to the account holder
only). |
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Cash on Deposit
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No Charge |
Members with a cash balance will have it moved to an insured deposit account
and be paid a rate of interest, which may fluctuate daily depending on market
conditions. (current
Legent Insured Deposit interest rate) |
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Returned Check |
$25 |
MyStockFund charges a fee if a member's
check is returned for any reason. |
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Returned ACH |
$25 |
MyStockFund charges a fee if a member's Cash link(ACH) is returned for any
reason. |
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Confirmation
Statements |
Electronic - No Charge,
Paper - $5/month |
There is no charge for e-confirms. Paper
confirmations and account statements are available for a flat rate of $5.00 per
month.
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Account Statements |
Electronic - No Charge,
Paper - $5/month |
There is no charge for e-statements. Paper confirmations and account statements
are available for a flat rate of $5.00 per month.
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Previous
Statements |
Electronic-
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No Charge, |
Paper-
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$20/request |
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Members will have access to 18 months of
electronically archived statements. Members have access to 12 months of
transactions through the Transaction History page. |
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Brokerage Services |
No Charge |
There is no charge to receive information regarding dividends, splits,
corporate actions (e.g., mergers & acquisitions), tax reporting (1099),
shareholder communications, proxies, tender offers, etc. |
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Close Account -
Transfer all Stock |
$50 plus $50 transfer fee |
Members pay a fee to close accounts and
transfer stock to another firm. There is no charge for fractional
share liquidation.
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Close Account - Sell and Liquidate All Stocks |
$50, plus sales fees for more than 4 securities |
Members will be able to close their accounts and liquidate up to four (4)
holdings to cash.
Any additional securities liquidated, in excess of four, will be charged at
$12.99 per trade. There is no charge for fractional share
liquidation. |
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Close Account -
Certificate Stocks |
$50 + $25/certificate |
Members will be able to close their accounts
and receive certificates via registered mail.
Certificates cannot be issued for fractional shares.
That portion of the holdings will be liquidated and paid by check or ACH
transfer. |
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Broker Assisted Buys and Sells |
$25 per trade |
Members can buy whole shares based on amount of cash on deposit. ORDERS MUST BE
PLACED VIA PHONE DURING MARKET HOURS, MONDAY-FRIDAY, 9:30AM - 4:00PM ET, EXCEPT
HOLIDAYS. Broker Assisted Buys and Sells may be contingent on the availability
of a Broker. Call (888) 620- 6050 ext 103 to place an order.
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