Chase Investment Account Hidden Fees
If you are thinking about opening a Chase brokerage account, there are a lot of hidden fees that you should be aware of. These
fees, many of which can be carefully avoided, are covered in detail in this article. We’ll start with the more straightforward
commission structure, and then discuss some of the lesser known fees that would apply in certain scenarios.
J.P. Morgan Commissions
Right now anyone that opens a Chase Brokerage pays $0 commission for each online U.S. stock or
ETF trade.
This is in addition to a minor transaction fee on stock and ETF sales between $0.01 and $0.03 per $1,000 of principal. Trades
in foreign equities incur a commission of 0.2% of the principal amount of the trade.
Online mutual fund trades will always be free of commission, but note that most mutual funds charge an annual management fee that
is embedded in the NAV.
Commission for online fixed income trades is $1 per bond (1,000 Par Value) per trade ($10 minimum and $250 maximum per trade).
Chase does not charge any commission for trades of U.S. Treasury bonds, notes, and bills.
If you were to place any of these trades (stocks, ETFs, or bonds) via the phone with a Chase representative (called an “assisted
trade”) it would cost you an additional $20 to $25, but there shouldn’t really ever be a reason why you can’t place all your
trades online.
Chase Fees vs Competitors
Other Chase Brokerage Hidden Fees
While commissions and checking account maintenance fees are the most common costs you would encounter, there are some other less
common fees that could apply to your Chase brokerage account in certain scenarios.
Chase charges an account transfer/termination fee of $75 whenever any securities are transferred out of the account, which also
applies to transferring out your SEP or IRA assets. External wire transfers incur a fee of $30; however this can be easily
avoided by using electronic transfers to move your money around.
It is also recommended to use online account statements as physical copies sent through the mail incur a $6 charge.
There are some other fees that can be incurred in unique situations, such as with alternative investments (private equity, hedge
funds, etc.), dealing with physical stock certificates, and transacting with foreign securities/agents, but these won’t apply to
the average investor.
In summary, most of the lesser known hidden fees at J.P. Morgan Self-Directed Investing account can be avoided simply by being
cognizant of and avoiding the unique scenarios that would incur them.
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