Inactive Account Fee. In case during 6 (six) months the User has not made a single Transaction, or single Account Top-Up, or single Withdrawal of Funds, the Account of such User shall be considered Inactive Account (“Inactive Account“). For all Inactive Accounts, FORA TRADE applies a monthly fee, which is the equivalent of 5 (five) US dollars at the current SPOT rate of the US dollar to the Currency in which the fee will be debited (“Inactive Account Fee“). From the moment of recognizing the Account as Inactive, FORA TRADE has the right without notification of the User to debit Inactive Account Fee every calendar month. Inactive Account Fee debit occurs until the 10th (tenth) day of each such month. Herewith, the Account ceases to be considered an Inactive Account from the date of execution of any of the following actions: one Transaction, or one Account Top-Up, or one Withdrawal of Funds. The debiting of Inactive Account Fee shall discontinue from the date when the Account ceases to be considered an Inactive Account. Inactive Account Fee is debited by FORA TRADE in any Currency in which the Funds are available in Inactive Account at the time of such debit. If the amount of Funds in User Account is less than the amount of Inactive Account Fee, FORA TRADE debits the entire balance of Funds from such Account.
Inactive Account Fee. Inactive Account $3.00 per account, per annum An inactive account is defined as having a zero balance with no interest payable, or an account that has been coded never to be reopened. Inactive accounts are typically purged on an annual basis, after tax reporting. Monthly Minimum Fee: $6,250 per month, relates to Active Account Fees and Inactive Account Fees only. Transaction Charges: Customer Phone Calls: $ 3.00 per call New Account Opening: • Electronic interface $ 0.85 per account • Paper interface $ 5.00 per account Information Kit Fulfillment $ 1.00 each Checks Processed $ 0.15 each Check Payee Enhancement $ 0.15 each Manual Subsequent Claim $ 5.00 each Manual Check Redemption $ 5.00 each Stop Payment $ 12.50 each Non Sufficient Funds $ 15.00 each Check Copy $ 2.50 each Customer Management Suite: Per seat fee* $1,000.00 * Waived for the first four seats.
Inactive Account Fee. We will charge a monthly fee for any accounts which have had no "activity" for 13 consecutive months. By activity we mean no new trades placed or rollovers on existing open positions. The monthly inactive account fee is $USD 10.00 per calendar month. This means that the first possible account maintenance fee (for inactive accounts) would be debited from your account 13 months from the last activity as defined above. This fee will never be applied to accounts that are in debit and if the credit balance is less than the fee amount i.e. balance of $USD5.00, we would only charge the amount which would zero out the balance on the account, and never create a debit balance from a credit balance.
