Hey all.
I have received an email from T212 telling me ADR fees are incomingā¦ How do I know which stocks attract these fees?
I couldnāt really understand what it was on about..
1 Like
Itāll be a foreign company listed in the US, like ASML, TSM, BABA etc. Itās a custody fee to cover costs. ADR fees mostly come out of dividends though they can be passed on separately by the broker to the client too.
I switched out one of my holdings recently to buy the underlying company on the Hong Kong exchange, partly to swerve such a fee but also because it was a more liquid listing.
2 Likes
It is nice of T212 to warn us in advance but it would be even nicer to have a filter option in the portfolio to quickly find all owned stocks that will be affected.
2 Likes
Reading their helpdesk it looks like they offer a āfreeā overdraft so if caught unawares you can pay them back (T212) without being penalised short term.
1 Like