It is in the US for brokerages. Many are at $150 to close the account, and they’ll debit your balance if you transfer assets out, thereby creating a negative cash balance at your new brokerage if you didn’t have enough cash to cover it.
Basically, yes. I’d have to check the ACAT standard , as I don’t know if it’s baked into the spec or a different agreement.
Keep in mind that there are typically thousands of dollars of assets coming over as well, so you only need to sell a tiny bit to cover the negative cash balance.
Also, I’ve never seen an account move over that had a total value of less than the closing fee, so I don’t know what happens in that case.
Usually the ticket fee are very, very small part of it.
The heavy weight is public founding, taxes.
I gladly play my tax here in Swiz because the system works. There are "big" delays ever here, yesterday something like 30 minutes, but is like 1 time out of 100.
If your wife's parents are located somehow in Germany near the Swiss border, consider to move to Switzerland or move to the border and be a frontier worker or a remote worker for a Siwss located company.
Top qualty of life and the highest salary in Europe.
- Switzerland
- 2500CHF / Year deductible
- 1 person
- ~30yo, good shape, no smoking, a beer now and than, office job
this is just the health insurance, here in Swiss we a shitload if insurances.