Excessive custodian fees charged by DBS for foreign stock holdings? - Seedly
 

Stocks Discussion

Investments

Asked by Anonymous

Asked 3w ago

Excessive custodian fees charged by DBS for foreign stock holdings?

Is everyone aware that DBS charges clients custodian fee for foreign stock holdings of MINIMUM S$100 per half-yearly for each foreign market?! So, if you have stock holdings, regardless the balance, at any given point during the half-year, let's say in US and HK, you will be charged S$200 per half-year, or S$400 per year. Excessive much!?

0

Answers (1)

Sort By

Most Upvote

  • Most Upvote
  • Most Recent
Frankie Aufhauser
Frankie Aufhauser
Level 7. Grand Master
Answered 2w ago

Yes, this sounds too much.

look for different online brokers, the fee schedules are changing constantly.

f.ex. in the U.S. brokerages like TD Ameritrade or Charles Schwab have

0.00 USD commission fees and no maintenance fees, maybe interesting if in need

of buying U.S. stocks (however only american market and witholding taxes 15%+15%)

1 comment

0
HeYuan Chen
HeYuan Chen

2w ago

Use standard chartered. No custody fee