What is a brokerage fee?

In a brokerage account, you pay a fee or commission1 for stock and exchange-traded funds (ETFs)2 transactions (an amount charged to execute your trade), a markup/markdown for bond transactions (the difference between the market price and the amount you pay) and a sales charge or transaction fee for mutual fund transactions.

Fees for trades placed online

  • Stocks, exchange-traded funds (ETF) and closed-end funds: $4.95 per trade
  • 100 free online stock or ETF trades per year3 with a U.S. Bancorp Investments Self-Directed Brokerage Account enrolled in paperless document delivery and a U.S. Bank Smartly® Checking4 account offered by our affiliate U.S. Bank.
  • Options: $4.95 per trade plus $1 per contract
  • Mutual funds:
    • No load, no transaction fee funds5: $0
    • No load, transaction fee funds: $25 per transaction
    • Sales charges per the applicable fund prospectus

Fees for trades placed through Wealth Connect

  • Call 800-888-4700
  • $25 for Brokerage Service Associate assistance plus online commission rate

Additional fees

Fee type

Fee cost

Cash and stock extensions

$15 per occurrence

Wire transfers

$30 per transfer domestic

Returned check

$25 per occurrence

Annual account and/or IRA fee6

$50 per account

Certificate re-registration7

$45 minimum per issue

Certificate deposit/withdrawal

$45 per issue

Account transfers and IRA closeout

$95 per account

Electronic transfer return

$25 per occurrence

Overnight check

$15 per occurrence

Non-sufficient funds

$25 per occurrence

Stop payment

$25 per occurrence

Foreign securities8

$75 clearing fee

Fee type

Fee cost

Cash and stock extensions

$15 per occurrence

Wire transfers

$30 per transfer domestic

Returned check

$25 per occurrence

Annual account and/or IRA fee6

$50 per account

Certificate re-registration7

$45 minimum per issue

Certificate deposit/withdrawal

$45 per issue

Account transfers and IRA closeout

$95 per account

Electronic transfer return

$25 per occurrence

Overnight check

$15 per occurrence

Non-sufficient funds

$25 per occurrence

Stop payment

$25 per occurrence

Foreign securities8

$75 clearing fee

Corporate and municipal bonds

Transactions in corporate and municipal securities will be transacted on a principal basis and include a fair market mark-up or mark-down, which will be reflected in the execution price of the security.

Government securities and agencies

Primary market U.S. Treasuries purchased directly at auction: $60 per transaction (bills, notes and bonds).

Secondary market transactions in government and agency securities will be transacted on a principal basis and include a fair market mark-up or mark-down, which will be reflected in the execution price of the security.

 

Load mutual funds/unit investment trusts/variable annuities

Subject to applicable sales charges and/or redemption fees as stated in the prospectus. Investors should consider an investment’s objectives, risks, charges and expenses before investing. Please read the prospectus before investing. Minimum purchase requirements vary.

Ready to get started?

Choose an account and start investing today. Self-directed investing is exclusively available to current clients of U.S. Bancorp Investments or its affiliate, U.S. Bank. Not a client yet? We’re here to help you get started—give us a call at 800-888-4700.

General investing

Invest for the goals and milestones that matter most to you.

Open a self-directed account

Traditional IRA

Direct your pre-tax income into investments that can grow tax-deferred until you withdraw funds.

Open a Traditional IRA account

Roth IRA

Get tax-free growth potential and tax-free withdrawals after age 59½.

Open a Roth IRA account

SEP IRA

Small business owners and the self-employed can take advantage of tax-deferred growth potential and tax-deductible contributions.

Open a SEP IRA account

Take the next step

Call 844-872-4724
Request a call
Start Investing
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Disclosures

Self-directed investing legal agreements & disclosures

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  1. Unless noted, commissions are included in the total amount of the transaction. Additional account fees may apply for special research items. All fees are subject to change without notice. Fees may be reduced or waived under certain circumstances.

  2. Exchange Traded Funds (ETFs) are subject to risks similar to those of stocks, such as market risk. Investing in ETFs may bear indirect fees and expenses charged by ETFs in addition to its direct fees and expenses, as well as indirectly bearing the principal risks of those ETFs. ETFs may trade at a discount to their net asset value and are subject to the market fluctuations of their underlying investments.

  3. Offer is for 100 free trades per calendar year (Jan. 1-Dec. 31). Offer applies to online trades of equities and exchange-traded funds only and requires enrollment in paperless documents for self-directed brokerage account. To receive the free trades, a U.S. Bank Smartly® Checking account or an existing U.S. Bank Platinum® Checking Package or U.S. Bank Gold® Checking Package must be established with our affiliate U.S. Bank. Free trades made available up to four business days from confirmation of account funding. This offer is not designed to support day trading or active trading and may be revoked if there is excessive or unreasonable activity. Additional fees may apply. Please refer to the Schedule of Commissions and Fees for more information at https://www.usbank.com/investing/online-investing/self-directed-investing/brokerage-fees.html.

  4. A minimum deposit of $25 is required to open a U.S. Bank consumer checking account. All regular account-opening procedures apply. For a comprehensive list of account pricing, terms and policies, see the Your Deposit Account Agreement (PDF) and the Consumer Pricing Information (PDF) disclosure. These documents can be obtained by contacting a U.S. Bank branch or calling 800-872-2657.

  5. You can purchase and redeem shares of a No Transaction Fee fund without paying a transaction fee because the fund (or its advisors or other service provider) pays U.S. Bancorp Investments, Inc. a fee based on a percentage of the fund assets held by shareholders. This covers the costs of providing shareholder services to shareholders. The amount of the asset-based fee may differ based on various factors, which may impact performance.

  6. Annual account/IRA fees may be waived for clients with a statement household balance > $250k.

  7. Additional re-registration fees may be charged by the transfer agent.

  8. Added to the underlying base commission (buy or sell transactions, Canadian issues excluded).

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Investment and insurance products and services including annuities are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency.

U.S. Investments is a marketing logo for U.S. Bancorp Investments Inc.

U.S. Bank, U.S. Bancorp Investments and their representatives do not provide tax or legal advice. Each individual's tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

For U.S. Bank:

Equal Housing Lender. Deposit products are offered by U.S. Bank National Association. Member FDIC. Mortgage, Home Equity and Credit products are offered by U.S. Bank National Association. Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice.

U.S. Bank is not responsible for and does not guarantee the products, services or performance of U.S. Bancorp Investments, Inc.

U.S. Bank does not offer insurance products. Insurance products are available through our affiliate U.S. Bancorp Investments.

For U.S. Bancorp Investments:

Investment and insurance products and services including annuities, are available through U.S. Investments, the marketing name for U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank. U.S. Bank is not responsible for and does not guarantee products, services or performance of U.S. Bancorp Investments.

U.S. Bancorp Investments is registered with the Securities and Exchange Commission as both a broker-dealer and an investment adviser. To understand how brokerage and investment advisory services and fees differ, the Client Relationship Summary and Regulation Best Interest Disclosure are available for you to review.

Insurance products are available through various affiliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries. Products may not be available in all states. CA Insurance License #0E24641.

Pursuant to the Securities Exchange Act of 1934, U.S. Bancorp Investments must provide clients with certain financial information. The U.S. Bancorp Investments Statement of Financial Condition is available for you to review, print and download.

The Financial Industry Regulatory Authority (FINRA) Rule 2267 provides for BrokerCheck to allow investors to learn about the professional background, business practices, and conduct of FINRA member firms or their brokers. To request such information, contact FINRA toll-free at 1-800‐289‐9999 or via https://brokercheck.finra.org. An investor brochure describing BrokerCheck is also available through FINRA.

Municipal Securities Education and Protection– U.S. Bancorp Investments is registered with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board (MSRB). An investor brochure that describes the protections that may be provided to you by the MSRB rules and how to file a complaint with an appropriate regulatory authority is available to you on the MSRB website at www.msrb.org.

U.S. Bancorp Investments Order Processing Information.