# IB: Monthly Account Inactivity Fees Eliminated
**URL:** https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728
**Category:** Investing / Brokers
**Created:** [July 8, 2021, 2:57pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728 "2021-07-08T14:57:46Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@ma0](https://forum.mustachianpost.com/u/ma0)
#### Post date: [July 8, 2021, 2:57pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/1 "2021-07-08T14:57:47Z")
I just got an email about it. Now all you potentially-customers that are afraid of spend some 10s for the first few months/years should rejoice 🙂
> Effective July 1, 2021, you will no longer be charged USD 10 for not maintaining a minimum balance or transaction activity for account xxxx
Superweird. I have 1 account and it’s over 100k.
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### Author:  [@Leap](https://forum.mustachianpost.com/u/Leap)
#### Post date: [July 8, 2021, 2:59pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/2 "2021-07-08T14:59:29Z")
This is quite the game-changer. I assume that many people are currently with Degiro because they’re far from having 100k$ invested. I wonder if they will switch.
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### Author:  [@Bojack](https://forum.mustachianpost.com/u/Bojack)
#### Post date: [July 8, 2021, 3:02pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/3 "2021-07-08T15:02:10Z")
It’s not weird, it’s a standard message sent to all users, and probably over a half of them has under 100k portfolio value.
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### Author:  [@preparations](https://forum.mustachianpost.com/u/preparations)
#### Post date: [July 8, 2021, 3:03pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/4 "2021-07-08T15:03:17Z")
That’s awesome. Now I can finally recommend IBKR to people that just want to dabble with a few thousand.
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### Author:  [@Cortana](https://forum.mustachianpost.com/u/Cortana)
#### Post date: [July 8, 2021, 3:05pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/5 "2021-07-08T15:05:49Z")
Nice! I have just 35k at IBKR, so no minimum fees anymore?
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### Author:  [@ma0](https://forum.mustachianpost.com/u/ma0)
#### Post date: [July 8, 2021, 3:11pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/6 "2021-07-08T15:11:26Z")
SQL-wise is weird. they have to insert your account number in the email template, it’s not 100% generic.
🙂 🙂
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### Author:  [@\_name](https://forum.mustachianpost.com/u/_name)
#### Post date: [July 8, 2021, 3:17pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/7 "2021-07-08T15:17:07Z")
Awesome news, looking forward to that email! I saw someone mention it on Twitter just now, but otherwise it’s not mentioned anywhere else.
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### Author:  [@San\_Francisco](https://forum.mustachianpost.com/u/San_Francisco)
#### Post date: [July 8, 2021, 3:24pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/8 "2021-07-08T15:24:19Z")
> [@Leap](#):
>
> I assume that many people are currently with Degiro because they’re far from having 100k$ invested.
Here on the forum maybe.
For average friends and family, I guess many don’t want to trade with a foreign/US/UK/English-language broker.
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### Author:  [@s0974748](https://forum.mustachianpost.com/u/s0974748)
#### Post date: [July 8, 2021, 3:24pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/9 "2021-07-08T15:24:27Z")
I hope they don’t increase their other fees. I was ok with this fee in exchange for their other low fees compared to other brokerages.
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### Author:  [@ma0](https://forum.mustachianpost.com/u/ma0)
#### Post date: [July 8, 2021, 3:29pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/10 "2021-07-08T15:29:16Z")
They probably have enough customers that don’t complain and just buy ETFs to not bother raising other fees. Also they might be losing small customers to DeGiro.
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### Author:  [@Cortana](https://forum.mustachianpost.com/u/Cortana)
#### Post date: [July 8, 2021, 4:35pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/11 "2021-07-08T16:35:27Z")
This changes basically everything. No point in using Degiro for anyone anymore.
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### Author:  [@SwissMousse](https://forum.mustachianpost.com/u/SwissMousse)
#### Post date: [July 8, 2021, 5:16pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/12 "2021-07-08T17:16:33Z")
Yes, same email received here, although I wasn’t paying it either.
Now this, and the announcement that they are going to trade crypto - I hope they can hold things upright when the hordes enter.
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### Author:  [@GdOeS](https://forum.mustachianpost.com/u/GdOeS)
#### Post date: [July 8, 2021, 6:17pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/13 "2021-07-08T18:17:36Z")
So, if I switch from Degiro to buy only VT, I pay only the CHF-USD Exchange fee?
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### Author:  [@preparations](https://forum.mustachianpost.com/u/preparations)
#### Post date: [July 8, 2021, 6:26pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/14 "2021-07-08T18:26:09Z")
Plus a small fee on each VT buy, but it’s really low
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### Author:  [@Cortana](https://forum.mustachianpost.com/u/Cortana)
#### Post date: [July 8, 2021, 6:30pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/15 "2021-07-08T18:30:17Z")
2 CHF for each exchange (at better rates than Degiro, should be noted) and 0.35 CHF for buying VT (it’s actually 0.0035 CHF per share, but you’ll need an order of \>20k CHF to get charged more with VT).
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### Author:  [@Ardius](https://forum.mustachianpost.com/u/Ardius)
#### Post date: [July 8, 2021, 7:45pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/16 "2021-07-08T19:45:39Z")
I have 80k at degiro. What would be the Best move ? Sell transfert Money and rebuy ?
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### Author:  [@Ardius](https://forum.mustachianpost.com/u/Ardius)
#### Post date: [July 8, 2021, 7:57pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/17 "2021-07-08T19:57:13Z")
Where do you see these prices ? I see 0.1% and min CHF 10 per order
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### Author:  [@mabi](https://forum.mustachianpost.com/u/mabi)
#### Post date: [July 8, 2021, 8:21pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/18 "2021-07-08T20:21:10Z")
There is still a point in keeping a second broker or even third broker: don’t put all your eggs in the same basket.
Degiro just happens to be the next best thing in terms of fees after IBKR as far as I know. I don’t want to get ripped off by Swissquote, so I keep Degiro just for broker diversification 🙂
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### Author:  [@xorfish](https://forum.mustachianpost.com/u/xorfish)
#### Post date: [July 8, 2021, 8:27pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/19 "2021-07-08T20:27:12Z")
Transfer is probably the best option unless Degiro charges too much for it.
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### Author:  [@mabi](https://forum.mustachianpost.com/u/mabi)
#### Post date: [July 8, 2021, 8:50pm UTC](https://forum.mustachianpost.com/t/ib-monthly-account-inactivity-fees-eliminated/6728/20 "2021-07-08T20:50:36Z")
Coincidence, I was just reading the fee document of degiro ([https://www.degiro.ch/data/pdf/ch-en/CH-EN\_Feeschedule.pdf](https://www.degiro.ch/data/pdf/ch-en/CH-EN_Feeschedule.pdf)) and here are the fees for that:
Transfer portfolio from DEGIRO: € 10.00 per position + external costs
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