Fineco Bank ISA fees explained

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Is an ISA free?

If you are a UK resident, an Individual Savings Account (ISA) is a great way to build your savings tax-free. However, they are not free: as with any type of investment, there are costs. There are different types of ISAs, each with its own set of rules and fees. In this article, we are focusing on fees associated with stocks and shares ISAs.

ISAs are not free, there are costs. Don't forget to check out our top recommendations for best brokers for stocks and shares ISA.

Now let’s see the different ISA fees at Fineco Bank!

Fineco Bank

4.5/5

Minimum deposit

Stock fee

Low

FX fee

High

Inactivity fee

Account opening

1-3 days

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How much does an ISA cost at Fineco Bank?

Fees associated with a stocks and shares ISA account are similar to the ones you would to pay when holding a regular trading account with a broker. If you want to learn more about what these fees mean, check out our explainer.

Here are the common fees associated with ISAs in the UK:

Non-trading fees:

Account fees: fixed amount, or a percentage of the value of the portfolio
Custody fees: fixed fee charged for managing your account
Inactivity fees: charged after a certain amount of time you stop using your account
Deposit/Withdrawal fees: if you want to deposit or withdraw money from your ISA account, you might be charged
Transfer fees: if you want to transfer your ISA from one provider to another, the provider you are transferring from may charge a fee

Trading fees, which are charged when you invest in an asset:

It depends on what asset you trade and on which market
Stamp duty is a government levy charged on the purchase of UK shares
You might need to pay a conversion fee if your transaction requires a currency conversion

Let’s see an overview of non-trading fees at Fineco Bank and its closest competitors!

ISA related fees at Fineco Bank
	Fineco Bank Fineco Bank	Saxo Saxo	Interactive Brokers Interactive Brokers
Account fee Monthly account fee	No No account fee	No No account fee	No No account fee
Custody fee Fee charged for custodian services	No No custody fee	Yes 0.12% of position value per year at Classic & Platinum accounts (0.08% for VIP account) with monthly fee of €5. You can avoid this fee by enabling stock lending program.	No No custody fee
Inactivity fee Fee applied if a customer does not trade for a certain length of time	No No inactivity fee	No No inactivity fee	No No inactivity fee
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free withdrawal for domestic non-instant bank transfer and debit cards, while a fee charged domestic instant bank transfers and internationals withdrawal	$0 Free withdrawal	$0 One free per month, after that $10
Deposit fee	$0 Free deposit	$0 Free deposit	$0 Free deposit

Data updated on June 17, 2024

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And here’s an overview of the trading fees:

ISA related fees at Fineco Bank
	Fineco Bank Fineco Bank	Saxo Saxo	Interactive Brokers Interactive Brokers
US stock fee Estimated commission of a $2,000 trade	$3.95 per trade for UK customers; $3.95-$12.95 per trade for Italian customers, depending on the number of monthly trades	0.08% of trade value with $1 minimum, but using VIP pricing the commission can be as low as 0.03% of trade value with $1 minimum	Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan.
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	$3.7 £2.95 per trade for UK customers; $3.95-$12.95 per trade for Italian customers depending on the number of monthly trades	$3.8 0.08% of trade value with £3 min., but using VIP pricing the commission can be as low as 0.03% of trade value with £3 min.	$3.8 Fixed £3 for trade value less than £6,000, 0.05% of trade value for more than £6,000
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	$8.7 £6.95 per trade for UK customers, while 0.19% of trade value with a min of €5.95 and max of €19 for Italian customers	$21.6 0.2% of trade value with €20 min, but with VIP pricing it can be as low as 0.05% of trade value and min €20	$10.0 Below €50,000 face value: 0.1% of trade value with €2 min
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	- Not available	$21.6 0.2% of trade value with €20 min, but with VIP pricing it can be as low as 0.05% of trade value and min €20	$5.0 For the first $1,000,000 face value: 0.002% of trade value with $5 min.
Fund trading fee	$0.1	$0.0	$29.9
Stamp duty fees	0	0.5	0

Data updated on June 17, 2024

It's worth shopping around to compare fees and rates offered by different providers to ensure you get the best deal for your savings.

To do just that, check out our top recommendations for best brokers for stocks and shares ISA.

Our expert team here at BrokerChooser specializes in helping you find a broker that best suits your needs. We have reviewed over a 100 brokers based on BrokerChooser's unique methodology.

If you have any feedback or questions, feel free to contact us via email!

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ISA fees at Fineco Bank explained

Is an ISA free?

How much does an ISA cost at Fineco Bank?

Further reading