Ally Invest Logo

Inactivity fee at Ally Invest

Your expert
Fact checked by
Adam N.
Updated
Jan 2024
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

Does Ally Invest charge an inactivity fee as of January 2024?

No, Ally Invest does not charge an inactivity fee.

This is great news, because you can be sure you won't be charged for not using your account for a long period of time.

Ally Invest main highlights
💰 Ally Invest inactivity fee No
💰 Ally Invest withdrawal fee $0
💰 Ally Invest minimum deposit $0
📃 Ally Invest deposit methods Bank transfer
🗺️ Country of regulation USA
🎮 Ally Invest demo account provided No

Data updated on January 11, 2024

At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.

BrokerChooser score
4.5 4.5 /5
Visit broker

What is inactivity fee and when is it charged?

My key findings in a nutshell
Edith
Edith Balázs
Forex • Safety • Financial Journalism

I've thoroughly tested Ally Invest services with our analyst team by opening a real-money account and these are my most important findings:

  • The inactivity fee is an important non-trading fee for long-term investors
  • Brokers usually charge an inactivity fee if you fail to use your account for a longer period
  • Ally Invest does not charge an inactivity fee

Broker fees can make a big difference in the overall performance of your investments, and there's nothing more annoying than an obscure fee item suddenly appearing out of nowhere. Inactivity fees are one of those cost items that can pass under the radar and cause a headache for long-term investors.

What is an inactivity fee? An inactivity fee is charged by some brokers if you fail to trade or otherwise use your account for an extended period. In most cases, it kicks in after one year, after which you have to pay it on a regular basis until you start trading again. Check terms carefully: at some brokers, you can dodge the inactivity fee by simply logging in to your account.

To read more about possible expenses you may face as a long-term investor, check out our summary of the most common brokerage fees.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Further reading

Author of this article

Edith Balázs

Forex • Safety • Financial Journalism

I bring 20+ years of experience as a correspondent having worked for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed-income markets. I hold a Master's degree in American Studies and Journalism.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Follow us

Regional settings

×
I'd like to trade with...