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 inactivity fee
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|📃 Ally Invest deposit methods
|🗺️ Country of regulation
|🎮 Ally Invest demo account provided
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.
What is inactivity fee and when is it charged?
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
Brokerage fees come in many forms. Some of them you're probably aware of, but others are less obvious and can hurt your investment results if you don't pay attention to them. Inactivity fees are among those fee items that can serve up an unpleasant surprise to the casual long-term investor.
What is an inactivity fee? At some brokers, you have to pay an inactivity fee if you don't use your account for trading or other transactions for a longer period (usually one year or more). Once it kicks in, you have to pay it regularly until you start trading again. Exact terms - such as what counts as an activity - differ from broker to broker, so check them carefully.
To read more about possible expenses you may face as a long-term investor, check out our summary of the most common brokerage fees.
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