My $17 Is Stuck With Sharebuilder Forever Thanks To Stupid Fees

My $17 Is Stuck With Sharebuilder Forever Thanks To Stupid Fees

Chip wanted to take the money in his Sharebuilder account elsewhere. He had rolled over a 401(k), but not a very big one. Whether he didn’t have it long or the one security in it had lost value, he didn’t say, but the balance is only $17. The thing is, he needs to add another $73 in order to move the account anywhere. Sharebuilder’s fees to move your account to another institution are $75 per account (he has multiple accounts) and $15 per security. He asked whether the $75, at least, could be waived in the case of an account with such a tiny balance. They said no. [More]