Right now, Assets is only available to UK residents and most businesses that are tax resident in the UK. We’re working on expanding it to more customers, and we’ll let you know when we’re done.
When you hold your money as stocks you pay two fees: a service fee and a fund fee.
What’s the service fee?
We charge the service fee. This is a monthly fee of 0.07% — it’s calculated daily based on the amount you hold as stocks in your accounts and Jars. And it’s charged on the 1st day of the following month.
We’ll always take the service fee from a currency account balance — we don’t charge the fee to Jars. Jars are designed to help you keep money where it can’t be withdrawn accidentally. The only way you can use money in jars is to move it out yourself.
This means if you hold a Jar as stocks, we’ll charge the fee to your currency account that’s in the same currency. This currency account can be held as cash or stocks. So, if you have a Jar held as stocks in GBP, we’ll charge the fee to your GBP account.
And if you don’t have enough money in that account to pay the fee, we’ll take it from another currency account that does have money in it.
Learn more here about what fees we charge for holding large amounts of EUR.
What’s the fund fee?
BlackRock charges the fund fee. The fund fee is 0.15% annually. It’s automatically reflected in the value of your investment, so you won’t see it charged to your account as a separate fee.
You won’t pay any other fees
When you hold money as stocks, you won’t pay any fees apart from the service and fund fees.
The Key Investor Information Document mentions an entry fee, but this isn’t charged to Wise customers.
Because we charge a service fee, you don’t need to pay any trading fees to cover your investment transactions.
And while the fund’s currency is EUR, you won’t pay a conversion fee if your account or Jar is held in another currency.
You’ll only pay a conversion fee if you add money to your account or Jar and it’s in a different currency. This is the same fee we always charge for converting currencies.