Veracent Intelligence

All questions · COST-08

What withdrawal, transfer-out or closure charges apply?

Answered for 10 of 12 firms. Published fee schedule

Close your account (see additional note 9) £250 Payable when all funds in your account are withdrawn via flexi-access drawdown or UFPLS payments.

AJ Bell charges £250 to close an account when all funds are withdrawn via flexi-access drawdown or UFPLS payments.

Binding document · AJ Bell Management Limited · Benefits charges table · Check the source

Standard transfer-out £75 Applies to the transfer-out of cash to another pension scheme and to annuity purchases.

AJ Bell's standard transfer-out charge is £75, applying to the transfer-out of cash to another pension scheme and to annuity purchases.

Binding document · AJ Bell Management Limited · Transfer-out table · Check the source

In specie transfers-out (Funds & Shares Service) £25 Payable for each holding transferred and VAT-exempt .

AJ Bell's in specie transfers-out from the Funds & Shares Service are charged £25, payable for each holding transferred, and are VAT-exempt.

Binding document · AJ Bell Management Limited · Transfer-out table · Check the source

Transfer-Out Charge: the charges as published on the Charges section of the Website we charge you in relation to a Transfer-Out of the relevant Product

The terms state that a Transfer-Out Charge is charged in relation to a Transfer-Out of the relevant Product, as published on the Charges section of the Website.

Binding document · AJ Bell Management Limited · Definitions - Transfer-Out Charge · Check the source

on you becoming a Member or Transferring out, we reserve the right to charge the full Quarterly Administration Charge and Annual Custody Charge or Annual Charges (as applicable) for the Quarter in which you became or ceased to be a Member.

The terms state that on becoming a Member or Transferring out, AJ Bell reserves the right to charge the full Quarterly Administration Charge and Annual Custody Charge or Annual Charges for the Quarter in which the person became or ceased to be a Member.

Binding document · AJ Bell Management Limited · clause 7.2 · Check the source

Transfer-out to a Qualifying Recognised Overseas Pension Scheme (QROPS) £425

AJ Bell charges £425 for a transfer-out to a Qualifying Recognised Overseas Pension Scheme (QROPS).

Binding document · AJ Bell Management Limited · Transfer-out table · Check the source

For accounts closed 12 months or more after opening, an account closure charge of £75 will apply.

AJ Bell states that for accounts closed 12 months or more after opening, an account closure charge of £75 will apply.

Binding document · AJ Bell Management Limited · Additional note 9, Benefits · Check the source

If you withdraw money or investments from your Lifetime ISA for any other reason or do not adhere to all of the requirements in the ISA Regulations, you'll pay a government withdrawal charge (as set by the ISA Regulations and is currently 25%).

For the Lifetime ISA product, the client terms state a government withdrawal charge of 25% applies to withdrawals made outside the permitted circumstances.

Binding document · Digital Moneybox Limited · Section 6.1.6, Lifetime ISA · Check the source

Where it has been necessary to process a same-day withdrawal for a customer, a £5 fee will be incurred. This fee is charged by our banking provider.

A £5 fee is charged for processing a same-day withdrawal, charged by the banking provider.

Published by the firm · Freetrade Limited · Check the source

We will pay the proceeds (less any fees, charges and other amounts due to us up to the date that your Freetrade Account(s) is closed) to your Freetrade GIA (if it is not being closed) or to your Linked Bank Account.

The client agreement states that on closure of a Freetrade Account, proceeds from the sale of investments will be paid to the customer less any fees, charges and other amounts due up to the date the account is closed.

Binding document · Freetrade Limited · Check the source

Each UFPLS withdrawal will cost £240.

The fee schedule states that each UFPLS withdrawal from the SIPP costs £240.

Published by the firm · Freetrade Limited · Check the source

We will make a charge for transferring US Investments as set out here .

The document states that Freetrade will make a charge for transferring US Investments out of a customer's account.

Binding document · Freetrade Limited · Check the source

We will make a charge for transferring US Investments as set out here .

The client agreement states that a charge applies for transferring US Investments out of the account.

Binding document · Freetrade Limited · Check the source

We do not charge for transfers out nor an exit fee if your Freetrade SIPP is closed following transfer or death.

The fee schedule states there is no charge for transfers out or an exit fee if the Freetrade SIPP is closed following transfer or death.

Published by the firm · Freetrade Limited · Check the source

If you transfer in cash you will not pay a separate transfer out fee.

The agreement states that no separate transfer out fee is payable if the transfer is made in cash.

Binding document · Hargreaves Lansdown Asset Management Limited · Check the source

We reserve the right to apply a transfer fee of £25 per stock for in specie transfers.

The document states that a transfer fee of £25 per stock may apply for in specie transfers.

Binding document · Hargreaves Lansdown Asset Management Limited · Check the source

Charges may also apply to transfers and these are set out in section A31.

The document states that charges may apply to transfers, as set out in a separate section of the agreement.

Binding document · Hargreaves Lansdown Asset Management Limited · Check the source

We reserve the right to apply a transfer out fee of £25 per stock for in specie transfers.

The agreement states that a transfer out fee of £25 per stock may be applied for in specie transfers.

Binding document · Hargreaves Lansdown Asset Management Limited · Check the source

We estimate that the cost to us of the administrative work required to deal with such payments (ignoring the cost of us making a payment to you) is £50. If the sums applied are £50 or less we will keep them to cover or contribute towards the administrative expense; we will not claim any shortfall. However, if the sums applied are more than £50 we will pass them on in full; we will waive the £50 charge

The terms and conditions state that if sums applied to a Portfolio after closure are £50 or less, the amount will be kept to cover the administrative expense, and if more than £50 the full amount will be passed on.

Binding document · Integrated Financial Arrangements Ltd · Clause 13.3(2), Closure generally · Check the source

We may make an extra charge for any work involved if you want to transfer Investments or Cash out of a Wrapper to another manager, trustee, custodian, agent, administrator or other similar organisation.

The terms and conditions state that an extra charge may be made for any work involved if the customer wants to transfer Investments or Cash out of a Wrapper to another manager, trustee, custodian, agent, administrator or other similar organisation.

Binding document · Integrated Financial Arrangements Ltd · Section 11, Other charges and payments · Check the source

If you decide to cancel, we will not charge any Annual Charges on any Investments, Cash or Wrapper administration charges (and will refund any such charges deducted from your Portfolio before receiving your cancellation instruction).

The terms state that if a customer cancels, the entity will not charge any Annual Charges on Investments, Cash or Wrapper administration charges, and will refund any such charges deducted from the Portfolio before receiving the cancellation instruction.

Binding document · Integrated Financial Arrangements Ltd · Your right to change your mind · Check the source

MONZO BANK LIMITED

Stated by the firm
For all account types, we’ll charge a 3% fee on cash withdrawals after you’ve reached your fee-free limit.

Monzo states that for all account types, a 3% fee is charged on cash withdrawals after the fee-free limit has been reached.

Published by the firm · Monzo Bank Limited · Cash withdrawals · Check the source

REVOLUT LTD

Verified
Standard Account: Up to 5 free ATM withdrawals or the first £200 per month fee free, 2% fee after that, at a £1 minimum fee per withdrawal

The fee schedule states that Standard Account holders get up to 5 free ATM withdrawals or the first £200 per month fee free for cash withdrawal in foreign currency, with a 2% fee after that and a £1 minimum fee per withdrawal.

Binding document · Revolut Ltd · Cash withdrawal in foreign currency · Check the source

If you make a card transfer, you will also be charged a fee. This fee will depend on the amount you are sending and where you are sending it to.

The terms state that if a card transfer is made, the customer will be charged a fee that depends on the amount sent and the destination.

Binding document · Revolut Ltd · Fees for making or receiving payments · Check the source

Metal Account: First £800 per month fee free, 2% fee after that, at a £1 minimum fee per withdrawal

The fee schedule states that Metal Account holders get the first £800 per month fee free for cash withdrawal in pounds in the UK, with a 2% fee after that and a £1 minimum fee per withdrawal.

Binding document · Revolut Ltd · Cash withdrawal in pounds in the UK · Check the source

Standard Account: Up to 5 free ATM withdrawals or the first £200 fee free per month, 2% fee after that, at a £1 minimum fee per withdrawal

The fee schedule states that Standard Account holders get up to 5 free ATM withdrawals or the first £200 fee free per month for cash withdrawal in pounds in the UK, with a 2% fee after that and a £1 minimum fee per withdrawal.

Binding document · Revolut Ltd · Cash withdrawal in pounds in the UK · Check the source

We may also charge you any cancellation fees that apply to other agreements you've entered into with us (for example, if you cancel your paid plan subscription under the Paid Plan Terms).

The terms state that cancellation fees may be charged for other agreements entered into, such as cancelling a paid plan subscription, when the account is closed.

Binding document · Revolut Ltd · How do I close my Account? · Check the source

£2 for each month that you continue to have a positive balance after we closed your account.

The document states an administration fee of £2 applies for each month a positive balance is held after the account has been closed.

Binding document · Revolut Ltd · Check the source

After free allowance 2% per withdrawal, subject to a minimum fee of £1.

The fee schedule states that after the free ATM withdrawal allowance, a 2% per withdrawal fee applies, subject to a minimum fee of £1.

Binding document · Revolut Ltd · Check the source

Premium Account: First £400per month fee free, 2% fee after that, at a £1 minimum fee per withdrawal

The fee schedule states that Premium Account holders get the first £400 per month fee free for cash withdrawal in pounds in the UK, with a 2% fee after that and a £1 minimum fee per withdrawal.

Binding document · Revolut Ltd · Cash withdrawal in pounds in the UK · Check the source

Sometimes we might charge you a fee for making withdrawals. You can read about these fees in our Fees Page.

The terms state that a fee may sometimes be charged for making withdrawals using the Revolut Card, with details available on the Fees Page.

Binding document · Revolut Ltd · Using your Revolut Card · Check the source

For any transfer you request, we charge our standard fee, subject to a minimum transfer of £1.

The terms state that for any transfer requested after Account closure, Revolut charges its standard fee, subject to a minimum transfer of £1.

Binding document · Revolut Ltd · How do I get access to my money after my Account has closed? · Check the source

If your remaining Account balance is less than or equal to £1 at the beginning of the two month period, or drops below it at any time during that period, a £1 fee will be charged automatically and your Account will be permanently closed after the period ends.

The terms state that if the remaining Account balance is less than or equal to £1 at the start of, or during, the two month closure notice period, a £1 fee will be charged automatically and the Account permanently closed after the period ends.

Binding document · Revolut Ltd · If we decide to close your Account with notice · Check the source

Plus Account: First £200 per month fee free, 2% fee after that, at a £1 minimum fee per withdrawal

The fee schedule states that Plus Account holders get the first £200 per month fee free for cash withdrawal in pounds in the UK, with a 2% fee after that and a £1 minimum fee per withdrawal.

Binding document · Revolut Ltd · Cash withdrawal in pounds in the UK · Check the source

Sending money within the UK (Sterling) Faster Payments £0 CHAPS £20

The fee schedule lists a £20 fee for CHAPS payments when sending money within the UK.

Binding document · Starling Bank Limited · Check the source

Cash withdrawal in pounds in the UK £0

The fee schedule lists a £0 fee for cash withdrawal in pounds in the UK under cards and cash.

Binding document · Starling Bank Limited · Check the source

Sending money outside the UK £0.30 to £5.50

The fee schedule states that sending money outside the UK costs £0.30 to £5.50.

Binding document · Starling Bank Limited · Check the source

We charge a fee for making a CHAPS payment.

The agreement states that a fee is charged for making a CHAPS payment.

Binding document · Starling Bank Limited · Check the source

If you need your statement certified in a different way, or you want to certify any other documents, we might charge you a £20 fee.

The document states that certifying a statement in a different way, or certifying other documents, may incur a £20 fee.

Binding document · Starling Bank Limited · Check the source

Replacement debit card (UK address) £5 per card

The fee schedule lists a £5 per card fee for replacement debit cards sent to a UK address.

Binding document · Starling Bank Limited · Check the source

High-value payments using CHAPS Yes, £20 per payment

The fee schedule states that CHAPS high-value payments incur a charge of £20 per payment.

Binding document · Starling Bank Limited · Check the source

Replacement debit card (overseas) £10 per card

The fee schedule lists a £10 per card fee for replacement debit cards sent overseas.

Binding document · Starling Bank Limited · Check the source

Certifying your account documents £20

The fee schedule states that certifying account documents costs £20.

Binding document · Starling Bank Limited · Check the source

If you decide to close your account, we won’t charge you any fees, but you’ll need to repay any money you owe us.

The agreement states that no fees are charged if a customer decides to close their account, though owed money must still be repaid.

Binding document · Starling Bank Limited · Check the source

In British pounds in the UK We won’t charge, but you might be charged a fee by some cash machine providers.

The document states that Starling won't charge for cash withdrawals in British pounds in the UK, but cash machine providers might charge their own fee.

Binding document · Starling Bank Limited · Check the source

If you need to replace your debit card, we can charge you a £5 fee.

The document states that a £5 fee applies to replace a debit card.

Binding document · Starling Bank Limited · Check the source

We will not charge you any fees for transfers to or from your Invest Account, Stocks ISA Account and/or SIPP Account (as applicable).

The client agreement states that no fees will be charged for transfers to or from the Invest Account, Stocks ISA Account or SIPP Account.

Binding document · Trading 212 UK Limited · Check the source

Where you opt to terminate this Agreement, no penalty will be imposed, and no charge will be made for associated costs.

The client agreement states that if the client opts to terminate the Agreement, no penalty is imposed and no charge is made for associated costs.

Binding document · Trading 212 UK Limited · Check the source

Receiving GBP Swift payments Fixed fee per payment 2.16 GBP

The fee schedule states that receiving GBP Swift payments carries a fixed fee of 2.16 GBP per payment.

Published by the firm · Wise Payments Limited · Check the source

Receiving USD wire and Swift payments Fixed fee per payment 6.11 USD

The fee schedule states that receiving USD wire and Swift payments carries a fixed fee of 6.11 USD per payment.

Published by the firm · Wise Payments Limited · Check the source

ATM fees over 250 GBP per month per account 2.69% of amount over 250 GBP

The fee schedule states that ATM fees over 250 GBP per month per account are 2.69% of the amount over 250 GBP.

Published by the firm · Wise Payments Limited · Check the source

Withdrawing 250 GBP per month per account Free

The fee schedule states that withdrawing 250 GBP per month per account is free.

Published by the firm · Wise Payments Limited · Check the source

Topping up external e-wallets Applies to transactions that include topping up e-wallets and other accounts in certain currencies, see FAQ . 2%

The fee schedule states that topping up external e-wallets costs 2%.

Published by the firm · Wise Payments Limited · Check the source

We may charge you a fee for each withdrawal request, we will let you know the exact amount when you submit your request.

The agreement states that a fee may be charged for each withdrawal request from the Wise Account.

Binding document · Wise Payments Limited · Check the source

Wise may apply a fee in accordance with our Pricing Page, for facilitating the chargeback process

The agreement states that Wise may apply a fee, in accordance with the Pricing Page, for facilitating the chargeback process.

Binding document · Wise Payments Limited · Check the source

Receiving EUR Swift payments Fixed fee per payment 2.39 EUR

The fee schedule states that receiving EUR Swift payments carries a fixed fee of 2.39 EUR per payment.

Published by the firm · Wise Payments Limited · Check the source

You may cancel your Card at any time with no charge by logging into your Wise Account or through the App.

The agreement states that you may cancel your Card at any time with no charge.

Binding document · Wise Payments Limited · Check the source

We will charge a fee for the replacement Card.

The agreement states that Wise will charge a fee for a replacement Card.

Binding document · Wise Payments Limited · Check the source

No qualifying source was located within the evidence window. This records what we could not confirm, and carries no inference about the firm.

No qualifying source was located within the evidence window. This records what we could not confirm, and carries no inference about the firm.

Every firm here was asked the same question against the same published standard, and every answer quotes the passage it came from. Where the answers differ, the difference is in the firms’ own documents, not in how we read them.

Darker text marks stronger evidence. A statutory register prints at full strength; a firm’s own marketing prints lighter. The methodology sets out the weightings.