Stock Certificate Fee – A Whopper!

By Rick Roman - 27 Jul 2012 1058 0 comment

A recent article in the San Francisco Business Times indicates that starting in September 2012, Charles Schwab will charge customers at least $500 to take delivery of a paper stock certificate, up from just $50.

A Schwab spokesman said requesting stock certificates is not a “common practice” among the firm’s clients. The San Francisco brokerage also anticipates other firms will boost fees to get stock certificates since “this is simply a pass-through cost.”

We’ve been tellin ya! Paper certificates are on their way out so get ’em while you still can. See our stock list.

Tags:schwab stock certificate delivery fee collectible stock

Rick Roman

Rick has a B.S. in Finance from Arizona State University, 50 years of stock market experience, a long career in high-tech corporate finance, co-founder of GiveAshare.com, and author of the award-winning book, I'm A Shareholder available on Amazon and GiveAshare.com. Rick has been quoted as a stock gift and kids financial literacy expert in many publications including CNN Money, USA Today, CBS MarketWatch and has participated in financial literacy organizations like the Council for Economic Education and the JumpStart Coalition.