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Stock Certificate Fee – A Whopper!

schwab stock certificate fee

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.

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