Updated September 28, 2026
What is Account fee?
In short
An account fee is the yearly cost of holding, custody or running a platform, and it weighs most on smaller balances.
An account fee covers the cost of holding, custody or running a platform, and it is usually charged per year. It bites hardest on smaller balances, so weigh it against what you plan to keep in the account. Absa charges ZAR 115 and AJ Bell charges £3.50, while Acorns Checking runs a band of $48 to $144. AGORA direct™ and Ally Bank charge nothing for the account itself (€0).
Sources
- absa.co.za, checked September 26, 2026
- acorns.com, checked September 26, 2026
- agora-direct.com, checked September 26, 2026
- ajbell.co.uk, checked September 26, 2026
- fxleaders.com, checked September 26, 2026