So last week, Vanguard hit all 4 of my brokerage accounts (taxable and retirement that can't be combined) with the $25 fee, with no warning other then the general announcement of last year. They told me that they would NOT waive the fee if I signed up for electronic statement delivery now -- too late.
Since I've in effect "paid" for the US mail statements for one year, I'm thinking of switching to all paper and then turning that off next year a few weeks before the one-year anniversary of the fee charge.
But they don't tell you exactly how the timing works. Are you paying retroactively or prospectively for paper statements? In other words, if I get paper statements, but sign up for e-delivery a month or so before the time $25 fees were to hit again, would that be sufficient to avoid the fee? Or would they dun me anyway because I've been getting mailed statements most of the previous year.
I called them twice and basically got two "gee that's a good question, I don't know" responses.
Since I've in effect "paid" for the US mail statements for one year, I'm thinking of switching to all paper and then turning that off next year a few weeks before the one-year anniversary of the fee charge.
But they don't tell you exactly how the timing works. Are you paying retroactively or prospectively for paper statements? In other words, if I get paper statements, but sign up for e-delivery a month or so before the time $25 fees were to hit again, would that be sufficient to avoid the fee? Or would they dun me anyway because I've been getting mailed statements most of the previous year.
I called them twice and basically got two "gee that's a good question, I don't know" responses.
Statistics: Posted by glb190 — Thu Aug 15, 2024 4:40 pm — Replies 0 — Views 32