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Just read the fine print on a popular broker's 'no inactivity fee' policy. It's not what you think.
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troy_gibson4318d ago
Oh man, that's the oldest trick in the book. They'll say no inactivity fee, but then they hit you with an "account maintenance" charge or a minimum balance fee that does the exact same thing. You gotta read every single line, because they bury the real cost in the definitions. It's all about the wording so they can claim they're technically telling the truth.
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joelharris18d ago
Isn't it crazy how they get away with that? You're totally right, @troy_gibson43. They use different names for the same fee because the rules might ban one specific term. So they just call it something else that isn't on the banned list. It makes you wonder who even writes these rules, because they clearly don't work. The whole system feels set up to trick people who just skim the big print. We need way clearer laws that stop fees dressed up with a different name.
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anthony_wells12d ago
It's like they're playing a legal word game with our money.
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