Withdrawal options are dependent on whether Faster Payments can be sent to your nominated bank account. If you are not sure whether your bank account is enabled for Faster Payments, please contact your bank.
|Withdrawals to a Faster Payments enabled account|
|Standard Bank Transfer||FREE|
|Urgent Bank Transfer (£100,000 and under)||£15|
|Urgent Bank Transfer (over £100,000)||£25|
|Withdrawals to a Non-Faster Payments enabled account|
|Urgent bank transfer||£25|
|Cross Border withdrawal||£25|
|Standard Bank Transfer|
(if funds transferred from Trading Account)
|Urgent Bank Transfer||€36|
|Urgent Bank Transfer||US$48||CA$50||AU$52||SG$60||HK$300||CHF45||Kr250|
Charges are paid at the point of withdrawal. You must ensure that sufficient funds are available to cover the transfer amount and the applicable charge.<
|Sterling & foreign currency balances (USD, CAD, EUR, HKD, AUD, SGD, SEK and CHF)|
|Multi Currency Savings Account||0.10%*||0.08%||0.10%|
|TD Trading, TD ISA and TD Junior ISA||Nil||Nil||Nil|
*Relevant base rate less 1% subject to a minimum of 0.10%
**Net rate is the amount of interest which would be payable after the deduction of income tax at the rate specified by law. As the rate of tax may vary the net rate shown is for illustrative purposes only.
***AER stands for Annual Equivalent Rate (contractual rate when paid and compounded each year). The AER as stated was calculated at 04/12/12.
Interest will be calculated on your credit balance on a daily basis and credited to your Plan on or around the 25th day of May and November in any one year. We receive interest from the bank with which your credit balance is deposited. A portion of the interest received on your credit balance is credited to you and a portion is retained by TD Direct Investing. The amount retained is 0.5% based on a weighted average interest earned on client money but may vary by 0.2% above or below the stated rate.
Any credit interest will be calculated on your cleared credit balance on a daily basis and will be credited to your account quarterly on or around the 25th day of March, June, September and December. Such interest will be paid net or gross as set out in our Terms of Service. “Gross” means the rate that will be paid to clients before the deduction of income tax. Where you are not eligible to receive gross interest, tax will be deducted at the rate specified by law. Any debit interest will be calculated on the debit balance in your account on a daily basis and will be debited from your account on a quarterly basis. Relevant banks are: Bank of England, European Central Bank, US Federal Bank, Bank of Canada.
|UK Registered stocks purchases only†||0.5% of transaction value|
|Irish Registered stocks purchases only||1% of transaction value|
|Panel on Takeovers and Mergers (PTM) Levy - UK||Flat charge of £1 on all transactions over £10,000|
|Irish Takeover Panel (ITP) Levy||Flat charge of €1.25 on all Irish transactions over €12,500|
|All transactions||Transaction Levy of 0.0027%, Trading Fee of 0.005% & Stamp Duty of 0.1%|
|All transactions||A Clearing Fee of 0.0325%|
|Structured Warrants||A Clearing Fee of 0.05% subject to a cap of S$200|
0.2% for purchases of eligible French and Italian stocks (including any depository interests/receipts). Transactions in eligible Italian stocks on a regulated market or Multilateral Trading facility (MTF) will be at the lower rate of 0.1%. These taxes are applied to each individual purchase dealt in the eligible stocks, including those where sales are made with the same intended settlement date.
|Unpaid Direct Debits||£25|
|Copies of Cancelled Cheques||Nil|
|Unauthorised Overdrafts||£25+ Bank of England Base Rate plus 15% on the full amount|
|Returned Cheque for Insufficient Funds||£25|
|Late Payment||£25 + Bank of England Base Rate plus 15% on the full amount|
|Sell Out Execution Fee due to non-payment||£40*|
|Buy Back Execution Fee due to non-delivery of stock||£40*|
|Duplicate Documents (including Consolidated Tax Certificate, Corporate Action Notification, Contract Note, Statement, 975 Certificate)||£10 + VAT|
|Request for Replacement Share Certificate||£35 + VAT and any other charges levied by third parties|
|Registration of Legal Documents (Estates)||£35 + VAT|
|Portfolio valuations (probate/other purposes)||£10 + VAT per line of stock (minimum £50 + VAT)|
|Fractional entitlements arising from a Corporate Action||up to £5|
|Credit of tax adjustments on dividends||up to £5|
|Dealing with money/investments received into a closed account||up to £5|
*Commission Charges will apply in addition to the Sell Out and Buy Back Execution fees.
CREST personal membership account administration fee (Standard & Elite services, existing customers only) = £15+ VAT per quarter.
This charge relates to the preceding 3 months and will be calculated and charged during the second to last week of each calendar quarter. We'll waive the CREST personal membership administration fee if you hold £5,000 or more in investments and/or cash in your account, at the time the fee is charged.
All investments carry a varying degree of risk and it's important you understand the nature and risks of the different investments available through TD Direct Investing. Please bear in mind that you may not get back the money you invest and you should not view the past performance of investments as a guide to their future performance.
Before applying for an account it's important you understand how your money and investments will be held and the investor protection schemes that apply. We will hold your money in accordance with the FCA's client money rules and we may pool your investment with those of other customers.
We have a conflicts of interest policy that identifies circumstances that constitute, or may give rise to, conflicts of interest which pose material risk of damage to one or more of our customers.