Investment Club Account information

Please note: as our business is merging with ii (interactive investor) we no longer accept new Account applications. If you would like to open a new account please visit ii's website.

Below you can find information about our previous charges or if you still hold an account with us whilst we finalise the transfer to ii.

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Standard dealing option
I usually deal less than £750 or occasionally
Frequent dealing option
I deal more than £750 frequently or have a lump sum to invest
Fixed account admin fee £2 per month £2 per month
Dealing option fee - £24 per quarter
Dealing commission £7.50 per deal for trades less than £750, 1% for £750 and above £7.50 per deal
Dealing commission for phone/post/email £20 per deal for trades less than £2,000, 1% for £2,000 and above £20 per deal

Other dealing fees

Stamp Duty Levy 0.5% on the purchase of UK shares (excluding AIM and other recognised growth markets). Other rates may apply to non-UK shares.
PTM Levy £1 on transactions over £10,000
Foreign Financial Transaction Tax Tax Payable on the purchase of specific European shares (charge varies by country)

Cash withdrawals

3-5 day transfers Free
Same day transfer £25
Overseas £50 (restrictions apply)
Cheque £25

Optional services

Regular investing 0.5% (min. £1)
Dividend reinvestment 0.5%
Statements & contract notes by post rather than email £2.40 per month

Transfers

Transfer to another provider Free
Re-registration to certificate £25 per certificate

Other

Bounced cheque or unpaid Direct Debit £25
Deceased customer account administration £100
Overdue fee charge - Sell stock (per investment) £7.50 (To recover overdue fees on your account we may need to divest the equivalent value of your investments, plus this additional charge to cover the cost of the trade)

Costs and charges illustration

To give you a feel for the costs involved, our cost sheet includes an illustration of costs you will pay, based on how much you invest and what type of investments you choose.

Download Black View costs & charges sheet

Payment of account & dealing charges

Your account admin fee (and postal statements & contract notes fee if chosen) will be collected from your account on the 26th of each month, or the next business day. If you’ve chosen our frequent dealing option, the first payment will be collected from your account when opened and quarterly thereafter. Dealing commission, regular investing fees and other fees will be taken from your account as part of each transaction.

What interest will be paid on cash?

Gross interest on any cash you hold will be credited to your account quarterly at the Bank of Scotland base rate, minus 3.5% (min. 0%). We may retain the difference between the interest paid to you and the interest we are able to earn, as permitted by The Financial Conduct Authority.   

Still need help?Green email envelope

Please get in touch with our Customer Service team.

Contact us


Phone:
 01296 41 41 41 (8:00am-4:30pm weekdays)

Write: The Share Centre, PO Box 2000, Aylesbury, Bucks. HP21 8ZB