Crypto.com added fee to top up cards
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Crypto.com added fee to top up cards
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Re: Crypto.com added fee to top up cards
#2Debit / Credit card top-up fee: 1%
They also lowered cashback %, now Ruby is 1%.
I just noticed the also have a Close account fee of 50€
Re: Crypto.com added fee to top up cards
#3Debit / Credit card top-up fee: 1% They also lowered cashback %, now Ruby is 1%. I just noticed the also have a Close account fee of 50€
Charging to close an account? Is that even legal?
Re: Crypto.com added fee to top up cards
#4Debit / Credit card top-up fee: 1% They also lowered cashback %, now Ruby is 1%. I just noticed the also have a Close account fee of 50€
And a "€5 per month after 12 months of inactivity" fee too I see!
Re: Crypto.com added fee to top up cards
#5So there's a fee for inactivity, a fee for any activity and a fee to stop the service? Yeah not at all a scam for sure.
Re: Crypto.com added fee to top up cards
#6Debit / Credit card top-up fee: 1% They also lowered cashback %, now Ruby is 1%. I just noticed the also have a Close account fee of 50€
Charging to close an account? Is that even legal?
It is in the US for brokerages. Many are at $150 to close the account, and they’ll debit your balance if you transfer assets out, thereby creating a negative cash balance at your new brokerage if you didn’t have enough cash to cover it.
Re: Crypto.com added fee to top up cards
#7Earlier quoted context omitted.
Charging to close an account? Is that even legal?
It is in the US for brokerages. Many are at $150 to close the account, and they’ll debit your balance if you transfer assets out, thereby creating a negative cash balance at your new brokerage if you didn’t have enough cash to cover it.
thereby creating a negative cash balance at your new brokerage if you didn’t have enough cash to cover it
Do brokerages really agree to "buy a loan" like that?
Re: Crypto.com added fee to top up cards
#8Earlier quoted context omitted.
It is in the US for brokerages. Many are at $150 to close the account, and they’ll debit your balance if you transfer assets out, thereby creating a negative cash balance at your new brokerage if you didn’t have enough cash to cover it.
thereby creating a negative cash balance at your new brokerage if you didn’t have enough cash to cover it Do brokerages really agree to "buy a loan" like that?
Basically, yes. I’d have to check the ACAT standard , as I don’t know if it’s baked into the spec or a different agreement.
Keep in mind that there are typically thousands of dollars of assets coming over as well, so you only need to sell a tiny bit to cover the negative cash balance.
Also, I’ve never seen an account move over that had a total value of less than the closing fee, so I don’t know what happens in that case.