Common use of Program Compensation Clause in Contracts

Program Compensation. No direct fees will be assessed to you or deducted from your specified rate of return. Instead fees are collected from The Program Banks. The fee of the intermediary bank (currently Deutsche Bank Trust Company America “DBTCA”) will be collected from The Program Banks in the form of fees collected in addition to interest paid on The Program. The Firm will receive a fee from DBTCA that varies depending on the balance in your account, the service plan you may be on and other factors. Although the actual fees are subject to change and vary depending on the tier and other factors (please see our website at xxx.xxxxxxxxxxx.xxx, for the applicable rate structure), this fee currently is expected to range from .5% to 6.0%. This fee is subject to change and we may waive all or part of this fee. Other than applicable fees imposed by us on a brokerage account, there will be no charge, fee or commission imposed on your account with respect to The Program.

Appears in 3 contracts

Samples: Customer Agreement, speedtrader.com, southeastinvestmentsnc.com

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Program Compensation. No direct fees will be assessed to you or deducted from your specified specified rate of return. Instead fees are collected from The Program Banks. The fee of the intermediary bank (currently Deutsche Bank Trust Company America “DBTCA”) will be collected from The Program Banks in the form of fees collected in addition to interest paid on The Program. The Firm will receive a fee from DBTCA that varies depending on the balance in your account, the service plan you may be on and other factors. Although the actual fees are subject to change and vary depending on the tier and other factors (please see our website at xxx.xxxxxxxxxxx.xxx, for the applicable rate structure), this fee currently is expected to range from .5% to 6.0%. This fee is subject to change and we may waive all or part of this fee. Other than applicable fees imposed by us on a brokerage account, there will be no charge, fee or commission imposed on your account with respect to The Program.

Appears in 1 contract

Samples: Customer Agreement

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