Custodian Fees

Discussion in 'Ask any question!' started by BrendonA, Mar 17, 2020.

  1. BrendonA

    BrendonA New Member

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    Hi,

    Very new to stock market trading/investing. Recently opened an international account with my local bank (Australia).

    I've read that there is a custodian fee "Custody fees are charged to accounts defined as inactive; that is, accounts holding a security position for a calendar year (1 January to 31 December) without generating a trade, or margin".

    So let's say I've bought AAPL @ 10 shares. Before the 1 year mark, can i buy additional AAPL shares or any other companies' shares to be considered an active account? Or does it specifically be (Buy/sell) AAPL?

    Feel silly with this question but I guess it's part of learning.

    Thanks everyone!
     

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