BROKERAGE ACCOUNTS

Close

Learn more about our retail brokerage fees

How much you pay for your brokerage account can vary depending on what types of investments you choose and whether or not you work with a Wealth Management Advisor. Some fees may not apply for all accounts.  See the full list of fees and terms and conditions in the TIAA Brokerage Customer Account Agreement within the Agreements & Disclosure section.

Stock and ETF trades

  • ONLINE
    *Fees shown reflect stock prices greater than $1 per share. Orders to buy shares priced under $1, non-permitted cannabis related (CRB) securities, restricted shares, foreign securities, privately held securities, shares with no
    Market or no bid/ask will not be accepted.
     
    *Orders to sell shares priced under $1 are handled via Client Service Assistance at the online commission rate above, based on eligibility.
    		 Equity and Transaction Fee ETF trades - $0
    No Transaction Fee (NTF) ETFs
    • NTF eligible ETFs will have a $0.00 commission, regardless of order size or holding period
    • Any ETF shares purchased prior to January 26, 2018, and are now identified as a No Transaction Fee ETF, will still be charged a commission when the shares are sold through the Automated Telephone System (ATS) or Client Service Assistance.
    AUTOMATED TELEPHONE SYSTEM (ATS) $35
    CLIENT SERVICE ASSISTANCE
    800 927-3059    		 $55

Mutual Funds

  • NO TRANSACTION FEE (NTF) FUNDS
    Minimum initial investment for NTF mutual funds: The greater of either the listed amount in the fund’s prospectus or $500. Additional investments for NTF mutual funds: The greater of either the listed amount in the fund's prospectus or $100. Purchases of NTF mutual funds below $500 will be charged the appropriate transaction fee. Systematic (automatic recurring or dollar cost averaging) orders are excluded.
     
    Short term redemption fee: $50 minimum for shares held less than six months (waived for shares transferred from another brokerage firm or financial institution). Additional redemption fees may apply as set forth in each fund’s prospectus.
     
    Systematic (automatic recurring or dollar cost averaging) transactions, no fee; minimum transaction $100.
    TRANSACTION FEE (TF) FUNDS
    Transaction fee, regardless of order size:
    • $50 per trade
    • $35 per trade for customers that receive a financial planning solution from their Wealth Management advisor.
     
    Minimum initial investment for mutual funds: The greater of either the listed amount in the fund’s prospectus or $500. Additional mutual fund investments: The greater of either the listed amount in the fund's prospectus or $100. 
     
    Systematic (automatic recurring or dollar cost averaging) transactions, no fee; minimum transaction $100.

Bonds and CDs

  • U.S. TREASURY SECURITIES
    NEW ISSUES (Primary, AT AUCTION) $50 per transaction
    EXISTING ISSUES (secondary, already trading) $1 per $1,000 face amount ($50 minimum)
    MUNICIPAL BONDS, GOVERNMENT AGENCY BONDS, UNLISTED (OVER-THE-COUNTER, OR OTC) CORPORATE BONDS AND MORTGAGE-BACKED SECURITIES $50 + $2 per bond
    CERTIFICATES OF DEPOSIT
    NEW ISSUES Purchase minimums of $5,000, no commission (interest rate reflects issuing bank's fee)

Options

  • ONLINE $0, based on eligibility
    AUTOMATED TELEPHONE $35 + $2 per contract
    PERSON $55 + $2.50 per contract
    OPTIONS EXERCISE / ASSIGNMENT FEE $25

Maintenance Fees

  • OUTGOING WIRED FUNDS FEE
     
    *Waived for account in advisory program.
    		 $25
    Overnight check delivery fee $12
    NSF/Return ACH or Check Deposit $25
    Electronic Funds Transfers (ACH)  No charge
    TRANSFERS – OUTGOING FULL ACCOUNT* $50
    tRANSFERS OF GIFTED SECURITIES OR CHECKS MAILED REGULAR DELIVERY* No charge
    REORGANIZATIONS - VOLUNTARY $25
    IRA TERMINATION fee $130
  • *Checks in the amount of $250,000 or more for transfers or payments will be sent via overnight delivery and a delivery fee of $12 will be charged to the account.
     

Cash solutions

  • Cash Solutions Account Terms & Conditions
  • ANNUAL FEE
     
    *Silver Tier annual fee is waived for accounts that have $25K or more in average month-end closing cash sweep balances.
    Silver Tier
    $25*
    Gold Tier
    $95
    Platinum Tier
    $145
    INITIAL CHECK ORDER (INCLUDES CHECKBOOK, REGISTER, DEPOSIT TICKETS AND 40 CHECKS)
    Silver Tier
    Free
    Gold Tier
    Free
    Platinum Tier
    Free
    CHECK REORDER (INCLUDES CHECK REGISTER, DEPOSIT TICKETS AND 100 CHECKS)
    Silver Tier
    $15
    Gold Tier
    $10
    Platinum Tier
    Free
    RETURNED CHECK OR AUTOMATED CLEARING HOUSE (ACH) TRANSACTION
    Silver Tier
    $25
    Gold Tier
    $25
    Platinum Tier
    $25
    CASH ADVANCE (NON-ATM)
    Silver Tier
    N/A
    Gold Tier
    .25% of transaction
    ($2.50 minimum)
    Platinum Tier
    .25% of transaction
    ($2.50 minimum)
    BILL PAYMENT THROUGH BILLSUITE
    Silver Tier
    Free
    Gold Tier
    Free
    Platinum Tier
    Free
    ATM FEES Silver Tier Gold Tier Platinum Tier
    ATM withdrawal fee Visa® or Plus®
    (PNC Bank or Allpoint® Network)
    		 N/A None None
    ATM out-of-network fee
    (ATM not on PNC Bank or Allpoint® Network)    		 N/A None None
    Atm out-of-network surcharge fee
    (charged by ATM owner not on PNC Bank or Allpoint® Network)
    		 N/A Various Various