Are there any limitations or fees when buying stocks with a debit card?

1 answers

• Dec 18, 2021 · 3 years ago
  When buying stocks with a debit card, it's important to consider any limitations or fees that may be involved. Some brokerage firms may have restrictions on the types of stocks that can be purchased with a debit card. For example, certain penny stocks or over-the-counter stocks may not be eligible for debit card transactions. Additionally, there may be fees associated with using a debit card, such as transaction fees or convenience fees. These fees can vary depending on the brokerage firm, so it's important to review the terms and conditions before making a purchase. It's also worth noting that using a debit card may have certain transaction limits, so if you're planning on making large stock purchases, you may need to consider alternative payment methods.
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