What does it mean to 'transfer' an ADR?
The 'Transfer' fees are quite high ($2 - $3 per share). I'm wondering if this is what I have to pay to the depository whenever I sell an ADR?
- cactusgeneLv 79 years agoFavorite Answer
There may in fact be an extra transfer fee on ADR shares, but you are mistaken on the amount of that fee, which ranges from nothing to about 5 cents per share. See the last line of the fee schedule from Scottrade, for which I have given a link below. I have bought ADRs before and I thought all the fees were very reasonable.