Wells Fargo & Company (WFC) DRIP
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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$250 |
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Purchases |
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Minimum
purchase |
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$25.00 |
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Maximum purchase |
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$120,000.00 |
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Fees |
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Account
Setup Fee |
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$10.00 |
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Automatic
Invesment Fee |
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$1.00 |
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Optional
Cash Purchase |
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$3.00 |
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Reinvestment
Fee |
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None |
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$15.00 |
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Company
Web Site |
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Additional
Plan Information |
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Wells Fargo Bank DRIP Details:
The Wells Frago Direct Stock Investment Plan offers a poor holding vehicle for your Wells Fargo investment with account setup fees and optional stock investment fees, but no dividend reinvestment fees. For most long term investors a low cost brokerage such as Sharebuilder will be the lowest cost holding vehicle for your WFC investment.
Pros:
No dividend reinvestment fees
Lower than average optional investment fees
Low minimum initial investment ($250)
Cons:
Account setup fee
Above average stock sale fee