Is there a fee for closing an account!!!!?

Question

For example: I invest $500 into sharebuilder or scottrade, and after about 4 or 5 months I decide to take my money back or cancel an account, how much they will charge me?

Also, is it ok to take ½ of my money back?

Answer 1

There is no "close an account" fee. Whenever you withdraw money from your account (10%, 1/2, or all of it) you pay your broker a transaction fee to electronically transfer your funds to your bank account, or to another broker. There is no transaction fee if your broker will send you a check for the funds you request.

Answer 2

there is a fee...not sure about how much though