Changes to the pricing of personal accounts from 1 March 2022
In order to inform our clients in advance of the changes of the platform, we would like to inform that from 1st of March 2022, fees for the administration of personal accounts will be changing. According to the new pricing, from 1st of April 2022, monthly administration fees will be charged to the main unactive accounts as well as to additional accounts.
The main account will be considered as active and the administration fee will not be applied if you are:
- an investor who registered no earlier than 90 days ago;
- An investor who had an active investment in the last 90 days;
- an investor who has or had a loan;
- a borrower;
- Neopay client.
We consider an active investment to be an investment that is still not fully paid out to the investor, regardless of the date the funds were invested.
Example: If a investor did not invest, but has/had an active investment in the last 90 days, the tax will not be applied. If the investor did not have an active investment in the last 90 days but currently has a loan, the tax will not apply. If the legal investor has neither an active loan nor an active investment, but is a Neopay customer, the fee will also not apply.
The following fees for the main accounts:
• For natural persons: €0.99/month
• For legal entities: €2.99/month
Additional accounts will be free of charge for VIP investors, FinoMark and Neopay clients according to the following procedure:
• VIP Silver members – 1 free additional account;
• VIP Gold members – 2 free additional accounts;
• VIP Platinum members – 3 free additional accounts;
• Finomark clients – 1 free additional account.
• Neopay clients – unlimited number of free additional accounts.
For all other investors, who do not meet the above criteria, the administration fee for the additional account remains €0.79/month.
The status of the account will be reviewed and the fee applied at the beginning of each month.
Before the new pricing takes effect, we recommend you review the accounts you have which are (in)active and act in your own best interest.
However, if the client is no longer planning to use the services of NEO Finance, AB and would like to avoid the inactive main account fee, we will provide them with the opportunity to initiate a free closure of the account.