Your Passfolio Bank Wallet is free to open and maintain, but deposits, transfers and withdrawals may be subjected to fees and limits. You can see the fees associated with BRL deposits and withdrawals here. And below you can find the complete detailed table of transaction methods and associated fees and limits:
|Transaction||Fee||Daily Limit||Monthly Limit||Yearly Limit|
|ACH - Domestic - Send||Free||$10,000||$30,000||$300,000|
|ACH - Domestic - Receive||Free||$25,000||$250,000||$1,000,000|
|Same Day ACH - Send||US$1||$15,000||$30,000||$300,000|
|Wire - Domestic - Receive||Free||$100,000||$250,000||$1,000,000|
|Wire - Domestic - Send||US$10||$10,000||$50,000||$500,000|
|Wire - International - Receive||Free||$100,000||$250,000||$1,000,000|
|Wire - International - Send||US$55||$10,000||$50,000||$500,000|
|RPPS Transaction||US$0.15 + Network Fee|
|ACH - Unauthorized Returns||US$10|
|ACH - Other ACH returns & Notice of Change (Administrative, NSF, etc.)||US$0.06|
|ACH - Proof of Authorization Request (from RDFI or to ODFI)||US$10|
|ACH - Reclamations||US$15|
|International – Wire Recall||US$50|
|Wires - Return||US$50|
|Wires - International MT103 Request||US$3|
|Wires - Proof of Authorization Request (from RDFI or to ODFI)||US$10|
|RPPS - Prenotes, Core Returns, Noc's||US$0.30|
|RPPS - Reversal||US$3|
|RPPS - Research Fee||US$50|
|Transaction||Fee||Daily Limit||Monthly Limit||Yearly Limit|
|ACH - Domestic - Send||Fee:Free||Daily Limit:$10,000||Monthly Limit:$30,000||Yearly Limit:$300,000|
|ACH - Domestic - Receive||Fee:Free||Daily Limit:$25,000||Monthly Limit:$250,000||Yearly Limit:$1,000,000|
|Same Day ACH - Send||Fee:US$2||Daily Limit:$10,000||Monthly Limit:$30,000||Yearly Limit:$300,000|
|Wire - Domestic - Receive||Fee:Free||Daily Limit:$100,000||Monthly Limit:$250,000||Yearly Limit:$1,000,000|
|Wire - Domestic - Send||Fee:US$10||Daily Limit:$10,000||Monthly Limit:$50,000||Yearly Limit:$500,000|
|Wire - International - Receive||Fee:Free||Daily Limit:$100,000||Monthly Limit:$250,000||Yearly Limit:$1,000,000|
|Wire - International - Send||Fee:US$55||Daily Limit:$10,000||Monthly Limit:$50,000||Yearly Limit:$500,000|
|RPPS Transaction||Fee:US$0.15 + Network Fee|
|ACH - Unauthorized Returns||Fee:US$10|
|ACH - Other ACH returns & Notice of Change (Administrative, NSF, etc.)||Fee:US$0.06|
|ACH - Proof of Authorization Request (from RDFI or to ODFI)||Fee:US$10|
|ACH - Reclamations||Fee:US$15|
|International – Wire Recall||Fee:US$50|
|Wires - Return||Fee:US$50|
|Wires - International MT103 Request||Fee:US$3|
|Wires - Proof of Authorization Request (from RDFI or to ODFI)||Fee:US$10|
|RPPS - Prenotes, Core Returns, Noc's||Fee:US$0.30|
|RPPS - Reversal||Fee:US$3|
|RPPS - Research Fee||Fee:US$50|
The transactions limit on the PassCard are:
Securities less than $5 cost $0.02/share. Please see our disclosures on other charges.
Please see the terms of our referral program.
Please see our fractional shares disclosure.
Please read important legal disclosures that apply to your relationship with Passfolio.
Investing involves risk, including possible loss of principal.
Securities and cryptocurrencies are very different types of assets.
Cryptocurrencies are not securities.
Purchasing cryptocurrencies comes with a number of risks. Please read Passfolio Financial Cryptocurrency Risk Disclosure.
Currency and cryptocurrency exchange services provided by Passfolio Financial LLC (“Passfolio Crypto”), a US Money Services Business registered with FinCEN. Passfolio Financial LLC is not a broker dealer. Cryptocurrencies are not protected by either FDIC or SIPC. Securities products and services offered to self-directed investors through Passfolio Securities LLC Member FINRA / SIPC. Securities products and services offered to self-directed investors through Passfolio Securities LLC Member FINRA / SIPC. Passfolio Securities, LLC does not provide cryptocurrency-related services. Passfolio Securities LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.
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To purchase securities using cryptocurrencies, you must first convert it into U.S. Dollars using Passfolio Financial LLC. You must then move the U.S. Dollar proceeds to your brokerage account at Passfolio Securities LLC where you can use it to buy securities.
Online trading has inherent risk due to system response, execution price, speed, liquidity, market data and access times that may vary due to market conditions, system performance, market volatility, size and type of order and other factors. An investor should understand these and additional risks before trading.
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Please remember that diversification is not an investment strategy without risk, and in certain circumstances, it may not fit your investment objectives. Past performance is no guarantee of future results.
Certain services (“Services”) offered through our mobile app are offered only in jurisdictions where it is legal to do so. The availability of the Services over the Internet is not a solicitation for or offering of the Services to any person in any jurisdiction where such solicitation or offering is illegal. We reserve the right to limit the availability of the Services to any person, geographic area, or jurisdiction, at any time and in our sole discretion. We make no representation that the Services are appropriate or available for use in locations outside of United States, or that accessing our mobile app is legally permitted in countries or territories where the Services may be illegal. If you access the Services from other locations, you do so at your own risk and are responsible for compliance with local laws. In particular, we are not authorized by the Brazilian Securities and Exchange Commission (CVM) to offer securities distribution services to investors who reside, are domiciled or incorporated in the Federative Republic of Brazil. The Services are not specifically directed to investors who reside, are domiciled or incorporated in the Federative Republic of Brazil and should not be understood as an offer of services directed to such investors.
According to CVM's Legal Opinion No. 33, dated September 30, 2005, Passfolio contracted RB Capital Investimentos Distribuidora de Títulos e Valores Mobiliários Ltda. ("RB Investimentos"), a Brazilian securities distributor duly authorized by the Central Bank of Brazil and the CVM, through which RB Investimentos makes Passfolio's services available to investors resident, domiciled or incorporated in the Federative Republic of Brazil. The services provided by RB Investimentos should not be understood as an offering of securities directed to such investors. Although RB Investimentos has been hired to provide Passfolio's services, Passfolio offers its services exclusively in the United States and under the rules and regulations applicable in that country. As these services are investments made directly in the United States through Passfolio, they are not registered with or subject to the supervision of the CVM or any other Brazilian regulatory agency, so the investor must have knowledge of the language and local regulation. Investors resident, domiciled or incorporated in the Federative Republic of Brazil who have become or will become clients of Passfolio through RB Investimentos may contact the following e-mail addresses: firstname.lastname@example.org / email@example.com
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