Costs for ABN are out of date

[miguelci]

For already some time, the costs are different:

https://www.abnamro.nl/en/personal/investments/types-of-investing/self-directed-investing-basic/index.html

see: More information and conditions -> costs

[ArdaXi]

ABN Amro lists their service costs as annual, but charges them each quarter. So the calculation also takes them into account quarterly. The information is correct.

[miguelci]

but aren't these the numbers being used in the application? they seem wrong from what i posted above no?

{
        "name": "ABN Amro",
        "logo": "abn.png",
        "product": "Zelf Beleggen Basis",
        "serviceFee": {
            "tiers": [
                {"upperLimit": 100000, "percentage": 0.05},
                {"upperLimit": 400000, "percentage": 0.03},
                {"upperLimit": null, "percentage": 0.015}
            ]
        },

[ArdaXi]

You missed the very next line.

"serviceFeeCalculation": "endOfQuarter",

EDIT: Slightly less glib, looking at the code it assumes everywhere that costs are quarterly, unless monthly is specified. This is after all how most brokers operate. So really, the cost overview from the bank is misleading. The same way they tend to be with interest rates.

If you were to take it into account the way they advertise, you would ignore the compounding effect of the multiple charges in a year.

[miguelci]

oh okok, got it. was focusing on the actual percentage number and didn't reach that part. thanks!

[nicwortel]

No worries @miguelci, it's actually a common mistake and I have to figure out a way to make this more clear on the website to prevent the confusion. Either way, thank you for contributing to the accuracy of the website!

And @ArdaXi thank you for helping to sort it out, I have been busy with other things lately and must have missed this issue :sweat_smile: