What are the fees for Unchained IRA accounts?
Better understand our pricing structure and where fees are paid from
Unchained IRAs have yearly fees, trading fees, and fees charged by Fortis Bank. These fees cover the maintenance and servicing required for these accounts.
Note: If you have multiple accounts, like personal, IRA, or business accounts, you’ll need to make changes within each account separately. Visit our pricing page to see a full breakdown of Unchained’s annual fees.
The components to Unchained IRA fees:
- Annual vault fees
- Bitcoin trading fees
- Optional: Concierge Onboarding fees and hardware wallets
- Fees charged by Fortis Bank
Fees charged by Unchained
|
Fee |
When paid |
Paid from |
|
|
Annual vault fee |
$250 |
Annually, starting year two with Concierge Onboarding, or annual at setup without Concierge Onboarding |
Personal funds |
|
Bitcoin trading fee |
Retirement funds |
||
|
Concierge Onboarding (optional) |
$895 |
At setup |
Personal funds |
|
Per hardware wallet (optional) |
$75 |
At setup |
Personal funds |
Common Fees charged by Fortis Bank
Please refer to the Fee Schedule on page 55 of the Unchained IRA agreement for a full list of Fortis Bank fees. Contact our team at ira@unchained.com for any questions.
|
Fee |
When paid |
Paid from |
|
|
Outbound Wire Fee |
$35 |
When Fortis sends client funds via wire transfer |
Retirement funds |
|
USD Roth Conversion |
$100 |
When a client converts a USD Traditional funding into a Roth IRA. |
Retirement funds or personal funds (if paid separately before funds are received) |
|
USD Distribution or Transfer-Out |
$25 |
When a client executes an IRA distribution. |
Retirement funds |
|
Federal Tax Withholding (optional) |
$25 |
When a client executes an IRA distribution in USD |
Retirement funds |
|
Account Termination |
$150 |
Paid when closing the account and transferring your balance out |
USD outbound transfers: Retirement funds. In-kind outbound transfers: No fees apply. |
Note: No contents of this post may be relied upon as tax, legal, or financial advice, as they have not been tailored to you and have not been reviewed by any attorney, financial advisor, or tax professional. For any questions related to your own specific situation, please consult with your own attorney, tax professional, and/or licensed financial advisor.