As we continue to grow, so does the amount of funds we hold for investors in our bank accounts. As you might know, the banks are charging fees for the amounts held with them - Mintos is not a bank and we can’t service this money on our own. This means that for hosting your money, we’re incurring costs.
To cover some of the costs of holding uninvested funds on behalf of investors, we introduced a monthly fee exclusively for inactive investors. The fee is €2.90 per month, and not all investors need to pay this.
The fee is charged only to investors who haven’t invested or sold investments for 6 consecutive months or more.
It is calculated and charged on the 1st day of each month. The fee will be waived if at least one of the following conditions are met:
- Your uninvested euro funds (Available Funds) are less than 100 EUR,
- Your uninvested funds (Available Funds) represent 30% or less of your total account balance. Total account balance is the sum of your available funds, invested funds, pending payments, and amounts in recovery, converted to euros,
- Your account is completely empty, or all your funds are invested and/or in recovery, no inactivity fee will be charged to your account either.