Our approach to fees is simple. We believe in:
- Radical transparency: We’ll always be upfront with any associated charges
- Honest pricing: Our fees are a combination of covering the costs associated with the service plus a small amount on top that we can reinvest to improve the business
|Account fees||Opening a multi-currency account||Free|
|EUR and GBP account details||Free|
|W8-BEN (US tax form) filing||Free|
|Transfer fees||Bank transfer in||Free|
|Bank transfer out||Free|
|Debit card, Apple Pay, Google Pay||First €500 lifetime free, 0.5% after|
|Foreign Exchange (FX)||FX trading (FX conversion is based on the spot exchange rates available to us)||0.35% of the currency exchanged|
Financial Transaction Tax
A financial transaction tax (FTT) is when a percentage of the asset's value is paid in taxes when traded. FTTs usually apply only to select financial instruments and often have varying tax rates depending on the asset type.
Stamp duty is the tax governments place on legal documents, usually in the transfer of assets or property.
These taxes apply to anyone who is trading the applicable asset, irrespective of if you are a tax resident of that jurisdiction or not.
|Tax jurisdiction||Type of tax||Applicable to||Amount|
|France||FTT||The French Financial Transaction Tax|
(FFTT) will be applied to shares of companies whose head office is located in France and whose market capitalisation exceeds EUR 1 billion.
|0.3% on buy orders|
|Italy||FTT||Italian Financial Transaction Tax (IFTT) will be applied to the transfer of the legal ownership of the shares of any category issued by Italian joint stock corporations (società per azioni and società in accomandita per azioni).||Pursuant to local applicable legislation|
Service fees in Portugal are subject to Stamp Duty*. The Stamp duty percentage is calculated from the fees paid to Lightyear by a customer. Currently, it is calculated from the conversion fee of a transaction and is paid to the Portuguese Tax Authorities (“PTA”) by Lightyear.
*paid by Lightyear
|United Kingdom||Stamp duty||Stamp Duty Reserve Tax (SDRT) will be applied when you buy existing shares in a company incorporated in the UK, shares in a foreign company that has a share register in the UK and rights arising from such shares.||0.5% on buy orders|