Wells Fargo expands free trading offer:
Smaller startup firms like Zecco.com, SogoInvest and TradeKing offer free or low-priced trading. (Zecco Trading provides 480 free stock trades per year with a minimum balance of as little as $0 .)
(Those trades can be of stocks, mutual funds or exchange-traded funds.)Wells Fargo & Co. on Tuesday unveiled an free stock trades offer for customers with a combined $25,000 in deposits or loans.
San Francisco-based Wells Fargo (NYSE: WFC) is offering up to 100 free online trades annually of stocks, no-load mutual funds and exchange traded funds, or ETFs.
Customers with home mortgages can only count 10 percent of that debt toward the $25,000 minimum needed for the new program.
Bank of America Corp. (NYSE: BAC) in October began rolling out an offer of up to 360 free online stock trades annually for customers with at least $25,000 in deposits.
Wells' offer expands on that by including loan balances and mutual fund trades in its package. It is available nationwide immediately.
Smaller startup firms like Zecco.com, SogoInvest and TradeKing offer free or low-priced trading. (Zecco Trading provides 480 free stock trades per year with a minimum balance of as little as $0 .)