Smart Hack That'll Get Your Tastyworks Fees Waived
If someone came up to you and told you that your Tastyworks fees could just go away wouldn't you be curious to know more? That is essentially what really can happen when one is willing to sit down and take the time necessary to get the paperwork in order to combat unwarranted fees. It is possible to do it entirely on your own, though you might want the backing of a tried and trusted fee fighter such DoNotPay.
What Is Tastyworks?
The name sounds delicious doesn't it? You might think that this company is the latest at-home grocery delivery service, or perhaps they are in the business of reviewing restaurants? It turns out neither of those guesses is accurate.
In reality, Tastyworks is a stock trading platform used by thousands of traders to find the best trades possible for their portfolios. They allow traders to put up trades for:
- Foreign Currencies
- Mutual Funds
They want to provide as wide-ranging offerings as possible to their loyal traders as they can. They know that they can get a much larger audience for their platforms if they can continue to offer the best array of trading options possible. However, they also have a slate of fees that go along with the trades as a means of earning revenue for themselves. Traders hate to have to pay for these fees, but they know that it is just a part of doing business. However, minimizing fees is the best way to retain as much of your trading revenue as possible.
What Are The Types of Fees One Pays to Use Tastyworks?
The kinds of fees that one might expect to pay on Tastyworks are similar across other stock and options trading platforms as well. These are the fees that are charged per trade in most cases:
|Stocks and ETFs||$0|
|Options||$1 per contract|
|Margin||5 - 8% depending on the amount borrowed for trading|
|Domestic wire fees||$25|
|Foreign wire fees||$45|
|Physical check||$5 to $10 per check|
You can see that these fees can stack up quite quickly if you have a lot of business that you need to move over to Tastyworks or if you plan to trade significant amounts of money with them.
Can You Combat Fees on Your Own?
You can absolutely combat Tastyworks fees on your own by submitting the proper documentation and screenshots to the company to prove your case. However, you may find that you are buried deep in paperwork trying to work this out.
It is challenging to get the company to reverse course on a fee because that is how they make their money. If they feel that they have any recourse at all to save the fees from being scrapped, then they will do exactly that.
It is a challenge to get your fees overturned because you are going to have to provide a lot of documentation, and you will need to show exactly what happened that caused you to be charged a fee that you should not have been charged. You could do this, or you could use DoNotPay to get help doing this.
Using DoNotPay to Appeal Fees
Getting your fees scrapped from Tastyworks the easiest way means following these simple steps from DoNotPay. Here's how you can use DoNotPay to appeal fees:
- Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal.
- Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one.
- Submit your case! DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing.
Why Use DoNotPay
DoNotPay understands that ensuring profits means not only picking great investments but also lowering fees and saving time on paperwork. If investors can get some of their time back, they can put that time to good use doing research and figuring out where to put their money to work next.
DoNotPay does a lot of good work towards helping investors with the daily things they need to do to maintain their account at as high of a profitability level as possible. Here are a few things DoNotPay has helped with:
- Joining an investor class-action lawsuit
- Filing an SEC complaint
- Finding brokers with the fewest fees
- Saving on bank fees for transfers
You don't become as successful as DoNotPay has become with its customers if you don't have an amazing product for them to use. Fortunately, DoNotPay has figured out the formula for success in this area, and it is what has led them to be the trusted name for getting fees reversed.
What Else Can DoNotPay Help You With?
DoNotPay can help you waive fees with the following:
There is so much DoNotPay can do for you. Sign up today.