# Fees and taxes Overview of our pricing and potential local taxes Our approach to fees is simple. We believe in: - Radical transparency: We’ll always be upfront with any associated charges. We also want to ensure that we charge the smallest amount possible fairly, so if you place an order where the fees will account for 5% or more of its total value, you’ll be presented with a pop-up in the Lightyear app for you to confirm this - 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 **Things you pay us for** **Cost** US shares (per order) 0.10% (_0.10 USD min - 1 USD max)_ UK shares (per order) 1 GBP EUR-denominated stocks, bonds, ETNs and ETCs (per order) 1 EUR Hungarian shares (per order) 0.10% (_200 HUF min)_ Swiss shares (per order) 0.10% (_1.5 CHF min)_ Danish shares (per order) 0.10% (_10 DKK min)_ Swedish shares (per order) 0.10% (_10 SEK min)_ Norwegian shares (per order) 0.10% (_10 NOK min)_ Polish shares (per order) 0.10% (_5 PLN min)_ Crypto asset (per order) 0.45% Money market funds (GBP/EUR) annual fee 0.10% Money market funds (USD) annual fee 0.15% Currency conversion using the live interbank exchange rate 0.35% Fast deposit transfer (debit card, Apple Pay, Google Pay) 0.6% SWIFT transfers [See here](/help/deposits-conversions-and-withdrawals/depositing) _Money market funds: in addition to our fee, these also have separate fund manager fees – all are reflected in the interest rate you see in the app._ **These are free** Exchange-traded funds (ETFs) Multi-currency account EUR, HUF, GBP, and USD deposit account numbers Securities custody Local bank transfers in/out W8-BEN (US tax form) _ETFs: No execution or custody fees. Fund manager fees still apply._
### Applicable taxes **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** 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 Spain FTT The Spanish Financial Transaction Tax (SFTT) will be applied to shares of companies whose head office is located in Spain and whose market capitalisation exceeds EUR 1 billion.  0.2% on buy orders 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.  0.4% 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 Portugal 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. 4% United Kingdom Stamp duty Stamp Duty Reserve Tax (SDRT) will be applied when you buy 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 Ireland Stamp duty Irish Stamp Duty will be applied when you buy shares in an Irish company, including on non-Irish exchanges. 1% on buy orders Hungary HFTT HFTT is applied to shares of companies trading on the Budapest Stock Exchange. 0.45% with max of 20,000 HUF on buy orders ### Regulatory fees (applicable only for U.S. securities) - **American Depositary Receipts (ADRs)**: You may incur an annual custodial fee of $0.01–$0.05 per share. Additional small charges of $0.02–$0.05 per share or event during corporate actions (like dividends or mergers). These fees are set by the ADR depositary and custodian banks, not Lightyear, and vary by asset. You can check with the specific depositary bank to confirm the exact fee per ADR. Read more about ADRs [here](/help/trading-and-investments/american-depositary-receipts). When you sell U.S. securities, small regulatory fees may apply. These fees only apply to sell trades, and are usually just a few cents. - **FINRA TAF (Trading Activity Fee)** based on the number of shares sold. - **Regulatory Transaction Fee** applies to sales of U.S.-listed stocks or options. --- Canonical: https://lightyear.com/en-be/help/deposits-conversions-and-withdrawals/fees-and-taxes