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Vanguard fees: the fine print
Broker · 3 of 8 facts found on official pages · every fact quoted and dated.
Vanguard blocks automated checks, so these values were read by hand and are re-checked manually.
Full ACATS transfer-out fee
$100 (may charge)
"VBS may charge a $100 processing fee for each account closure and full transfer of account assets to another firm."
Waived for clients with ≥$5M qualifying assets, Wealth Management, or advisory-enrolled accounts. Vanguard's account-transfer page says it doesn't charge for outgoing transfers; the fee schedule (effective July 10, 2026) is used here.
Partial transfer-out fee
Not published
Fee schedule only names 'account closure and full transfer'.
Reverse split / mandatory reorg fee
Not published
No reorganization line on the fee schedule.
Fractional shares after a reverse split
Not published
We haven't found this on an official page yet.
Voluntary reorg / odd-lot tender fee
Not published
No reorganization line on the fee schedule.
DRIP (auto dividend reinvestment)
Yes
"provides a no-fee, no-commission reinvestment program"
Read by hand (Vanguard blocks scripts). Program fractions are rounded to 3 decimals; some fractional entitlements may be paid in cash.
Fractional share trading
Yes (Vanguard ETFs & mutual funds, $1 min)
"At Vanguard, you can use dollar-based trading to buy mutual funds or Vanguard ETFs® … you can buy a Vanguard ETF® for as little as $1"
Dollar-based (fractional) buys cover Vanguard ETFs and mutual funds only, not other ETFs or stocks.
Rate on uninvested cash
Not published
Settlement fund (VMFXX) yield page renders blank to both scripts and web readers.
Questions
How much does Vanguard charge to transfer an account out?
$100 (may charge) for a full outgoing transfer, per its official fee page.