The complaint has been investigated and
resolved to the customer's satisfaction
Ameriprise FinancialsFees to close a Brokerage accoun

We had noticed that Ameriprise Financials ( previously American Express ) had begun charging a monthly fee to our small brokerage account. After loosing so much in the stock market, we were fed up with the whole thing and decided to cash out and close the account. It is bad enough that Ameriprise charged $19 ( plus another $4.50 - under some other pretext ) for each 'sale' transaction .. but what really gets me is that they charged $100.00 to close the account !! Since WHEN do companies get to charge you if you stay open ( and are inactive ) and charge you for CLOSING an account ? I feel robed.
Is there someone we can complain to ? is this not illegal ? Am I looking at a potential class action lawsuit ??
Btw. I am planning to cancel all my Amex cards as well ... that is the last $$ they made off of me :)

Post your comment

    By clicking Submit you are agreeing to the Complaints Board’s Terms and Conditions


    Unhappy consumers gather online at and have already logged thousands of complaints
    If you see dozens of complaints about a certain company on ComplaintsBoard, walk away.
    One of the largest consumer sites online. Posting here your concerns means good exposure for your issues
    A consumer site aimed at exposing unethical companies and business practices
    ComplaintsBoard is a good source for product and company gripes from especially dissatisfied people
    You'll definitely get some directions on how customer service can best solve your problem