How much custody costs
The custody fee is calculated on the daily average holdings of the month and applied in progressive brackets, from 0.96% down to 0.24% per year.
For its custody service, CheckSig charges a fee calculated on the daily arithmetic average of the amounts held in the reference month.
Fees are applied in progressive brackets:
| Countervalue in euro of the crypto held in custody | Annual fee |
|---|---|
| No holdings | 0.00% |
| Up to 100,000 | 0.96% |
| Next 150,000 (up to 250,000) | 0.84% |
| Next 250,000 (up to 500,000) | 0.72% |
| Next 500,000 (up to 1,000,000) | 0.60% |
| Next 4,000,000 (up to 5,000,000) | 0.48% |
| Next 5,000,000 (up to 10,000,000) | 0.36% |
| Amount exceeding 10,000,000 | 0.24% |
The annual fee is charged monthly (pro-rata). Average holdings are valued in euro at the internal end-of-month reference rate, determined at 00:00 UTC on the first day of the following month, as made available in the App.
Worked example
With average monthly holdings of €130,000: €100,000 × 0.96% × 1/12 = €80 for the first bracket, plus €30,000 × 0.84% × 1/12 = €21 for the second.
Fees are charged to the euro balance monthly, within the first three working days of the month following the reference month.