What fees or taxes are associated with an IRA transfer?

To transfer your IRA to Ellevest Digital, Premium or membership:

Ellevest won’t charge you any additional fees for completing an IRA transfer with us, and there are no taxes associated with IRA transfers. However, you may incur transaction and transfer fees from your current IRA provider, and those fees often vary by firm. One thing to keep in mind: some providers may charge lower fees if you sell the securities in your account prior to initiating the transfer to Ellevest, so be sure to ask your current IRA provider. 

To transfer your IRA out of Ellevest Digital, Premium or membership:

Folio Investments, Inc., the broker and custodian for your account, charges a $100 fee for transferring an IRA to another institution. There are no taxes associated with IRA transfers to another provider.