Quote Originally Posted by couta1 View Post
ANZ have the same 90 day rule, costs them money to provide live data and their logic is, why should they provide that service to customers that spend next to nothing with them as opposed to the more frequent traders.
Poor email from ASB, just a notice of reduced customer service. No explanation.
Presumably ASB pay a set fee for live quotes and it doesn't matter how many customers they then pass it onto. Maybe I'm wrong, but I can only guess if ASB don't bother to tell me. It's not likely to bother me but if there is a period of time without trades for 3 months I would be very annoyed if it was cut off considering the many hundreds of dollars they have earned from me this year alone. As well, having a margin account means that I get charged a lump sum regardless of how many or few trades I make although it does get waived if more than $400 is paid in in fees.