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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$250 |
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Purchases |
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Minimum |
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$25 |
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Maximum |
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$10,000.00 |
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Fees |
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Account |
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None |
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Automatic |
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$2.50 |
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Optional |
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$2.50 |
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Reinvestment |
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2% up to $2.50 |
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Sale Fee |
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$15.00 |
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Company |
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Additional |
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Glacier Bankcorp DRIP Details:
The Glacier Bank Direct Stock Investment Plan offers a mediocre holding vehicle for your Glacier investment with no account setup fees, but does charge optional stock investment and dividend reinvestment fees. For most long term investors a low cost brokerage such as Sharebuilder will be the lowest cost holding vehicle for your GBCI investment.
Pros:
No account setup fee
Lower than average optional investment fees
Low minimum initial investment ($250)
Cons:
Dividend reinvestment fees
Above average stock sale fee