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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$500 |
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Purchases |
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Minimum |
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$50.00 |
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Maximum purchase |
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$10,000.00 |
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Fees |
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Account |
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$15.00 |
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Automatic |
$2.00 |
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Optional |
$5.00 |
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Reinvestment |
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None |
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$15.00 |
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Company |
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Additional |
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Discover Financial Services DRIP Details:
Discover is a direct banking and payment services company. The Discover Direct Stock Investment Plan offers a mediocre holding vehicle for your Discover investment with an account setup fee, investment fees, and dividend reinvestment fees. Depending on your investment strategy a low cost brokerage such as Sharebuilder or the Discover DRIP would be your lowest cost holding vehicle for your DFS investment.
Pros:
Below average electronic investment fee
No dividend reinvestment fees
Cons:
Account setup fee
Above average cash investment fee
Above average sales fee