Account packages
Equilor Investment Ltd. offers the following account packages:
- E-OPTIMUM account package (with an EQUILOR DIRECT mail account)
- STANDARD account package
Before making the decision to open a client or securities account, please consider the cost of opening an account, which is a factor that decreases yields, and also take into account the fact that additional fees may also apply for other services related to the various account packages.
1. E-OPTIMUM – ACCOUNT SERVICE
| Description of services connected to the account package | Fee | Features |
|---|---|---|
| Client and securities account management | HUF 3,000 / quarter | As part of the Optimum account package, clients receive transaction confirmations and account statements in an electronic PDF format sent to their online email accounts provided by EQUILOR. EQUILOR does not provide these documents in hard copy format. A condition for choosing the service is an EQUILOR DIRECT minimum EMAIL ACCOUNT, which is currently free of charge. |
| Clients receive monthly account statements, which are sent to and stored in their EQUILOR Direct email accounts | Free of charge |
As described above, the quarterly account fee for the E-OPTIMUM package is HUF 3,000
2. STANDARD – ACCOUNT SERVICE
| Description of services connected to the account package | Fee | Features |
|---|---|---|
| Client and securities account management | HUF 3,000 / quarter | Clients who choose our Standard account package receive confirmations of transactions in hard copy format, which are sent to them by mail. Clients receive EQUILOR DIRECT services free of charge with the Standard package. |
As described above, the quarterly account fee for the STANDARD package is HUF 3,000, with the added condition that a custody fee is charged for dematerialised securities in the Standard and Komfort account packages.
3. KOMFORT - ACCOUNT SERVICE
Contracts for new KOMFORT account packages are no longer available after 6 April 2022.
| Description of services connected to the account package | Fee | Features |
|---|---|---|
| Client and securities account management | HUF 3,000 / quarter | Clients who choose our Komfort account package receive confirmations of transactions and account statements in hard copy format, which documents EQUILOR retains for the duration of the service or until such time as the documents are taken over in person. The documents are not mailed. Clients receive EQUILOR DIRECT services free of charge with the Komfort package. |
As described above, the quarterly account fee for the KOMFORT package is HUF 3,000, with the added condition that a custody fee is charged for dematerialised securities in the Standard and Komfort account packages.
Detailed information on the account packages available for our clients participating in ECO and ECO-KOMFORT portfolio transfers is available in our general terms and conditions and our fee tables.
ADDITIONAL INFORMATION AND FREQUENTLY ASKED QUESTIONS REGARDING THE EQUILOR DIRECT SYSTEM AND ACCOUNT PACKAGES
THE USE OF ELECTRONIC INFORMATION AS A PRIMARY METHOD FOR NOTIFICATIONS
Additional information on the effects of the amendments to Act CXXXVIII of 2007 on Investment Firms and Commodity Dealers, and on the Regulations Governing their Activities (hereinafter: Act on Investment Firms) on account packages, notification practices, and account management conditions, which amendments enter into force starting from 28 February 2022, are available in our general terms and conditions, our fee tables, and the following notices.
- Detailed information for E-OPTIMUM, STANDARD, and KOMFORT account package clients
- Detailed information for ECO-KOMFORT account package clients
- Detailed information for ECO account package clients
What are the additional costs of using EQUILOR DIRECT?
Under our current pricing, we do not charge any additional fees for the use of the EQUILOR DIRECT service. The EQUILOR DIRECT service is available for any account package; however, the E-OPTIMUM account service requires EQUILOR DIRECT access and at least an ELECTRONIC EMAIL ACCOUNT subscription.
Are the EQUILOR DIRECT services (ON-LINE ACCOUNT INFORMATION, EMAIL ACCOUNT, ELECTRONIC ORDER SUBMISSION) also available separately?
Yes. We set the services available from the system depending on the client’s request, which allows clients to order all three or any combination of the individual services.
How safe is the EQUILOR DIRECT system?
The system uses 128 bit SSL encryption to guarantee the integrity of the data traffic between the Client and the Equilor Direct computer.
User passwords are stored using a one-way hash.
Another channel is used to send the Client’s login password and the passwords randomly generated for the fulfilment of orders and for signing. These are sent via text message to the phone number provided by the Client.
What account packages are necessary for using EQUILOR DIRECT services?
All EQUILOR DIRECT services can be combined with any of our account packages. However, an EQUILOR DIRECT email account is required for the E-OPTIMUM account package, as documents will be sent to the Client’s personal email account.
Thank you for reading this information carefully.
If you have any further questions, please do not hesitate to contact us by calling +36 1 430 3980.