Transaction Fees
At the Free Lakota Bank, we have one single fee. We charge 1oz per month to secure your property in our vault. This fee includes unlimited online account access and transfers to other Lakota account holders, and unlimited transfers to accounts at any other AOCS member bank. It also includes up to thirty (30) Out-of-Band Authentication requests. Each additional set of thirty (30) Out-of-Band Authentication requests costs 1 ounce of Silver.
The only other charge you may incur with the Free Lakota Bank is for shipping when withdrawing funds. You may visit a local Trade Coordinator at no charge to withdraw from your account. If you choose to have the bank ship your property direct to you via insured private carrier service, you will pay for all shipping charges direct to the carrier in whatever currency the carrier accepts.
If you choose to commit 100oz to the General Investment Fund, the Free Lakota Bank will waive the monthly account fee during the term of your contract.
The only other charge you may incur with the Free Lakota Bank is for shipping when withdrawing funds. You may visit a local Trade Coordinator at no charge to withdraw from your account. If you choose to have the bank ship your property direct to you via insured private carrier service, you will pay for all shipping charges direct to the carrier in whatever currency the carrier accepts.
If you choose to commit 100oz to the General Investment Fund, the Free Lakota Bank will waive the monthly account fee during the term of your contract.
