The monthly fee is first charged when you first hold a security as part of the US Investing service.
The monthly fee is:
A$0 / month (incl. GST) if you've paid the Spaceship Voyager monthly fee within the last month, otherwise;
A$4 / month (incl. GST).
The US Investing monthly fee will be direct debited from your linked bank account.
The monthly fee will continue to be charged on or around the same date of every month provided you continue to hold US securities. If you no longer hold US securities, you'll no longer be charged the monthly fee.
Example: Let's say you make an investment in Apple which settles on 10 May. This means you become eligible to pay the monthly fee for the US Investing service. Because you paid the Spaceship Voyager monthly fee (of A$3) on 1 May, you're charged no fees for the US Investing service.
A month later, on 10 June, our system checks your account and sees that you still have your holding in Apple. The system tells us that you didn't pay the Spaceship Voyager monthly fee in the month prior to 10 June. Because of this, this time around you're charged A$4 for the US Investing service.
Another month later, on 10 July, our system checks your account and finds that you've sold your holding in Apple. You're not charged the monthly fee for the US Investing service.