Accounts & headline costs
Sections ↑Public.com is a U.S. multi-product investing platform whose securities brokerage is supplied by Open to the Public Investing, Inc. It combines cash and margin brokerage accounts with IRAs, options, fractional bonds, managed Treasury and bond accounts, a bank-sweep cash account and an individual trading API. Those products do not all sit inside one legal or fee structure.[1][13][12]
The useful profile is therefore not “commission-free investing”. Stock and ETF options have no commission or per-contract charge, but index options, bonds, managed fixed-income accounts, Investment Plans, margin, outgoing transfers and Premium membership each have their own charging unit.[2][3][5][10][8]
Public at a glance
| Measure | Value | Context |
|---|---|---|
| Securities broker | Open to the Public Investing, Inc. | FINRA CRD 127818; the broker-dealer behind stocks, ETFs, options and bonds.Source 13 |
| Brokerage account capacity | Up to five under one login | At most one can be a margin account; the others can be cash accounts.Source 1 |
| Retirement accounts | One Traditional IRA and one Roth IRA per login | Contribution limits are not multiplied by opening several accounts.Source 1 |
| Public Premium | US$10 every 30 days | Complimentary access is described for accounts with a US$50,000 balance.Source 9 |
| Trading API | Read and write access | The individual API is for personal, non-commercial use; the account holder remains responsible for orders.Source 12 |
Account and sub-account routes
| Route | Provider or account structure | Main cost boundary |
|---|---|---|
| Cash brokerage | Public Investing | Securities and options under the brokerage fee scheduleSource 1Source 2 |
| Margin brokerage | Public Investing | One approved margin account; interest varies by balanceSource 1Source 6 |
| Bond Account | Public Investing | US$3.99 monthly unless waived, plus US$0.50 per US$100 corporate-bond tradeSource 4Source 9 |
| Treasury Account | Jiko Securities route | Marginal annual management fee plus transaction chargesSource 5 |
| High-Yield Cash Account | Public Investing brokerage account with partner-bank sweep | SIPC before sweep; potential FDIC eligibility after allocation to partner banksSource 11 |
Fees & holding costs
Sections ↑Options and bond trading charges
| Product | Published charge | What the number excludes |
|---|---|---|
| Stock and ETF options | US$0 commission and US$0 per-contract charge | Regulatory, exchange and other pass-through charges; rebate rates can changeSource 2 |
| Index options | About US$0.35–US$0.50 per contract | Settlement, exercise, exchange and regulatory charges can differ by indexSource 2 |
| Treasuries under one year | US$0.10 per US$100 par | Accrued interest and the quoted bond price are separateSource 3 |
| Treasuries one year or longer | US$0.25 per US$100 par | Same charge shown for the one-to-three, three-to-ten and ten-plus-year bandsSource 3 |
| Corporate bonds under one year | US$0.35 per US$100 par | Accrued interest and price remain separateSource 3 |
| Other corporate-bond maturities | US$0.50 per US$100 par | Also applies inside the separate Bond AccountSource 3Source 4 |
Published margin rates
| Debit balance | Annual rate shown | Date and qualification |
|---|---|---|
| Up to US$50,000 | 4.90% | Public page states rates as of 17 September 2025Source 6 |
| US$50,001–US$100,000 | 4.75% | Variable rate; eligibility and maintenance rules still applySource 6 |
| US$100,000–US$1 million | 4.50% | The rate applies to the debit balance tierSource 6 |
| US$1 million–US$10 million | 4.25% | Rate can change without noticeSource 6 |
| US$10 million–US$50 million | 4.20% | Large balances do not remove liquidation riskSource 6 |
| US$50 million or more | 3.95% | Lowest published band on the cited pageSource 6 |
Treasury Account management fee
| Marginal asset band | Annual fee | How it is applied |
|---|---|---|
| US$0–US$25,000 | 0.29% | Applied to assets in this first bandSource 5 |
| US$25,001–US$100,000 | 0.24% | Lower rate applies only to dollars in this bandSource 5 |
| US$100,001–US$1 million | 0.19% | Marginal rather than one flat rate for the whole accountSource 5 |
| US$1,000,001–US$5 million | 0.14% | Transaction fees remain additionalSource 5 |
| Above US$5 million | 0.09% | The lowest marginal management bandSource 5 |
Deposits, withdrawals & transfers
Sections ↑Funding, settlement and transfer-out mechanics
| Event | Published timing or fee | Operational effect |
|---|---|---|
| Linked-bank deposit | Three business days after processing begins | Buying power can appear before the deposit can move between accountsSource 7 |
| Linked-bank deposits above US$55,000 in six business days | Six-business-day settlement for the excess | The threshold applies to the aggregate described on the help pageSource 7 |
| Wire deposit | Settled the next business day | Public says processing begins within one business daySource 7 |
| Debit-card deposit | Three-business-day settlement | Different from the one-day wire routeSource 7 |
| Outgoing ACATS transfer | US$100; generally seven to ten business days | Fractional shares and bonds can be liquidated; separate sub-accounts require separate instructionsSource 8 |
| Non-ACATS transfer | Generally two to four weeks | Asset and receiving-firm requirements can extend completionSource 8 |
Public has separate withdrawal stages for brokerage cash, Treasury holdings, the Bond Account and the High-Yield Cash Account. A displayed portfolio value is not a withdrawable bank balance; an asset may first need to be sold, settle and move back to the brokerage cash ledger.[14][16][17]
Product-specific access to cash
| Area | Published position | Practical detail |
|---|---|---|
| Standard bank withdrawal | US$50,000 daily published limit | Contact support for a larger payment or a wire; limits and eligibility can depend on the account.Source 15 |
| Recent large deposits | Above US$55,000 within six business days: excess subject to six-business-day settlement | Use the live available-withdrawal amount; the deposit limit guide is distinct from the Bond Account article.Source 15 |
| Treasury Account sale | T+1, followed by 1–3 business days to brokerage cash | Bank withdrawal is a subsequent step after the transfer back to brokerage.Source 16 |
| Bond Account sale | Depends on a buyer and the individual bond | Public expressly does not guarantee liquidity in a particular bond at a particular time.Source 17 |
| High-Yield Cash Account | Transfer to brokerage, then bank withdrawal | The help guide gives a 7am–8pm Eastern market-day window for same-day withdrawal availability; outside it, the next open market day applies.Source 18 |
Where no cash is available to withdraw, the withdrawal help directs the customer to check whether the funds are invested or unsettled. Repeating the payment instruction does not accelerate settlement or turn an illiquid bond into cash.[14][17]
Protection & regulation
Sections ↑Membership, automation and protection
| Measure | Value | Context |
|---|---|---|
| Investment Plans | US$0.49, US$0.99 or US$1.99 per transaction | The fee depends on whether a Plan contains 1–3, 4–10 or 11–20 stock/ETF symbols; Premium waives it.Source 10Source 9 |
| Bond Account fee | US$3.99 per month | Waived for Public Premium.Source 4Source 9 |
| Partner-bank sweep coverage | Up to US$5 million aggregate | Subject to US$250,000 per partner bank and the customer’s same-capacity deposits at each bank.Source 11 |
| Brokerage protection before sweep | SIPC framework | Once cash reaches a partner bank it is no longer SIPC property and may instead be FDIC eligible.Source 11 |
- Headquarters
- New York, New York, United States
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Open to the Public Investing, Inc.
United StatesSource 13
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Industry Regulatory Authority127818 | Registered | Checked 10 Oct 2026Current FINRA BrokerCheck firm record.Source 13 |
Public Advisors LLC
United StatesSource 2
No separate licence entry is recorded in this panel.
Jiko Securities, Inc.
No separate licence entry is recorded in this panel.
Opening an account & support
Sections ↑Public provides in-app chat and [email protected] for funding, transfers and account questions. A wire request or a withdrawal exceeding the standard limit goes through Member Support. The product concerned should be identified because Treasury Account settlement and ordinary brokerage cash do not follow the same ledger or timetable.[19][15]
Additional services
Sections ↑Options rebates
| Measure | Value | Context |
|---|---|---|
| Tier 1 | US$0.06 per eligible contract | Up to 999 stock and ETF contracts in the published monthly tier.Source 2 |
| Tier 2 | US$0.10 per eligible contract | 1,000–4,999 eligible contracts.Source 2 |
| Tier 3 | US$0.14 per eligible contract | 5,000–9,999 eligible contracts.Source 2 |
| Tier 4 | US$0.18 per eligible contract | 10,000 or more; selected ETFs and API orders use an adjusted schedule.Source 2 |
Sources & further reading
- Multiple brokerage and IRA accounts at Public Public Help Center · Accessed 10 Oct 2026
- Options trading, rebates and index-option fees Public · Accessed 10 Oct 2026
- Bond transaction charges by maturity and type Public Help Center · Accessed 10 Oct 2026
- Bond Account maintenance and transaction charges Public Help Center · Accessed 10 Oct 2026
- Treasury Account management and transaction fees Public Help Center · Accessed 10 Oct 2026
- Margin investing eligibility and published rates Public Help Center · Accessed 10 Oct 2026
- Deposit timeline and settlement Public Help Center · Accessed 10 Oct 2026
- Outgoing brokerage account transfers Public Help Center · Accessed 10 Oct 2026
- Public Premium benefits and billing Public Help Center · Accessed 10 Oct 2026
- Investment Plan transaction fees Public Help Center · Accessed 10 Oct 2026
- High-Yield Cash Account insurance structure Public Help Center · Accessed 10 Oct 2026
- Public trading API Public · Accessed 10 Oct 2026
- Open to the Public Investing, Inc. — firm summary 127818 FINRA BrokerCheck · Accessed 10 Oct 2026
- Why funds cannot yet be withdrawn Public.com · Accessed 15 Oct 2026
- Public deposit and withdrawal limits Public.com · Accessed 15 Oct 2026
- Treasury Account settlement and transfer to brokerage cash Public.com · Accessed 15 Oct 2026
- Bond Account liquidity and withdrawal conditions Public.com · Accessed 15 Oct 2026
- High-Yield Cash Account withdrawal route Public.com · Accessed 15 Oct 2026
- Public withdrawal and support instructions Public.com · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.