Does the International Monthly Usage Fee apply to me?

Starting November 25, 2023, a monthly account fee of US $5 will be introduced for international account holders under certain conditions.

This fee will apply to international users who:

-Do not have an active Abra Borrow loan of more than US$100
, and/or
-Have a remaining Abra Boost balance below US$500, and/or
-Have not traded within the last 30 days.
If you hold less than the amount needed to trade you can always deposit more to withdraw or continue to trade. If the amount left within the account is less than the amount to trade and a trade has not taken place within 30 days the fee will apply.

If your Abra account holds less than the $5 monthly fee it will simply be 0'd out within the first month and brought to 0 to pay the fee. If the account remains at 0, you will not be charged.

However, if you deposit funds the same rules will apply.

For Example: If you hold $3 worth of funds in December of 2023 and are 0'd out due to the monthly fee, then in January deposit some funds but you either do not make a trade that month, have an Abra Boost balance higher than US$500, or Abra Borrow loan of more than US$100, then the monthly fee of $5 will apply.

Why am I being charged for last month? 
Abra's system runs this fee in batches. So not everyone may see this fee on their account but if you fall within the categories above you are still subject to it.

For example, if Abra ran the fee batch on January 1st and you did a number of trades in November just missing the 30-day mark on December 1st, then only the $5 fee would apply.

However, if that same batch is run but you did not do a trade for 5 months prior you would be charged $25 (5 x $5) etc, etc. When the batch is run it can go back as far as 13 months which would be $65 (depending on when you last made a trade, held an active loan or Boost balance).