Okay, I didn't realise that and indeed that was the question. Still, with the risk of being called a nitpicker, I would like to point out that in the first year, starting with 0 and ending with 12.000 euro, the fee would be lower. To make it easy you should calculate with an average investement in that year, say 6.000 or 6.500 euro. The investment fee would be about 15 or 16 euro.
No problem, no offense taken - I am also interested in the outcome because I've only recently moved to the Netherlands and have not transferred over my Australian investments, so I'm also effectively starting from 0. As for the fee, I could not understand what you meant at first but now I think I do. I assumed that the service fee was calculated yearly at the end of the year but upon closer inspection it does seem that it is calculated monthly as per the fine print in
https://www.ing.nl/particulier/beleggen/beginnen-met-beleggen/tarieven/index.html:
Servicefee
De hierboven vermelde tarieven zijn op jaarbasis. De servicefee wordt per kwartaal geïncasseerd, van het gelddeel van uw beleggingsrekening.
De bovenstaande tarieven worden per beleggingsrekening berekend, over het gemiddelde belegde vermogen. Dit gemiddelde wordt bepaald op basis van de waarde van het belegd vermogen per beleggingsrekening aan het eind van elke maand.
De bovenstaande tarieven zijn exclusief de beheervergoeding die fondsbeheerders in rekening brengen. Deze vergoeding is verrekend in de koers van het betreffende fonds.
This actually makes a big difference. By my reckoning this would make ING cheaper for amounts of 900 euro per month or less (28,96 vs 29,40) and De Giro would be cheaper for 1000 or more (30.00 vs. 30,40).
Hmmm... as I already bank with ING, it seems I should transfer my De Giro holdings to ING. Thanks for the tip!
Another question is what to invest in. I currently hold VTI and VXUS via De Giro, but as of this month they are no longer available for sale in the Netherlands. I am considering VWRL or just going the Meesman route for simplicity.