In a taxable account, you can recover the Spanish withholding tax by getting a foreign tax credit when you file your 1040 return next April. Its fairly simple if w/h taxes are less than $600. You can still get the full amount of foreign tax credits if you the slightly complicated Form 1116 with your return. No recovery in an IRA, however. BTW, the 1-cent fee is charged by the sponsor of the ADR.