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Dividend via EFT
Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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gatoho wrote:BGL wrote:Ericsson wrote:For those who normally receive their dividends via EFT which party normally bears the EFT Transaction charges levied by the bank.Is it the company that issues the divided cheque or the individual receiving the dividends? I am charged Ksh.150 for receiving dividends via EFT. Infact ALL payments processed by Custody & Registrars are EFT. Including an odd lot which have been trying to dispose off since the EFT charge is much more than the value of the cheque. I guess am royally screwed, just changed to eft and have soo many odd lots You have two options: 1. open an account with I&M who accepts your dividends by eft for free 2: sell to me your odd lots. i have a duty to relieve people of their odds lots. uko na gani uniambie i buy mara pap?
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Rank: Chief Joined: 1/3/2007 Posts: 18,354 Location: Nairobi
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madebe wrote:gatoho wrote:BGL wrote:Ericsson wrote:For those who normally receive their dividends via EFT which party normally bears the EFT Transaction charges levied by the bank.Is it the company that issues the divided cheque or the individual receiving the dividends? I am charged Ksh.150 for receiving dividends via EFT. Infact ALL payments processed by Custody & Registrars are EFT. Including an odd lot which have been trying to dispose off since the EFT charge is much more than the value of the cheque. I guess am royally screwed, just changed to eft and have soo many odd lots You have two options: 1. open an account with I&M who accepts your dividends by eft for free 2: sell to me your odd lots. i have a duty to relieve people of their odds lots. uko na gani uniambie i buy mara pap? I think @madebe prefers #2 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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VituVingiSana wrote:madebe wrote:gatoho wrote:BGL wrote:Ericsson wrote:For those who normally receive their dividends via EFT which party normally bears the EFT Transaction charges levied by the bank.Is it the company that issues the divided cheque or the individual receiving the dividends? I am charged Ksh.150 for receiving dividends via EFT. Infact ALL payments processed by Custody & Registrars are EFT. Including an odd lot which have been trying to dispose off since the EFT charge is much more than the value of the cheque. I guess am royally screwed, just changed to eft and have soo many odd lots You have two options: 1. open an account with I&M who accepts your dividends by eft for free And this guy wants no 1. Thanks on the IM tip, but changing anything with CDSC is akin to Agha Khan and the old men going digital. 2: sell to me your odd lots. i have a duty to relieve people of their odds lots. uko na gani uniambie i buy mara pap? I think @madebe prefers #2 Foresight..
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Dividend via EFT
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