Join our investing community

dividend when moving overseas.

Discussion in 'Shares' started by 3ricko, 16th Mar, 2009.

  1. 3ricko

    3ricko New Member

    Joined:
    16th Mar, 2009
    Posts:
    4
    Location:
    Sydney, NSW
    Hi guys,
    I have an account with Commsec and would like to know how i would receive dividend if i move overseas for the next couple of years? Is there an option so that it's sent to my bank account?

    Any help would be greatly appreciated.

    Cheers.
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    Most companies should have a facility to pay dividends via direct credit to your bank account. All the companies I've ever held shares in certainly did.
     
  3. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi Ricko,

    When you buy shares, the share registry (generally, Computershare or Link Market Services though there are some smaller obscure ones) usually sends out a welcome kit asking for your TFN (TFN form), Bank Account details (Direct Credit form) and/or whether you want to re-invest (Dividend Re-investment Program form).

    If you already own the shares, ring the share registry, their details are on top right hand corner of your Holding Statement.

    Cheers,

    Dan