Benefits of the International Payment Service:
- Reduced fees – Capita Registrars will charge a simple £5.00 administration fee (per transaction) for this service. For most shareholders living outside the UK, this will generally be cheaper than the fees charged by your local bank to convert your sterling dividend cheque into your local currency.*
- Faster access to funds - your dividends are paid as cleared funds, directly to your local bank account giving you faster access to your money than waiting for a sterling cheque to clear.
- Competitive exchange rates – we will arrange for your dividend to be exchanged into your local currency at competitive commercial foreign exchange rates at the dividend payment date. These will generally be preferable to retail foreign exchange rates offered on the high street to deposit overseas cheques.**
- Reduced risk of non-delivery or fraud – as the funds are sent directly to your bank account, there is no risk of your dividend cheque going missing in the mail or of fraud in respect of cheques.
* Fees will differ amongst banks. You should compare the fees charged by your local bank before registering for the International Payment Service.
** Exchange rates are subject to fluctuation and can go up or down. This may result in a more or less favourable rate than if paid by sterling cheque.