International Payment Service
Capita Registrars has partnered with Travelex, the world’s largest specialist provider of commercial international payment services, to provide you with a service that will convert your sterling dividends into your local currency at a competitive fee.
We can then either arrange for these funds to be sent to you by draft or can pay them direct into your bank account.
The benefits of both services:
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Reduced fees – Capita Registrars will charge a £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 s terling dividend cheque into your local currency.* You should also check with your bank to see if they will charge a fee for receiving this payment.
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Competitive exchange rates – we will arrange for your dividend to be exchanged into your local currency at competitive commercial foreign exchange rates on the dividend payment date. These will generally be preferable to retail foreign exchange rates offered on the high street to deposit overseas cheques.**
Additional benefits of having the funds transferred direct into your bank account:
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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.
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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.
Click here for further information on this service and instructions on how to apply.
* 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 down or up. This may result in a more or less favourable rate than if paid by s terling cheque.