sharetrader
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  1. #1
    Quiet Observer
    Join Date
    Jun 2005
    Location
    New Zealand.
    Posts
    402

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    Quote Originally Posted by dibble View Post
    The "account" is a forex trading account not a mechanism to hold your AUD dividends for further AUD processing. So....if you want to get your AUD dividend from your Aussie company paid into your AUD account in your NZ (eg ASB) bank account rather than into your NZD account, there seems to be no way of achieving this.
    If anyone has somehow achieved this I would be grateful for the know-how.
    Hi Dibble. Respectfully, I encourage you to dig a little further.

    Over the last month I have had various AUD dividends deposited into our WISE (AUD) a/c and have distributed them how & when I wish.

    One can elect to transfer those funds into pretty much any nominated account, whether they be an AUD a/c, anywhere in the world, e.g your ASB - AUD a/c, or a kiwi domiciled NZD a/c (of course following competitively priced currency exchange with WISE).

    And yes you are correct, WISE for example will generally offer much better NET conversion rates (incl any fees) then your bank. So generally speaking, for retail investors I would suggest it is easier & more cost effective to get WISE to convert from AUD to NZD, and then transfer the funds to your NZ domiciled NZD a/c.
    Success is a journey AND a destination!

  2. #2
    Member
    Join Date
    Jan 2008
    Posts
    191

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    Aha, many thanks. I am indisposed for a bit but will pursue your, er, Wisedom in due course. If I learn anything new I shall share.

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