Computershare sent me a "Direct Credit Notification" to fill out and send back to them. the form accommodates the necessary Cash Management Account Reference Number. It would appear that the instruction will apply to all holdings.
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Anyone having trouble uploading passport on the DirectBroking app
They DO have a process to direct payments to the correct DB CMT account.
My dividend went to ANZ Securities on the 12th (I got a remittance advice yesterday), they paid it to DB and it has turned up in my DB CMT today (13th).
So to avoid payments being delayed by a day then you should change your dividend payment instructions at Link & Computershare.
Direct credited my account yesterday morning and it is now 10am and it is not showing up in my account. Bit hard to trade if insufficient funds available.
Likewise. I also note if however you wish to trade without sufficient funds in your account they will charge a "standard internet charge" which is....What!!!
Deposit appeared about 1130. Hopefully this will improve. You also miss out on a days interest. I wonder who gets that?
The non CMA rates are here
https://www.directbroking.co.nz/Dire...rates.aspx#Fm1
Just rang to arrange a transfer from Australian dollar account to NZ account and told they cannot do this after 11.30am. Makes it hard to sell Oz shares and buy NZ with the same funds on same day. Just wondering if this is the common experience. Surely they can transfer funds throughout the day. It looks like they use one exchange rate daily and bulk transfer funds in batches, rather than individual transactions.