Changing my account default currency

Hi i have an invest account that is in dollars, is it possible to change it to uk pounds? Im finding it annoying that an dividends im getting from my uk stocks in the gia come through as dollars. I only opened in dollars as originally we didn’t have multi currency.

My isa in in pounds.

thank you!

Currently, the only way to change your primary currency is to open a new account and close the existing one. If another alternative becomes available in the future, we’ll share the news right away :pray:

The option to receive dividends in the same currency as the stock would be fantastic.

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I second that.

I am fairly new here, and when I had noticed that all dividends are converted into account defauld currency I decided to execute all my future investments in dividend paying stocks on a different platform. It’s a pity, I like 212’s functionalities and features, but the forced conversion of dividends is just too inconvenient. Hopefully this will be adressed sooner than later (should not be too difficult to implement - in fact it means REMOVING a step from the dividend handling by the platform).

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If I want to change my primary currency by opening a new account, is there a way to move there positions from the existing one?

There isn’t an option to transfer positions from your current account to a new account you are about to open.

so are we able to hold 2 accounts at the same time, so 1 can be in USD and 1 in GBP?

Having two accounts of the same type in your name is not allowed.

then is it possible to have a GIA in USD and a S&S ISA in GBP?

It is, thats my problem though. Now we have multi currency id like the main currency to be pounds in my GIA! All my divs and cashback is coming through as dollars…

@crabbycrabcrab isn’t it being converted into pounds again? or can you not reinvest it?

If i change dollars to pounds i pay a 0.15% fx fee.

My stocks are in pounds but i get paid in dollars dude to the GIA currency being dollars. Very fustrating

I wonder though as my main currency is gbp but if I get paid divs by american companies I must still have to pay the fee for the divs to be converted to pounds.

There is no fee for it

Really? aren’t the divs being paid in dollars by american companies so they need to be converted to gbp?

My etfs are pound based

I found today in another topic that if I open a new account, it will be created under the Cyprus entity, as I am an EU resident. While there is a benefit for me that I will be able to order a T212 card, I won’t able to choose USD as a base currency, AFAIU. Can you confirm that?

Yes, your understanding is correct. You’ll be unable to set USD as the primary currency, but you’ll be able to make payments and trades in the currency by utilising the multi-currency feature we offer.

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Got you, thanks, it’s clear now.
I don’t like that base currency is used to show the value of whole portfolio and separate positions and profit/loss, etc, and I cannot choose USD while investing more to US market.
But I like the fact I have all the information now :slight_smile:

Huh, if you invest in USD listed asset, you will use your USD money, if you have any. You can also transfer USD directly to your T212 account. I think the only problem here is that you see the asset values in EUR, if you don’t open the asset.