Keep dividends currency

đź’ˇ Feature suggestions & ideas
1

Personally I would like to keep the currency of my dividends instead of having it automatically converted. Even though no fx fees are applied I would rather have it added to the correspondent currency account.
Is this something that Trading212 plans to do on the near future?

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2

As of now, dividends will continue to be paid in the account’s primary currency. We’ll let you know if that changes in the future.

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3

Any update regarding this?
Not sure if I need to re-evaluate holding certain stocks and etf’s here

4

There are no updates on this for the time being, but we’ll let you know right away if something changes :pray:

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5

Take US stocks which I assume a significant number of members hold.

There are two reasons why it is preferable to be paid dividends in $ for US stocks.

1 - The money will typically be used to purchase more US stocks, so it will just incur the usual 0.15% FX fee when converting back to $ from your own currency.

2 - Fluctuating FX rates can have a significant impact on the amount received. Take GBP (ÂŁ) for example - the $ is very weak compared to last month, so $1,000 in dividends received in January would have resulted in ÂŁ806, whereas now it will only yield ÂŁ790.

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6

taking currency fluctuating out of the equation would be beneficial, particularly as multi currency accounts are available, i would have thought this could be easily applied.

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7

Good talk, thanks.

The $ is now at 1.344 to the ÂŁ and is absolutely hammering dividend payments.

212 receives the payment in $ so why is it converting it to ÂŁ before paying it out to us?

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8

@Brotham, I’ve merged your topic with this one. I hope you don’t mind :folded_hands:

As of the moment, there aren’t any updates - dividends continue to be converted and paid in your account’s primary currency. No FX fee or markup is charged by us.

9

Yes, there is no FX fee when converted into the primary currency. But when I want to reinvest the money, we can’t avoid FX fee.
There is default purchase/sell currency in settings. Seriously, is it that difficult to add default dividend currency? :smiley:

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10

You know why they won’t change it, think about it… :confused: