Receiving US stock dividends in the UK

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ThriftyRob
Posts: 148
Joined: Wed Jul 01, 2020 7:20 am

Receiving US stock dividends in the UK

Post by ThriftyRob »

A UK company, whose stock I bought many years ago, has been acquired by a US corporation which has been split into several companies quoted on NYSE. I now receive dividend payments through the mail of around $20 to $40 each time. I would like to be able to pay them into a US$ account and save the cash and spend it when we visit the US.

I had a US$ account with Citibank in London, however, they have one branch miles from where I live and they require deposits to be made in-person, which is inefficient.

Is there a way I can have the stock registrars pay the dividends into an online account in the US? Any recommendations please?

The amounts are small so I'm not really concerned about taxation.

chenda
Posts: 3302
Joined: Wed Jun 29, 2011 1:17 pm
Location: Nether Wallop

Re: Receiving US stock dividends in the UK

Post by chenda »

I believe HSBC can set up an online US based account for you.

ThriftyRob
Posts: 148
Joined: Wed Jul 01, 2020 7:20 am

Re: Receiving US stock dividends in the UK

Post by ThriftyRob »

Thanks, @chenda. I have an HSBC Premier account, so I'll ask them. I didn't find anything from trawling their website.

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