Dividend/Interest Payment to Bank Account (e-Dividend Service)
The e-Dividend service is the service where the dividend / interest payment is made to a bank account to facilitate the securities holders in receiving dividend / interest from securities issuers. Formerly, the dividend / interest payments are made to securities holders by cheques. With the e-Dividend service, this could facilitate securities holders to have more convenience. TSD has continued to enhance quality of service on e-Dividend. Now, the money can be transferred electronically to bank account without the condition on maximum limit compared to the past which value of electronic money transfer was capped at THB 40MB.
Benefits of the e-Dividend Service to Securities Holders
Receive the dividend/ interest payments on the due date via the money transfer
No need to worry about delayed or lost cheques during the handling
Receive dividend/ interest payment via bank accounts even in case of relocation without notifying to a registrar. Customers have no difficulty or do not have to wait for a returned mail to be reforwarded.
No need to spend time at a bank to cash cheques
Securities holders located in provinces can save bank fees on bill for collections and they will receive the dividend/ interest payments immediately on the paid date, while in case of cheques it will take 5-7 days.
Securities holders continue receiving the letter regarding the dividend/ interest payments to bank accounts, including the withholding tax documents by mail
The e-Dividend Application Process
Securities holders can submitrequest forms for dividend/ interest payments to bank accounts,and specified supplement documents to the TSD. In case of the scriptless holding, securities holders can submit via securities companies from which they receive services. A registrar will deposit dividend/ interest into bank accounts after a securities issuer requests to make dividend/ interest payments to bank accounts of securities holders or securities owners