We’ve simplified the application process to make getting started faster and easier. Dividend payments will now default to your Selfwealth ANZ cash trading account automatically for all new HIN’s.
Your Selfwealth ANZ cash trading account details are automatically sent to the share registries to make sure every dividend and distribution reaches your account securely and without delay.
Below are answers to frequently asked questions about how dividend bank account details are handled and what to expect next.
What happens to my dividend details if I apply for a new ASX shares portfolio with Selfwealth?
When you apply for a new ASX portfolio with Selfwealth, your holdings will be registered with a new Holder Identification Number (HIN) registered with Selfwealth and your dividend payments will automatically default to your Selfwealth ANZ cash trading account.
What if I don’t want my dividend payments to be paid into my Selfwealth ANZ cash trading account?
You can update your details directly via the relevant share registry portals or by contacting the share registries. The registry will notify you of any changes via email or post, depending on your communication preferences. Once these updates are complete, you’ll need to notify Selfwealth so that we can remove the default dividend instruction from your HIN.
Alternatively, if you wish to use your nominated bank account for dividend payments, you can complete our dividend income form. We’ll then update this preference for you on your HIN.
What happens to my dividend details if I have an existing ASX shares portfolio that I want to transfer to Selfwealth?
When you transfer your existing HIN to Selfwealth, your holdings remain under your existing Holder Identification Number (HIN).
As part of the application process, you will have the opportunity to nominate if you would like your dividends to be directed to your Selfwealth ANZ cash trading account.
If you nominate your Selfwealth ANZ cash trading account details, your details are automatically sent to the share registries and all existing arrangements are overwritten.
If you wish to receive your dividend payments into a different account, you can update your details directly via the relevant share registry portals or by contacting the share registries.
How do I find out which share registry I need to contact to update my dividend details?
You can obtain this information by visiting ww.asx.com.au. Simply search the stock code and click on the correct code. The share registry information will display at the bottom of the page.
What if I’ve already updated my bank details directly with the share registry?
If you make updates via the share registry portal (either at the HIN level or stock level):
- The update applies only at the share registry.
The registry will notify you of any changes via email or post, depending on your communication preferences.
Selfwealth won’t see the change and may not be aware of your registry instructions. Notifying Selfwealth when you make updates at the share registry can keep your account details aligned and avoid any confusion.
Where will my dividends go for a new stock if I’ve changed my details with the share registry but originally nominated my Selfwealth ANZ Cash Trading Account?
Even if you update your bank details with the share registry, dividends from new stocks will continue to be paid into your Selfwealth ANZ Cash Trading Account. Notifying Selfwealth when you make updates at the share registry can keep your account details aligned and avoid any confusion.
You can update your details directly via the relevant share registry portals or by contacting the share registries. The registry will notify you of any changes via email or post, depending on your communication preferences.
Can I update my dividend/distribution details at any time?
Yes. You can update your details directly via the relevant share registry portals or by contacting the share registries.
What communications will I receive if my details are updated?
If your details are updated by Selfwealth: you’ll receive an email notification from us informing you that your update has been completed. The relevant share registry will also inform you.
Will this affect my Dividend Reinvestment Plan (DRP)?
No. Any existing DRP elections will remain in place and are not impacted by this update.