Q & ACategory: StocksWill bank charges any fee if receive dividend from US shares?
Oliver asked 2 months ago

Hi KC,
I have been wondering this for some time. Will bank charges any fee if I receive dividend from US shares? I have been asking banks and none giving me the answer accurately and just wondering is there any hidden fee since the brokerage fee is very expensive.

1 Answers
KCLau Staff answered 2 months ago

Some brokers/banks will impose a processing fee to deposit the dividends cheques. Different brokers charge differently. Your broker should know the answer. It is such a basic question about the fees. Demand to talk to his manager if he can’t answer you.