Various fees apply for the different payment types, as described below.
Link Asset Services will charge a £5 administration fee (per transaction) to convert your payment into your chosen currency and make a direct payment into your bank account. For most shareholders living outside the UK, this will generally be cheaper than the fees charged by your local bank to convert your sterling payment cheque into your local currency.* You should also check with your bank to see if they will charge a fee for receiving this payment.
If you wish to receive your payment in the form of a currency draft, Link Asset Services will charge a £5 administration fee (per transaction) for this service. For most shareholders living outside the UK, this will generally be cheaper than the fees charged by your local bank to convert your sterling cheque into your local currency * however, you should check the charges for banking a currency draft with your local bank.
Stop and duplicate currency draft
Link Asset Services are reliant on postal services to ensure your currency draft reaches you securely. We are also dependent on you keeping us informed if you change your address. If your currency draft does not reach you or if you misplace your currency draft, we may charge a £20 administration fee to place a stop on the original currency draft and reissue a duplicate.
Your payment will be converted into your chosen currency using the "IPS Exchange Rate". The "IPS Exchange Rate" means the Foreign Exchange (FX) spot rate for buying or selling (as appropriate) the relevant currencies as provided by Link Asset Services' FX payments supplier at the time of the relevant transaction minus a margin spread of up to 3%.
* Fees will differ amongst banks. You should compare the fees charged by your local bank before registering for the International Payment Service