You chose to invest in a dollar paying investment.
You can either bite the bullet and let your bank charge you a fee for
converting the money to sterling or you could open an US dollar account with
an American bank which charges no fees for acceptance of cheque or
Bitstring , from the wonderful
person Eric Jones said
Some US companies will take back uncashed dividend cheques and 'roll
them up' into one larger cheque, or at least that used to be an option,
assuming you don't mind getting a payment only once in a blue moon.
In message , Eric Jones
You can find that you have US investments without intending to.
A few years ago, I bought 1000 pounds of shares in a British company,
and received 4400 shares. This was restructured/merged with another
British company, and my share holding in the new company dropped to
something like 20, worth a total of 75 pounds.
This company was then restructured/merged with yet another British
company. For my shareholding, I was paid off with 45 pounds but, for
some reason, I was left with one single share. The company's shares are
now only listed on the New York stock market, and my sole share is worth
about 20 dollars.
So, I have unexpectedly landed up with a US dollar shareholding, the
only benefit to me being that, twice per year, I receive a cheque for 1
British penny as a dividend. They also send me the annual company report
(about 1" thick), and this goes straight into the recycle bin.
The question is, what on Earth can I do with a single US share? It's
obviously not worth selling (even in the USA) as the charges would
probably greatly exceed its value. Is there any way of donating it to