When a dividend or an interest payment is due to you, you may opt to:
- keep it on your Moneybase account; or
- have it paid to a bank account of your choice
This option is chosen at order placement stage but can be edited at any time.
Simply select the instrument from your investment portfolio, scroll down until you see "Interest Option" and select whether you would like a bank transfer or to receive it on account.
Similarly, you are able to adjust whether you would like Moneybase to deduct withholding tax on your interest payments.
Interest received into your Moneybase account is instantly available to use on your free Moneybase card for your day to day purchases.