Maybe someone else that's works in the Banking Sector out there can shed further light on this.
Recently I received my Kinross Gold dividend cheque in Cad$, was for more than $500 AUD which I was told by Westpac is the cut off amount. They also advised that the Dividend cheque was not recognised as a cheque in Australia, as it was not an "International Cheque".
This meant that the cheque was sent back to Canada to the issueing bank and cashed and returned to Westpac, then cashed to me, took more time, with more fees deducted.
For this reason, I didn't want to take the chance as sold my EQN on market, and have put the $$ into someting else.
Good luck to all who have riden EQN, will see you all on another thread. Was kinda hard to actually press the sell button after 13 years in EQN.
My two cents worth
cheers Mitch
EQN Price at posting:
$7.79 Sentiment: ST Sell Disclosure: Held
