Fully Paid Lending isn’t appropriate for everyone. Clients with very low risk tolerences should not consider the program. A primary risk is counterparty default. Drivewealth is your counter party on fully paid lending transactions. If Drivewealth ...
You can enroll or revoke enrollment from the Profile options for your account, through the Vested app. On choosing to revoke enrollment, you will cease to earn any further interest on securities eligible for the Program, and there may be restrictions ...
You can move your dividend funds from a US broker to Vested without any RBI restrictions. Regarding income tax, transferring these funds and investing them does not create a taxable event. Tax obligations only arise when you sell an investment or ...
Yes you are entitled to receive fractional dividends as well. For example, if a $10 dollar dividend per share is announced, and you own 0.5 shares you will get $5 as dividend in your Vested account. Please note if the dividend amount is less than a ...
The dividends are credited to your Cash wallet and the amount will reflect under your Vested account’s cash balance. You can see the same in your ‘Account Statement’ under the ‘Profile’ tab. This information will also be available in the ‘History’ ...