BUB 3.70% 13.0¢ bubs australia limited

SPP refunds by Direct Credit? ...please no cheque

  1. 131 Posts.
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    I have noticed a very clever timing by the BUB management to schedule the refunds/Despatch of shareholder statements to Friday December 22. If you were to sweat out receipt of your refunded application funds via cheque, it can be a 100% guarantee nobody will receive theirs before Christmas/ Wednesday the 27th. By then one needs 3 days for cheque clearance which at the absolute earliest applicants will see their money is January 2. Close to 2 weeks to see your money after the mailing date is very frustrating especially for the larger allocation applicants. Nice for BUBs earning interest...maybe not as good as their Goat Formula but pretty handy for them just the same! Is there a way to bypass this stranglehold and arrange a Direct Credit to Bank account? I spoke to one rep from Computershare who said it wasn't possible although I just need to verify this information from the field. I dare say many shareholders may share my query.
 
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