Has anyone got FOX USA shares and understands who charges the "hidden fees" on funds remitted to Australian Bank Accounts e.g. for dividends, and how the fees are calculated?
Previous inquiries to the CBA, Computershare and FOX have shed no light - no one seems to know or want to explain how it works.
The internet exchange rate the day the last div was paid was $1.29 while the actual payment implies the CBA exchange rate was $1.18 unless there are other undisclosed hidden fees and charges (I am accounting for the US tax and the processing fee per the div statement of course).
I would like to know the how the fees are calculated because I want to sell FOX shares. If I do it via Computershare and the same percentage is lost in exchange rate or hidden fees it equates to 8.53%. And this is just to deposit money into a bank account (before brokerage and other fees are charged). It would be cheaper to fly to the US and bring the money back in a suitcase.
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