What accounts is Automatic Dividend Reinvestment (ADR) available on?
ADR is available on:
- Investment ISAs
- Company Dealing Accounts.
To have ADR on your account you need to have an active Cash Management Service (CMS). CMS enables you to hold cash within your account, therefore giving you the ability to trade immediately with the cash available.
When you open your account we'll ask you to set up a Direct Debit so that if there aren't enough funds in your CMS to cover a purchase or fees owed in the first instance, we will take the balance from your chosen bank account.
This service will not be available on Managed ISAs, Advisory or Corporate Services (there is an existing automatic dividend facility on Corporate ISAs, but this facility reinvests all dividends received into the sponsoring company's shares, regardless of the stock the dividend was paid on).