ATM application for e-Dividend payment opened
For the first time in history, stock investors can apply for e-Dividend service via Siam Commercial Bank's ATM network.
The service is aimed at reducing paper document, delivery time and expenses involved with the physical payments of dividends from listed companies
Stock Exchange of Thailand President Charamporn Jotikasthira applicants will get SMS confirmation within 3 working days.
"The cooperation with SCB is another milestone in improving post-transaction services, to offer quality and advanced services to shareholders. This also promotes low-cost services, for the sake of shareholders and service providers. The exchange will extend the cooperation to other banks thereafter," he said.
SCB operates over 8,000 ATMs. The application can be filed 24 hours a day.
At present, a number of 900,000 shareholders or 64 per cent of total 1.4 million have used the e-Dividend service. The exchange targets to extend the service to cover additional 100,000 shareholders, through cooperation with two more banks within this year.
