Like Tree4Likes
  • 1 Post By bdw
  • 3 Post By bdw

Mild SCB rant

Closed Thread
  1. #1

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    15,557

    Mild SCB rant

    There was some bonus share issuance and dividend payment.

    I received 4 separate letters for this. Each letter was two pages (one in English and one in Chinese):

    - Corporate action advice (dividend payment)
    - Corporate action advice (bonus issue)
    - Receipt (dividend payment)
    - Receipt (bonus issue)

    Talk about a total waste of paper (and also postage fees).


  2. #2

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    5,585

    don't you get to choose e-mail correspondence ? does that mean email correspondence does not cover corporate actions ?


  3. #3

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    15,557
    Quote Originally Posted by freeier:
    don't you get to choose e-mail correspondence ? does that mean email correspondence does not cover corporate actions ?
    It seems you can't get email only correspondence for investment services.

  4. #4

    Join Date
    Oct 2011
    Posts
    871

    BOCHK sends me email to notice corporate action of the stocks in my portfolio and refers me to login to online banking for more details.


  5. #5

    Join Date
    Feb 2009
    Posts
    8,280

    I still get many letters from SCB and no possibility to get them as email. One letter each month tells me whether my mortgage uses Hibor or Prime for that month (depending on Hibor rate), I get 3 letters a month with dividend payments for 3 separate unit trusts I have with them, I get monthly 'wealth report' or some bullshit like this with lots of pie charts on it, I get quarterly or half yearly letters from about 10 different stocks I hold to report dividends, etc.

    I have turned on estatements and my basic bank statement and credit card statement is delivered electronically. But everything else still paper based.

    shri likes this.

  6. #6

    Join Date
    Feb 2009
    Posts
    8,280

    @pin they must have been listening to us and get a free $50!

    https://av.sc.com/hk/edm/investments...en/index2.html

    jrkob, drumbrake and pin like this.