Our Dividend Direction Service allows you to have dividends from the securities you hold on your CommSec CHESS sponsored share trading account paid directly to your nominated settlement account, instead of waiting for a cheque in the mail.

With CommSec's Dividend Direction Service you can:

• Enjoy the convenience of not having to bank a cheque and wait for it to clear
• Save time, with dividends paid directly into your nominated settlement account
• Have cash ready for your next investment opportunity
• Easily track your dividends.

How does Dividend Direction work?

When you elect to have your dividend payments paid directly to your nominated settlement account we will provide your account number and BSB to the share registries automatically for your existing holdings and new holdings each time you purchase securities on your CommSec CHESS sponsored Share Trading Account.

Please Note: Not all companies or share registries support electronic payment of dividends or their direction. If you hold shares in one of these companies, you may still receive a dividend cheque to your registered address.

Do I need to do anything when I purchase additional shares if I have elected to have the Dividend Direction Service?

Once you activate your account for the Dividend Direction Service, your bank account details will automatically be sent to the relevant share registry, so you do not need to do anything each time you purchase securities in a company on your CommSec CHESS sponsored trading account.

How do I apply for Dividend Direction Service?

To apply, log into your CommSec account and navigate to Portfolio > Accounts >Account Details and scroll down to ‘Dividend Direction’. Choose ‘Paid into settlement account electronically’ and make sure you read the relevant information before clicking on ‘Save Dividend Direction’.

For further assistance regarding our Dividend Direction Service, please call CommSec on 13 15 19 or +61 2 9115 1417 if calling from overseas (Monday to Friday, 8am to 7pm, Sydney time).