Ericsson wrote:xtina wrote:young wrote:Ericsson wrote:young wrote:My 2 cents wrote:For amounts below certain limits, Safaricom pays by MPESA regardless of what your broker form says.
C&R is also known to call to convince investors to take MPESA option despite what the broker form says.
Once after I received such a call, I redirected them to my broker form yet again, I prefer EFTs.
@My 2 cents OR anyone
Please what is the limit to transfer Safaricom dividend by EFT ?
Is it 5,000/- or 10,000/- and above or what limit ?
Thanks
No limit on the floor and roof.
Please @Ericsson what I mean is up to what amount does the registrar consider too SMALL to transfer SAFARICOM or other COUNTERS by EFT , but instead rather wants to transfer by MPESA ?
Is it 5,000 bob and below or what is the low limit they opt to send by MPESA instead of registered EFT details ?
Many thanks
If I am not wrong, it's 35k. Anything above 35k is EFT, below you can have MPESA or EFT.
Mpesa limit is ksh.70k or as set by the company paying the dividend.
Some have set at ksh.10k as maximum by mpesa
Thanks @Ericsson.
I think we can safely conclude that for all other counters, EFT as prefeered choice of the investor is always respected. It is ONLY Safaricom that at times force people to remit their dividend by MPESA irrespective of their choice of EFT transfer .
This is important to me because as a foreign non resident investor , I don't have MPESA , the only option is bank transfer by EFT. So MPESA is not an option for me.
I do have Safaricom shares and they have been paying by EFT. But I have reduced my holdings considerably due to lack lustre performance of Safaricom as per their HY 2022 results to seek opportunities in other counters like SCBK , NCBA and ABSA with a view to a better dividend income in the short term than Safaricom.
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