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Aviva Share Account EUR not GBP Cheque

  • 23-12-2020 6:20pm
    #1
    homer911
    Registered Users, Registered Users 2 Posts: 5,150 ✭✭✭


    As part of Brexit, Aviva recently announced the ceasing of their share account service for non-UK resident shareholders with people given options including selling there shares, which I decided to do. They subsequently sent a cheque for the net proceeds which appeared to be denominated in GBP (the amount was prefixed by "£"). I lodged this to my current account as a GBP cheque paying FX commission. Aviva then emailed an apology that the cheque was in €

    The cheque has now been bounced with another €8.50 fee for the privilege. Anyone else in this situation? Did Aviva refund the extra costs?


Comments

  • #2
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,612 Mod ✭✭✭✭Jim2007


    homer911 wrote: »
    As part of Brexit, Aviva recently announced the ceasing of their share account service for non-UK resident shareholders with people given options including selling there shares, which I decided to do. They subsequently sent a cheque for the net proceeds which appeared to be denominated in GBP (the amount was prefixed by "£"). I lodged this to my current account as a GBP cheque paying FX commission. Aviva then emailed an apology that the cheque was in €

    The cheque has now been bounced with another €8.50 fee for the privilege. Anyone else in this situation? Did Aviva refund the extra costs?


    So Aviva wrote a cheque and then failed to honor it.... cancelling a cheque and replacing it is one, thing, but bouncing it is an entirely different matter. I would certainly pressure them to compensating you.


  • #3
    lisasimpson
    Registered Users, Registered Users 2 Posts: 1,892 ✭✭✭lisasimpson


    Sorry to bump an old thread. I was impacted by this too. Anyone here decide not to sell. How are you continuing to hold them and earn dividend on them. Im only starting to look into this issue now cant find much advice on line



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