What is a Dividend in Lieu?
With securities lending, the borrower will receive the dividend on the security they are borrowing from the lender.
The borrower then pays the lender the same amount of money. This is “Payments In Lieu of Dividends”, or “Dividends in Lieu”.
The amount of money being received by the lender is the same, but may be taxed differently than a regular dividend. If you have more questions about the tax implications, we recommend you contact a tax advisor.
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Q. Trying to Link your Stash with TD Bank?
As of April 25th, 2022, at 12:01a.m. ET, TD Bank implemented a change that requires all institutions, including Stash, to re-link once every 90 days if you linked your account via the Instant Link option using Plaid. What this means for Stash customers who are linked to a TD Bank account: This will not impact any deposits you make from your account,…
Q. Why did you sell part of my investments to cover my monthly subscription fee?
The way we initially attempt to charge the fee differs. We’ll try to pull from your Portfolio cash, linked debit/credit card, or Stash Banking1 balance first. If that doesn’t work, then we’ll sell a portion of your holdings in your Personal Invest Portfolio to cover the fee.…
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