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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
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<p>[QUOTE="anonymous, post: 6186557"]If you have an account with a nationwide bank such as Bank of America, then you can stop reading this now. If, like me, you have a checking account with a smaller regional bank, then you probably want to keep reading. </p><p><br /></p><p>I tried to use Computershare's website to sell the RSU shares of NVO I was awarded. To make an international wire transfer to my bank, Computershare's website required me to input my banks "SWIFT" code. I checked my banks website looking for it, and learned that my bank does not have a SWIFT Code. Their website said that I would have to have Computershare wire funds to a financial institution here in the U.S. that Computershare has a working relationship with, and that institution would then wire the proceeds from the sale of NVO shares to my bank. (Net of this is that my small regional bank does not accept international wire transfers)</p><p><br /></p><p>So I decided to sell the shares and have Computershare mail me a check. That'll work, but the check will be drawn on a bank in Denmark and will be issued in Danish Krones, not US Dollars. My bank will accept it for deposit, (I called and asked to be sure they would) but it will "take longer and fees might be incurred which the bank will pass on to you if there are any." Taking longer means that my bank will place a hold on my deposit until the bank in Denmark pays my bank for the full amount of their check, and only a small fraction of the total amount of the check I deposited will be made available to me immediately. </p><p><br /></p><p>I could go down to the local branch of J.P. Morgan Chase and open an account with them and have the funds wired into my new account. But I really don't want to open another bank account that I probably wont ever use again not to mention pay all those fees to Chase that my small regional bank doesn't charge me.[/QUOTE]</p><p><br /></p>
[QUOTE="anonymous, post: 6186557"]If you have an account with a nationwide bank such as Bank of America, then you can stop reading this now. If, like me, you have a checking account with a smaller regional bank, then you probably want to keep reading. I tried to use Computershare's website to sell the RSU shares of NVO I was awarded. To make an international wire transfer to my bank, Computershare's website required me to input my banks "SWIFT" code. I checked my banks website looking for it, and learned that my bank does not have a SWIFT Code. Their website said that I would have to have Computershare wire funds to a financial institution here in the U.S. that Computershare has a working relationship with, and that institution would then wire the proceeds from the sale of NVO shares to my bank. (Net of this is that my small regional bank does not accept international wire transfers) So I decided to sell the shares and have Computershare mail me a check. That'll work, but the check will be drawn on a bank in Denmark and will be issued in Danish Krones, not US Dollars. My bank will accept it for deposit, (I called and asked to be sure they would) but it will "take longer and fees might be incurred which the bank will pass on to you if there are any." Taking longer means that my bank will place a hold on my deposit until the bank in Denmark pays my bank for the full amount of their check, and only a small fraction of the total amount of the check I deposited will be made available to me immediately. I could go down to the local branch of J.P. Morgan Chase and open an account with them and have the funds wired into my new account. But I really don't want to open another bank account that I probably wont ever use again not to mention pay all those fees to Chase that my small regional bank doesn't charge me.[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Novo Nordisk
>
Selling Your RSU NVO STock? If so Read This!
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Novo Nordisk
>
Selling Your RSU NVO STock? If so Read This!
>