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The entire process can be completed from the comfort of your own home and your funds are conveniently deposited directly into your specified checking or savings account. It doesn't get easier than that! Also many investors have a misunderstanding of the effect of receiving a dividend from their fund. This may be caused intentionally by financial professionals who take advantage of the customerâs confusion. This practice, which is a violation of ethics rules and is called "selling dividends." For example, dividends are payed periodically, such as monthly or quarterly. Now assume that a fund declares a that a dividend will be paid to shareholders of record at the end of the month. It is a violation for a financial advisor to encourage a customer to buy the mutual fund in advance of the ex-dividend date, implying that receiving the dividend is a benefit to the investor. Minimum Requirements: You will be required to have a valid checking account, and certain lenders will use a savings account if checking is not available. You must also be at least 18 and a resident of the United States. An email account and work and home phone numbers are needed. The only other requirement is that you have a steady income that will leave you with at least $1,000 a month after taxes have been taken out.
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