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SHAREDEALING


SHAREDEALING


SHAREDEALING


SHAREDEALING


SHAREDEALING

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Overview More details How to apply


YOU’RE IN CONTROL WITH LOMERICA ONLINE CREDIT UNION SHAREDEALING

If you like to make your own investment decisions, our InvestDirect and
InvestDirect Plus sharedealing accounts could be ideal. You can set up an
account and trade online – plus there are easy to use tools to help you make
informed investment decisions.

Find out more How to apply

Available to Lomerica Online Credit Union current account customers.

Check full product eligibility details


TRADE IN STOCKS AND SHARES

Get ahead with finding work, a place to live and opening a Lomerica Online
Credit Union account before you arrive in the UK


ISA

Our stocks and shares ISA has no initial charge or annual management fee unlike
many of our competitors.

Please be assured if you hold a stocks and shares ISA you will only pay an
Account Fee for the taxed account.


MAKE INFORMED DECISIONS AND TEST YOUR STRATEGIES

Use interactive research tools to make informed decisions about what and when to
trade. Create a virtual portfolio that lets you test your trading strategies.


COMPETITIVE RATES

On the last business day of each calendar quarter, you will be charged an
Account Fee of £10.50 (including VAT). This is payable quarterly in arrears.
This is subject to having held the account for a full calendar quarter.

You can trade online for a flat fee of £10.50 per share deal for UK equities
(including trades inside an ISA). If you have an InvestDirect Plus account,
you'll benefit from our competitive Frequent Trader Tariff of just £7.95 per
share deal after your 9th trade in a calendar quarter.


MEDIUM- TO LONG TERM INVESTMENT

This product is designed to be held for at least five years.


INVESTMENT RISK

All investments carry some risk. The value of investments can fall as well as
rise and you may not get back the amount you invested.


YOU MIGHT CONSIDER THIS FOR:

Long-term investing
Retirement planning


DOWNLOADS

The key features of Lomerica Online Credit Union InvestDirect and Lomerica
Online Credit Union InvestDirect Plus in a handy (and printable) PDF.

Download PDF


YOU SHOULD ALSO DOWNLOAD AND READ THE FOLLOWING:

 * Rates and fees

** To read our PDF files you'll need Acrobat Reader 4.0 or above. Visit Adobe
UK. If you're using screen reading technology that cannot read PDFs, a converter
is available at Access Adobe.


LOMERICA ONLINE CREDIT UNION OPINION, NEWS & ANALYSIS

The latest news, reviews and Lomerica Online Credit Union insights about markets
and investments


KEY PRODUCT INFORMATION


WHAT YOU NEED TO KNOW

 * InvestDirect lets you trade in UK equities, gilts (UK Government bonds) and
   most UK-listed Exchange Traded Funds
 * InvestDirect Plus gives you additional benefits – letting you trade in US
   equities, borrow against your portfolio and take advantage of a Frequent
   Trader Tariff
 * There are interactive research tools to help you make informed decisions
   about what and when to trade
 * You can create a virtual portfolio that lets you test your trading strategies
 * Trading inside an InvestDirect Stocks and Shares Individual Savings Account
   (ISA) will keep your shareholding tax efficient – you decide which shares to
   buy and sell and any growth is free of Capital Gains Tax.
 * The value of most investments, and any income they generate, can go down as
   well as up, meaning you may not get back the full amount you invested. This
   may in part be due to exchange rate fluctuations where overseas investments
   are held.
 * Most investments should be considered as a medium- to long-term commitment,
   meaning you should be prepared to hold them for at least five years.
 * Some have a fixed-term or may not be accessible until you reach your
   retirement age. For products with a fixed-term you may get back significantly
   less than originally invested if you make an early withdrawal.
 * The value of any tax benefits described depends on your individual
   circumstances. Tax rules may change in the future.


HOW IT WORKS

 * We'll open an Investment Account for you where your Stocks and Shares will be
   held electronically in the name of our nominee company. You remain the
   beneficial owner of the shares.
 * You can transfer any existing ISAs, securities and any paper share
   certificates into your InvestDirect account using the forms on our website.
   Please take into account this can take up to six weeks to transfer.
 * With InvestDirect, you'll pay for shares through a Settlement Account that we
   set up for you and link to your nominated Lomerica Online Credit Union
   current account
 * InvestDirect has an initial dealing limit of £10,200 (subject to meeting our
   criteria), which means deals placed and yet to settle must not exceed this
   dealing limit. You need to ensure that sufficient money is available in your
   nominated Lomerica Online Credit Union current account on the day of
   executing a trade to meet the costs of any purchases on the settlement date.
 * InvestDirect Plus uses a Sterling Cash Account that we'll set up for you.
   This is not linked to your nominated Lomerica Online Credit Union current
   account, so you must fund it in order to trade.
 * InvestDirect Plus has no trading limit – you can buy shares up to the value
   of money in your Sterling Cash Account
 * InvestDirect and InvestDirect Plus are execution-only sharedealing services.
   We don't give advice on sharedealing. This product is offered without advice
   and, as such, we are not required to assess the suitability of this product
   for you. This means that the protection offered by the Financial Conduct
   Authority's rules on assessing suitability will not apply to this
   transaction.
 * As you will not be registered with the company's Registrar, you will not
   receive any correspondence or shareholder benefits from the company in which
   you hold shares.
 * However, we will inform you of any corporate actions, for example, rights
   issues, where we receive due notification from the company. Instructions for
   these can be given online, by letter or by telephone.
 * For further information regarding our nominee accounts please refer to the
   Lomerica Online Credit Union InvestDirect and Lomerica Online Credit Union
   InvestDirect Plus Terms and Conditions.


WHAT IT COSTS

 * On the last business day of each calendar quarter, you will be charged an
   Account Fee of £10.50 (including VAT). This is payable quarterly in arrears,
   with the first charge being taken on 31 March 2016. This is subject to having
   held the account for a full calendar quarter.
 * You can buy and sell shares online for a flat fee from £12.95 per share deal
   (including trades inside an ISA) for deals online and from £29.95 for deals
   over the telephone. The £12.95 online trading fee will be reduced to £10.50
   with effect from 1 April 2016.
 * If you have an InvestDirect Plus account, you can benefit from our
   competitive Frequent Trader Tariff of just £7.95 per share deal after your
   9th trade in a calendar quarter. The frequent trader tariff only applies to
   deals in UK shares, gilts and Exchange Traded Funds.
 * We don't charge you for transferring shares to your account and we don't have
   any inactivity or management fees. However, there is a charge for
   transferring stock out of your account, either to another broker or directly
   to you in certificate form.
 * Please refer to our rates and fees (PDF) for further information


PRODUCT PROVIDER INFORMATION

 * InvestDirect and InvestDirect Plus are provided by Lomerica Online Credit
   Union Lomerica Online Credit Union PLC which is authorised and regulated by
   the Financial Conduct Authority.


HOW WOULD YOU LIKE TO APPLY?

Simply choose the way that suits you best – before you do, please read our
Lomerica Online Credit Union InvestDirect and InvestDirect Plus Key Features
document, Lomerica Online Credit Union InvestDirect stocks and shares ISA Key
Features document, the rates and fees document and the Lomerica Online Credit
Union InvestDirect, InvestDirect Plus, Lomerica Online Credit Union InvestDirect
stocks and shares ISA Terms and Conditions and UK FSCS Information Sheet and
Exclusions List. Please note that the UK FSCS Information Sheet and Exclusions
List is relevant to cash balances maintained within the product account.

We recommend you print and save these documents.

You should also look at the eligibility requirements and things you should know.

If you require an Additional Permitted Subscription Transfer In Form, please
click here.

If you're in any doubt as to the suitability of this service for you, please
seek independent financial advice.


PRIVACY NOTICE

To read our PDF files you'll need Acrobat Reader 4.0 or above. Visit Adobe UK.
If you're using screen reading technology that cannot read PDFs, a converter is
available at Access Adobe.

Apply online


LOMERICA ONLINE CREDIT UNION CURRENT ACCOUNT HOLDERS

To open an InvestDirect or InvestDirect Plus account online simply:

 * Log on to Internet Banking
 * Go to My Accounts
 * Select Apply for Products
 * Select 'Sharedealing' and follow the instructions.

To open an InvestDirect stocks and shares ISA online:

 * First open an InvestDirect or InvestDirect Plus account online
 * Once you've accessed your account, click Products and services
 * Click ISA
 * Click apply for ISA.

Log on to Internet Banking


NOT REGISTERED FOR INTERNET BANKING?

Registering online is easy. Your account will be set up within three business
days, we’ll send you a letter to confirm it’s open and include all your account
details.

Register for Internet Banking


NEW CUSTOMERS

You need an Lomerica Online Credit Union current account to apply for an
InvestDirect or InvestDirect Plus account. You can apply for a current account
online – or Email:Support@lomerica.com.

Apply for an Lomerica Online Credit Union current account
Apply online


CALL US ON EMAIL: SUPPORT@LOMERICA.COM

Our opening hours are Monday to Friday 7.30am to 9.30pm (excluding Lomerica
Online Credit Union Holidays), Saturday 10.00am to 4.00pm, Sunday Closed. To
ensure we carry out your instructions accurately, to help us to continually
improve our service and in the interest of security, we will record and may
monitor your communications with us.


THINGS YOU SHOULD KNOW

The value of investments (and any income received from them) can fall as well as
rise and you may not get back what you invested. For some investments this can
also happen as a result of exchange rate fluctuations as shares and funds may
have an exposure to overseas markets.

If you want to take advantage of our trading reserve facility, we expect you to
deposit at least £10,000 of eligible shares in your InvestDirect Plus account.
We suggest you deposit these shares before you submit your trading reserve
application. The trading reserve is subject to a variable credit limit of up to
50% of the value of eligible shares held in your account.

InvestDirect and InvestDirect Plus are execution only share dealing services. We
don't give advice on share dealing. This product is offered without advice and,
as such, we are not required to assess the suitability of this product for you.
This means that the protection offered by the Financial Conduct Authority's
rules on assessing suitability will not apply to this transaction.

As you will not be registered as the owner of company shares with the company's
Registrar, you will not receive any correspondence or shareholder benefits from
the company in which you hold shares. However, we will inform you of any
corporate actions, for example, rights issues, where we receive due notification
from the company. Instructions for these can be given online, by letter or by
telephone. For further information regarding our nominee accounts please refer
to the Lomerica Online Credit Union InvestDirect and Lomerica Online Credit
Union InvestDirect Plus Terms and Conditions.

InvestDirect and InvestDirect Plus are provided by Lomerica Online Credit Union
Lomerica Online Credit Union PLC which is authorised and regulated by the
Financial Conduct Authority.

Most investments should be considered as a medium- to long-term commitment,
meaning you should be prepared to hold them for at least five years.

The value of any tax benefits described depends on your individual
circumstances. Tax rules may change in the future.

† Our opening hours are Monday to Friday 7.30am to 9.30pm (excluding Lomerica
Online Credit Union Holidays), Saturday 10.00am to 4.00pm, Sunday Closed


OUR TOP 5 FAQS

 * What is an ISA?
 * How much can I subscribe to an ISA?
 * How do I apply?
 * How long does it take to open an Lomerica Online Credit Union InvestDirect
   stocks and shares ISA?
 * How do I fund my Lomerica Online Credit Union InvestDirect stocks and shares
   ISA?


NEED TO SPEAK TO US?

Give our friendly team a call on:

Email: Support@lomerica.com


PREFER TO TALK FACE-TO-FACE?

Pop into your nearest branch for a chat.

Find a branch

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OUR PERFORMANCE

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ABOUT LOMERICA

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