ACATS Account Transfer Question

[scripta]

@glitch99

The transfer to Account “B” is a distinct transaction that happens at a specific time, they wont continue transferring stuff on an ongoing basis after the transfer has occured.

AFAIK the custodian for the old account is responsible for moving any late arriving dividends or interest payments to the new account. I’ve received a transfer 13 months after an ACAT. I couldn’t actually figure out what it was (the amount didn’t match up to any dividends, so I suspect it was interest income for part of the month that they didn’t transfer to the new account for a year).