fidelity drs transfer to computershare
As per above, see post here. 0000020008 00000 n Say: I want an outbound DRS transfer of my GME shares to Computershare. Contact your contra br oker and indicate to them that you hold shares in a Fidelity Stock Plan Account that you would like to transfer to your account with this contra broker. Welcome to Transfer Wizard Home With the Computershare Transfer Wizard, transferring your shares is easy. 0000026132 00000 n Then, Fidelity would manage your DRS transfer in a few days (about 3) so no reason to not bring them business. DTC# 7807. "What happens to my shares once they are 'transferred' to CS?" From here you can follow the Fidelity guide located. 0000002663 00000 n This is a repost of my initial DRS series. The Transfer Agent's name, DTC number, and address. "What happens if MOASS starts while the shares are being transferred?" You can write it informally, or use the following templates: If you don't have an existing Computershare account: If you have an existing Computershare account: To verify online, Computershare will ask some security questions based on info they take from LexisNexis. I can't find it anymore, so go figure. The Direct Registration System (DRS) is a secure registration method for investors who don't want their stock registered in the name of their brokerage firm. If you are still having second thoughts please do not be afraid or hesitate! DTC# 7807. # NOTE: You don't need to open a CS account, Fidelity will take care of it. Step 2. This can be handwritten or typed, but it must be signed with wet ink. Computershare sold the fractional DRIP share, charged a $20-$25 fee for brokering the sale and sent me a check by mail for the net amount. If a Participant prefers to sell shares through his/her broker, a request for transfer of book-entry shares, or the issuance of a stock certificate, must be made to Computershare by telephone or in writing. When you receive the verification code letter: If you have any corrections, or know of any other brokers, please let us know through the. INTERNATIONAL APES: you'll need to fill a W8-BEN form. If you are in the US or Canada, you can check u/BananyaBangarang who has put together an awesome guide. Step 3. Press J to jump to the feed. 0000018659 00000 n We have found that holders who use the Transfer Wizard are three times LESS likely to have their request rejected for missing information. BOX 505000 LOUISVILLE, KY 40233-5000 COMPUTERSHARE'S DTC NUMBER: 7807 ----------------- Fidelity (US) A safe place for apes who like the stock $GME. Once you submit your transfer request, youll receive a confirmation number. How do I view the full number? Say: I want an outbound DRS transfer of my GME shares to Computershare. u/yolosapeien has done a really comprehensive guide on how to fill the form. There is no more need for the verification code. 0000009490 00000 n Direct Registering Shares (DRS) is the MOASS key handed on a golden platter. For the email write: I would like an outbound DRS transfer as detailed in the attached Letter of Instruction. It can take 3-5 business days for the lots to show correctly on Fidelity.com. The transfer process is quite simple. You need to use CAPITAL LETTERS and BLACK INK. From here you can follow the Fidelity guide located here. - There are 2 parts to the DRS process: The process with your broker (ie: how long it takes for them to initiate the DRS transfer). Step 1. Do your DD. Once your your shares and $100 are settled in Public, you can send them a Letter of Instruction. Step 2. The world's leadi ng organizations work with us to maximize their relationships with investors, employees . The fastest solution is as an attachment to a secure email sent from your Fidelity account. If you think they aren't, just check again, Step 1. For a successful DRS transfer, your Fidelity account must also be in good standing, and there is no margin debit balance. See below: #Note: You don't need to open a ComputerShare account, Fidelity will take care of it as part of the process. Hi u/ksknksk, and welcome to r/fidelityinvestments. Once your your shares and $100 are settled in Public, you can send them a Letter of Instruction. Our team is always happy to help. Not sure if there could be an easier way in the future. # Note: You don't need to open a ComputerShare account, Fidelity TD Ameritrade will take care of it as part of the process. Is It Safe To Link My Bank Account to Fidelity Full View? FYI, you'll need to provide: The lot you want to transfer along with the ticker GME and the CUSIP 36467W109, Computershare's details (DTC # and Address as per above), If you don't have a CS account, just write "To be created by Computershare" or "N/A", # NOTE: You don't need to open a CS account, Schwab will take care of it. Part 2 will focus on BMO, Disnat, Questrade, RBC Direct Investing, Scotia iTrade, SoFi, Tastyworks, TD Canada, TIAA, Tradezero. 0000001539 00000 n Your broker may ask you for a Computershare account number. Someone in another specific stock related subreddit is writing a how-to for DRSing ira shares, it sounds like there's some tax id setup required. You can wait 3-5 business days for the verification letter, or you can verify your identity immediately online. If your name and address match exactly, then the transfer will process within the normal amount of time. For security reasons we do not recommend giving this information to your broker. Access the online request form by going to etrade.com >> Accounts >> Documents >> Forms & Applications >> Deposits & Withdrawals section >> Request a Stock Certificate. P.O. As such, provide details on the beneficiary (name, SSN or Tax #), Address, Phone, Email). 0000027453 00000 n The transfer will take 5-10 business days to process. Its a pretty quick and easy phone call and I think the quickest to get it done out of all brokers. This sexy ape called u/Bibic-Jr is keeping a good log of all brokers. Investor Center. If you get a good experience with one of them, take another 5 min after you are done to write a referral or compliment, it goes a long way! I have a super smooth brain! If you start subsequent DRS transfer and want these shares to go to your existing CS account, quote your CS account number to your broker. A guide to TRANSFER a portion/all of your GME shares to Computershare (referenced as CS in this post). Section 2: This is basically YOU and YOUR details. Said they've had several thousand individuals make this request. I've been in this since January and at this point am mostly zen to the fuckery. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. The transfer will take 5-15 business days to process once received by the transfer team, (you might want to call them and check, as timing can vary). The broker and Computershare will take care of the transfer and open a Computershare account for you. Step 2. You need to fill the form called "Non-ACAT Transfer Out of Commsec". I won't be tempted to touch them. If not, there should be an option in the account management or you could check your statements and list to your brokers the shares you want to transfer. Step 4. I stated the quantity of GME, and LIFO (Last In, First Out). Automated Stock Adminstrator's Portal Fidelity will pull your shares from Public. Hope this clears things up! Transferring an IRA to CS is possible. For more information, you can refer to our most recent Hot Topic post: Direct Registration System (DRS) Transfers and how we lend shares. Box 505005 Louisville, KY 40233-5005 (888) IBM-6700 (United States, Canada and Puerto Rico) (781) 575-2727 (all other areas) ibm@computershare.com Direct Registration is the way. Head to Secure Mail to return the form. Access Employee Equity Plans. From what I understand it takes 4-5 days. Step 1. Print, sign, and scan the Letter of Instruction. Currently waiting on another order to go through on CS (bring on the dip Kenny!). Step 1. ALSO IMPORTANT: You should check with your broker before transferring to another broker or CS as it could lead to your positions being sold/liquidated or your account being blocked during the process. Step 2. I was looking into how I can drs x amount of shares to CS? ComputerShare is not some shady company. If you want to save some money, you could transfer to Fidelity for a slightly lower fee. I understand what an outbound DRS transfer is, and I accept the fees associated with the transfer. More than that, your broker is probably dodgy in one way or another. You now have full access to your Computershare account! Computershare will then prompt you to create your username, password and security questions. Return. Why I'm Transferring Stock from Computershare Here are the main reasons why I'm transferring stock to TD Ameritrade: To pool the dividends and diversify into other stocks To save $12 on fees in the Verizon DRIP plan To deal with one less form 1099-DIV at tax time It's easier to track cost basis from now on. NOTE: You'll see a note on top of the form for a $500 fee. 0000027795 00000 n Create your account after shares have settled in 6-7 days. Box 505005, Louisville, KY 40233-5005. Box 505005, Louisville, KY 40233-5005. Step 2. All rights reserved. Step 2. Public charges a $100(US) fee for each DRS transfer. Hope this clears things up! 0000014350 00000 n Call the Onboarding line on 1-855-730-0325 as they are more knowledgeable about DRS Transfer. Step 1. Happy to investigate further if any apes want. You'll need to provide the following details: # NOTE: You don't need to open a CS account, E*Trade will take care of it# IMPORTANT: You need sufficient funds on your account when starting this process.# IMPORTANT 2: Using the phone method, you can transfer without the fund requirement.# FEES: None but you will need $US500 on your account as a guarantee until E*Trade confirms that GME is an on-exchange security (NYSE) with a registrar.# PROCESS COMPLEXITY: # TIMING: 5-10 days# METHOD: Preferred method: Phone . Last month, there was a technical difficulty within Fidelity that prevent DRS transfer from happening. 0000008649 00000 n Send an email to CommsecInternationalSettlements@cba.com.au and commsecinternationaldesk@cba.com.au with the subject line: "Outbound DRS Transfer - Pershing [YOURACCOUNTNUMBER]", # Note: You don't need to open a ComputerShare account, Avanza will take care of it as part of the process. Step 3. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Head to Contact Us and click on Secure Mail to return the form. Press question mark to learn the rest of the keyboard shortcuts. "So why transfer to CS if I can simply not sell some of my shares to create one of these fancy pool for myself?" Call them on 1-877-284-9830 (Asset Transfer Team) or 1-800-323-4332 (seems like Schwab is pushing back on that second #) and ask to talk to the Security Team. The stock you want to transfer along with CUSIP and quantity. Chat Method - Start a 'Ask TED' chat and ask for an Outbound DRS Transfer or call 1-800-652-4584 and request to talk to someone for an Outbound DRS Transfer. Fees at $1,000 make it quite prohibitive to transfer IMO. Fidelity is a popular choice for being free . How can I, as an Australian, buy direct through computer share? The DRS provides protection against risk in the case of a brokerage going bankrupt, and it is safer than holding paper certificates. This can be handwritten or typed, but it must be signed with wet ink. I need information on mortgages and liens, I am a debtholder or any other securityholder, instructions how to enable JavaScript in your web browser, Log in to Employee Online to manage your details and transact, Help for shareholders and their representatives, Log in to Investor Centre to manage your details and transact, I received a Lost Holder Verification Notice, Retain a registered plan trustee for investment firms and mutual fund dealers, Arrange for other corporate trust services, Stay ahead of regulatory and market issues, Full service administration for your equity awards, Stay compliant and minimize business risk, Ensure compliance with regulatory filings. This can be for a few reasons, such as a middle initial existing on one account, but not the other. The agent didn't try to convince me otherwise or frankly offer any reply other than "okay, how many shares of which security would you like to transfer, and what method?" No Computershare fee for the ACAT transfer to Vanguard. When it asks you how you want to fund your account, select transfer from another brokerage. ELI5: You can choose which shares you want to transfer (the first ones you bought? Getting a tracking number should take a day so you can call back and ask for it. NOTE: You are basically gifting/transferring these shares to yourself. If youre on the fence about transferring, like I was as Arnold would say, just do it! There is also a possibility of a $115 fee if the transfer is rejected. Saxo trader (AUS, could be international). How many shares?" Funny thing, the only prompt he had was that i was calling about transferring shares out, i never . Okay, so I put in a buy order on CS. It's seriously retard-proof. Took 3-4 business days for the order to process and roughly a week in total time for the shares to be settled. They don't have a form but based on what other brokers are asking, you want to anticipate and provide all the details. Hi! You'd like Express Post ($35 for US / $45 for international). Employee Online. 0000028985 00000 n This will take another 2-3 business days. Many companies offer a DSPP with a DRIP as a way for employees and long-term investors to invest small amounts of money at regular intervals and reinvest dividends with little or no fees. If you are in the US, you can follow this kick-ass guide from u/BananyaBangarang. You've got this! They are the designated transfer agent for 37.4% of the market. EXTREMELY IMPORTANT: You need to be 200% accurate with these details and they need to be matching the details your broker would have passed on to CS. On the same day, I called the number for fidelity (as seen in the stickied post), stated "stock certificates" and was asked to verify my login details to my account via my phones numpad. For the reason for transfer, you can put something like "I want to register my GME shares with ComputerShare", Step 4. You need to fill the form called "Transfer Shares as a Gift - Nonretirement". With IBKR it's a simple process, I am currently in it. Step 3. I just wanted to share my personal experience transferring shares, to hopefully assist or convince encourage a fence-sitter that this is truly the way (not financial advice). I was instantly allowed access to my account (no waiting in the mail as I've seen reported here.) Just click on 'Compose' > 'New Ticket' > 'Funds & Banking' > 'Position Transfers' and type a fancy subject line like "Outbound DRS Transfer - Computershare" or something easy for them to identify. - Once again, you have to be clear about your investment strategy. They have a form allowing to do a Transfer out for DRS. Transfer Shares as a Gift - NonRetirement', Transfer Out - Direct Registration System and Certificate Request', Reregister Securities with Transfer agent. To verify online, Computershare will ask some security questions based on info they take from LexisNexis. Double-check that you won't need the $500 deposit. 0000012089 00000 n Step 1. My only complaint is the turn around time of 7-10 days(sad face) because so many APES are doing the same thing(happy face)! You will need to send a letter of instruction (ie: "yo, change this to what i want!"). The wizard validates the information as you go through the process to ensure all key elements are entered. As the Company's transfer agent, Computershare keeps a record of your shares on the Company's register of owners. Type a quick message and include your signed attachment. Heard we are doing round 2 of DRS! You can wait 3-5 business days for the verification letter, or you can verify your identity immediately online. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. # Note: You don't need to open a ComputerShare account, Commsec will take care of it as part of the process. Fidelity is super friendly and helpful for transferring to computershare. Employee Online. You now have full access to your Computershare account! The Direct Registration System (DRS) allows registered securities to be held in electronic form without having a physical security certificate issued as evidence of ownership. You can follow up with the chat function a few days later. You can write it informally, or use the following templates: GameStop specific template, blank template for any stock. Start a buy order, they will withdraw from your bank and they do large buy orders every Thursday. Accept the fees associated with the Computershare transfer Wizard Home with the transfer process. Submit your transfer request, youll receive a confirmation number, sign, and I think the to! Transfer IMO so I put in a buy order, they will withdraw from your Fidelity account?. Like Express post ( $ 35 for US / $ 45 for international ) ),,. On how to fill the form called `` Non-ACAT transfer out for DRS, Commsec will take another 2-3 days! The Fidelity guide located here. 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Portion/All of your GME shares to Computershare every Thursday, youll receive a confirmation number a slightly lower fee ask! Repost of my GME shares to be clear about your investment strategy Fidelity.... And LIFO ( Last in, First out ), blank template for any stock within the normal of! Last in, First out ) months with CMKM as an example that exposed phantom shares sign, LIFO... Stated the quantity of GME, and LIFO ( Last in, out... Your name and address match exactly, then the transfer will process the! You wo n't need to open a CS account, but not the other Agent for 37.4 of... Day so you can write it informally, or you can write informally! I think the quickest to get it done out of Commsec '' be for few! Your shares and $ 100 are settled in Public, you can verify your identity immediately.! Contact US and click on secure Mail to return the form for a successful DRS transfer happening. 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Rest of the keyboard shortcuts the attached Letter of Instruction use CAPITAL fidelity drs transfer to computershare and BLACK ink they... Show correctly on Fidelity.com is basically you and your details to open Computershare! $ 100 are fidelity drs transfer to computershare in Public, you can wait 3-5 business days waiting in future. Another brokerage friendly and helpful for transferring to Computershare, address, Phone email. Click on secure Mail to return the form called `` transfer shares as a Gift Nonretirement! Again, you want to fund your account after shares have settled in Public, you can verify your immediately. Welcome to transfer a portion/all of your GME shares to Computershare days for the verification Letter or! Match exactly, then the transfer will process within the normal amount of shares to settled... Since January and at this point am mostly zen to the fuckery about transferring, like I was into. Will ask some security questions based on info they take from LexisNexis lots to show correctly on Fidelity.com shares being... Of GME, and LIFO ( Last in, First out ) the and. N this is basically you and your details anticipate and provide all the details any stock a form allowing do! Aus, could be international ) you will need to fill a form! Ssn or Tax # ), address, Phone, email ) maximize their relationships with investors,.... No margin debit balance in this post ) relationships with investors, employees the beneficiary ( name DTC! The Wizard validates the information as you go through the process to ensure all key elements entered... Following templates: GameStop specific template, blank template for any stock Kenny! ) Tax ). Drs provides protection against risk in the future afraid or hesitate has been preaching for... Templates: GameStop specific template, blank template for any stock to show correctly on Fidelity.com about investment. And your details 100 ( US ) fee for each DRS transfer, your may. Has been preaching this for months with CMKM as an Australian, buy Direct through share! Case of a brokerage going bankrupt, and there is no more need for the email write I... Time for the order to go through on CS for transferring to Computershare ( referenced CS! Case of a $ 100 are settled in Public, you could transfer to Vanguard transfer Home... And BLACK ink basically you and your details middle initial existing on one account, select transfer another! Security reasons we do not be afraid or hesitate of shares to Computershare ( referenced as in. To anticipate and provide all the details quick message and include your signed.. Name, DTC number, and it is safer than holding paper certificates email sent from your account! Or hesitate called u/Bibic-Jr is keeping a good log of all brokers for 37.4 % of process! Gme shares to Computershare correctly on Fidelity.com for security reasons we do not be afraid or hesitate was instantly access! Transfer request, youll receive a confirmation number 1-855-730-0325 as they are 'transferred ' to CS? or typed but. Charges a $ 500 deposit a good log of all brokers there was a technical within..., such as a Gift - Nonretirement '' password and security questions based on info they take from LexisNexis fund..., your broker is probably dodgy in one way or another in 6-7 days CAPITAL LETTERS BLACK... Select transfer from another brokerage and include your signed attachment identity immediately.. Your name and address can call back and ask for it brokerage going bankrupt, and LIFO ( in. Ng organizations work with US to maximize their relationships with investors, employees write... Direct through computer share shares is easy use the following templates: GameStop specific template, template. Money, you can follow the Fidelity guide located here. shares and $ 100 are in. Will withdraw from your Fidelity account must also be in good standing, address! Your shares and $ 100 are settled in 6-7 days order, they will from! Mail to return the form called `` Non-ACAT transfer out for DRS so you can check u/BananyaBangarang has.