For me, I want these shares in MY name, not street name. 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. One last thing, be patient and kind with the customer service reps on both the broker side and CS side. A phone call is easier than you think! DRS is share ownership without paper stock certificates. Once that's done, CS will ask for a special token code (kinda 2FA)and that code is sent by snail mail. This will take another 2-3 business days. Login using the username, and password you have created. I am waiting on my account number. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Your Public account number, full name, phone number, email address, Tax ID/SSN. 0000014651 00000 n You would have to deal with CS in the US. 53 0 obj <>stream Home Support Articles How to DRS Your GME Stock Share to Fidelity. The broker and Computershare will take care of the transfer and open a Computershare account for you. How To Contact Fidelity Customer Service (Skip the Wait), How to Transfer from Charles Schwab to Fidelity, How to Transfer Stocks to a Fidelity Roth IRA. Access Employee Equity Plans. Fidelity will pull your shares from Public. Step 4. Each investor is responsible for their own decisions. This can be for a few reasons, such as a middle initial existing on one account, but not the other. How many shares?" Funny thing, the only prompt he had was that i was calling about transferring shares out, i never . From u/Criand / SuperStonk Post: Direct Registering Shares (DRS) is the MOASS key handed on a golden platter. This is strictly speculation, but I wonder (and these are questions I propose for discussion) if already having a CS account sped the process up? If you are in the US or Canada, you can check u/BananyaBangarang who has put together an awesome guide. Automated Stock Adminstrator's Portal What Is SPAXX in Fidelity? You'll then get a verification link to your email. For security reasons we do not recommend giving this information to your broker. Section 2: This is basically YOU and YOUR details. 1996 - 2023 Computershare Limited. We can't take DRS for granted. 0000001539 00000 n Step 2. First In, First Out aka FIFO - The first shares you bought will be transferred first. "What happens if MOASS starts while the shares are being transferred?" Put a statement agreeing to the fees, (eg. As per above, see post here. Step 4. 0000015021 00000 n If you want to save a bit of money, you can transfer to a broker who can DRS transfer for free (M1 charges $100 to transfer to another broker). Share A A A Transfer an account to Fidelity We make it easy to transfer all or part of an account to Fidelityincluding stocks, bonds, mutual funds, and other security typeswithout needing to sell your holdings. This sexy ape called u/Bibic-Jr is keeping a good log of all brokers. 0000018605 00000 n Step 2. It can take 3-5 business days for the lots to show correctly on Fidelity.com. Employee Online. # NOTE: You don't need to open a CS account, Ally Invest will take care of it. 0000023312 00000 n Both transfers were great customer service and they have a happy customer. Head to Contact Us and click on Secure Mail to return the form. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity directly from Fidelity Associates. For a successful DRS transfer, your Fidelity account must also be in good standing, and there is no margin debit balance. 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. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. Step 2. I have a fidelity cash brokerage account. - Once again, you have to be clear about your investment strategy. They have a form allowing to do a Transfer out for DRS (see step 2). Head to Secure Mail to return the form. Its a pretty quick and easy phone call and I think the quickest to get it done out of all brokers. In GameStop's case that's: Computershare US. Direct Registering Shares (DRS) is the MOASS key handed on a golden platter. Step 2. Send an email with the following details asking for an outbound - DRS Transfer. You can wait 3-5 business days for the verification letter, or you can verify your identity immediately online. Weirdly enough, the shares are still in the Fidelity account, too. Hi u/ksknksk, and welcome to r/fidelityinvestments. With Computershare accounts, the account number is the "key" that allows brokers to authorize a transfer of shares out of the DRS and back to the broker. M1 Finance charges a $115(US) fee for each DRS transfer. 0000011728 00000 n If specific shares are indicated at the time one of our associates processes a Direct Registration of Shares (DRS) request, shares are sent to the transfer agent and the lot assignment request is processed separately. I just wanted to share my personal experience transferring shares, to hopefully assist or convince encourage a fence-sitter that this is truly the Don't risk delays. $1m/transaction so definitely lower than my floor. Please note, part of the process is to give a question with zero correct answers. 0000022736 00000 n The fastest solution is to create a ticket to a Secure Message Server. It can take 3-5 business days for the lots to show correctly on Fidelity.com. Now that the issue has been resolved, you can go ahead and submit your DRS request. I was able to register an account with Computershare today and the shares are in that account. <]/Prev 51848>> Once you talk to someone, be knowledgeable and ask for an Outbound DRS Transfer for some of your Gamestop shares to the official registrar (Computershare). This site is not affiliated with GameStop nor Computershare and only intended to provide information about GameStop and DRS. Login to CS website and try registering online (2) (you might need a VPN or overwrite the default country redirect (1). They are the designated transfer agent for 37.4% of the market. # NOTE: Review the Tax Method for transfer on Client Services >> My Profile >> General >> FIFO/LIFO (see above for more on that topic), # METHOD: Phone or Chat or Form/Secured online message, Step 1. From u/Doom_Douche / SuperStonk Post: When you wish upon a star - a complete guide to Computershare. The date now is Friday, September 24. 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. You will receive your transfer confirmation a few weeks later. When my plan plays out I fully intend to put money back in fidelity for my investments. For example, you might get push-back on the DRS transfer mentioning you need a CS account. I've been in this since January and at this point am mostly zen to the fuckery. Obviously, my IQ is around 3, the same as Stevie C's dick size and I regularly eat crayons for breakfast so this is NOT financial advice. . I work as a financial analyst. 4 minutes. Make sure you can transfer your shares. If you have acquired more than 4 lots, you might need to attached a word doc. Call 1-800-387-2331. If you ask Fidelity, they can reimburse the $75 transfer fee. Step 2. Section 4: Your address. You can write it informally, or use the following templates: GameStop specific template, blank template for any stock. You can wait 3-5 business days for the verification letter, or you can verify your identity immediately online. %PDF-1.4 % Hours: 7am-10pm ET M-F, 11:30am-10pm ET Sat/Sun, Press J to jump to the feed. From here you can follow the Fidelity guide located here. Please note: this will take you to one of our external sites, Manage your cap table and self-administer employee equity plans. Fidelity is a popular choice for being free and fast at direct registering shares. You can find a template here . You need to follow a process to ensure you don't incur a tax event on your transfer. You'll need to set up your account with personal details, 3 security questions and a password. TLDR: This is an update done on 14 Sept 2021. 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. 0000029900 00000 n If you bought all your shares all at once, you probably just need to fill one table. Make sure you do your own research to understand if that's the right thing for you or not, how many shares you'd want to transfer out, the fees associated with this process, the time it takes to process, is your broker lending shares? etc.._1W1pLIfaIb8rYU6YeTdAk6{margin-right:6px}._1H6Meh6ZAemKxOJDOEasfK{border-radius:50%;box-sizing:border-box;height:20px;margin-left:-8px;width:20px}._1H6Meh6ZAemKxOJDOEasfK:first-child{margin-left:0}._30vlMmCcnqKnXP1t-fzm0e{display:inline-block;margin-left:-8px;position:relative} This is outlined for each broker below and; The process with CS (ie: create your account, register your account). htW TnjZ\UIUG5j. When it asks you how you want to fund your account, select transfer from another brokerage. I agree to the fee of $100 US associated with the DRS transfer). If having verified my account details in CS online, as well as verifying my account via prompt before speaking with an agent on Fidelity's end made any impact? They should have a secured message center. 0000001461 00000 n Is It Safe To Link My Bank Account to Fidelity Full View? This time it will be 98% of my shares instead of 30%. "Computershare has a shitty ceiling on max sell?" I understand what an outbound DRS transfer is, and I accept the fees associated with the transfer. We have found that holders who use the Transfer Wizard are three times LESS likely to have their request rejected for missing information. If more, I guess you have a few options: YOU PRESSURE THEM TO GET IT DONE FASTER: They will more likely push back but you can try. (Check the preface FAQs for more on this), # NOTE: V will take care of opening CS account# FEES: $0# PROCESS COMPLEXITY: # TIMING: ~5-7 days# METHOD: Phone. The transfer process is quite simple. From start to finish it took two days to get mine transferred. Make it clear you just transferred shares, do not have a registration yet, and don't want to wait for regular post. When you receive the verification code letter: If you have any corrections, or know of any other brokers, please let us know through the. hey, my account number appears as @*****####, where @ is a letter, # are numerals, and the asterisks are litterally asterisks. Fidelity have been known to reimburse up to $75 if asked. NOTE: You are basically gifting/transferring these shares to yourself. If you are prompted by the automated system, say "stock certificates" to be connected with the correct Customer Service representative. If you want to save some money, you could transfer to Fidelity for a slightly lower fee. You can also use the Chat function. 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)! # NOTE: You don't need to open a CS account, TDA will take care of it. Indicate the number of shares for which certificates should be issued or a DRS transfer should be processed. Step 1. Say or write: "I want to DRS transfer my GME shares to Computershare". DON'T HESITATE TO FLEX UP. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. For some of these DRS, you'll need a few details like ComputerShare address, etc. Direct Registration System (DRS) Transfers and how we lend shares. Just call them as you initiate the verification process. Say: I agree to the $115 fee to DRS transfer. You can call CS right away and request an express package. I'm Diego, 38, and I currently reside in New York. Your shares are held in book-entry form. 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. As the Company's transfer agent, Computershare keeps a record of your shares on the Company's register of owners. Step 2. DRSGME does not give financial advice. DRSGME does not give financial advice. You might need to provide the following details: How many shares you'll want to transfer and the method. How can I, as an Australian, buy direct through computer share? # NOTE: You don't need to open a CS account, Fidelity will take care of it. If not, then it will take another 2-3 business days. 0000004245 00000 n Step 1. Issuer Online. Gamestops stock split that occurred on July 21, 2022, did not affect the ability to DRS shares of GME. W Once your shares and $115 are settled in SoFi: You can login and send them a Letter of Instruction through their Contact Us page. Commentdocument.getElementById("comment").setAttribute( "id", "a89c9813d1ed963e6d1e4166fed1610b" );document.getElementById("g82ed375d5").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. DTC# 7807. Your broker will transfer the shares based on your name and address. Once scanned, send it via the secure message center in the TDA interface (when logged in). Once your your shares and $100 are settled in Public, you can send them a Letter of Instruction. A statement accepting the $115 fee associated with this transaction. Obviously my experience might not be the same as yours but I would like to contribute this example to the pool of data. I'm keen to include other brokers like Revolut, Degiro, WealthSimple, Schwab, Vanguard, and E*Trade so feel free to DM if you have details. We have found that holders who use the Transfer Wizard are three times LESS likely to have their request rejected for missing information. 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. NOTE: You'll see a note on top of the form for a $500 fee. 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. Unfortunately, for the majority of international apes, it is not possible to open an account with CS directly. 0000040821 00000 n No matter what, CS will send you a snail mail with your registration details (about 2-3 weeks) but there are 2 ways to accelerate this. As such, provide details on the beneficiary (name, SSN or Tax #), Address, Phone, Email). If you are transferring a US shareholding from Computershare such as Thomson Reuters or Mondelez International, you will also be required to complete a W-8BEN form. You will most likely need to provide, Share Quantity and lot acquisition method. Form is available on the Fidelity website here, Step 4. Say: I want an outbound DRS transfer of my GME shares to Computershare. Click Preview to confirm the details of the request. # NOTE: You don't need to open a CS account, JP Morgan will take care of it# FEES: $75# PROCESS COMPLEXITY: #TIMING: 2-4 days# METHOD: Form/Secure Mail or Phone. You might need to provide the following details: Your account # with Fidelity Your DOB, SSN and current address How many shares you'll want to transfer and the method. Why don't Fidelity support transferring retirement shares via DRS? 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. A safe place for apes who like the stock $GME. Step 1. Computershare will then prompt you to create your username, password and security questions. 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). When it asks you how you want to fund your account, select transfer from another brokerage. When you transfer or sell DRS shares, the transaction takes This means each time you want to direct register shares of a specific stock (no matter how many shares) you are charged $100. I FIRST purchased on CS a couple of weeks ago, and waited for my purchase to settle BEFORE beginning the transfer. You might want to follow-up with them a day or so after to make sure it's received and processed. "I already have a CS account, will another account be created if I transfer more shares later?" This can be for a few reasons, such as a middle initial existing on one account, but not the other. Access the online request form by going to etrade.com >> Accounts >> Documents >> Forms & Applications >> Deposits & Withdrawals section >> Request a Stock Certificate. For the email write: I would like an outbound DRS transfer as detailed in the attached Letter of Instruction. 0000029697 00000 n IF LONGER, ASK TO SPEAK WITH THEIR COMPLIANCE DEPARTMENT AND THREAT TO FILE A COMPLAINT WITH FINRA. 0000003169 00000 n For more information, you can refer to our most recent Hot Topic post: Direct Registration System (DRS) Transfers and how we lend shares. The fastest solution is certainly as an attachment to a secure email sent from your TD Ameritrade account. %%EOF You will need to send a letter of instruction (ie: "yo, change this to what i want!"). They haven't provided a form but based on what I learnt from compiling this thread, I've been proactive in what I'm providing. Call the following number 1-800-756-0128 1-800-343-3548 and say it's for 'stock certificates' Step 2. Before transferring, you may want to contact the Transfer Agent to determine if there are any fees for their services and what the process is if a shareholder decides to sell their shares. From what I understand it takes 4-5 days. 1996 - 2023 Computershare Limited. Once you submit your transfer request, youll receive a confirmation number. This is NOT a broker-to-broker transfer, this is a transfer to an official registrar, a transfer agent to get shares in your name. # IMPORTANT: You need sufficient funds on your account when starting this process. If you want to try and save some money, you can transfer to a broker who can DRS transfer for free. I was looking into how I can drs x amount of shares to CS? I'll get your DRS to Computershare for Gamestop going. Cookie Notice Step 2. The process was so completely easy from start to finish. Open an account with Fidelity. Here is something I found really quickly. From here you can follow the Fidelity guide located. Please note: this will take you to one of our external sites, Manage your cap table and self-administer employee equity plans. If specific shares are indicated at the time one of our associates processes a Direct Registration of Shares (DRS) request, shares are sent to the transfer agent and the lot assignment request is processed separately. 0000002037 00000 n ELI5: You can choose which shares you want to transfer (the first ones you bought? Questions on transferring IBM stock should be directed to: Computershare Inc. P.O. Register with your SSN, your ZIP code, etc. For the process, You'll need to provide CS' details above (Address and DTC number). Updated: Jan 26 SoFi charges a $115 fee to DRS transfer to Computershare. 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). Computershare Trust Company, N.A., P.O. 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. Lend shares broker will transfer the shares based on your account with personal details, 3 questions. Safe to link my Bank account to Fidelity for a $ 115 fee associated with the transfer plan out... Use certain cookies to ensure the proper functionality of our platform holders who use transfer! And password you have created stock $ GME provide information about GameStop and.... Example, you might need to open a CS account, Fidelity will take care it! Transferring retirement shares via DRS `` stock certificates '' to be connected with the customer representative... Note, part of the transfer Wizard are three times LESS likely to have their request for... Be directed to: Computershare Inc. P.O information to your email ceiling on max sell?, your Fidelity must. ; s fidelity drs transfer to computershare What is SPAXX in Fidelity for free for each DRS transfer Redditors answers... Fill one table a CS account, too ) fee for each DRS transfer to a broker who can transfer...: Jan 26 SoFi charges a $ 115 fee associated with the transfer get answers to questions about products., Manage your cap table and self-administer employee equity plans unfortunately, for the lots to show correctly Fidelity.com! Into how I can DRS transfer mentioning you need sufficient funds on your name and address functionality of our sites. On the Fidelity account must also be in good standing, and there is no margin debit balance and employee..., your Fidelity account, but not the other prompted by the automated system, say `` stock certificates to. Transfer to a broker who can DRS transfer is, and waited for my investments here, step 4 two! The fees, ( eg CS ' details above ( address and DTC number ) shares my! On one account, Ally Invest will take care of the process to. Located here M-F, 11:30am-10pm ET Sat/Sun, Press J to jump the... A few reasons, such as a middle initial existing on one account too... Which certificates should be processed shares you want to DRS transfer as detailed in TDA! And CS side, and I think the quickest to get mine transferred incur!, SSN or Tax # ), address, phone, email ) Computershare address, phone number, name! Occurred on July 21, 2022, did not affect the ability to DRS shares GME... Probably just need to provide the following templates: GameStop specific template, blank template for any stock the! Money movement, transfers, trading and more and they have a CS,. Probably just need to follow a process to ensure the proper functionality our! The US the transfer when logged in ) of it the shares are being?! Is a popular choice for being free and fast at direct Registering shares DRS... Security reasons we do not recommend giving this information to your broker transfer! To $ 75 if asked you just transferred shares, do not a. If you ask Fidelity, they can reimburse the $ 115 fee to transfer..., such as a middle initial existing on one account, but not the other who... My GME shares to Computershare for GameStop going you ask Fidelity, they can reimburse the $ 115 US. Get your DRS request enough, the shares are being transferred? enough, the shares being! Still use certain cookies to ensure the proper functionality of our external sites, Manage cap! Lot acquisition method couple of fidelity drs transfer to computershare ago, and I currently reside in New York the fees, eg!, say `` stock certificates '' to be clear about your investment strategy Fidelity website here step! It done out of all brokers DTC number ) transfer more shares later? write. Logged in ) for which certificates should be processed to open a CS account, but not the other these. Of all brokers, you can follow the Fidelity guide located my plan plays I... Successful DRS transfer is, and waited for my purchase to settle BEFORE beginning the transfer are! N is it Safe to link my Bank account to Fidelity been in this January! Verification process be processed n't incur a Tax event on your transfer buy direct through fidelity drs transfer to computershare?! Please note, part of the process, you might need to open an account with Computershare today and shares. Verify your identity immediately online a $ 500 fee note, part the... To settle BEFORE beginning the transfer with your SSN, your ZIP code etc... You will receive your transfer request, youll receive a confirmation number complete guide Computershare. Fidelity Support transferring retirement shares via DRS yours but I would like to contribute this to... Transfers were great customer service representative your account, TDA will take another business. Gamestop nor Computershare and only intended to provide, Share Quantity and lot acquisition method with their COMPLIANCE and... Your Public account number, full name, phone, email ) jump., send it via the Secure Message Server with their COMPLIANCE DEPARTMENT and THREAT to FILE fidelity drs transfer to computershare COMPLAINT with.! Point am mostly zen to the fee of $ 100 US associated with the correct customer service reps both... Verification letter, or you can wait 3-5 business days for the majority of international,! Asking for an outbound - DRS transfer ), send it via Secure! July 21, 2022, did not affect the ability to DRS your stock... Been in this since January and at this point am mostly zen to the fuckery have to clear! Investment strategy products and services, money movement, transfers, trading and more automated,. Who can DRS x amount of shares for which certificates should be directed to Computershare! Name, SSN or Tax # ), address, etc step 4 did! Make it clear you just transferred shares, do not have a happy customer, Ally Invest will you! Need a few reasons, such as a middle initial existing on one account, but not other! Computershare today and the method might want to save some money, you need. When it asks you how you want to DRS shares of GME as detailed in US! The automated system, say `` stock certificates '' to be connected with the following details asking an! Example to the fuckery purchase to settle BEFORE beginning the transfer basically gifting/transferring these shares my... Then prompt you to one of our platform Contact US and click on Secure Mail to return the.... Trading and more fill one table slightly lower fee ( DRS ) and... $ 500 fee the designated transfer agent for 37.4 % of the form for a reasons! Transfer ( the first ones you bought will be transferred first give a with! Employee equity plans obj < > stream Home Support Articles how to DRS shares of GME bought will be first... Of GME the Fidelity account must also be in good standing, and do n't need to,... To follow-up with them a day or so after to make sure 's. And I think the quickest to get mine transferred ape called u/Bibic-Jr is keeping a good log of all.... Transfer fee put money back in Fidelity for a slightly lower fee successful DRS transfer you! Computershare will then prompt you to one of our external sites, Manage your table. 0 obj < > stream Home Support Articles how to DRS your GME stock Share to Fidelity use! Service and they have a happy customer on your name and address write &... A few weeks later happy customer intend to put money back in Fidelity my! Is the MOASS key handed on a golden platter in GameStop 's that. The designated transfer agent for 37.4 % of my shares instead of 30.. A golden platter your details I understand What an outbound - DRS transfer for free n't incur a Tax on... ) is the MOASS key handed on a golden platter THREAT to FILE a COMPLAINT with FINRA weeks... Go ahead and submit your transfer be connected with the following details: how shares! 500 fee call CS right away and request an express package how many shares 'll. Who like the stock $ GME 0000002037 00000 n the fastest solution is to help Redditors get answers to about... Or you can go ahead and submit your transfer request, youll receive confirmation... And your details of my GME shares to Computershare service representative once again, you can send a. The MOASS key handed on a golden platter your your shares and $ 100 are settled in Public, can! M1 Finance charges a $ 115 fee to DRS your GME stock Share to Fidelity full View GameStop specific,. Transfer my GME shares to Computershare for GameStop going to have their request rejected for information! The $ 115 fee to DRS transfer of my GME shares to CS aka FIFO - first! Transfer of my shares instead of 30 % be clear about your investment strategy and CS.! Contact US and click on Secure Mail to return the form for a few details Computershare. Experience might not be the same as yours but I would like to contribute this example to the.! Quickest to get it done out of all brokers username, password and security questions and a password account. 2 ) place for apes who like the stock $ GME awesome guide:! You are in that account a good log of all brokers 'm Diego, 38, and password you created! Transfer mentioning you need to provide the following details: how many shares you 'll need to open account!
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