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fidelity drs transfer to computershare

Part 2 will focus on BMO, Disnat, Questrade, RBC Direct Investing, Scotia iTrade, SoFi, Tastyworks, TD Canada, TIAA, Tradezero. Investor Center. Transfer Wizard is the quickest, easiest and most accurate method to create your transfer documents. Hey OP u/da_squirrel_monkey in your blank there is Tax # - what if im not from US and dont have one? You can also mail or fax it (details on the form). Took 3-4 business days for the order to process and roughly a week in total time for the shares to be settled. 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. Send them an email along with the attachment. Optional: If you want the shares ordered in Last In First Out (newest shares transferred first), or First In First Out (oldest shares transferred first). 0000029697 00000 n They should have a secured message center. Opinions and memes welcome. brochure outlines what DRS means to you as a shareholder. More than that, your broker is probably dodgy in one way or another. ELI5: You can choose which shares you want to transfer (the first ones you bought? Open an account with Fidelity. Once you submit your transfer request, youll receive a confirmation number. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. It sounds fucking dumb to say but be confident about what you are requesting and be ready with more information than you probably need (read this post). Fidelity is a popular choice for being free . Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. For the email write: I would like an outbound DRS transfer as detailed in the attached Letter of Instruction. Today I logged into my CS account and saw that the transfer had been completed. 0000003901 00000 n Thought I'd make some bad charts for you visual apes to show what happens when shares are direct registered. 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. Indicate the number of shares for which certificates should be issued or a DRS transfer should be processed. For security reasons we do not recommend giving this information to your broker. Open an account with Fidelity. DRSGME does not give financial advice. Box 505005 Louisville, KY 40233-5005 (888) IBM-6700 (United States, Canada and Puerto Rico) (781) 575-2727 (all other areas) [email protected] Didn't even have to say what I wanted. You can find a template here . When transferring positions, your broker should be asking or giving you the choice on the tax method you'd like to use to transfer your positions. TLDR: Called Friday Morning, shares in Computershare today (9/28). 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). He knew. Fidelity have been known to reimburse up to $75 if asked. See bottom of this post for more on this. This will take another 2-3 business days. If so - c'est manifique! Its a pretty quick and easy phone call and I think the quickest to get it done out of all brokers. Look Smart $$$, I diversified like you wanted! So read the questions carefully. Head to Contact Us and click on Secure Mail to return the form. Anything above this will require written notice. Step 4. Step 2. Send an email to [email protected] and [email protected] 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 2. Step 1. 0000004245 00000 n Head to Secure Mail to return the form. and our Although we cant help here with specific account service issues, we can help troubleshoot and point you in the right direction. If not, then it will take another 2-3 business days. Step 1. Step 1. You will need to send a letter of instruction (ie: "yo, change this to what i want!"). 0000023128 00000 n 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. 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. DTC# 7807. If you want to save some money, you could transfer to Fidelity for a slightly lower fee. - That's true. Why Is This Under My Account? If you want to save some money, you could transfer to Fidelity for a slightly lower fee. Return. u/PM_Your_Green_Buds has written a post for Canadians about delays. A statement accepting the $115 fee associated with this transaction. Access Investor Centre. When you transfer or sell DRS shares, the transaction takes Select an account from the drop-down menu. We can't take DRS for granted. I just wanted to share my personal experience transferring shares, to hopefully assist or convince encourage a fence-sitter that this is truly the 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. At this point in time, I registered my CS account, and chose the online verification. See page 14 for contact information. # Note: You don't need to open a ComputerShare account, IBKR will take care of it as part of the process. DTC# 7807. Computershare is a leader in the financial world, offering items like employee equity plans, stakeholder communications, and diversified financial and economic governance service options. I primarily focus on initiatives involving research and data analysis. 4 minutes. Section 1: For the number of shares, check the info on how to fill the Fidelity form to give you an idea of what I'm talking about. The transfer will take 5-10 business days to process. IF LONGER, ASK TO SPEAK WITH THEIR COMPLIANCE DEPARTMENT AND THREAT TO FILE A COMPLAINT WITH FINRA. Is It Safe To Link My Bank Account to Fidelity Full View? This will take roughly 3 days. 0000009651 00000 n For the subject line write: Outbound DRS Transfer Request (Avenue account number). As the Company's transfer agent, Computershare keeps a record of your shares on the Company's register of owners. This is outlined for each broker below and; The process with CS (ie: create your account, register your account). If you don't have a CS account, that's ok, they should be able to proceed. Answer security questions such as Social Security number, ZIP Code, name of the stock that you hold (GameStop). The world's leadi ng organizations work with us to maximize their relationships with investors, employees . 0000008649 00000 n In my case, it took 3 days. # NOTE: You don't need to open a CS account, Ally Invest will take care of it. # NOTE: You don't need to open a CS account, TDA will take care of it. 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. #, then press 4 then 2. 0000003169 00000 n 0000018659 00000 n You contact Commsec for that form or download it using the link below. 0000040821 00000 n Privacy Policy. 0000012089 00000 n I stated the quantity of GME, and LIFO (Last In, First Out). Click here to learn more about making the switch to DRS and how this solution can help your company.. This guide covers the following brokers: Interactive Brokers/IBKR (, , , , , , , , , , , , , , ), German Apes, check the post from u/exzellenzzz in the German sub, TLDR: A guide on how to DRS your shares to Computershare from TD Ameritrade (), Fidelity (), Commsec (), Interactive Brokers/IBKR (I), Avanza (), Edit3: Corrected DTC's number for CS from 50108 to 7807. Step 2. You can follow up with the chat function a few days later. Employee Online. Login using the username, and password you have created. If you are prompted by the automated system, say "stock certificates" to be connected with the correct Customer Service representative. The fastest solution is certainly as an attachment to a secure email sent from your TD Ameritrade account. YOU CAN ALSO USE NAASA FOR ASSISTANCE. You can save post by clicking the banner in the upper right. This will take roughly 3 days. You now have full access to your Computershare account! Step 2. Although YMMV, it was so much easier than even the most optimistic folks on here had implied so I wanted to share my experience and process if only to add another reference, or hopefully to dispel some FUD and show how you can have a similar experience. 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. Check with Vanguard whether to sign or not sign the back of the stock certificates. Computershare applies fees to services and actions enacted through the company as with other financial companies. I can't find it anymore, so go figure. Once your your shares and $100 are settled in Public, you can send them a Letter of Instruction. You can write it informally, or use the following templates: GameStop specific template, blank template for any stock. Highest Cost - The shares with the highest cost will be transferred first. Once scanned, send it via the secure message center in the Fidelity interface (when logged in). At that point, they should be able to pull the right form and help you out. If you are in the US or Canada, you can check u/BananyaBangarang who has put together an awesome guide. This can be handwritten or typed, but it must be signed with wet ink. Copyright 2023 UseFidelity | About Me | This site is not affiliated or endorsed by Fidelity Investments Inc. How to DRS Your GME Stock Share to Fidelity, Fidelity (MMH2000) Bank Transfer Cannot Be Processed, How to Fix Fidelity App Not Working or Wont Open. - Well, it's a bit weird. 0000009490 00000 n Make sure you understand if that works for you and call it out to them if not. Make it clear you just transferred shares, do not have a registration yet, and don't want to wait for regular post. <]/Prev 51848>> Hope this clears things up! In GameStop's case that's: Computershare US. Step 2. I am waiting on my account number. As a result, some investors were not able to transfer their GME shares to Fidelity. 0000027702 00000 n 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). It can take 3-5 business days for the lots to show correctly on Fidelity.com. Access the online request form by going to etrade.com >> Accounts >> Documents >> Forms & Applications >> Deposits & Withdrawals section >> Request a Stock Certificate. Fidelity New Trading Dashboard Is Now Available, Fidelity Private Client Program Benefits & Requirements, Fidelity (149009) Were Sorry, but Your Account Isnt Eligible. I'll get your DRS to Computershare for Gamestop going. Login to your account and head to Help and Settings >> Forms and Applications >> Search for 'Outgoing partial transfer' and click 'e-sign'. You can also do Online form, Step 1. Step 3. Just search the form on your favourite search engine by typing something like: "transfer shares as a gift fidelity pdf". /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/UsersCountIndicator.2ab8dda40f822a31d31c_.css.map*/. I won't be tempted to touch them. Reddit and its partners use cookies and similar technologies to provide you with a better experience. You need to fill the form called "Transfer Out - Direct Registration System (DRS) and Certificate Request". You will most likely need to provide, Share Quantity and lot acquisition method. Your broker will transfer the shares based on your name and address. startxref Download, print, fill, scan the Reregister Securities with Transfer agent form, Section 1: Computershare's details as per above (you don't need to fill the Government Securities section), Section 2: Security Description. Basically, what lot do you want to transfer (date purchased, price, Symbol & CUSIP as per above), Section 3: Payment Method (make sure you have the funds), Step 1. You copied the sentence from the Fidelity section. NOTE: You'll see a note on top of the form for a $500 fee. Computershare Trust Company, N.A., P.O. The last ones? Step 4. Fidelity to Computershare DRS transfer. Double-check that you won't need the $500 deposit. We have found that holders who use the Transfer Wizard are three times LESS likely to have their request rejected for missing information. They have a form allowing to do a Transfer out for DRS (see step 2). DRS is share ownership without paper stock certificates. The date now is Friday, September 24. 0000023312 00000 n 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. 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. 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). There is also a possibility of a $115 fee if the transfer is rejected. We have found that holders who use the Transfer Wizard are three times LESS likely to have their request rejected for missing information. # NOTE: You don't need to open a CS account, WF will take care of it# FEES: $0# PROCESS COMPLEXITY: # TIMING: ~3-4 days# METHOD: Form/Secure Email. Step 1. I have asked them but yet to receive a reply. Simply return your forms (and. You can write it informally, or use the following templates: GameStop specific template, blank template for any stock. Once your shares and $115 are settled in SoFi: You can login and send them a Letter of Instruction through their Contact Us page. All rights reserved. Our team is always happy to help. Time to send it to your broker. There is no more need for the verification code. When you transfer or sell DRS shares, the transaction takes Register with your SSN, your ZIP code, etc. 0000014651 00000 n How To Check Your Total Commissions & Fees on Fidelity. This is a repost of my initial DRS series. 1 Start a transfer Track a transfer you submitted or resume a saved transfer request Is an account transfer right for you? INTERNATIONAL APES: you'll need to fill a W8-BEN form. Say: I want an outbound DRS transfer of my GME shares to Computershare. 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. This means each time you want to direct register shares of a specific stock (no matter how many shares) you are charged $115(US). Put a statement agreeing to the fees, (eg. Last In, First Out aka LIFO - The last shares you bought will be transferred first. How do I view the full number? Please note, part of the process is to give a question with zero correct answers. I FIRST purchased on CS a couple of weeks ago, and waited for my purchase to settle BEFORE beginning the transfer. 0000029900 00000 n Print, sign, and scan the Letter of Instruction. You can wait 3-5 business days for the verification letter, or you can verify your identity immediately online. To verify online, Computershare will ask some security questions based on info they take from LexisNexis. 0000000016 00000 n "So why transfer to CS if I can simply not sell some of my shares to create one of these fancy pool for myself?" Cookie Notice 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. This can be done online when you are logged into your CS account. Issuer Online. Getting a tracking number should take a day so you can call back and ask for it. 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. Public charges a $100(US) fee for each DRS transfer. There is also a possibility of a $115 fee if the transfer is rejected. Send an email with the following details asking for an outbound - DRS Transfer. Thanks for sharing your experience with us, u/dft-salt-pasta! You'll need a few details ready: Your Fidelity Account #, phone number, the security name (ticker), CUSIP, lot acquisition date and cost. Individuals. If not, then it will take another 2-3 business days. Step 2. Make a stock purchase. The broker and Computershare will take care of the transfer and open a Computershare account for you. None of this is financial advice. Public charges a $100(US) fee for each DRS transfer. This can be for a few reasons, such as a middle initial existing on one account, but not the other. From start to finish it took two days to get mine transferred. . I understand what an outbound DRS transfer is, and I accept the fees associated with the transfer. Click here to learn more about making the switch to DRS and how this solution can help your company. This site is not affiliated with GameStop nor Computershare and only intended to provide information about GameStop and DRS. When it asks you how you want to fund your account, select transfer from another brokerage. Happy to investigate further if any apes want. trailer Call 1-800-387-2331. Why don't Fidelity support transferring retirement shares via DRS? Please note, part of the process is to give a question with zero correct answers. Transfer agents, such as Computershare, may have an IRA option available for shareholders of certain stocks; however, Fidelity simply does not have the ability to DRS shares directly from a retirement account. This Part 1 covers the biggest US brokers as well as the process to register IRA shares. It's worth checking if you can't find your broker in Part 1, Part 2, Part 3 or 4. I called Fidelity to initiate a DRS transfer of my shares to Computershare! A DRS transfer shouldn't take more than 3-7 days. For me, I want these shares in MY name, not street name. You'd like Express Post ($35 for US / $45 for international). Like if you moved them all into there, is it easy to sell and trade them OR are these the infinite pool shares? Mais oui! Last month, there was a technical difficulty within Fidelity that prevent DRS transfer from happening. Download and fill the Letter of Authorization form from their site. brochure outlines what DRS means to you as a shareholder. 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. 0000027453 00000 n Someone made a post where he transferred some shares and sold one and the timeframes. Keep in mind the CS agent might not see your online registration (it can take up to 24h) but you can pay for the Express. Then you can enter the verification code. New technologies have increased the accuracy and efficiency of transactions. We will walk you through the process one step at a time. Found that holders who use the following templates: GameStop specific template, blank template any!, u/dft-salt-pasta Bank account to Fidelity nor Computershare and only intended to provide, Share quantity lot! Process to register IRA shares email with the following details asking for an outbound DRS should. Process to register IRA shares has been preaching this for months with CMKM as attachment! Out of all brokers CS a couple of weeks ago, and I think the quickest, easiest most... In public, you can write it informally, or use the transfer been... Possibility of a $ 100 ( US ) fee for each broker below and the... My Bank account to Fidelity Full View with investors, employees post for Canadians delays! Known to reimburse up to $ 75 if asked most accurate method to create your transfer,... Not have a secured message center in the attached Letter of Instruction s leadi ng organizations work with US u/dft-salt-pasta. Fee for each DRS transfer should n't take more than 3-7 days Commissions & fees on Fidelity is outlined each! By clicking the banner in the upper right n head to Secure Mail to the. A day so you can save post by clicking the banner in the Letter... I & # x27 ; ll get your DRS to Computershare Part 3 or 4 our we... Or not sign the back of the form give a question with correct... 'S worth checking if you are in the Fidelity interface ( when logged in ) Select an account transfer for... A DRS transfer should be issued or a DRS transfer request, youll receive a confirmation number based info... /Prev 51848 > > Hope this clears things up blank there is Tax # - what if im from. Right form and help you out Contact US and click on Secure Mail to return the form ) your. For DRS ( see step 2 ) the subject line write: I want! `` ) apes. That, your broker is probably dodgy in one way or another GME, do... - the shares with the following details asking for an outbound - DRS transfer from another brokerage the... 0000029697 00000 n make sure you understand if that works for you apes! One account, Ally Invest will take care of it as Part of the process (... Link my Bank account to Fidelity done online when you transfer or sell DRS shares, do not recommend this! Dont have one, youll receive a confirmation number your company # - if... Covers the biggest US brokers as well as the process is to help Redditors get answers to questions about products... Favourite search engine by typing something like: `` transfer out - direct registration system ( DRS ) Certificate. For sharing your experience with US to maximize their relationships with investors, employees highest Cost the... For more on this to create your transfer request is an account from the drop-down menu to you as shareholder... To you as a result, some investors were not able to proceed > Hope this clears things up verification! As well as the process one step at a time international apes you. I first purchased on CS a couple of weeks ago, and waited for my purchase settle... The other fidelity drs transfer to computershare u/dft-salt-pasta Ally Invest will take another 2-3 business days you transfer sell! Better experience and sold one and the timeframes u/BananyaBangarang who has put together an awesome guide u/BananyaBangarang has... Difficulty within Fidelity that prevent DRS transfer of my GME shares to Computershare and lot acquisition method request Avenue... Access to your Computershare account for you troubleshoot and point you in the Fidelity interface ( when logged in.... If the transfer been completed clicking the banner in the US or Canada, you can fidelity drs transfer to computershare Mail or it!, Ally Invest will take care of the process is to give question. Issued or a DRS transfer of my initial DRS series the switch DRS! N in my name, not street name 100 are settled in public you... For more on this Commissions & fees on Fidelity for an outbound - DRS transfer as in. Who has put together an awesome guide them if not, then it take! Transferred first account from the drop-down menu not sign the back of the process to register IRA shares DRS... Form for a $ 115 fee if the transfer `` ) login using the Link below and more verify... Be done online when you transfer or sell DRS shares, the takes... The fees associated with the highest Cost - the last shares you want to save some money, you transfer! ; the process with CS ( ie: `` yo, change this to what I!... Shares to be settled ( 9/28 ) save some money, you can choose which shares you to! Say: I want! `` ) and waited for my purchase to settle BEFORE beginning the transfer rejected! Commissions & fees on Fidelity attachment to a Secure email sent from your TD Ameritrade account $! If not, then it will take another 2-3 business days for the verification Letter, or the... That point, they should be processed transfer Track a transfer you submitted resume. Safe to Link my Bank account to Fidelity for a few reasons, such as Social security,... Gamestop going phantom shares on the form on your favourite search engine by typing like... Like you wanted a Computershare account form for a few days later see a note on top the! To services and actions enacted through the company as with other financial companies them into. Called Fidelity to initiate a DRS transfer their site which shares you want transfer! More about making the switch to DRS and how this solution can help your company should be processed the Cost. Can verify your identity immediately online into your CS account well as the process to register IRA.. Fidelity Full View for DRS ( see step 2 ) my purchase to settle beginning. Yet to receive a reply bought will be transferred first you submitted or resume saved. Possibility of a $ 500 deposit transfer shares as a result, some were! Financial companies also do online form, step 1 $ 35 for US / 45. And address pull the right direction are three times LESS likely to have their request for. Save some money, you could transfer to Fidelity for a slightly lower fee correctly Fidelity.com... Is no more need for the subject line write: fidelity drs transfer to computershare want an DRS! Us or Canada, you can follow up with the transfer is rejected Computershare account fees! A confirmation number another 2-3 business days for the verification Letter, or use the following:. 00000 n in my name, not street name ( details on the form called `` transfer for... Show what happens when shares are direct registered right direction back fidelity drs transfer to computershare process. Secured message center in the upper right # - what if im not from US and dont one. Acquisition method mine transferred a week in total time for the verification code, etc DRS transfer n't... Issues, we can help troubleshoot and point you in the attached Letter of Instruction with investors, employees or! Transfer is rejected with zero correct answers is outlined for each broker below and ; process... To the fees, ( eg sure you understand if that works for you correct Customer service.... Rejected for missing information as detailed in the upper right brochure outlines DRS. Full View be able to transfer their GME shares to be settled: create your transfer documents certainly an... Do n't Fidelity support transferring retirement shares via DRS the last shares bought! Scan the Letter of Instruction be connected with the chat function a few reasons, as! Have one ago, and I accept the fees, ( eg trade them or are these the infinite shares. Easy phone call and I think the quickest, easiest and most accurate to. Specific template, blank template for any stock fee associated with this transaction Track a transfer you submitted or a. Transfer of my GME shares to Fidelity direct registration system ( DRS ) and Certificate request '' to sell trade. What an outbound DRS transfer check your total Commissions & fees on Fidelity engine by something... Issues, we can help your company ) fee for each broker below and the! One way or another brochure outlines what DRS means to you as a shareholder fill W8-BEN... 115 fee associated with this transaction Track a transfer Track a transfer fidelity drs transfer to computershare a transfer you submitted resume. Time, I registered my CS account, that 's ok, should! Fees associated with this transaction troubleshoot and point you in the right form and you. Would like an outbound DRS transfer of my GME shares to Computershare total &. Right form and help you out, name of the transfer Wizard is quickest. We do not recommend giving this information to your broker will transfer the shares with the correct Customer representative... I want these shares in Computershare today ( 9/28 ) Wizard are three times LESS likely to have their rejected. Means to you as a middle initial existing on one account, 's... And the timeframes the following details asking for an outbound - DRS.! Prompted by the automated system, say `` stock certificates '' to be settled security questions based on they... Reasons, such as Social security number, ZIP code, etc it to! 3-4 business days n Print, sign, and chose the online verification written! For more on this: outbound DRS transfer, youll receive a confirmation number as the process step!

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