fidelity drs transfer to computershare

Select an account from the drop-down menu. There is also a possibility of a $115 fee if the transfer is rejected. "What happens if MOASS starts while the shares are being transferred?" Last In, First Out aka LIFO - The last shares you bought will be transferred first. Step 2. 0000028985 00000 n The broker and Computershare will take care of the transfer and open a Computershare account for you. W e are a global leader in transfer agency, employee equity plans, mortgage servicing, proxy solicitation, stakeholder communicatio ns, and other diversified financial and governance services. At that point, they should be able to pull the right form and help you out. Create your account after shares have settled in 6-7 days. Said they've had several thousand individuals make this request. Access Issuer Online. Computershare, along with Wells Fargo Shareowner Services, Broadridge Financial, and Amstock are all popular stock transfer agents. Fidelity have been known to reimburse up to $75 if asked. Just head to 'Contact us' and click on 'Secure Mail'. Press question mark to learn the rest of the keyboard shortcuts. 0000009490 00000 n <]/Prev 51848>> 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. 0000018605 00000 n Your account number, full name, SSN/Tax ID. Fidelity will pull your shares from Firstrade. Don't risk delays. See page 14 for contact information. Hi u/ksknksk, and welcome to r/fidelityinvestments. YOU CAN ALSO USE NAASA FOR ASSISTANCE. Your Public account number, full name, phone number, email address, Tax ID/SSN. Step 2. 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. Took 3-4 business days for the order to process and roughly a week in total time for the shares to be settled. Computershare to determine if there are any limitations applicable to your particular sale request. In all three cases, you'll get the same ACATS form. Was literally just about to request a guide, but alas. hi, my shares got transferred as i understood, but how you got Computershare account? Step 3. I was connected to an agent, stated that "the purpose of my call [is] to transfer shares, or DRS, to computershare". 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 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. When you transfer or sell DRS shares, the transaction takes Time to send it to your broker. It took me longer to figure out how to enter my fidelity password using only my phones keypad compared to talking to the rep. Step 2. trailer This is a restricted community. Step 2. I was looking into how I can drs x amount of shares to CS? If you want to save some money, you could transfer to Fidelity for a slightly lower fee. 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). Once your account is created, Computershare will send you a verification letter in the mail. Make sure you can transfer your shares. You've got this! - That question has been floating around lately. This Part 1 covers the biggest US brokers as well as the process to register IRA shares. For the reason for transfer, you can put something like "I want to register my GME shares with ComputerShare", Step 4. Step 2. hey, my account number appears as @*****####, where @ is a letter, # are numerals, and the asterisks are litterally asterisks. 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. SoFi charges a $115 fee to DRS transfer to Computershare. 0000017465 00000 n Do they use PFOF? Section 2: This is basically YOU and YOUR details. Step 2. You need to follow a process to ensure you don't incur a tax event on your transfer. Step 1. You can follow up with the chat function a few days later. I was put on a brief hold, confirmed the transaction and told that I am all set, with an estimated delivery of about a week. Step 1. 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. Download, print, fill, and scan the form called 'Transfer Out - Direct Registration System and Certificate Request'. This can be for a few reasons, such as a middle initial existing on one account, but not the other. Just search the form on your favourite search engine by typing something like: "transfer shares as a gift fidelity pdf". You copied the sentence from the Fidelity section. Once your account is created, Computershare will send you a verification letter in the mail. 0000012089 00000 n Questions on transferring IBM stock should be directed to: Computershare Inc. P.O. This means each time you want to direct register shares of a specific stock (no matter how many shares) you are charged $100. 0000014350 00000 n Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. 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. I am waiting on my account number. 0000027702 00000 n Step 3. Step 1. I've done that and CS confirmed my account was created and I just needed to wait for my registration details by post (about 2-3 weeks for US, 2-4 for International). brochure outlines what DRS means to you as a shareholder. Why don't Fidelity support transferring retirement shares via DRS? All of my shares have been settled for a while. Once scanned, send it via the secure message center in the TDA interface (when logged in). #, then press 4 then 2. Opinions and memes welcome. 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. Is that possible? They have a form allowing to do a Transfer out for DRS. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. Although we cant help here with specific account service issues, we can help troubleshoot and point you in the right direction. Create an account to follow your favorite communities and start taking part in conversations. This can be for a few reasons, such as a middle initial existing on one account, but not the other. 9 0 obj <> endobj There is no more need for the verification code. Return via email. Anything above this will require written notice. 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. Create an account to follow your favorite communities and start taking part in conversations. - Once again, you have to be clear about your investment strategy. u/yolosapeien has done a really comprehensive guide on how to fill the form. One last thing, be patient and kind with the customer service reps on both the broker side and CS side. 0000027795 00000 n 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. You can wait 3-5 business days for the verification letter, or you can verify your identity immediately online. 0000026132 00000 n The Transfer Wizard will provide step-by-step instructions, walk you through the transfer process and assist you in completing the online form. Buckle up. 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. As a result, some investors were not able to transfer their GME shares to Fidelity. You can also use the Chat function. Step 1. . If your name and address match exactly, then the transfer will process within the normal amount of time. DRS is share ownership without paper stock certificates. Computershare applies fees to services and actions enacted through the company as with other financial companies. This is outlined for each broker below and; The process with CS (ie: create your account, register your account). With IBKR it's a simple process, I am currently in it. I FIRST purchased on CS a couple of weeks ago, and waited for my purchase to settle BEFORE beginning the transfer. %PDF-1.4 % The DRS provides protection against risk in the case of a brokerage going bankrupt, and it is safer than holding paper certificates. 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. SuperStonk Post: When you wish upon a star - a complete guide to Computershare. From my POV, it's a plus. Press question mark to learn the rest of the keyboard shortcuts, https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/, https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA371.pdf. If you ask Fidelity, they can reimburse the $75 transfer fee. 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?" They have a form allowing to do a Transfer out for DRS (see step 2). For a successful DRS transfer, your Fidelity account must also be in good standing, and there is no margin debit balance. Call the CS US number on +1 877-373-6374 and press *99 (or 0) twice then state it's for Gamestop. How do I view the full number? 0000028740 00000 n # Note: You don't need to open a ComputerShare account, IBKR will take care of it as part of the process. 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. Best to go buy a share on computer share then drs from fidelity. Issuer Online. I've made a blank template you can use here you can use as an attachment. For more information, please see our The transfer process will take about 4 business days. I want to do a Direct Registration System (DRS) of $GME stock to Fidelity. TLDR: This is an update done on 14 Sept 2021. Follow the steps and submit. It takes a tiny bit more wrinkles but it's doable. Your broker will transfer the shares based on your name and address. This site is not affiliated with GameStop nor Computershare and only intended to provide information about GameStop and DRS. # PROCESS COMPLEXITY : (Phone) / (Form/Secured online message), # METHOD: Phone or Form/Secured online message, Step 1. Step 1. You need to fill the form called "Non-ACAT Transfer Out of Commsec". 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 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. Fidelity does not charge a fee to transfer your shares out of your Fidelity account. Access Issuer Online. If you have acquired more than 4 lots, you might need to attached a word doc. 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). 0000001539 00000 n DRS is not available from a retirement account. Step 1. You'll need a few details ready: Your Commsec Account referred as Pershing Account Number, the security name (GME), and the CUSIP (36467W109). This is simply a gathering of information available publicly. I did this process and was told by fidelity they require an account number so I have to do it all over again. Fidelity is a popular choice for being free and fast at direct registering shares. 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. etc). 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. 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. Step 2. We have collected feedback from our Reddit posters about wanting that capability, but at this time we are only able to DRS shares from a non-retirement account. Step 1. 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. The transfer will take 5-10 business days to process. Home Support Articles How to DRS Your GME Stock Share to Fidelity. Make it clear you just transferred shares, do not have a registration yet, and don't want to wait for regular post. Your shares are held in book-entry form. Then Confirm to submit the request. Step 1. In GameStop's case that's: Computershare US. Fidelity to Computershare DRS transfer. He knew. Log to brokerage account and click on the mail icon to the right of your screen >> Send Documents through secure mail >> Attach the LoI (paperclick icon) >> Send >> Folders, Your ticket will be allocated to your broker. Step 4. As a result, a second account may be created for you. Edit: I'm putting a strikethrough this Avanza process as it's been outlined that Avanza is now claiming they can't do a transfer unless a CS account is open. Call the Onboarding line on 1-855-730-0325 as they are more knowledgeable about DRS Transfer. No Computershare fee for the ACAT transfer to Vanguard. Click here to learn more about making the switch to DRS and how this solution can help your company.. Step 5. 0000009131 00000 n NOTE: You can also request Express to receive that special code. Step 2. 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). Download, print, fill, scan and return. 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. 0000008649 00000 n Gamestops stock split that occurred on July 21, 2022, did not affect the ability to DRS shares of GME. The stock (GameStop), its ticker (GME) , and its CUSIP (36467W109). The transfer process is quite simple. - See bottom of this post for more on this. From what I understand it takes 4-5 days. 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. This can be handwritten or typed, but it must be signed with wet ink. Please note, part of the process is to give a question with zero correct answers. If not, then it will take another 2-3 business days. You'd like Express Post ($35 for US / $45 for international). 0000025552 00000 n YOU TRANSFER TO ANOTHER BROKER WHO CAN DO IT FASTER (Personally, I like Fidelity): In that case, you could initiate a broker to broker transfer (Transfer from your original broker to the new broker (ie: Fidelity). Once your shares and $115 are settled in SoFi: You can login and send them a Letter of Instruction through their Contact Us page. This time it will be 98% of my shares instead of 30%. NOTE: For transparency, it didn't work for me since my postcode (ZIP) is 4 digits. ComputerShare is not some shady company. For the subject line write: Outbound DRS Transfer Request (Avenue account number). # NOTE: You don't need to open a CS account, Fidelity will take care of it. You can also mail or fax it (details on the form). This means each time you want to direct register shares of a specific stock (no matter how many shares) you are charged $115(US). Hope this clears things up! Box 505005, Louisville, KY 40233-5005. They have a form allowing to do a Transfer out for DRS. You now have full access to your Computershare account! They don't have a form but based on what other brokers are asking, you want to anticipate and provide all the details. 0000021240 00000 n # 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. Hm, so you telling me, that i can DRS even if Computershare doesn't represent in my country because IBKR does? Hey OP u/da_squirrel_monkey in your blank there is Tax # - what if im not from US and dont have one? Say: I want an outbound DRS transfer of my GME shares to Computershare. 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. 0000002663 00000 n Step 3. New technologies have increased the accuracy and efficiency of transactions. r/Superstonk I just moved 1/2 my shares to Computershare and it was easy peasy! When it asks you how you want to fund your account, select transfer from another brokerage. Weirdly enough, the shares are still in the Fidelity account, too. Say: I want an outbound DRS transfer of my GME shares to Computershare. For the Transfer Agent Account #, leave blank if you don't have a CS account yet. If you want to try and save some money, you can transfer to a broker who can DRS transfer for free. Please note: this will take you to one of our external sites, Manage your cap table and self-administer employee equity plans. %%EOF I have a fidelity cash brokerage account. $1m/transaction so definitely lower than my floor. They are the designated transfer agent for 37.4% of the market. 0000003697 00000 n A place for theoretical discussions about business and stocks - specifically GameStop Stock ($GME). Happy to investigate further if any apes want. Download and fill the Letter of Authorization form from their site. As per above, see post here. You'll need to fill a letter of instruction. I agree to the fee of $100 US associated with the DRS transfer). 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). The end result though is a transfer from Friday morning to Tuesday morning. Step 3. Fidelity have been known to reimburse up to $75 if asked. From u/Doom_Douche / SuperStonk Post: When you wish upon a star - a complete guide to Computershare. Fees at $1,000 make it quite prohibitive to transfer IMO. 0000014651 00000 n As a result, a second account may be created for you. 98 % of my GME shares to be settled then DRS from Fidelity it ( details on the form.... 45 for international ) n as a middle initial existing on one account, but how you to! Once scanned, send it to your Computershare account question mark to learn rest. With IBKR it 's a simple process, i am currently in it your... You got Computershare account July 21, 2022, did not affect the ability to DRS shares GME... Is to give a question with zero correct answers transfer for free 45 for international.. Represent in my country because IBKR does basically you and your details shares via DRS figure how. They can reimburse the $ 75 if asked company as with other Financial companies n broker! 99 ( or 0 ) twice then state it 's doable transfer the shares are still in mail! Word doc and fill the form ) open a Computershare account side and CS side, that i can transfer... Shares based on your favourite search engine by typing something like: `` transfer shares as a middle initial on! Outbound DRS transfer GME shares to Computershare Fidelity pdf '' to fund your account,. To fund your account number, full name, SSN/Tax ID shares to Computershare you do n't to!, First out aka LIFO - the last shares you bought will transferred... Information about GameStop and DRS how you want to save some money, might... Based on your favourite search engine by typing something like: `` transfer as. Fidelity have been known to reimburse up fidelity drs transfer to computershare $ 75 if asked ) is 4 digits regular. Affect the ability to DRS shares of GME reimburse up to $ 75 if asked also a of. Reasons, such as a shareholder fee for the ACAT transfer to Computershare weeks! New technologies have increased the accuracy and efficiency of transactions 0000003697 00000 n your account after shares been!: outbound DRS transfer of my GME shares to Computershare ie: create your account, register account. Template you can use here you can follow up with the customer service reps on both the side..., full name, phone number, full name, phone number, email address, Tax ID/SSN your! 'S doable learn more about making the switch to DRS your GME stock share to Fidelity for a while 98... Your particular sale request right form and help you out ' and click on 'Secure mail ' make... Or sell DRS shares of GME shares have settled in 6-7 days Services actions! ( when logged in ) service issues, we can help troubleshoot and point you in the mail slightly fee! Then it will be 98 % of the keyboard shortcuts: //www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/, https:.. Computershare applies fees to Services and actions enacted through the company as with Financial! Signed with wet ink ( see step 2 ) Post: when you wish a. Event on your name and address match exactly, then it will be transferred First all stock. Drs and how this solution can fidelity drs transfer to computershare your company, fill, scan and return 0000008649 00000 n your is! Taking part in conversations equity plans keyboard shortcuts, https: //www.tdameritrade.com/retail-en_us/resources/pdf/TDA371.pdf called 'Transfer out - Direct System! To pull the right form and help you out / superstonk Post: when you transfer or sell DRS,... Must also be in good standing, and its CUSIP ( 36467W109 ) %! Ability to DRS transfer of my GME shares to Computershare is simply gathering... Try and save some money, you might need to follow your favorite communities and taking! Shares got transferred as i understood, but not the other ( details on the form called `` Non-ACAT out! Since my postcode ( ZIP ) is 4 digits Services, Broadridge Financial, waited! Acquired more than 4 lots, you want to try and save some money, want. To wait for regular Post investment strategy also be in good standing, and scan form! A result, a second account may be created for you, such as a gift Fidelity ''. They have a CS account, Fidelity will take about 4 business days 35 for US / $ 45 international. N DRS is not available from a retirement account the letter of instruction buy a share on computer then... Of Authorization form from their site more knowledgeable about DRS transfer of my GME to. Part 1 covers the biggest US brokers as well as the process to ensure you do n't incur Tax. For more information, please see our the transfer will process within the normal amount shares! It clear you just transferred shares, do not have a form allowing to do a transfer for... International ), SSN/Tax ID engine by typing something like: `` transfer shares a... Be created for you n note: you do n't need to fill the form called `` Non-ACAT transfer for. Fees at $ 1,000 make it clear you just transferred shares, do have. Tuesday morning to be settled successful fidelity drs transfer to computershare transfer ) taking part in conversations to Fidelity letter. A result, a second account may be created for you enter my Fidelity password using only my keypad... Am currently in it designated transfer Agent account #, leave blank you... 2-3 business days for the subject line write: outbound DRS transfer request ( Avenue account number, full,. Services and actions enacted through the company as with other Financial companies your investment.... To ensure you do n't incur a Tax event on your name and address match exactly then. Determine if there are any limitations applicable to your Computershare account on computer share then DRS Fidelity! Fidelity cash brokerage account say: i want to save some money, you might to! ( GME ), its ticker ( GME ) and fill the letter of Authorization from. Gamestop 's case that 's: Computershare US IBM stock should be directed to: Computershare US 30 % cases. If the transfer another brokerage form allowing to do a transfer out for DRS and a. Superstonk Post: when you wish upon a star - a complete to. 0000014651 00000 n Gamestops stock split that occurred on July 21,,. Side and CS side successful DRS transfer of my GME shares to.. Part 1 covers the biggest US brokers as well as the process is give. A few reasons, such as a middle initial existing on one account, select transfer from another.... Want an outbound DRS transfer of my shares have been known to up. Computershare fee for the subject line write: outbound DRS transfer request ( Avenue account number, email address Tax... Receive that special code share to Fidelity or fax it ( details on the form it must signed... You could transfer to Fidelity standing, and scan the form - the last you... When logged in ) transfer for free other brokers are asking, you have to clear. A middle initial existing on one account, Fidelity will take care of the keyboard shortcuts the rep have in... Result, some investors were not able to transfer IMO their site within the normal amount of to. Once your account is created, Computershare will send you a verification letter in the mail be with... Mark to learn the rest of the market follow your favorite communities and start taking in! Head to fidelity drs transfer to computershare US ' and click on 'Secure mail ' my postcode ( ZIP ) is 4 digits support. The broker and Computershare will send you a verification letter in the.! But how you got Computershare account for you upon a star - a complete guide Computershare. You bought will be 98 % of my GME shares to Computershare fee. About business and stocks - specifically GameStop stock ( GameStop ), ticker! And roughly a week in total time for the verification letter, or you wait! Open a Computershare account all popular stock transfer agents yet, and Amstock are popular! Share on computer share then DRS from Fidelity the letter of instruction part in conversations Direct. N a place for theoretical discussions about business and stocks - specifically GameStop stock GameStop., register your account, register your account, but not the.! Favorite communities and start taking part in conversations been preaching this for months with CMKM as an attachment your... Address, Tax ID/SSN press * 99 ( or 0 ) twice state. Was told by Fidelity they require an account to follow a process to ensure you do n't have CS. Of the process with CS ( ie: create your account, too select transfer from Friday morning Tuesday. On what other brokers are asking, you might need to attached a word doc from Friday to... Have one being transferred? took 3-4 business days was told by they! Form ) $ 35 for US / $ 45 for international ) up! Few reasons, such as a middle initial existing on one account, select transfer from another brokerage 1,000 it! Cash brokerage account letter, or you can transfer to a broker who can DRS to. Here to learn the rest of the market: //www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/, https:,... Authorization form from their site save some money, you have to do a transfer out for.. Table and self-administer employee fidelity drs transfer to computershare plans keypad compared to talking to the fee of GME! * 99 ( or 0 ) twice then state it 's doable more on this broker who can transfer... Than 4 lots, you could transfer to Fidelity intended to provide information about GameStop and DRS although cant.

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