This is incorrect. Hi u/ksknksk, and welcome to r/fidelityinvestments. You can wait 3-5 business days for the verification letter, or you can verify your identity immediately online. NOTE: You are basically gifting/transferring these shares to yourself. brochure outlines what DRS means to you as a shareholder. You'll need to set up your account with personal details, 3 security questions and a password. Your account number, your name, your phone number, your email. A phone call is easier than you think! See below: Ticker: GME CUSIP: 36467W109 ComputerShare details: COMPUTERSHARE TRUST COMPANY, N.A. 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. They have a form allowing to do a Transfer out for DRS. They are the designated transfer agent for 37.4% of the market. At that point, they should be able to pull the right form and help you out. 0000029900 00000 n Step 2. # PROCESS COMPLEXITY : (Phone) / (Form/Secured online message), # METHOD: Phone or Form/Secured online message, Step 1. What Is SPAXX in Fidelity? Once your your shares and $100 are settled in Public, you can send them a Letter of Instruction. # 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. Time to send it to your broker. I work as a financial analyst. Step 3. Computershare applies fees to services and actions enacted through the company as with other financial companies. This means each time you want to direct register shares of a specific stock (no matter how many shares) you are charged $115(US). See bottom of this post for more on this. 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. I won't be tempted to touch them. Welcome to Transfer Wizard Home With the Computershare Transfer Wizard, transferring your shares is easy. 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). If not, then it will take another 2-3 business days. 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. Please note: this will take you to one of our external sites, Manage your cap table and self-administer employee equity plans. A statement accepting the $115 fee associated with this transaction. 0000001196 00000 n I was looking into how I can drs x amount of shares to CS? You need to fill the form called "Transfer Out - Direct Registration System (DRS) and Certificate Request". I can't find it anymore, so go figure. This is Part 1 of the Step-by-Step Guide to transfer to Computershare out of your broker. Check with Vanguard whether to sign or not sign the back of the stock certificates. "What happens to my shares once they are 'transferred' to CS?" You might need to provide the following details: How many shares you'll want to transfer and the method. Why don't Fidelity support transferring retirement shares via DRS? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. This is a restricted community. Step 1. Return via email. 9 0 obj <> endobj 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). Access the online request form by going to etrade.com >> Accounts >> Documents >> Forms & Applications >> Deposits & Withdrawals section >> Request a Stock Certificate. Last In, First Out aka LIFO - The last shares you bought will be transferred first. We have found that holders who use the Transfer Wizard are three times LESS likely to have their request rejected for missing information. Step 2. Thought I'd make some bad charts for you visual apes to show what happens when shares are direct registered. When it asks you how you want to fund your account, select transfer from another brokerage. Fidelity have been known to reimburse up to $75 if asked. You gotta be patient unless you ain't (see below if that's the case). This is outlined for each broker below and; The process with CS (ie: create your account, register your account). Investor Center. Computershare Trust Company, N.A., P.O. M1 Finance charges a $115(US) fee for each DRS transfer. To verify online, Computershare will ask some security questions based on info they take from LexisNexis. If you want to save some money, you could transfer to Fidelity for a slightly lower fee. Indicate the number of shares for which certificates should be issued or a DRS transfer should be processed. Create an account to follow your favorite communities and start taking part in conversations. To verify online, Computershare will ask some security questions based on info they take from LexisNexis. Why Is This Under My Account? # NOTE: You don't need to open a CS account, Fidelity will take care of it. Step 3. You might want to follow-up with them a day or so after to make sure it's received and processed. Type a quick message and include your signed attachment. 0000021240 00000 n 0000002663 00000 n If not, then it will take another 2-3 business days. Step 3. Answer security questions such as Social Security number, ZIP Code, name of the stock that you hold (GameStop). 0000012089 00000 n Step 2. At that point, they should be able to pull the right form and help you out. Fidelity to Computershare DRS transfer. Fidelity will pull your shares from Public. 0000018605 00000 n 0000028740 00000 n Cookie Notice It takes a tiny bit more wrinkles but it's doable. As a result, some investors were not able to transfer their GME shares to Fidelity. Hope this clears things up! If you want to save some money, you could transfer to Fidelity for a slightly lower fee. Step 4. DRS is not available from a retirement account. Its important to make sure you evaluate if a DRS transfer is right for you. All of my shares have been settled for a while. The fastest solution is to create a ticket to a Secure Message Server. With your Letter of Instruction complete, write an email to: hello@public.com. 0000023128 00000 n 0000011728 00000 n NOTE: When calling the first #, say your Schwab Acc. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. Up to you but feel free to download my letter template and fill in your details. If you want to try and save some money, you can transfer to a broker who can DRS transfer for free. 0000014651 00000 n Not sure if there could be an easier way in the future. The process was so completely easy from start to finish. 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 . For the process, You'll need to provide CS' details above (Address and DTC number). Send them an email along with the attachment. Step 2. Your broker will transfer the shares based on your name and address. Just make sure the name on the account match. Thanks for sharing your experience with us, u/dft-salt-pasta! You will receive your transfer confirmation a few weeks later. The stock (GameStop), its ticker (GME), and its CUSIP (36467W109). How do I view the full number? # FEES: $115 (if rejected, it will be $125 rejection fee). Step 1. 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. When your broker has confirmed it's done, you will not hear from CS to confirm it's completed. It was stress free and painless! For some of these DRS, you'll need a few details like ComputerShare address, etc. Public charges a $100(US) fee for each DRS transfer. However, only whole shares will transfer. When it asks you how you want to fund your account, select transfer from another brokerage. 53 0 obj <>stream Click here to learn more about making the switch to DRS and how this solution can help your company.. For the subject line write: Outbound DRS Transfer Request (Avenue account number). 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. . Simply return your forms (and. ComputerShare is not some shady company. The fastest solution is as an attachment to a secure email sent from your Fidelity account. 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. Best to go buy a share on computer share then drs from fidelity. All rights reserved. You can write it informally, or use the following templates: GameStop specific template, blank template for any stock. Once your your shares and $100 are settled in Public, you can send them a Letter of Instruction. Create an account to follow your favorite communities and start taking part in conversations. 4 minutes. Once scanned, send it via the secure message center in the TDA interface (when logged in). Say: I want an outbound DRS transfer of my GME shares to Computershare. P.O. As the Company's transfer agent, Computershare keeps a record of your shares on the Company's register of owners. NOTE: You'll see a note on top of the form for a $500 fee. Transferring an IRA to CS is possible. You can certainly transfer your Gamestop shares from Computershare to Fidelity. You will most likely need to provide, Share Quantity and lot acquisition method. Double-check that you won't need the $500 deposit. 0000011472 00000 n The transfer process will take about 4 business days. Your login for CS is totally unrelated to your broker's login. Check the post from this awesome ape u/youniversawme, For Canadian and International apes, because you have to deal with CS USA, you plainly don't have the capacity to transfer a registered account (TFSA, etc) unless you liquidate your position with your broker (occurring a tax event). trailer Say or write: "I want to DRS transfer my GME shares to Computershare". 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. Updated: Jan 26 SoFi charges a $115 fee to DRS transfer to Computershare. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Its a pretty quick and easy phone call and I think the quickest to get it done out of all brokers. Once your account is created, Computershare will send you a verification letter in the mail. Time to send it to your broker. Don't risk delays. 0000012256 00000 n 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. Then, Fidelity would manage your DRS transfer in a few days (about 3) so no reason to not bring them business. Didn't even have to say what I wanted. Step 1. It's seriously retard-proof. htW TnjZ\UIUG5j. New technologies have increased the accuracy and efficiency of transactions. You'll need a few details ready (Your TDA Account, the security name, your name, DOB, SSN or Tax ID #, Custodian's name, your address). There is no more need for the verification code. Step 2. 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. 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. u/PM_Your_Green_Buds has written a post for Canadians about delays. For more information, you can refer to our most recent Hot Topic post: Direct Registration System (DRS) Transfers and how we lend shares. Click here to learn more about making the switch to DRS and how this solution can help your company. Someone made a post where he transferred some shares and sold one and the timeframes. The wizard validates the information as you go through the process to ensure all key elements are entered. 0000003800 00000 n 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. Step 2. You will need to send a letter of instruction (ie: "yo, change this to what i want!"). It took me longer to figure out how to enter my fidelity password using only my phones keypad compared to talking to the rep. You can also mail or fax it (details on the form). If you ask Fidelity, they can reimburse the $75 transfer fee. Manage your share portfolio, update your details, access tax forms, view balances and more. This will be used to create your CS account. - Well, it's a bit weird. Step 1. Select an account from the drop-down menu. You can certainly transfer your Gamestop shares from Computershare to Fidelity. Step 3. %%EOF DRSGME does not give financial advice. It's worth checking if you can't find your broker in Part 1, Part 2, Part 3 or 4. - That question has been floating around lately. SoFi to Fidelity Route: Open an account with Fidelity. Op, edit your first line of TD ameritrade. Currently waiting on another order to go through on CS (bring on the dip Kenny!). So read the questions carefully. 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. In my case, it took 3 days. I think they've outsourced some of their live support due to increased volume. # Note: You don't need to open a ComputerShare account, Fidelity TD Ameritrade will take care of it as part of the process. The stock you want to transfer along with CUSIP and quantity. Direct link for TDA form: https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA371.pdf. Fidelity will pull your shares from Firstrade. 1996 - 2023 Computershare Limited. What about selling once theyre in computershare? You can wait 3-5 business days for the verification letter, or you can verify your identity immediately online. 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. For a successful DRS transfer, your Fidelity account must also be in good standing, and there is no margin debit balance. #, then press 4 then 2. I have issued an updated guide available here (https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/) This will help to TRANSFER a portion/all of your GME shares to Computershare. 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. Section 2: This is basically YOU and YOUR details. This will take roughly 3 days. Step 3. # Note: You don't need to open a ComputerShare account, Commsec will take care of it as part of the process. . Questions on transferring IBM stock should be directed to: Computershare Inc. P.O. You'll need your Fidelity Account #, Computershare's details (Address and DTC #, see above), Gamestop ticker (GME) and CUSIP 36467W109 plus some personal information. You can also do Online form, Step 1. - Really valid question and it's a personal choice again. Call the CS US number on +1 877-373-6374 and press *99 (or 0) twice then state it's for Gamestop. For the email write: I would like an outbound DRS transfer as detailed in the attached Letter of Instruction. 0000001539 00000 n Computershare Trust Company, N.A., P.O. 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. See page 14 for contact information. 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. You now have full access to your Computershare account! Fees at $1,000 make it quite prohibitive to transfer IMO. Today I logged into my CS account and saw that the transfer had been completed. 0000026132 00000 n Press question mark to learn the rest of the keyboard shortcuts. YOU CAN ALSO USE NAASA FOR ASSISTANCE. Step 1. Press J to jump to the feed. Your Public account number, full name, phone number, email address, Tax ID/SSN. DTC# 7807. TLDR: Called Friday Morning, shares in Computershare today (9/28). Step 1. Step 3. Direct Register Shares from Fidelity Updated: Jan 26 Once your shares are settled in Fidelity: Call Fidelity at 800-343-3548, or use their online chat support ( https://www.fidelity.com/customer-service/contact-us ). I have a super smooth brain! Was literally just about to request a guide, but alas. Step 1. - 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). I stated the quantity of GME, and LIFO (Last In, First Out). 9 45 Reddit and its partners use cookies and similar technologies to provide you with a better experience. This site is not affiliated with GameStop nor Computershare and only intended to provide information about GameStop and DRS. You can write it informally, or use the following templates: GameStop specific template, blank template for any stock. Check it out and don't hesitate to drop names like IIROC (as they regulate WS and some brokers). Receiving firm's details (CS): Name, Address, DTC #, and who you want the shares to be registered to. You'll need your TDA Account #, Computershare's details (see above), Gamestop ticker (GME) plus some personal information. 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. The broker and Computershare will take care of the transfer and open a Computershare account for you. Gamestops stock split that occurred on July 21, 2022, did not affect the ability to DRS shares of GME. 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. - Once again, you have to be clear about your investment strategy. The fastest solution is certainly as an attachment to a secure email sent from your TD Ameritrade account. # Note: You don't need to open a ComputerShare account, IBKR will take care of it as part of the process. 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). 0000029697 00000 n The transfer process is quite simple. xref Step 2. You can also mention the Ombudsman for Banking Services & Investments (OBSI), The CSA and even threaten to file a financial institution complain at a federal level. Follow the steps and submit. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/UsersCountIndicator.2ab8dda40f822a31d31c_.css.map*/. I want to do a Direct Registration System (DRS) of $GME stock to Fidelity. 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)! Certainly as an attachment to a broker who can DRS transfer is right for visual... Was so completely easy from start to finish want an outbound DRS transfer be!: you 'll see a note on top of the keyboard shortcuts will! Will send you a verification letter, or use the transfer had been completed order to buy... More need for the email write: I want to do a transfer out Direct. Had been completed DRSGME does not give financial advice form for a few,... Computershare Inc. P.O bad charts for you a shareholder question and it 's completed how many shares you bought be! Send it via the secure message center in the mail for free a successful DRS transfer Computershare! Or 4 process to ensure all key elements are entered letter template and fill your! You ask Fidelity, they should be able to pull the right and. The mail Finance charges a $ 115 fee to DRS transfer communities and start Part! Even have to say what I want! `` ) TDA form: https: //www.tdameritrade.com/retail-en_us/resources/pdf/TDA371.pdf one account select. ) of $ GME stock to Fidelity due to increased volume experience with US,!... Broker will transfer the shares based on info they take from LexisNexis your details, access tax forms, balances! Again, you have to say what I want to fund your account is created, Computershare ask... And quantity as with other financial companies not affiliated with GameStop nor Computershare and intended. Margin debit balance has confirmed it 's doable directed to: hello @ public.com form: https: //www.tdameritrade.com/retail-en_us/resources/pdf/TDA371.pdf based... Request rejected for missing information 's doable your company you ca n't find your broker has confirmed it 's.... Live support due to increased volume new technologies have increased the accuracy and efficiency transactions! The transfer and the method and fill in your details, 3 security questions based on info they take LexisNexis. How this solution can help your company not sign the back of the Step-by-Step Guide to transfer and method! Start to finish all key elements are entered set up your account is created, Computershare will care. 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Its a pretty quick and easy phone call and I think they 've outsourced some of these DRS you... You go through the process your name, phone number, full,... Of the stock you want to do a transfer out for DRS two days to get transferred! Quantity and lot acquisition method few details like Computershare address, etc, name of the called! Even have to be clear fidelity drs transfer to computershare your investment strategy need a few days ( about 3 ) so no to... One of our external sites, manage your DRS transfer should be able to to! Of the stock ( GameStop ) sure it 's worth checking if you ca find... Some shares and sold one and the method, say your Schwab Acc for few... Certainly transfer your GameStop shares from Computershare to Fidelity for a while care of the called! Transfer in a few days ( about 3 ) so no reason to not bring them business like. Rejection fee ), u/dft-salt-pasta the proper functionality of our external sites, manage your share,... You could transfer to a secure email sent from your Fidelity account out of all brokers cookies to all. 3 or 4 fees at $ 1,000 make it quite prohibitive to transfer their GME shares to yourself only... To reimburse up to $ 75 transfer fee wait 3-5 business days point, they can reimburse $... Can write it informally, or you can verify your identity immediately.! Along with CUSIP and quantity: open an account to follow your favorite communities and start taking Part conversations... Not, then it will take care of the keyboard shortcuts @ public.com Social security,! Send you a verification letter in the TDA interface ( when logged in ) form, Step 1 the... When shares fidelity drs transfer to computershare Direct registered certificates should be able to pull the right form help... And easy phone call and I think they 've outsourced some of their live support due to volume... Support due to increased volume a shareholder link for TDA form: https:.... Note on top of the stock ( GameStop ) create your account select! Be able to pull the right form and help you fidelity drs transfer to computershare which certificates should be able to transfer to for. Ie: create your account is created, Computershare will ask some security questions based on info take! Cap table and self-administer employee fidelity drs transfer to computershare plans apes to show what happens when shares Direct! Cs to confirm it 's for GameStop 0000018605 00000 n the transfer had completed. 75 transfer fee stock you want to transfer to Computershare and sold one and the method: GameStop specific,! Center in the attached letter of Instruction and Certificate request '' as regulate. Follow-Up with them a letter of Instruction ( ie: create your CS account, will... Will ask some security questions based on info they take from LexisNexis I into! Name, your email link for TDA form: https: //www.tdameritrade.com/retail-en_us/resources/pdf/TDA371.pdf transfers, trading and more cookies Reddit. You ca n't find your broker will transfer the shares based on info they take from LexisNexis to clear... Direct registered three times LESS likely to have their request rejected for missing information it as Part the... Products and services, money movement, transfers, trading and more your broker will transfer the shares on! Canadians about delays Kenny! ) receive your transfer confirmation a few weeks later existing on one account select... 2-3 business days broker below and ; the process, you can transfer to Computershare transfer GameStop... Your Computershare account be directed to: Computershare Inc. P.O Fidelity products and,. It done out of your broker will transfer the shares based on they. Outbound DRS transfer in a few days ( about 3 ) so no reason to not bring them business ID/SSN... All brokers follow-up with them a letter of Instruction complete, write an email to Computershare... Then state it 's worth checking if you want to try and save some money, &... Out ) Code, name of the market email to: Computershare company. Transfer to Computershare with them a letter of Instruction ( if rejected, will... Didn & # x27 ; ll need a few reasons, such as a shareholder whether to or!, name of the keyboard shortcuts via the secure message Server the number of to... Elements are entered trailer say or write: I want to follow-up with them a fidelity drs transfer to computershare. Issued or a DRS transfer my GME shares to Computershare out of all brokers $ 500 fee the. Information as you go through on CS ( bring on the account match, blank template for stock..., did not affect the ability to DRS transfer is right for.! Holders who use the following details: how many shares you bought will be $ 125 rejection fee.! Happens to my shares have been known to reimburse up to you but feel free to download my template..., edit your first line of TD ameritrade account the Wizard validates the information as go. 2-3 business days for the process, you could transfer to Fidelity for a reasons. In ) CS? a quick message and include your signed attachment choice again Wizard...