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# NOTE: You don't need to open a CS account, Merril Edge should take care of it, # NOTE: Form is set for an automatic First in, First out. Computershare will then prompt you to create your username, password and security questions. Step 2. ComputerShare is not some shady company. Access Issuer Online. Login to CS website and try registering online (2) (you might need a VPN or overwrite the default country redirect (1). Home Support Articles How to DRS Your GME Stock Share to Fidelity. 0000027795 00000 n
This will take roughly 3 days. You gotta be patient unless you ain't (see below if that's the case). Said they've had several thousand individuals make this request. 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. 0
In my case, it took another 1-2 days. 0000009131 00000 n
Once your shares and $115 are settled in SoFi: You can login and send them a Letter of Instruction through their Contact Us page. You need to fill the form called "Non-ACAT Transfer Out of Commsec". Chat Method - Start a 'Ask TED' chat and ask for an Outbound DRS Transfer or call 1-800-652-4584 and request to talk to someone for an Outbound DRS Transfer. It can take 3-5 business days for the lots to show correctly on Fidelity.com. As a result, some investors were not able to transfer their GME shares to Fidelity. Last month, there was a technical difficulty within Fidelity that prevent DRS transfer from happening. 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. Step 1. Direct Registration System (DRS) Transfers and how we lend shares. 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. This can be for a few reasons, such as a middle initial existing on one account, but not the other. First In, First Out aka FIFO - The first shares you bought will be transferred first. Last In, First Out aka LIFO - The last shares you bought will be transferred first. Our team is always happy to help. Box 505005, Louisville, KY 40233-5005. The fastest solution is as an attachment to a secure email sent from your Fidelity account. Section 4: Your address. Each investor is responsible for their own decisions. This is a repost of my initial DRS series. Computershare, along with Wells Fargo Shareowner Services, Broadridge Financial, and Amstock are all popular stock transfer agents. 0000021240 00000 n
At this point in time, I registered my CS account, and chose the online verification. If you are prompted by the automated system, say "stock certificates" to be connected with the correct Customer Service representative. Fidelity have been known to reimburse up to $75 if asked. 0000029318 00000 n
All rights reserved. "What happens to my shares once they are 'transferred' to CS?" I understand what an outbound DRS transfer is, and I accept the fees associated with the transfer. You can also do Online form, Step 1. For the Transfer Agent Account #, leave blank if you don't have a CS account yet. Mais oui! The transfer process is quite simple. Rep will submit the request/form to their "Outgoing Transfer Specialist", # NOTE: You don't need to open a CS account, WB will take care of it, # IMPORTANT 2: Double/Triple check your shares are not lent. 0000017465 00000 n
Return. I have asked them but yet to receive a reply. This time it will be 98% of my shares instead of 30%. Updated: Jan 26 SoFi charges a $115 fee to DRS transfer to Computershare. Part 2 will focus on BMO, Disnat, Questrade, RBC Direct Investing, Scotia iTrade, SoFi, Tastyworks, TD Canada, TIAA, Tradezero. -SMRT. Your broker will transfer the shares based on your name and address. You now have full access to your Computershare account! Opinions and memes welcome. The Transfer Wizard will provide step-by-step instructions, walk you through the transfer process and assist you in completing the online form. You would have to deal with CS in the US. 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). Create an account to follow your favorite communities and start taking part in conversations. In my case, it took 3 days. Please note: this will take you to one of our external sites, Manage your cap table and self-administer employee equity plans. I stated the quantity of GME, and LIFO (Last In, First Out). BOX 505000 LOUISVILLE, KY 40233-5000 COMPUTERSHARE'S DTC NUMBER: 7807 ----------------- Fidelity (US) 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. Box 505005 Louisville, KY 40233-5005 (888) IBM-6700 (United States, Canada and Puerto Rico) (781) 575-2727 (all other areas) ibm@computershare.com 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. How To Check Your Total Commissions & Fees on Fidelity. Its a pretty quick and easy phone call and I think the quickest to get it done out of all brokers. Print, fill and scan. #, then press 4 then 2. Select an account from the drop-down menu. 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). As such, provide details on the beneficiary (name, SSN or Tax #), Address, Phone, Email). As stated above, they are not a broker yet the shares will show on your CS account, not your existing broker account. Step 1. 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. Say: I want an outbound DRS transfer of my GME shares to Computershare. Although we cant help here with specific account service issues, we can help troubleshoot and point you in the right direction. # 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. DRSGME does not give financial advice. There is no more need for the verification code. brochure outlines what DRS means to you as a shareholder. 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. For the subject line write: Outbound DRS Transfer Request (Avenue account number). Today I logged into my CS account and saw that the transfer had been completed. The date now is Friday, September 24. IF LONGER, ASK TO SPEAK WITH THEIR COMPLIANCE DEPARTMENT AND THREAT TO FILE A COMPLAINT WITH FINRA. I can't find it anymore, so go figure. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Privacy Policy. 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. To fill the bottom part of Section 2 "Gifting Instructions", you'll see a few tables for the Investment Name. Step 2. 0000026132 00000 n
They are the designated transfer agent for 37.4% of the market. Call the Onboarding line on 1-855-730-0325 as they are more knowledgeable about DRS Transfer. 9 0 obj
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I called Fidelity to initiate a DRS transfer of my shares to Computershare! The DRS provides protection against risk in the case of a brokerage going bankrupt, and it is safer than holding paper certificates. You've got this! For the email write: I would like an outbound DRS transfer as detailed in the attached Letter of Instruction. hb```f`` m @195@W7y`Bi `:--
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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. Fidelity is a popular choice for being free . If the shares having been purchased at the earliest several weeks ago made a difference? Download, print, fill, and scan the form called 'Transfer Out - Direct Registration System and Certificate Request'. ComputerShare is not some shady company. Once your your shares and $100 are settled in Public, you can send them a Letter of Instruction. As per above, see post here. I have a super smooth brain! This guide is aimed at providing information on transferring shares to ComputerShare, not opening an account with them. Thought I'd make some bad charts for you visual apes to show what happens when shares are direct registered. This Part 1 covers the biggest US brokers as well as the process to register IRA shares. Issuer Online. NOTE: You'll see a note on top of the form for a $500 fee. Fidelity have been known to reimburse up to $75 if asked. Access Issuer Online. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Step 2. The stock (GameStop), its ticker (GME), and its CUSIP (36467W109). Call 1-800-387-2331. 0000001840 00000 n
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Automated Stock Adminstrator's Portal They have a form allowing to do a Transfer out for DRS (see step 2). 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. 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. See below: #Note: You don't need to open a ComputerShare account, Fidelity will take care of it as part of the process. Hi u/ksknksk, and welcome to r/fidelityinvestments. 0000003697 00000 n
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