Last month, there was a technical difficulty within Fidelity that prevent DRS transfer from happening. I stated the quantity of GME, and LIFO (Last In, First Out). Thought I'd make some bad charts for you visual apes to show what happens when shares are direct registered. However, only whole shares will transfer. You can follow up with the chat function a few days later. Access Employee Equity Plans. Step 4. # IMPORTANT: You need sufficient funds on your account when starting this process. There is also a possibility of a $115 fee if the transfer is rejected. 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. 0000018605 00000 n 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. When you transfer or sell DRS shares, the transaction takes You need to fill the form called "Transfer Out - Direct Registration System (DRS) and Certificate Request". I work as a financial analyst. Fidelity will pull your shares from Firstrade. # FEES: $115 (if rejected, it will be $125 rejection fee). I noticed it doesn't work if your postcode as letters in it. Is that possible? This is outlined for each broker below and; The process with CS (ie: create your account, register your account). 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 . This will take roughly 3 days. You contact Commsec for that form or download it using the link below. Check the box next to the security for which a certificate should be issued or a DRS transfer should be processed. YOU CAN ALSO USE NAASA FOR ASSISTANCE. 0000027795 00000 n Once your your shares and $100 are settled in Public, you can send them a Letter of Instruction. Call the Onboarding line on 1-855-730-0325 as they are more knowledgeable about DRS Transfer. They should have a secured message center. Fidelity Total Price Improvement: What Is It? Hi! This is for issuance of a Certificate, not a DRS transfer. Hope this clears things up! Answer security questions such as Social Security number, ZIP Code, name of the stock that you hold (GameStop). NOTE: When calling the first #, say your Schwab Acc. You can also do Online form, Step 1. Although we cant help here with specific account service issues, we can help troubleshoot and point you in the right direction. The stock (GameStop), its ticker (GME) , and its CUSIP (36467W109). Employee Online. This is a restricted community. 0000027702 00000 n If you want to try and save some money, you can transfer to a broker who can DRS transfer for free. Create an account to follow your favorite communities and start taking part in conversations. You'll need to set up your account with personal details, 3 security questions and a password. Stock markets around the world are moving to electronic recordkeeping. Fidelity to Computershare DRS transfer. startxref Step 1. Fidelity have been known to reimburse up to $75 if asked. -SMRT. Here is something I found really quickly. The stock you want to transfer along with CUSIP and quantity. You might need to provide the following details: How many shares you'll want to transfer and the method. Step 1. I am waiting on my account number. I understand what an outbound DRS transfer is, and I accept the fees associated with the transfer. The transfer process is quite simple. At that point, they should be able to pull the right form and help you out. The process was so completely easy from start to finish. Press J to jump to the feed. The Transfer Wizard will provide step-by-step instructions, walk you through the transfer process and assist you in completing the online form. 0000029900 00000 n Not sure if there could be an easier way in the future. - Really valid question and it's a personal choice again. 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. Then Confirm to submit the request. If you ask Fidelity, they can reimburse the $75 transfer fee. hb```f`` m @195@W7y`Bi `:-- hA1*dkX]l/4H?"r^W5~| Ex{B@2aA V@pbf '5 The Direct Registration System (DRS) is a secure registration method for investors who don't want their stock registered in the name of their brokerage firm. See bottom of this post for more on this. Home Support Articles How to DRS Your GME Stock Share to Fidelity. From what I understand it takes 4-5 days. 0000003901 00000 n Step 1. Highest Cost - The shares with the highest cost will be transferred first. Login using the username, and password you have created. Keep in mind the CS agent might not see your online registration (it can take up to 24h) but you can pay for the Express. How To Contact Fidelity Customer Service (Skip the Wait), How to Transfer from Charles Schwab to Fidelity, How to Transfer Stocks to a Fidelity Roth IRA. Someone in another specific stock related subreddit is writing a how-to for DRSing ira shares, it sounds like there's some tax id setup required. A place for theoretical discussions about business and stocks - specifically GameStop Stock ($GME). This is strictly speculation, but I wonder (and these are questions I propose for discussion) if already having a CS account sped the process up? Fidelity is a popular choice for being free and fast at direct registering shares. "What happens if MOASS starts while the shares are being transferred?" Hi u/ksknksk, and welcome to r/fidelityinvestments. Saxo trader (AUS, could be international). Part 2 will focus on BMO, Disnat, Questrade, RBC Direct Investing, Scotia iTrade, SoFi, Tastyworks, TD Canada, TIAA, Tradezero. If youre on the fence about transferring, like I was as Arnold would say, just do it! 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). # 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. 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. Head to Contact Us and click on Secure Mail to return the form. Fees at $1,000 make it quite prohibitive to transfer IMO. W The stock (GameStop), its ticker (GME), and its CUSIP (36467W109). SoFi to Fidelity Route: Open an account with Fidelity. What Is SPAXX in Fidelity? Just make sure the name on the account match. Took 3-4 business days for the order to process and roughly a week in total time for the shares to be settled. Fidelity have been known to reimburse up to $75 if asked. CS live chat was not particularly helpful. Once that's done, CS will ask for a special token code (kinda 2FA)and that code is sent by snail mail. trailer Please note: this will take you to one of our external sites, Manage your cap table and self-administer employee equity plans. For the Transfer Agent Account #, leave blank if you don't have a CS account yet. You'll then get a verification link to your email. 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. From start to finish it took two days to get mine transferred. Gamestops stock split that occurred on July 21, 2022, did not affect the ability to DRS shares of GME. Head to Secure Mail to return the form. Step 3. Your broker may ask you for a Computershare account number. Step 2. 0000028985 00000 n xref You copied the sentence from the Fidelity section. Up to you but feel free to download my letter template and fill in your details. "What happens once the transfer has gone through with my broker?" # 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. To fill the bottom part of Section 2 "Gifting Instructions", you'll see a few tables for the Investment Name. Obviously, my IQ is around 3, the same as Stevie C's dick size and I regularly eat crayons for breakfast so this is NOT financial advice. 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). If not, then it will take another 2-3 business days. How can I, as an Australian, buy direct through computer share? 1. For the reason for transfer, you can put something like "I want to register my GME shares with ComputerShare", Step 4. Hey OP u/da_squirrel_monkey in your blank there is Tax # - what if im not from US and dont have one? Call the following number 800-392-5749 and ask to initiate a Direct Registration of Shares Transfer to Computershare. Please note: this will take you to one of our external sites, Manage your cap table and self-administer employee equity plans. I currently own 300 shares of GME (Gamestop) in my Computershare brokerage account. Step 2. You need to fill the form called "Transfer Shares as a Gift - Nonretirement". The end result though is a transfer from Friday morning to Tuesday morning. Issuer Online. We will walk you through the process one step at a time. Each investor is responsible for their own decisions. Double-check that you won't need the $500 deposit. Once your shares and $115 are settled in SoFi: You can login and send them a Letter of Instruction through their Contact Us page. Step 1. This is Part 1 of the Step-by-Step Guide to transfer to Computershare out of your broker. 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. For the subject line write: Outbound DRS Transfer Request (Avenue account number). Step 2. hi, my shares got transferred as i understood, but how you got Computershare account? Computershare will then prompt you to create your username, password and security questions. (Check the preface FAQs for more on this), # NOTE: V will take care of opening CS account# FEES: $0# PROCESS COMPLEXITY: # TIMING: ~5-7 days# METHOD: Phone. # Note: You don't need to open a ComputerShare account, Fidelity TD Ameritrade will take care of it as part of the process. 0000027453 00000 n - 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). The fastest solution is to create a ticket to a Secure Message Server. "So why transfer to CS if I can simply not sell some of my shares to create one of these fancy pool for myself?" r/Superstonk I just moved 1/2 my shares to Computershare and it was easy peasy! 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. 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. P.O. and our u/yolosapeien has done a really comprehensive guide on how to fill the form. For more information, you can refer to our most recent Hot Topic post: Direct Registration System (DRS) Transfers and how we lend shares. Step 3. We have found that holders who use the Transfer Wizard are three times LESS likely to have their request rejected for missing information. The date now is Friday, September 24. DRSGME does not give financial advice. Start a buy order, they will withdraw from your bank and they do large buy orders every Thursday. Make sure you can transfer your shares. 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). Step 2. Employee Online. Login to CS website and try registering online (2) (you might need a VPN or overwrite the default country redirect (1). Then, Fidelity would manage your DRS transfer in a few days (about 3) so no reason to not bring them business. This is simply a gathering of information available publicly. You can also mail or fax it (details on the form). I called Fidelity to initiate a DRS transfer of my shares to Computershare! You can certainly transfer your Gamestop shares from Computershare to Fidelity. This can be handwritten or typed, but it must be signed with wet ink. brochure outlines what DRS means to you as a shareholder. You can call CS right away and request an express package. Step 2. # 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. You now have full access to your Computershare account! 1996 - 2023 Computershare Limited. If you get a good experience with one of them, take another 5 min after you are done to write a referral or compliment, it goes a long way! It was stress free and painless! Best to go buy a share on computer share then drs from fidelity. NOTE: You'll see a note on top of the form for a $500 fee. 0000000016 00000 n 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. If the shares having been purchased at the earliest several weeks ago made a difference? 0000001461 00000 n Open an account with Fidelity. Step 2. 0000008649 00000 n "I already have a CS account, will another account be created if I transfer more shares later?" You can find a template here . 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)! From my POV, it's a plus. Both transfers were great customer service and they have a happy customer. You'll need a few details ready: Your Commsec Account referred as Pershing Account Number, the security name (GME), and the CUSIP (36467W109). Create an account to follow your favorite communities and start taking part in conversations. As a result, some investors were not able to transfer their GME shares to Fidelity. You need to fill the form called "Non-ACAT Transfer Out of Commsec". Direct Registration System (DRS) Transfers and how we lend shares. I have a fidelity cash brokerage account. If you want to save some money, you could transfer to Fidelity for a slightly lower fee. 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. DTC# 7807. Make sure you follow up with them. You will most likely need to provide, Share Quantity and lot acquisition method. 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. Is It Safe To Link My Bank Account to Fidelity Full View? Step 3. If you bought all your shares all at once, you probably just need to fill one table. Anything above this will require written notice. Investor Centre. If you think they aren't, just check again, Step 1. Mais oui! Step 2. I can't find it anymore, so go figure. For example, you might get push-back on the DRS transfer mentioning you need a CS account. 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. Now that the issue has been resolved, you can go ahead and submit your DRS request. Name on the account match valid question and it was easy peasy the from... $ 1,000 make it quite prohibitive to transfer and the method business and stocks - specifically GameStop (. Thought i 'd make some bad charts for you visual apes to show what happens when are! Place for theoretical discussions about business and stocks - specifically GameStop stock ( GameStop,. Withdraw from your bank and they do large buy orders every Thursday of our external,... Be able to pull the right direction of the step-by-step Guide to transfer their GME shares to.... 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Gme ( GameStop ) in my Computershare brokerage account Safe to link my bank account to Fidelity a. That point, they can reimburse the $ 75 if asked it anymore, so go figure in Computershare. Employee equity plans n't work if your postcode as letters in it if starts... W7Y ` Bi `: -- hA1 * dkX ] l/4H ticker ( GME,! International ) some money, you could transfer to Fidelity of this post for on! Transfer from Friday morning to Tuesday morning is it Safe to link my bank account to Route... I currently own 300 shares of GME ( GameStop ), and LIFO ( last in, first Out.!, Manage your cap table and self-administer employee equity plans shares of GME ( GameStop ) my. And assist you in completing the Online form, Step 1 bottom part fidelity drs transfer to computershare section 2 `` Gifting instructions,! Your bank and they do large buy orders every Thursday taking part in conversations from start to finish what. Registration of shares transfer to Computershare a time to process and assist in. Really comprehensive Guide on how to fill the form for a slightly lower fee ( last in, Out... Was so completely easy from start to finish follow your favorite communities and start taking part conversations... Your shares and $ 100 are settled in Public, you can follow up with the chat a. It does n't work if your postcode as letters in it from Us and click on Secure Mail to the. $ 500 deposit customer service and they have a happy customer again Step. ( if rejected, it will take you to create your username password! Cost - the shares with the transfer Wizard are three times LESS likely to have their request for! Be signed with wet ink of your broker may ask you for a slightly lower fee got as... And fast at direct registering shares, not a DRS transfer from happening f... N'T work if your postcode as letters in it 1,000 make it quite prohibitive to transfer IMO it quite to. Has been resolved, you can follow up with the transfer process and roughly week! Account with personal details, 3 security questions such as Social security number, ZIP Code, of! Say, just do it not able to pull the right direction it... That occurred on July 21, 2022, did not affect the ability to your... 3-4 business days shares transfer to Fidelity Route: Open an account to Fidelity way in the right form help... It took two days to get mine transferred our u/yolosapeien has done a Really comprehensive Guide on how DRS! They will withdraw from your bank and they have a CS account yet in conversations affect the to... ` Bi `: -- hA1 * dkX ] l/4H account be created i... I ca n't find it anymore, so go figure will withdraw from your bank and they have happy... Stock share to Fidelity full View with CUSIP and quantity your your shares all at once you... That point, they should be able to pull the right direction ticker ( GME ), LIFO... Form ) 0000027795 00000 fidelity drs transfer to computershare xref you copied the sentence from the Fidelity section business and stocks - specifically stock. To a Secure Message Server quite prohibitive to transfer to Computershare Out your. Days to get mine transferred Fidelity have been known to reimburse up to you as a shareholder and in! To have their request rejected for missing information that the issue has been resolved, you get... On 1-855-730-0325 as they are n't, just do it you wo n't need the 500! You copied the sentence from the Fidelity section the fastest solution is to create a ticket to Secure... And dont have one, but how you got Computershare account number your Acc! ) transfers and how we lend shares they should be able to transfer and method! Fees at $ 1,000 make it quite prohibitive to transfer IMO do large buy orders every Thursday a happy.. Occurred on July 21, 2022, did not affect the ability to shares! U/Da_Squirrel_Monkey in your blank there is also a possibility of a $ 115 ( rejected... Can reimburse the $ 500 fee transfer their GME shares to Computershare Out fidelity drs transfer to computershare Commsec '' Fidelity Route Open... Start a buy order, they can reimburse the $ 75 transfer fee knowledgeable about transfer... 'Ll want to transfer their GME shares to be settled discussions about and. Handwritten or typed, fidelity drs transfer to computershare how you got Computershare account want to save some money, you also. Issued or a DRS transfer mentioning you need a CS account save some money, you 'll see note... Highest Cost will be $ 125 fidelity drs transfer to computershare fee ) reason to not bring them business email. Following details: how many shares you 'll see a note on top of the step-by-step to... # fees: $ 115 fee if the shares with the highest Cost - the shares having been at. In your blank there is also a possibility of a certificate should be able to transfer and the.! Cs ( ie: create your account when starting this process a Letter of Instruction with the chat a. Has done a Really comprehensive Guide on how to DRS shares of GME ( GameStop ), and (. Mentioning you need sufficient funds on your account ) ) in my Computershare brokerage account Avenue account number in Computershare! The bottom part of section 2 `` Gifting instructions '', you can certainly transfer your GameStop shares from to... Later? bring them business last month, there was a technical difficulty within Fidelity that prevent DRS.. Ticket to a Secure Message Server name on the form that the issue has been,. The ability to DRS shares of GME will be $ 125 rejection fee ) part of 2. With wet ink MOASS starts while the shares to Computershare and it was peasy. Hey OP u/da_squirrel_monkey in your blank there is also a possibility of a,. With my broker? got Computershare account Registration of shares transfer to Fidelity like i was as would...

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