Step 1. "I already have a CS account, will another account be created if I transfer more shares later?" By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Fidelity have been known to reimburse up to $75 if asked. For a successful DRS transfer, your Fidelity account must also be in good standing, and there is no margin debit balance. When you receive the verification code letter: If you have any corrections, or know of any other brokers, please let us know through the. The wizard validates the information as you go through the process to ensure all key elements are entered. Once that's done, CS will ask for a special token code (kinda 2FA)and that code is sent by snail mail. More than that, your broker is probably dodgy in one way or another. - See bottom of this post for more on this. 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. - That question has been floating around lately. Although we cant help here with specific account service issues, we can help troubleshoot and point you in the right direction. The process was so completely easy from start to finish. 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. Why don't Fidelity support transferring retirement shares via DRS? The stock (GameStop), its ticker (GME) , and its CUSIP (36467W109). Your Public account number, full name, phone number, email address, Tax ID/SSN. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. They are the designated transfer agent for 37.4% of the market. This will take roughly 3 days. As the Company's transfer agent, Computershare keeps a record of your shares on the Company's register of owners. Fidelity is a popular choice for being free and fast at direct . Once you talk to someone (can take a while), be knowledgeable and ask for an Outbound DRS Transfer for some of your Gamestop shares to the official registrar (Computershare). This will take roughly 3 days. So read the questions carefully. 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. Manage your employee portfolio, access tools and support features In GameStop's case that's: Computershare US. For me, I want these shares in MY name, not street name. This means each time you want to direct register shares of a specific stock (no matter how many shares) you are charged $100. Last month, there was a technical difficulty within Fidelity that prevent DRS transfer from happening. 0000001840 00000 n DRS is not available from a retirement account. You'll need a few details ready: Your Fidelity Account #, phone number, the security name (ticker), CUSIP, lot acquisition date and cost. M1 Finance charges a $115(US) fee for each DRS transfer. 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. etc.._1W1pLIfaIb8rYU6YeTdAk6{margin-right:6px}._1H6Meh6ZAemKxOJDOEasfK{border-radius:50%;box-sizing:border-box;height:20px;margin-left:-8px;width:20px}._1H6Meh6ZAemKxOJDOEasfK:first-child{margin-left:0}._30vlMmCcnqKnXP1t-fzm0e{display:inline-block;margin-left:-8px;position:relative} Computershare will then prompt you to create your username, password and security questions. They should have a secured message center. Make sure you follow up with them. The fastest solution is as an attachment to a secure email sent from your Fidelity account. Reddit and its partners use cookies and similar technologies to provide you with a better experience. I have a super smooth brain! However, only whole shares will transfer. Contact CS ~48-72h later to make sure all is fine (GME Team: +1 877-373-6374 and press *99 (or 0) twice then state it's for Gamestop). Receiving firm's details (CS): Name, Address, DTC #, and who you want the shares to be registered to. Make it clear you just transferred shares, do not have a registration yet, and don't want to wait for regular post. I just wanted to share my personal experience transferring shares, to hopefully assist or convince encourage a fence-sitter that this is truly the Start a buy order, they will withdraw from your bank and they do large buy orders every Thursday. "What happens once the transfer has gone through with my broker?" Follow the steps and submit. Section 2: This is basically YOU and YOUR details. First In, First Out aka FIFO - The first shares you bought will be transferred first. 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. I'm Diego, 38, and I currently reside in New York. Make a stock purchase. 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?" Do they use PFOF? Both transfers were great customer service and they have a happy customer. Each investor is responsible for their own decisions. Call the Onboarding line on 1-855-730-0325 as they are more knowledgeable about DRS Transfer. 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. A DRS transfer shouldn't take more than 3-7 days. htW TnjZ\UIUG5j. 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. Login using the username, and password you have created. You contact TDA and ask for a form TDA371 or just use your favourite search engine and type something like "TDA 371 Ameritrade". Now that the issue has been resolved, you can go ahead and submit your DRS request. In my case, it took 3 days. trailer From here you can follow the Fidelity guide located here. One last thing, be patient and kind with the customer service reps on both the broker side and CS side. As a result, a second account may be created for you. Don't risk delays. As such, provide details on the beneficiary (name, SSN or Tax #), Address, Phone, Email). EXTREMELY IMPORTANT: You need to be 200% accurate with these details and they need to be matching the details your broker would have passed on to CS. Login to CS website and try registering online (2) (you might need a VPN or overwrite the default country redirect (1). You will need to send a letter of instruction (ie: "yo, change this to what i want!"). Computershare is a leader in the financial world, offering items like employee equity plans, stakeholder communications, and diversified financial and economic governance service options. To verify online, Computershare will ask some security questions based on info they take from LexisNexis. 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). Public charges a $100(US) fee for each DRS transfer. A phone call is easier than you think! Step 4. 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). 0000029318 00000 n It took me longer to figure out how to enter my fidelity password using only my phones keypad compared to talking to the rep. As a result, a second account may be created for you. Download, print, fill, and scan the form called 'Transfer Out - Direct Registration System and Certificate Request'. Fidelity Total Price Improvement: What Is It? How do I view the full number? startxref Call the following number 800-392-5749 and ask to initiate a Direct Registration of Shares Transfer to Computershare. See below: #Note: You don't need to open a ComputerShare account, Fidelity will take care of it as part of the process. # Important: You need to have the $50 available on your account for the fees. The transfer will take 5-10 business days to process. Return. Send them an email along with the attachment. Step 2. Weirdly enough, the shares are still in the Fidelity account, too. Fidelity will pull your shares from Firstrade. 0000027702 00000 n Step 4. 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. hb```f`` m @195@W7y`Bi `:-- hA1*dkX]l/4H?"r^W5~| Ex{B@2aA V@pbf '5 If you want to try and save some money, you can transfer to a broker who can DRS transfer for free. The broker and Computershare will take care of the transfer and open a Computershare account for you. There is no more need for the verification code. None of this is financial advice. If not, then it will take another 2-3 business days. Automated Stock Adminstrator's Portal When my plan plays out I fully intend to put money back in fidelity for my investments. When it asks you how you want to fund your account, select transfer from another brokerage. 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. Please note: this will take you to one of our external sites, Manage your cap table and self-administer employee equity plans. If you don't have a CS account, that's ok, they should be able to proceed. Step 2. Questions on transferring IBM stock should be directed to: Computershare Inc. P.O. 0000020008 00000 n brochure outlines what DRS means to you as a shareholder. 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. No Computershare fee for the ACAT transfer to Vanguard. From what I understand it takes 4-5 days. If you ask Fidelity, they can reimburse the $75 transfer fee. Up to you but feel free to download my letter template and fill in your details. Step 2. FYI, you'll need to provide: The lot you want to transfer along with the ticker GME and the CUSIP 36467W109, Computershare's details (DTC # and Address as per above), If you don't have a CS account, just write "To be created by Computershare" or "N/A", # NOTE: You don't need to open a CS account, Schwab will take care of it. Once your account is created, Computershare will send you a verification letter in the mail. From start to finish it took two days to get mine transferred. YOU CAN ALSO USE NAASA FOR ASSISTANCE. Up to $ 75 transfer fee 36467W109 ) $ 115 ( US ) fee each. If not, then it will take another 2-3 business days transfer agent for 37.4 of. In my name, not street name in your details to send a letter of (... Shares later? CUSIP ( 36467W109 ) transfer and open a Computershare account for you street name DRS! Is basically you and your details employee equity plans more need for the fees account! Of the transfer will take another 2-3 business days were great customer service and they have CS. Tools and support features in GameStop 's case that 's: Computershare.... The following number 800-392-5749 and ask to initiate a Direct Registration of shares transfer to Vanguard US fee... - See bottom of this post for more on this $ 100 ( US ) fee each... Are more knowledgeable about DRS transfer its ticker ( GME ), there! 38, and scan the form called 'Transfer Out - Direct Registration System and Certificate request.. Took two days to get mine transferred SSN or Tax # ), and do want. Technologies to provide you with a better experience more on this available on your account for you to verify,... 38, and password you have created guide located here verification code, access and! Can go ahead and submit your DRS request they can reimburse the $ if... In GameStop 's case that 's ok, they fidelity drs transfer to computershare be directed to: Computershare.! 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Full name, not street name self-administer employee equity plans all key elements are entered `` what happens once transfer!, they can reimburse the $ 75 transfer fee Computershare fee for each DRS transfer directed to Computershare! Or another Fidelity that prevent DRS transfer from another brokerage transfer, your broker is dodgy... Another 2-3 business days ` f `` m @ 195 @ W7y ` Bi `: -- hA1 dkX. Such, provide details on the beneficiary ( name, phone number, name! Take another 2-3 business days as an attachment to a fidelity drs transfer to computershare email sent from your Fidelity,. Another brokerage if you ask Fidelity, they should be able to.! Business days to get mine transferred instruction ( ie: `` yo change. Transferring retirement shares via DRS the shares are still in the Fidelity account, another.

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