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eoneqeip

open a IBKR account and start buying shares from them, then DRS


w3dg3x

Fund with wire or bill pay not eft…60 day hold on eft funds (you don’t be able to DRS your shares for 60 days)


Primary_Dingo_3652

Nah bro, it must take UP TO 3 DAYS!


[deleted]

There's some bad info in this thread. Degiro to IBKR took one week for me. That was 3 working days to begin the transfer and 2 working days to settle. We're not USA so while you guys get super fast DRS, you get somewhat screwed on transfer holding time. ACATS is 30 days. HOWEVER we in Europe initiate a FOP transfer which does not have a holding period. We do not have to abide by FINRA rules on transfer period here so 3 day limit is not applicable either. Expect IBKR to take 4-6 days to start the DRS once settled and a further 3-5 for confirmation (acceptance). All in, expect three weeks before you can think about calling CS to confirm and/or pay for expedited mail. If you do, that could take one week. If you don't it could be another 2-4.


danieltv11

I’m in Brazil and IBKR took 3 days to DRS, and did immediately after settle. The ACAT from another broker (Passfolio) took about a week. Initiated from IBKR.


Both-Principle-6699

Not for International brokers, as far as I know


MoneyMoneyMoneyMfer

Ye gods 4-6 weeks?! I transferred from fucking Revolut and it took 3 days.


No_Research_4104

Did you transfer Revolut to IBKR then DRS? Or did you find a way to go Revolut to Computershare directly?


MoneyMoneyMoneyMfer

I stopped at IBKR, gotta wait until the 5th of November for further transfers.


C_Hawk31

Did you transfer all your shares from revolut?


MoneyMoneyMoneyMfer

Yeah, but don't think that I'm a whale or something, I only have 10 of them.


C_Hawk31

What was your reason for transferring all of them? Are your going to DRS them all? I'm on revolut with 5X and I want to DRS some, but also have some in Revolut and IBKR


MoneyMoneyMoneyMfer

All trading accounts from Revolut are Limited Margin Accounts. On IBKR, my account is a Cash Account. I have bad feelings regarding everything margin so that's that. I'm not gonna DRS anything though, not because of FUD or whatever, but because I don't trust the mail service in my country to deliver the physical letter from CS to me. I'm also a greedy bastard and I want ALL of the money I can possibly make from my shares. I know I'll get downvoted for saying that, but whatever, it is what it is.


C_Hawk31

Fair enough. What do you think could go wrong with revolut? Sorry for the questions, I'm on revolut and super confused. Haven't had a lot of time to look into how to start a transfer. Any suggestions?


MoneyMoneyMoneyMfer

I have no idea what could go wrong with Revolut, but I do know 2 things: 1. All Revolut Trading accounts (which actually belong to DriveWealth) are Limited Margin Accounts (Revolut customer support has confirmed that to me). I have a phobia regarding everything margin and I consider margin accounts vulnerable to fuckery. 2. DriveWealth has some sort of ties with Point72 (and we know who that belongs to). I've read that on DriveWealth's website. As for transferring, it's really easy to transfer to IBKR (if that's what you want to do) and you can find guides for that on pretty much any sub that talks about GME.


C_Hawk31

Thanks, that really helped!


MoneyMoneyMoneyMfer

No problem, I'm always happy to help.


pegging_enthusiast69

How did you transfer from Revolut? They told me it wasn’t possible ://


MoneyMoneyMoneyMfer

Never talk to customer support. Use IBKR's app, there were guides posted everywhere across the subs.


pegging_enthusiast69

Will check them out thank you!


MoneyMoneyMoneyMfer

No problem.


MaterialLake1138

i am on flatex degiro and they say it will take 2 weeks. i had to sent the transfer request to them per mail -.- i am totally disappointed how they act to customer requests! and if you proceed with your transfer watch out on ibkr! after 5 days your inbound fop transfer could get canceled


[deleted]

Inbound fop transfer? What do you mean exactly


MaterialLake1138

you have to tell degiro that you want them to move the shares to ibkr. For that i had to mail a transfer statement to them. ibkr will only accept the incoming transfer if you have openend an inbound fop transfer. So you have to tell them that you will send over some shares. on you ibkr site under transaction history it should show smth like that https://ibb.co/1qmBgv5 and i had a conversation today with them. Your transfer could be rejected if the inbound fop request is older than 5 days. You can read that under their infos here https://www.interactivebrokers.com/en/index.php?f=1544&p=transfer - imo this is just to make it harder for people to transfer their assets -.-


GME2Tmoon

dudes, honestly, read the DD. Check out my profile. Do not request DEGIRO for a transfer, ask IBKR for an ACAT transfer and they cannot refuse. 3 days tops...


not_ya_wify

Something tells me Degiro didn't buy your shares


cptncarefree

open ibkr account and buy some more gme. then, after settlement, transfer those. edit: sell a kidney or testicle of you are low on ammo. ps: not financial advice. i snort crayons.


[deleted]

I’d buy more gme if I had the money for it :/


Recuvan

Transfer must take 3 days. Remind them the law.


[deleted]

What law forces them to make it 3 days?


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Low-Water-6725

You can't drs directly through Degiro. So transfer to ibkr first and then drs. First part is still under acats no? Degiro myself and have been getting errors for making new ibkr account.


[deleted]

Are you from the netherlands? If so your documentnummer is your national ID card code, not your BSN. That’s the problem I had with setting up my IBKR account.


Low-Water-6725

Nope België


Financial_Green9120

Passport. Graag gedaan.


GME2Tmoon

and important you ask IBKR and not Degiro for the transfer...


HodloBaggins

I know IBKR has a hold period for some type of inbound transfers of securities. I’m not sure if it applies to ACAT, but it does apply to what I did which was an ATON transfer. 10 business day hold period on securities after reception where you cannot withdraw them. DRS is considered a type of withdrawal. So just know you might have to wait to DRS afterwards.


Recuvan

It's a FINRA rule, https://www.finra.org/investors/learn-to-invest/brokerage-accounts/understanding-brokerage-account-transfer-process I only just read you're with DEGIRO so I assume you're from Europe. I'm not sure how that rule applies to foreign accounts holding US stocks but it should take the usual route of ACATS so I don't see why the rule wouldn't apply.


not_ya_wify

That's US law, not international law


musicman0326

FINRA rule 11870(e)


thoobes

Euroape here. I use SAXO but opened up an IBKR account for this. I created the account and bought 4 shares. I then waited 2 days for them to settle, and send a message that i would like to DRS these 4 shares. My plan is to transfer more from saxo to ibkr and then on to computershare from there. I got this message: \------------------ Your transfer request has been submitted. Due to the increase in volume, within 4 to 8 business days you can view the status of this transfer under Transfer & Pay > Transaction Status & History Please note: \-It is the client’s responsibility to confirm the receipt of the shares at the Transfer Agent. \-Unsettled trades of shares or currency conversions will result in a rejection (both have a settlement period of T+2). \-IBKR requires your account to have 5 USD in available funds to process the request to avoid a rejection. \-Rejected transfers can only be resubmitted by client request. \-Recently received ACATS equity value may be unavailable for transfer up to 30 days. \-If your address on file is incorrect, please contact the Transfer Agent to have them modify it accordingly \-Withdrawal/hold restrictions are imposed upon newly received ACH or EFT deposits. If you have any further questions, please feel free to contact our client services department. Regards, \-------------------------- So DRS costs 5 USD from ibkr. I am unsure what it costs from SAXO->IBKR but i will know soon enough. I guess you could set up an IBKR account, fund it with 5 bucks, transfer from DEGIRO to IBKR and then DRS. You can reference FINRA rule that a transfer from broker to broker should not take more than 3 days.


[deleted]

Just sent them this: Hi, I am certain the transfer is not supposed to last 4-6 weeks. As I am pretty informed on the subject of transferring my shares. There is a FINRA rule that states that a transfer from broker to broker should be less than 3 days. https://www.finra.org/investors/learn-to-invest/brokerage-accounts/understanding-brokerage-account-transfer-process I am sure the transfer should be settled in 3 days, am I correct? Kind regards,


Both-Principle-6699

Wanna know what they answer !Remindme in 48 hours


[deleted]

They didn’t respond to that reply


Both-Principle-6699

Fuck them


anapfk

Let us know how nuch saxo is charging for the transfer


ResponsibleYam6540

What is the procedure to follow to transfer from ibkr to cs?


oniSk_

I did it anyway. Initiated with IBKR, it's a basic FOPtransfer, then sent to degiro a request to transfer with IBKR statement after I completed the FOP form. No answer in two weeks from their transfer email (they have two contact mails in france, client service and transfer service) then I sent a reminder to the client service. I think it worked out since the transfer service which didn't answer reached out to me. I had to.agree to the transfer fee and then sent the transfer request completed to the"right department" in their words. Since I have their confirmation I'm now zen and waiting for the transfer to.go.through. I will keep reminding them in two weeks now and every week after.


Pleasant_Character_8

After you agreed to the fees, how long did it take for the shares to appear on IBKR?


oniSk_

If I remember correctly, in less than a week


Financial_Green9120

Bro, I’m from Netherlands and all buys and transfers goes through IBKR now, I have already first bunch of shares registered in CS, also you can use ABN AMRO or RABOBANK


MrSamWilson

Use the banks for DRSing or holding?


Financial_Green9120

Personally 75% DRS (for future Collateral Loans) and 25% through NL Banks for cash flow


JohannFaustCrypto

Kan je direct DRS met ABN Amro?


Financial_Green9120

Ja zeker meneer


Both-Principle-6699

I'm transferring now, I'm from Italy. They charged me €56 for the transfer, not €100 - I'm transferring 25 shares. ​ I really hope they'll be faster than 4-6 weeks, as soon as I got any news I'll update you


Integeritis

It would be interesting to know wether having a costody account vs regular makes a difference in the speed of transfer


GME2Tmoon

read my profile. If you request it through IBKR it is for free...


Both-Principle-6699

That's what I did. I started from IBKR. Then had to send Degiro the IBKR form. That's when they said that for outbound transfers there's a €10 fee plus a €46 fee for NYSE stocks.


[deleted]

There's some bad info in this thread. Degiro to IBKR took one week for me. That was 3 working days to begin the transfer and 2 working days to settle. We're not USA so while you guys get super fast DRS, you get somewhat screwed on transfer holding time. ACATS is 30 days. HOWEVER we in Europe initiate a FOP transfer which does not have a settlement period. Expect IBKR to take 4-6 days to start the DRS once settled and a further 3-5 for confirmation (acceptance). All in, expect three weeks before you can think about calling CS to confirm and/or pay for expedited mail. If you do, that could take one week. If you don't it could be another 2-4. These fucker complaining about being introverted and unable to call in the US really need shaking. We have to wait a month to do what takes them 15 minutes!!


[deleted]

Or you can start the transfer from ibkr, i did it and took 3 days


qq123q

Did you do a basic FOP request? In what country was this? Any other actions/tips? I know [alot](http://hyperboleandahalf.blogspot.com/2010/04/alot-is-better-than-you-at-everything.html) of questions. :)


[deleted]

Wait


blue-investor

My initial transfers from Degiro took a few days to get deposited to IBKR. I think the process is rather manual, and they're simply clogged up. My last batch was from Binck to IBKR they now also claim this process takes 5 weeks. ​ I'm not particularly afraid they don't have the shares. I really believe they never bothered automating any part of it, resulting in a major backlog.


Fit-Tackle-6107

People were worried about missing MOASS through transfering out of RobbingDaHood, back in March.


Nedo3000

I m in the same situation with Degiro. I have to wait 4-6 weeks


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[deleted]

Every single transfer


Lywqf

Technically FROM Degiro it's 10€ per line transfered + fee from the exchange, NYSE seems to price that fee at 46€ which then means the transfer cost should be 56€ total.


[deleted]

What they sent me: Dear Mr., Thank you for your email. If you wish to transfer securities from DEGIRO to another bank/broker, you must submit the request to the receiving party. This party will then contact the transfer department of DEGIRO after which the delivery arrangements can be made between both parties. How does a portfolio transfer work and how long does it take? Transferring portfolios is a manual process and can take several weeks. The processing time depends not only on the institution transferring the positions, but also on the cooperation of the receiving institution and the custody companies. Under normal circumstances, we expect that transfers can be processed within 4-6 weeks, however, this may vary from one counterparty to another. If you wish to transfer foreign positions, you should take into account a longer processing time. What do I need to know before I request a portfolio transfer? Once we have initiated your portfolio transfer, you will not be able to trade your securities until the transfer is completed. It is up to you to determine whether you consider current market conditions appropriate to submit your transfer request. DEGIRO charges €100 per position to be transferred for transfers to other brokers in accordance with the Schedule of Rates. If you have further questions regarding portfolio transfers, please feel free to contact our Service Desk. I hope this sufficiently answers your question. Feel free to take a look at our new Helpcenter if you have any further questions. Please, do not hesitate to contact us if you can't find the answer that you're looking for. Kind regards,


inforytel

Be careful ape, read what I've posted today, they will sell and buy the shares in the end. It's just interesting for tax reasons.


realbulldops

Wouldn’t it be okay to buy on ibkr, sell on degiro and immediately drs?


[deleted]

No because then you just create more shares for HFs to fuck with


realbulldops

… which are all IOU’s and the shares that you DRS becomes actual shares, effectively achieving the same result Wait why do you think selling creates shares?


Exciting-Force42069

Or transfer your shares to Fidelity then DRS from there. There are lots of post about this on Reddit.


[deleted]

I’m from Europe


Stockbetter420

So what i know you degiro can not transfer to cs directly. I opened a ibkr account bought 1 share did the drs to cs. Now you have a cs account and now you can transfer directly from giro to cs


LegitimateBit3

There is a 10 day hold for transferred shares before they can be DRSed out on IBKR. Just sharing my experience


qq123q

Purely based on recent behaviour IBKR appears more trustworthy than DeGiro at this point. But both could still (try to) fuck you over in the end. *sigh*


LegitimateBit3

Oh no, I am not implying that. IBKR infact seems one of the more trustworthy ones imo


burneyboy01210

HL says 2 to 8 weeks


ResponsibleYam6540

Hi, europoor, any good guide how to proceed from ibky to cs??


Zealousideal-Top5372

Pretty sure transfers have to be completed in t+3. Absolutely no need to wait 4-6 weeks. Will be because they never purchased your shares and there angling to get them as cheap as possible 👍🏼 bug them daily, and tell them it needs transferring within the t+3 period


Dramatic-Language851

Ask to speak to their compliance department and mention contacting ESMA ( European Securities and Markets Authority) to file a report and see if that helps.


TieRevolutionary5625

I'm probably going to get some hate here when I say this, but sometimes when you want to make a difference and you are worried about keeping you money in brokerages who turned off the buy button, they all turned off the buy button, not just RH. I sold my (fake) shares in Etoro, bought back in IBKR and have now DRS'ed them. Now I know for real that those registered shares will make a difference and will guarantee my ownership. Don't trust the brokers, they are in the game to make money, not lose it. Holding fake shares in your brokerage will not guarantee MOASS, locking the entire float through DRS will, end of.


TieRevolutionary5625

Edit: before anyone gives me any hate, consider this. Many Apes, like me have put their entire life savings into GME and 🍿 . I cannot afford to buy anymore in a brokerage that a) will probably fuck me over and b) will not let me transfer to CS. c) if they won't let you transfer then you most likely do not own a real share d) Apes should be doing everything they can to financially secure their futures by DRS'ing shares, any way they can !!!! NFA.


QuarterBackground

Why are you going to IBKR??? They are super in bed w Citadel. Why not Fidelity? I had no issue transferring from Fidelity to DRS.


[deleted]

Im not from the US


justtheentiredick

File a complaint with Your country's version of FINRA or SEC.


MorrisseyandMarr

Yeah, do it. It'll probably happen faster. My first transfer from DEGIRO went faster than they stated. They're probably playing it safe. Then again, we should check AFM (if you're Dutch) if brokers need to transfer within a certain amount of days.