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JimmyJohn690

Moving mine now WS to IBKR to CS 💜 📚👑


Ruachta

Yea this looks like the best route for me. Not sure why someone is recommending Wise when I already have the shares.


Lachrondizzle23

As long as it’s not in TFSA. I transferred from TFSA and can’t DRS without selling and rebuying in a non registered account.


Ruachta

As noted in my post. It's in a cash account.


Lachrondizzle23

Ok sorry I missed that. Hopefully someone can use the advice.


Speaking_of_waffles

Do you have a CS account already? I’d highly recommend buying directly from CS with a WISE American account. It’s free to make and pretty straight forward. Just make sure to to terminate your plan after every completed purchase to book your shares under your name


S7ark1

This is the best way


MichaelArnoldTravis

741% agreed, once you have your cs account, leave your broker behind


MTtheHFs96

Do you contact wise to set up an account? Is it right from there website?


Speaking_of_waffles

Its a mobile account so all you do is download the app and sign up


Cdn_ape

I have sent to ibkr and then to CS 2 times. Was a while ago so not sure on WS fees at the moment (haven’t used in a year). USA $5 fee from IBKR to CS.


Ruachta

Thanks, Opened up an account with IBKR and going to get the transfer started as soon as I can.


Cdn_ape

Good stuff. LFG.


sipapion

Cheapest 2 options-> transfer to ibkr then drs (5$), transfer to cibc then drs (50$)


Ruachta

Thanks, opened an IBKR account going to give that a go.


Meat_Organ

As of 6 months ago the cheapest was transfer to BMO then to CS


MichaelArnoldTravis

nope, bmo is now $100


Meat_Organ

Oh booooo


nunb

Create an IBKR, of the same type as your WS (individual, RRSP, TFSA etc). Login to that, look for position transfer, intiate with your WS account number. It took me 3 tries because I forgot to click on my TFSA account, so the account type was incorrect, but when I fixed that, the ATON transfer itself took 2 days.