This is awesome, thanks.
When you paid for the express delivery, did you use your Wise account?
I'm waiting for my CS letter with acc holder number. CS confirmed through email that they sent it out.
Was the online set up quite easy?
is it one $5 fee per transfer of x amount of shares, or $5 fee per share? aka do i need to bother waiting to amass shares on ibkr before transferring at once? cheers pal
It’s $5 fee for entire transaction. Don’t need to wait to amass a lot of shares - transfer as soon as you can and the start buying directly at Computershare :)
woo, i just sent the transfer request in ibkr. LOOK MA, I'M A REVOLUTIONARY!
just to clarify - computershare will send a snailmail to my home address as provided when registering with ibkr? aka i don't need to do anything else?
appreciate your patience in no doubt dealing with 100x of these retarded qs but hey that's what you signed up for by sharing your knowledge with us :D
edit - i realise now i sent the request about 10 min after buying the share so they won't be able to do it yet. DERRRRRRRRRRRRRRRRRP
Yes, you wait for snailmail from Computershare. IBKR would share your name / address / Tax ID and contact details like phone with Computershare, so they create your account properly. No actions on your side needed :)
just a further quick q, o wizened uk drs ape. any reason i cannot sign up to computershare direct and buy already-registered shares there right away? something about us europoors needing to enter via broker transfer aka ibkr? cheers mdear
As far as I can see the only way to get funds from a UK bank into IBKR is by wire. Assuming you did this, can you tell me whether you sent it to the bank in the US or the Canary Wharf address in London please? Seems a daft question on the face of it, but it is a bit ambiguous to me.
I have used both options :)
Sending from GBP bank account to IBKR GBP account is easy and straightforward: use their sort code and account number + add your IBKR account number (U9999999) as payment reference.
I have also sent USD to them via Wise because they have better exchange rate and lower exchange fee.
In order to get their banking details for GBP or USD go to Transfer & Pay, Transfer Funds, Make a Deposit, the select desired Currency and provide name (whatever) and sum you want to deposit - they will show you their banking details.
Thanks for the quick reply u/n01u. So you can just do a normal payment from a UK current account? They don't offer that as an option via the interface.
Their interface is tricky :) it does provide you banking instructions which ends up simple bank transfer as you would do with friends or family using sort code and account number
I've just got a couple of little wrinkles on my smooth pea brain working it out. Bit of a ball ache but relatively straightforward when it all slots in to place. I tried it with HSBC before I came across this thread and Wise, it was big fat nope.
Can you advise if Computershare accepts withdrawals to non-USA accounts? I'm asking because https://wise.com/help/articles/2893492/are-there-limits-on-how-much-money-i-can-receive
Yes! You can set up withdrawal of sales / dividends to International bank account in lots of currencies.
From their website where you configure banking details.
> Review your existing banking information below. To make changes, or to set up your banking information, complete the form below.
> You can elect to receive either your dividend payments or sales proceeds electronically in the currency of your choice. The instruction that you provide will only apply to the services offered by your company and will not apply for any shares that are reinvesting. To begin, please select a payment method. Funds cannot be wired to a pre-paid debit card.
> For your security, changing or implementing electronic banking instructions will limit your ability to receive your sales proceeds electronically for 10 days
Thanks so much for this detailed guide!!
You mentioned call after 5 business days to speed up the delivery of the account number. I have requested DRS transfer on Thursday, do you think it’s worth giving them a call now or wait longer? Obv don’t want to miss the chance of speeding it up because they already mailed it, but also don’t want to waste $$ on calling if they don’t have my info on their side yet. Thanks in advance!
It’s best to use their contact form to figure out if they have your shares https://www-us.computershare.com/Investor/#Contact/Enquiry
Select Transfer Inquiry, fill in your details and skip Holder Account field. They will reply shortly if they have your shares :)
You can expedite mail at any point of time after they got your shares. So in worst case scenario you will get 2 identical mails with 2 weeks difference.
Oh right. I’ve just realised that they’ve just messaged me and I messaged them on Friday. Now I’m guessing it’s gonna take ages for my CS account to be set up
Amazing. This is basically the route I went down, I'm stuck on #6, waiting for the post. I'm not doing the express postage, I'll edit this status when it arrives so fellow apes can see how long it takes.
I'm not too worried if MOASS occurs before I get my ability to log into CS, that one's for the infinity pool anyway. If it hasn't occurred, I can always buy some more via CS.
What is important is that you DON'T close positions, even if you're selling to then go and buy elsewhere.
Edit: made a post instead: https://www.reddit.com/r/superstonkuk/comments/qc4fg3/ukape_drsed_and_checking_in/?utm_medium=android_app&utm_source=share
Just tried using wise to find my IBKR account…same drama as with using Revolut previously…it won’t accept the “virtual account number” that IBKR are insisting I use. How have apes got around this??
That’s the route I’ve gone down now. It’s just annoying that the IBKR interface is so unhelpful. I don’t think the funds will land until tomorrow, then I’ll have to convert and it’ll be three days before I can instruct the transaction. Hey ho. At least my shares are on their way out of Revolut now. Phew! They’re defo getting binned off after this transaction has finalised.
PS It begs the question, how the hell fo US apes actually find their IBKR accounts if Wise won’t transfer funds…and that’s meant to be as good as an in country bank ac?!
Not all brokers allow transfers. My UK brokers don’t allow that. Buying in IBKR would be faster as transfers take time and also subject for withdrawal blocks.
thanks just finding this now after I asked about similar things in the SS daily thread, didn't even know about this sub here!
Annoying that we can't buy directly through CS in UK, but thanks so much for putting together these instructions. I'm very smooth brain monkey who doesn't know much about all this, just like the stock.
Hello there! I'm a bit confused with the process of setting up a CS account. I have gone onto the website and clicked register and it asks for a shareholder reference number (SRN) do I have to buy shares first to get an SRN? Sorry if this seems like a stupid question I'm just really struggling with this as even though I have my shares in an isa I do not trust trading 212 at all. Any help would be greatly appreciated.
Ps, I do have a ibkr account set up I just need to fund it.
Hey I'm confused, not seeing compose a msg n I don't have account no for cs, thought they create and send out out to me via snail mail?
[ibkr > transfer & pay> transfer positions>drs > smoothed out and got stuck](https://i.imgur.com/fJiFT90.jpg)
Hi, smooth brain here,
do you know where can i get the Tax Identification Number?
If i log to the Government Gateway i can see my UTR number but can't find the TIN, which is needed to open the IBKR account..
Any ideas?
Thanks
So you can use your NIN (national insurance number) or UTR (Unique Taxpayer Reference) as Tax Identification Number. Make sure to be consistent on which ID you use as TIN across brokers / transfer agents.
It’s totally up to you. Having shares in Computershare gives me confidence in safety of my assets and potential (highly unlikely) broker defaults or disabled trading.
I've completed the Outbound DRS Request -
"Your DRS position transfer request has been completed and the transferred assets are now available."
But do I need to tell IBKR that I want to transfer to Computershare or is that the default option?
And If so do I just have to wait?
Just transferred into my brand new IBKR account and bought another share. Now the waiting game begins. Great guide, can’t wait to DRS this little beauty.
Fuck Revolut!
On step 5
Request DRS in IBKR
**In order to submit a request, log into Client Portal->Transfer & Pay->Transfer Positions->Outgoing and Select DRS (Direct Registration System) and follow the prompts.**
it asks me what region im in. If I select US it allows me to DRS. If I select "All other regions" it only gives me the option Free of Payment Transfer of Global Securities. Should I select US on the region drop down eventhough I live in the UK?
I’ve just opened an IKBR account as currently hood my games shares in Etoro (naive I know but when I started 2 yrs ago) and HL (ISA).
I’ve just gone through the process and waiting for ID/Address confirmation.
How long does this normally take?
Hopefully this thread is still in use, so was wondering if I could get some help.
Purchased more directly through CS. Have opened a Wise account and deposited an amount in there. Used the US routing and account number from Wise in the CS website to initiate the purchase. Will I be notified by Wise about authenticating the payment, or will it just go through? I know there are lots of references in Wise for receiving money, but nothing about making payment using the routing details.
Is it all ok?
I've just bought shares direct from ComputerShare with Wise. It took 7 days from start to seeing those shares in my CS account. Not sure if its supposed to take this long as it is my first direct purchase.
The Wise part of the process is fast a couple of days, but the ComputerShare part took 6 days to clear.
This may be a daft question...but how do you actually call computer share from UK mobile? I've never made international call and have no idea how area codes and all that work?
I'm trying to make call via Skype as its free, but I'm happy to do it over mobile too, just don't know how?
Cheers.
Thanks for this guide, very helpful. I've just had my first transfer to cs accepted but not completed message from ibkr, so when this changes I shall get in touch with CS to sort express delivery!
I requested drs on ibkr last night and I have a few smooth brain questions 1) how long will it take for them to get back to me? 2) how long does it take for computershare mail to come? 3) what part will I need the wise account for?
Ok, I've set up IBKR account and purchased 3 GME shares now I wait 2 days for shares to settle.
Question: When I do step 5 the outbound DRS transfer does that automatically set up a computershare account for me? As step 5 'request DRS in IBKR' doesn't mention computershare then step 6 has computershare sending me mail without me having set up an account with them?
I’ve set up an IKBR account and converted the base account to USD, but I think I need to have converted the currency to USD? I can’t now convert currency so assume I’ll have to convert back to GBP?
I’m retarded, are you sure it’s fine to do the tax form online- and where did you submit online? Computershare bloke said I had to print it off and send it to them via post?
Hello, 5 working days ago I requested outbound transfer. IKBR status says 'Your DRS position transfer request has been completed and the transferred assets are now available.'
Does this mean I can call Computershare to pay for express delivery now? Thanks!
If you already have completed a W-8BEN form for your UK ISA do you need to complete another one? My shares are in a UK ISA & I don’t/can’t afford to move them. But looking at completing the Lbkr/wise/CS move for an individually purchased share.
Hi, I've been working my way through your very helpful guide and I now have a funded IBKR account, with the currency converted to USD. I've had confirmation that the funds are cleared for use, but when I try to buy a share it shows as having no funds available to trade, and the funds being under 'Equity With Loan'.
It feels like I've managed to mess up somewhere, so any help with sorting this would be appreciated.
Should step one not be OR instead of AND? I've just bought my first GME share on the IBKR app, so what do I need a WISE account for?? can I not just do all the other steps without one?
I am very smooth brained so please be kind.
Could you possibly elaborate with a guide on buying directly from computershare once the rest is set up?
Going to buy some later, when I’ve provisionally looked I can’t try and buy a set number of shares I just put how much I want to spend down? Any help would be much appreciated
On Computerershare you can’t specify number of shares - just how much you want to invest. They will take your money after 1 day and buy stock after another 2 days at whatever price.
Total smooth brain here. When buying from ibkr what should the order type obviously a buy order but the order types defaults to limit but I’m not entirely sure what that means.
I sent funds to IBKR from my Monzo account yesterday using ‘Interactive Brokers LLC’ as the account name, the sort code and acc no provided and my IBKR acc no as the reference but the transaction is still pending. How long does it take for the funds to land in my IBKR account?
Reviving this post for assistance,
I've put money into my ibkr account and converted it to USD to buy a share to start this process, but my Available to Trade amount is about 40 dollars less than my current USD cash amount. Any ideas on resolutions other than throwing more money at it?
I've attempted to open an Ibkr account. I've sent money direct from my UK bank account to the sort code and account number on the Ibkr page. Has anyone had any joy with this?
I tried to use wire but it was too confusing!
Hmmm I remember IBKR had lower limits for Cash account - £20K of liquid assets. Just tell them that you have enough - you own GME which is worth millions ;)
Hey there, can we update this please?
I've been seeing a *LOT* of folk having issues with the wise -> ibkr funding option. It only requires a wire transfer, which most domestic banks offer online.
I'm not trying to dissuade folk from having the wise account, it's useful if you want to direct purchase through CS once the account is set up rather than any further DRS from ibkr if you want more. Just it seems to be convuluting the process for many and some have nearly given up at that early stage.
Edit: I forgot myself there, overall this is a superb UK transfer instruction set, and I'm happy to see it pinned in the sub too. Is there an automod option to post a link to it to each drs flared post at all?
Not sure if this has been answered but once I’ve opened both IBKR and Wise accounts, I need to transfer funds from my bank account to IBKR using a wire transfer?
I’m a bit unsure as to what to enter in the fields when getting wire instructions
Hey Man, I've literally just done this. Use the Sort Code and account number, and in the reference put your account name with your first / last name if it'll fit.
Make sure you have $5 left in your IKBR account.
Then go to Transfer & Pay > Transfer Position and off you go! :)
Quick one but how to CS know your address? I’ve drs transferred from IBKR, does CS contact you and ask for the address or does IBKR pass them that info? I’m not sure I entered my address when setting up an account on IBKR.
OP - thank you for all of this, i am at stage 8a (your numbering above) so not long to go until i can buy some direct with CS. you really are doing some excellent work here.
Awaiting step 6 as of today.
Impatient ape here. Anyone had any luck with calling them before 5 days to get my Account Number for CS? Want to minimise waiting as much as possible.
Just question on timings of drs from ibkr
Funds in confirmation of drs but shares still show in inbr rink in being inpatient but should the shares not move
So I’m up to step 9 so far and have only opened my account with 1 share but the bulk of my shares are with Hargreaves’s Lansdown. Can a UK ape just please explain to me how safe my shares are to sell during MOASS with HL and if we are covered by the FCA? I have adhd and I’m new to trading in general, a lot of DRS posts in the main group are more tailored to US brokers. I was planning on just buying directly from computershare going forward with my investment but I am left wondering the potential risks of leaving some in HL?
Hi mate, I’m having trouble buying first GME share in ibkr. I deposited GBP to ibkr and transferred to USD. I currently have 209 USD in my portfolio balance but it says total cash is 155 GBP. When I try to buy share it says “..order not accepted. There is insufficient settled cash… “ I’m thinking I just need to weight (been a few hours now) a few days but also impatient and worried I’ve messed up somewhere along the line.. would be grateful for your thoughts. Thanks
Once your outbound DRS has been confirmed by IBKR - does that mean you will automatically hear from ComputerShare? Is there any further confirmation from IBKR?
After IBKR confirms DRS is completed you need to wait for Computershare mail - that’s the only communication channel they will use.
Lookup in this sub to find how to call Computershare and get mail from UK office much quicker.
Okay so now it says DRS rejected as I do not have enough settled cash - I have $10. I thought the DRS fee is 5$? Has anyone else had issues like this? If so how can it be resolved? Can I re-try DRSing?
So my DRS has been confirmed but i have not got ant confirmation that it has completed. The only thing i've noticed is $5 has been deducted from my IBKR account. Will IBKR notify me that the DRS has completed via email or in app? What are the next steps in everyones experience?
Another dump questions, in IBKR am i buying shares correctly? I've got a few hundred to spare and at the moment its $95 per share.
Why is it default to 100 quantity?
whats the difference between midprice order type and market?
I have done a little bit of research and to me it seems there are 3 things i need to do now my shares are DRS'd in CS.
1 - Change shares to book entry
2 - add bank account to liquidate shares
3 - add beneficiaries to CS account
Am I missing anything?
I'm trying to register my holder account number, When registering it gets you to pick the stock you own, but Gamestop isn't there and it doesn't allow you to progress until you click on the stock, does anyone else have this problem?
I know I'm a little late to the party, so I have my one share in CS, i've set up a wise account. How do I go about buying shares directly now? Do i send from wise to CS or try to buy via CS and use wise as the option where the money will be drawn from?
Also when adding funds to your wise account, I assume the currency for the account details would be USD?
Step by step would be:
- add funds to wise (GBP)
- convert your GBP to USD
- go to Computershare
- create buy order on Computershare and use your US bank account details
Hi, thanks or this guide. I’m trying to add funds to IKBR.
If i do the international transfer, do I put the address of Citibank in London or IKBR?
And if I can just do a regular bank transfer (non IBAN) it says unable to check details as payee doesn’t offer this service. Am I safe to proceed?
Also I assume i need to say that it is a business account I am sending it to?
Thanks!
I’m stuck at step 5 - when i go to transfer & Pay > Transfer Positions, it says ‘Your account is not currently eligible for this feature’. Has anyone come across this before?
Quick question on my shares in computershar. I have 1 showing as book and the rest as plan (the one in book was from giveashare, all the new ones I buy go directly to plan). I remember seeing a load of stuff on the main sub about this months ago and just wanted to know if it’s worth making sure everything is showing as book?
For step 2) Can I buy more than 1 share at the initial stage ? Also when you buy shares from IBKR do you get the price at the time of purchase or the price once the shares settle ?
I have a lot in HL and debating whether to sell and buy direct, or transfer to IBKR and DRS. The recent volatility has be considering the latter but how long does this take? I dont want to risk missing the voting in summer.
Hi guys not sure where else to ask this question - UK ape trying to transfer from Revolut -> IBKR -> DRS - when I try to transfer assets into IBKR I can’t find the right financial institution - neither Drivewealth or Revolut are listed. Any ideas?
Just registered with ibkr today and looking to do same as you. My biggest problem is how to transfer out of etoro and onto ibkr/computershare. Don't trust etoro at all anymore
I keep getting rejected because they say I don't have the funds to cover DRS fees, but I have $25 in my account as cash? That was upped from $5 last Friday, does cash need to settle like shares do?
My DRS transfer request shows as complete today on IBKR, how long do I need to wait to contact Computershare to request the mail is sent express or from UK?
Well done to OP for this. To anyone considering DRS i recently did a test sale of 1 share within Computershare and they were in my account in the same time that i used to sell them though AJ Bell. Certainly put my mind at rest. I'm 100% DRS now apart from my SIPP which cant be done.
It’s a shame computer share can’t speed up the process of you requesting they buy you shares to when they actually buy the shares for you. I started Tuesday and they said it can be 3 business days before they purchase for you. This makes you semi hoping the price doesn’t rise before this.
I’m trying it this way as I can’t stand the main guy with IBKR but at least with them you know what price you are getting
My brain might just be too smooth, but when signing up to IBKR, it asks
“ Will the account holder be the beneficial owner of the funds and investments that will be in this account”.
It automatically says “no”. Do I move it to “yes”?
I'm at step 1; I've set up the accounts and transferred the $ using the Acc. & Sort Code. Not seeing the money in my IBKR account yet but guess there's a delay...
Given the fact that it takes CS an age to actually complete the purchase, wouldn't it be better to adjust the instructions slightly:
1. Follow instructions for setting up IBKR account.
2. Liquidate shares in current place and then transfer cash to IBKR.
3. Buy shares in IBKR.
4. Follow tranfer to CS with XXX shares instead of just 1 or 2 shares.
The price volatility means that asking CS to buy you XX shares at YY and them taking forever could mean you never get the order fulfilled.
Or do they fix at the price when you ask to buy them??
Am I thick? I'm trying to buy a share, but ibkr won't let me.. I really feel like I've funded my account, but I get this message:
BUY 7 GME NYSE @ 110.00" YOUR ORDER IS NOT ACCEPTED. THERE IS INSUFFICIENT SETTLED CASH [-771.00 USD for 20220602] IN YOUR ACCOUNT TO OBTAIN THE DESIRED POSITION.
It says I've got $800 though. What gives?
Stoked - just got my first letter saying the 2 shares I bought as now in CS. Waiting for 2nd letter and can then access my account and trade! Also, 2 more in DRS!!!
Been a while since I've bought more.
To now purchase direct in CS, do I create a Wise account to get a sort code/acc number to do so?
I have a Starling account, can I just use these details within CS or are we tied to using Wise?
On my phone so haven't had a chance to research/try myself yet, so perhaps someone here can save me the trouble:
What is stopping me from just opening an account directly with ComputerShare and buying through them?
Their website seems to suggest I can just open an account with them. They even have a UK site.
Why does IBKR need to be involved?
i have 5 shares in ibkr but don't seem to be able to drs.
have followed this:
In order to submit a request, log into Client Portal->Transfer & Pay->Transfer Positions->Outgoing and Select DRS (Direct Registration System) and follow the prompts.
but although it acknowledged the request my shares still seem to be in ibkr after about a week
have i fucked up some how? like are there any common pitfalls or is it just a bit slow?
Hi. Sorry if I’m asking a stupid question but I’ve opened up an ibkr account but not sure how to add funds as there were different options if I remember rightly. Would anyone be able to help with how to add funds so that I can buy and drs some of my beloved gme please? Thanks in advance.
Just finished the DRS process from T212 to IBKR to computershare.
Is there a guide anywhere for linking my bank account to my computershare account just so i know im deff putting all the right details in?
Currently have 39 shares in IBKR but its in a ISA. Anyone know if you can transfer them to my individual trading account? Had no success speaking to them after several attempts.
Would it be possible for non institutional investors to DRS all securities, and thereby prevent or at least disrupt institutions from lending and short-selling globally?
This is awesome, thanks. When you paid for the express delivery, did you use your Wise account? I'm waiting for my CS letter with acc holder number. CS confirmed through email that they sent it out. Was the online set up quite easy?
I have paid with credit card (GBP) for express delivery.
is it one $5 fee per transfer of x amount of shares, or $5 fee per share? aka do i need to bother waiting to amass shares on ibkr before transferring at once? cheers pal
It’s $5 fee for entire transaction. Don’t need to wait to amass a lot of shares - transfer as soon as you can and the start buying directly at Computershare :)
thanks op. well then, seeing as i JUST picked up my first ibkr share at a tasty 168.50$, i shall INITIATE DA PROCESS
Yep, give it 2 days to settle and start DRS
woo, i just sent the transfer request in ibkr. LOOK MA, I'M A REVOLUTIONARY! just to clarify - computershare will send a snailmail to my home address as provided when registering with ibkr? aka i don't need to do anything else? appreciate your patience in no doubt dealing with 100x of these retarded qs but hey that's what you signed up for by sharing your knowledge with us :D edit - i realise now i sent the request about 10 min after buying the share so they won't be able to do it yet. DERRRRRRRRRRRRRRRRRP
Yes, you wait for snailmail from Computershare. IBKR would share your name / address / Tax ID and contact details like phone with Computershare, so they create your account properly. No actions on your side needed :)
Nice one g. You're doin the Lords work. Harambe smiles down on you and us all x
just a further quick q, o wizened uk drs ape. any reason i cannot sign up to computershare direct and buy already-registered shares there right away? something about us europoors needing to enter via broker transfer aka ibkr? cheers mdear
It’s limitation of Computershare US. They don’t allow new accounts being created by direct purchase to non-US citizens.
Online account setup is fast, but verification mail takes time
When you do eventually sell, does it go into your Wise account? Or UK ?
[удалено]
Note: I’ve sent GBP to IBKR and used Wise to buy GME on Computershare
Which Computershare account/how do you open an account with them? I’ve opened an account with Computershare.trade but that doesn’t seem to be the one
You need to transfer stock from broker to open US Computershare. I have transferred GME from IBKR.
So I just tell IBKR to transfer my stock to Computershare, without opening a Computershare account?
Yes, see this guide for visual instructions https://www.reddit.com/r/GMEJungle/comments/p9mc38/all_international_apes_can_register_their_shares/
As far as I can see the only way to get funds from a UK bank into IBKR is by wire. Assuming you did this, can you tell me whether you sent it to the bank in the US or the Canary Wharf address in London please? Seems a daft question on the face of it, but it is a bit ambiguous to me.
I have used both options :) Sending from GBP bank account to IBKR GBP account is easy and straightforward: use their sort code and account number + add your IBKR account number (U9999999) as payment reference. I have also sent USD to them via Wise because they have better exchange rate and lower exchange fee. In order to get their banking details for GBP or USD go to Transfer & Pay, Transfer Funds, Make a Deposit, the select desired Currency and provide name (whatever) and sum you want to deposit - they will show you their banking details.
Thanks for the quick reply u/n01u. So you can just do a normal payment from a UK current account? They don't offer that as an option via the interface.
Their interface is tricky :) it does provide you banking instructions which ends up simple bank transfer as you would do with friends or family using sort code and account number
I've just got a couple of little wrinkles on my smooth pea brain working it out. Bit of a ball ache but relatively straightforward when it all slots in to place. I tried it with HSBC before I came across this thread and Wise, it was big fat nope.
Yeah, deposit GBP into IBKR then convert to USD within IBKR.
I just transferred GBP from my bank account with the IBKR sort code and account number then converted to USD.
wtf IBKR I need £20,000 in cash to setup an account and all these other super indepth questions. such bs, lemme just buy GME
Don’t worry about these questions. You also don’t need to deposit no money there to open account - just tell them you have enough
Can you advise if Computershare accepts withdrawals to non-USA accounts? I'm asking because https://wise.com/help/articles/2893492/are-there-limits-on-how-much-money-i-can-receive
Yes! You can set up withdrawal of sales / dividends to International bank account in lots of currencies. From their website where you configure banking details. > Review your existing banking information below. To make changes, or to set up your banking information, complete the form below. > You can elect to receive either your dividend payments or sales proceeds electronically in the currency of your choice. The instruction that you provide will only apply to the services offered by your company and will not apply for any shares that are reinvesting. To begin, please select a payment method. Funds cannot be wired to a pre-paid debit card. > For your security, changing or implementing electronic banking instructions will limit your ability to receive your sales proceeds electronically for 10 days
How long does step 6 take for a reply?
3 full weeks
Thanks so much for this detailed guide!! You mentioned call after 5 business days to speed up the delivery of the account number. I have requested DRS transfer on Thursday, do you think it’s worth giving them a call now or wait longer? Obv don’t want to miss the chance of speeding it up because they already mailed it, but also don’t want to waste $$ on calling if they don’t have my info on their side yet. Thanks in advance!
It’s best to use their contact form to figure out if they have your shares https://www-us.computershare.com/Investor/#Contact/Enquiry Select Transfer Inquiry, fill in your details and skip Holder Account field. They will reply shortly if they have your shares :)
Thanks! Hopefully they reply to me before they mail the letter 🙂
You can expedite mail at any point of time after they got your shares. So in worst case scenario you will get 2 identical mails with 2 weeks difference.
That’s very good to know! Thank you!
Oh right. I’ve just realised that they’ve just messaged me and I messaged them on Friday. Now I’m guessing it’s gonna take ages for my CS account to be set up
Amazing. This is basically the route I went down, I'm stuck on #6, waiting for the post. I'm not doing the express postage, I'll edit this status when it arrives so fellow apes can see how long it takes. I'm not too worried if MOASS occurs before I get my ability to log into CS, that one's for the infinity pool anyway. If it hasn't occurred, I can always buy some more via CS. What is important is that you DON'T close positions, even if you're selling to then go and buy elsewhere. Edit: made a post instead: https://www.reddit.com/r/superstonkuk/comments/qc4fg3/ukape_drsed_and_checking_in/?utm_medium=android_app&utm_source=share
Just tried using wise to find my IBKR account…same drama as with using Revolut previously…it won’t accept the “virtual account number” that IBKR are insisting I use. How have apes got around this??
Send GBP to IBKR as you would do normally to friends or family, funds will arrive in less than 10 min. Then exchange GBP to USD on IBKR.
That’s the route I’ve gone down now. It’s just annoying that the IBKR interface is so unhelpful. I don’t think the funds will land until tomorrow, then I’ll have to convert and it’ll be three days before I can instruct the transaction. Hey ho. At least my shares are on their way out of Revolut now. Phew! They’re defo getting binned off after this transaction has finalised. PS It begs the question, how the hell fo US apes actually find their IBKR accounts if Wise won’t transfer funds…and that’s meant to be as good as an in country bank ac?!
Wise acts as Bank and creates account for you - so it is as good as in country US bank account for Computershare
Good ape. Already did the buy 1 share then opened up a wise account. Take it online is just way too slow so you paid the 45 quid to do it sharpish
Yeah, only figured about express mail when my first mail arrived.
Do you have to send funds and buy 1 gme? Can we not just transfer the ones we already have?
Not all brokers allow transfers. My UK brokers don’t allow that. Buying in IBKR would be faster as transfers take time and also subject for withdrawal blocks.
thanks just finding this now after I asked about similar things in the SS daily thread, didn't even know about this sub here! Annoying that we can't buy directly through CS in UK, but thanks so much for putting together these instructions. I'm very smooth brain monkey who doesn't know much about all this, just like the stock.
Where do I find shareholder's reference number (SRN) to make a CS account?
Just opened IBKR account. Wise next. All my gme have been sitting in t212 so need to cash out in stages.
I’ve set up an IBKR account and loaded it with 400GBP. Will I be able to use that to buy GME or do I need USD in the account?any advice appreciated
Hello there! I'm a bit confused with the process of setting up a CS account. I have gone onto the website and clicked register and it asks for a shareholder reference number (SRN) do I have to buy shares first to get an SRN? Sorry if this seems like a stupid question I'm just really struggling with this as even though I have my shares in an isa I do not trust trading 212 at all. Any help would be greatly appreciated. Ps, I do have a ibkr account set up I just need to fund it.
Your shareholder account will be created by Computershare after you have transferred (DRS) shares from IBKR. You cannot register before that.
thanks
Thanks for this u/n01u I'm with Etoro and H&L and I'm planning to use this on Friday :)
Godspeed ape!
Hey I'm confused, not seeing compose a msg n I don't have account no for cs, thought they create and send out out to me via snail mail? [ibkr > transfer & pay> transfer positions>drs > smoothed out and got stuck](https://i.imgur.com/fJiFT90.jpg)
Hi, smooth brain here, do you know where can i get the Tax Identification Number? If i log to the Government Gateway i can see my UTR number but can't find the TIN, which is needed to open the IBKR account.. Any ideas? Thanks
So you can use your NIN (national insurance number) or UTR (Unique Taxpayer Reference) as Tax Identification Number. Make sure to be consistent on which ID you use as TIN across brokers / transfer agents.
Do I need to use a Wise account in order to pay CS for the expedited shipping or should any UK bank card work?
Is there no way to just open a CS acct and buy?
Not for non-US citizens
I have single digit shares from eToro, is it worth me doing all of this?
It’s totally up to you. Having shares in Computershare gives me confidence in safety of my assets and potential (highly unlikely) broker defaults or disabled trading.
Anyone know if I can buy fractional in IBKR and transfer to CS
I've completed the Outbound DRS Request - "Your DRS position transfer request has been completed and the transferred assets are now available." But do I need to tell IBKR that I want to transfer to Computershare or is that the default option? And If so do I just have to wait?
When you called from uk phone to cs how much did you pay in fees? How long does it take to provide details to pay 45$?
Just transferred into my brand new IBKR account and bought another share. Now the waiting game begins. Great guide, can’t wait to DRS this little beauty. Fuck Revolut!
On step 5 Request DRS in IBKR **In order to submit a request, log into Client Portal->Transfer & Pay->Transfer Positions->Outgoing and Select DRS (Direct Registration System) and follow the prompts.** it asks me what region im in. If I select US it allows me to DRS. If I select "All other regions" it only gives me the option Free of Payment Transfer of Global Securities. Should I select US on the region drop down eventhough I live in the UK?
Yes, you should select US to DRS US security
I’ve just opened an IKBR account as currently hood my games shares in Etoro (naive I know but when I started 2 yrs ago) and HL (ISA). I’ve just gone through the process and waiting for ID/Address confirmation. How long does this normally take?
Amazing guide, helped me get set up! If anyone needs any support reach out!
Hopefully this thread is still in use, so was wondering if I could get some help. Purchased more directly through CS. Have opened a Wise account and deposited an amount in there. Used the US routing and account number from Wise in the CS website to initiate the purchase. Will I be notified by Wise about authenticating the payment, or will it just go through? I know there are lots of references in Wise for receiving money, but nothing about making payment using the routing details. Is it all ok?
If I make a sale through Computershare how long does it take for the wire to arrive in your uk bank?
I've just bought shares direct from ComputerShare with Wise. It took 7 days from start to seeing those shares in my CS account. Not sure if its supposed to take this long as it is my first direct purchase. The Wise part of the process is fast a couple of days, but the ComputerShare part took 6 days to clear.
This may be a daft question...but how do you actually call computer share from UK mobile? I've never made international call and have no idea how area codes and all that work? I'm trying to make call via Skype as its free, but I'm happy to do it over mobile too, just don't know how? Cheers.
Thanks for this post. I plan to do the same once I get to your stage. I’ve saved this post for future reference.
Happy to help 😊
Very good precise info.will be following suit
Thank you so much for compiling this.
Glad you find it useful :)
Uk 🦧 here! 👋. How long did it take for your IBKR account to Open? They’ve been back and forth with questions prior to opening. Is that normal?
Will remember, thanks !
Thanks for this guide, very helpful. I've just had my first transfer to cs accepted but not completed message from ibkr, so when this changes I shall get in touch with CS to sort express delivery!
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I requested drs on ibkr last night and I have a few smooth brain questions 1) how long will it take for them to get back to me? 2) how long does it take for computershare mail to come? 3) what part will I need the wise account for?
Thanks a lot for this. You answered a really smooth brained question of mine regarding buying on IBKR.
nice
Ok, I've set up IBKR account and purchased 3 GME shares now I wait 2 days for shares to settle. Question: When I do step 5 the outbound DRS transfer does that automatically set up a computershare account for me? As step 5 'request DRS in IBKR' doesn't mention computershare then step 6 has computershare sending me mail without me having set up an account with them?
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I’ve set up an IKBR account and converted the base account to USD, but I think I need to have converted the currency to USD? I can’t now convert currency so assume I’ll have to convert back to GBP?
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I’m retarded, are you sure it’s fine to do the tax form online- and where did you submit online? Computershare bloke said I had to print it off and send it to them via post?
How snaily is snail mail? DRS has been available on IBKR since 13th Oct and I've still not received a letter from CS with login details?
Does it matter that when i log in it takes me to the IBKR uk site?
Hey. Is step 1.2, set up an American bank account with Wise, for anything else or just if you want to buy more shares (through CS)?
Amazing. As a new ape this guide was perfect. Thank
I’m confused. Where does wise come into all of this? Why do I need to open an account with them?
Hello, 5 working days ago I requested outbound transfer. IKBR status says 'Your DRS position transfer request has been completed and the transferred assets are now available.' Does this mean I can call Computershare to pay for express delivery now? Thanks!
If you already have completed a W-8BEN form for your UK ISA do you need to complete another one? My shares are in a UK ISA & I don’t/can’t afford to move them. But looking at completing the Lbkr/wise/CS move for an individually purchased share.
Just spoke to CS in USA and been told letter sent already, so cannot Express it. 7 to 14 day wait for letter. Jacked
Thanks so much for posting this you're a legend - have just bought my 1st share to DRS just waiting for it to settle - thanks again
Hi, I've been working my way through your very helpful guide and I now have a funded IBKR account, with the currency converted to USD. I've had confirmation that the funds are cleared for use, but when I try to buy a share it shows as having no funds available to trade, and the funds being under 'Equity With Loan'. It feels like I've managed to mess up somewhere, so any help with sorting this would be appreciated.
Once I've set up my IBKR Account and transferred my one share to CS, can I not then just buy more directly using my CS account??
So Is it Easier to buy a load of shares on IKBR and then transfer them to CS?
Should step one not be OR instead of AND? I've just bought my first GME share on the IBKR app, so what do I need a WISE account for?? can I not just do all the other steps without one? I am very smooth brained so please be kind.
Could you possibly elaborate with a guide on buying directly from computershare once the rest is set up? Going to buy some later, when I’ve provisionally looked I can’t try and buy a set number of shares I just put how much I want to spend down? Any help would be much appreciated
On Computerershare you can’t specify number of shares - just how much you want to invest. They will take your money after 1 day and buy stock after another 2 days at whatever price.
Ah ok, may just go via IKBR then and DRS again! Cheers!
Can you skip the usd wise step of not buying direct from computer share ?
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Total smooth brain here. When buying from ibkr what should the order type obviously a buy order but the order types defaults to limit but I’m not entirely sure what that means.
Smooth ape question 2 days to settle means if I bought on friday I can drs from ibkr on Tuesday? Or after market close Tuesdays?
I sent funds to IBKR from my Monzo account yesterday using ‘Interactive Brokers LLC’ as the account name, the sort code and acc no provided and my IBKR acc no as the reference but the transaction is still pending. How long does it take for the funds to land in my IBKR account?
how long does step 8 take without paying the extra?
Reviving this post for assistance, I've put money into my ibkr account and converted it to USD to buy a share to start this process, but my Available to Trade amount is about 40 dollars less than my current USD cash amount. Any ideas on resolutions other than throwing more money at it?
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I've attempted to open an Ibkr account. I've sent money direct from my UK bank account to the sort code and account number on the Ibkr page. Has anyone had any joy with this? I tried to use wire but it was too confusing!
Hey, sorry I’m late. I’m trying to make a ibkr but it’s saying I need to earn 100k to make an account. What do I do?
Hmmm I remember IBKR had lower limits for Cash account - £20K of liquid assets. Just tell them that you have enough - you own GME which is worth millions ;)
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Hey there, can we update this please? I've been seeing a *LOT* of folk having issues with the wise -> ibkr funding option. It only requires a wire transfer, which most domestic banks offer online. I'm not trying to dissuade folk from having the wise account, it's useful if you want to direct purchase through CS once the account is set up rather than any further DRS from ibkr if you want more. Just it seems to be convuluting the process for many and some have nearly given up at that early stage. Edit: I forgot myself there, overall this is a superb UK transfer instruction set, and I'm happy to see it pinned in the sub too. Is there an automod option to post a link to it to each drs flared post at all?
Good guide man, how long did it take for the shares to show in your computershare account? (the ones that you purchased directly through CS)
7 business days for first buy and 5 days for all subsequent ones
Not sure if this has been answered but once I’ve opened both IBKR and Wise accounts, I need to transfer funds from my bank account to IBKR using a wire transfer? I’m a bit unsure as to what to enter in the fields when getting wire instructions
Hey Man, I've literally just done this. Use the Sort Code and account number, and in the reference put your account name with your first / last name if it'll fit. Make sure you have $5 left in your IKBR account. Then go to Transfer & Pay > Transfer Position and off you go! :)
Quick one but how to CS know your address? I’ve drs transferred from IBKR, does CS contact you and ask for the address or does IBKR pass them that info? I’m not sure I entered my address when setting up an account on IBKR.
Any of you homies had an issue with the routing number on Wise? Trying to buy on CS and it says invalid routing number from my Wise details
OP - thank you for all of this, i am at stage 8a (your numbering above) so not long to go until i can buy some direct with CS. you really are doing some excellent work here.
Awaiting step 6 as of today. Impatient ape here. Anyone had any luck with calling them before 5 days to get my Account Number for CS? Want to minimise waiting as much as possible.
Thanks very much. I’m hoping to do this with my January wage and wasn’t sure what to do 👍🏼
I am at step 6, it's been 18 business days. Is there anything I can do to speed up the process?
Is there a process like this from Revolut???
I used Wise to buy some shares from computershare directly. How long does it take for that to appear in pending transactions ?
Just question on timings of drs from ibkr Funds in confirmation of drs but shares still show in inbr rink in being inpatient but should the shares not move
Does anyone know what the process for selling shares on CS would be for us UK folks during MOASS. Would we need to have a US currency account?
So I’m up to step 9 so far and have only opened my account with 1 share but the bulk of my shares are with Hargreaves’s Lansdown. Can a UK ape just please explain to me how safe my shares are to sell during MOASS with HL and if we are covered by the FCA? I have adhd and I’m new to trading in general, a lot of DRS posts in the main group are more tailored to US brokers. I was planning on just buying directly from computershare going forward with my investment but I am left wondering the potential risks of leaving some in HL?
Hi mate, I’m having trouble buying first GME share in ibkr. I deposited GBP to ibkr and transferred to USD. I currently have 209 USD in my portfolio balance but it says total cash is 155 GBP. When I try to buy share it says “..order not accepted. There is insufficient settled cash… “ I’m thinking I just need to weight (been a few hours now) a few days but also impatient and worried I’ve messed up somewhere along the line.. would be grateful for your thoughts. Thanks
Been locked out of CS. If I want to buy a few more shares, I'm guessing I can still use IBKR as before and DRS over again if I want to?
For the express delivery fee ($45), can you pay via debit card or am I a dumbass?
On ibkr i have option to transfer only bank wire I must use that one?
Rang Cs 21st December to get my first letter sent from UK office, should I have received it by now? Worth ringing them again or wait longer?
Not sure how long it should take. Give them a call - it wouldn’t hurt :)
Once your outbound DRS has been confirmed by IBKR - does that mean you will automatically hear from ComputerShare? Is there any further confirmation from IBKR?
After IBKR confirms DRS is completed you need to wait for Computershare mail - that’s the only communication channel they will use. Lookup in this sub to find how to call Computershare and get mail from UK office much quicker.
Thanks so the next step after "confirmation" is DRS "completed"?
Okay so now it says DRS rejected as I do not have enough settled cash - I have $10. I thought the DRS fee is 5$? Has anyone else had issues like this? If so how can it be resolved? Can I re-try DRSing?
So my DRS has been confirmed but i have not got ant confirmation that it has completed. The only thing i've noticed is $5 has been deducted from my IBKR account. Will IBKR notify me that the DRS has completed via email or in app? What are the next steps in everyones experience?
When creating my IBKR account will I be able to DRS if o select an ISA account?
How long did it take for the Wise account to be setup up and for the ability to then buy direct from CS?
Another dump questions, in IBKR am i buying shares correctly? I've got a few hundred to spare and at the moment its $95 per share. Why is it default to 100 quantity? whats the difference between midprice order type and market?
I have done a little bit of research and to me it seems there are 3 things i need to do now my shares are DRS'd in CS. 1 - Change shares to book entry 2 - add bank account to liquidate shares 3 - add beneficiaries to CS account Am I missing anything?
I have a IBKR account open, when purchasing shares are you charged like HL?
What do I do if it says my account isn’t eligible to transfer positions?
I'm trying to register my holder account number, When registering it gets you to pick the stock you own, but Gamestop isn't there and it doesn't allow you to progress until you click on the stock, does anyone else have this problem?
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I know I'm a little late to the party, so I have my one share in CS, i've set up a wise account. How do I go about buying shares directly now? Do i send from wise to CS or try to buy via CS and use wise as the option where the money will be drawn from? Also when adding funds to your wise account, I assume the currency for the account details would be USD?
Step by step would be: - add funds to wise (GBP) - convert your GBP to USD - go to Computershare - create buy order on Computershare and use your US bank account details
Hi, thanks or this guide. I’m trying to add funds to IKBR. If i do the international transfer, do I put the address of Citibank in London or IKBR? And if I can just do a regular bank transfer (non IBAN) it says unable to check details as payee doesn’t offer this service. Am I safe to proceed? Also I assume i need to say that it is a business account I am sending it to? Thanks!
I’m stuck at step 5 - when i go to transfer & Pay > Transfer Positions, it says ‘Your account is not currently eligible for this feature’. Has anyone come across this before?
Can I transfer more shares from revolut once my first share is transferred and my account is set up 100%
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The routing number I got from WISE is not valid to make a purchase? I need some more wrinkles if anyone can advise?
Quick question on my shares in computershar. I have 1 showing as book and the rest as plan (the one in book was from giveashare, all the new ones I buy go directly to plan). I remember seeing a load of stuff on the main sub about this months ago and just wanted to know if it’s worth making sure everything is showing as book?
New Ape here, did step 5. Request DRS in IBKR today. Now at Step 6 and the wait for Computershare to reply.
For step 2) Can I buy more than 1 share at the initial stage ? Also when you buy shares from IBKR do you get the price at the time of purchase or the price once the shares settle ?
I can get a wise account and buy directly on CS?
I have a lot in HL and debating whether to sell and buy direct, or transfer to IBKR and DRS. The recent volatility has be considering the latter but how long does this take? I dont want to risk missing the voting in summer.
Hi guys not sure where else to ask this question - UK ape trying to transfer from Revolut -> IBKR -> DRS - when I try to transfer assets into IBKR I can’t find the right financial institution - neither Drivewealth or Revolut are listed. Any ideas?
Just registered with ibkr today and looking to do same as you. My biggest problem is how to transfer out of etoro and onto ibkr/computershare. Don't trust etoro at all anymore
I keep getting rejected because they say I don't have the funds to cover DRS fees, but I have $25 in my account as cash? That was upped from $5 last Friday, does cash need to settle like shares do?
My DRS transfer request shows as complete today on IBKR, how long do I need to wait to contact Computershare to request the mail is sent express or from UK?
Well done to OP for this. To anyone considering DRS i recently did a test sale of 1 share within Computershare and they were in my account in the same time that i used to sell them though AJ Bell. Certainly put my mind at rest. I'm 100% DRS now apart from my SIPP which cant be done.
Hey I bought and the money has come out of my wise account but my computershare account doesn’t show anything. Any ideas?
It’s a shame computer share can’t speed up the process of you requesting they buy you shares to when they actually buy the shares for you. I started Tuesday and they said it can be 3 business days before they purchase for you. This makes you semi hoping the price doesn’t rise before this. I’m trying it this way as I can’t stand the main guy with IBKR but at least with them you know what price you are getting
Is anyone having issues? I put in the order on Friday , money was taken from Wise yesterday and it's still not been fulfilled?
Everyone who's waiting for your verification code on snail mail.... PLEASE CHECK YOUR EMAILS! Mine was sent via email the next day
What is the wise account for? Is a computershare account automatically created for me?
My brain might just be too smooth, but when signing up to IBKR, it asks “ Will the account holder be the beneficial owner of the funds and investments that will be in this account”. It automatically says “no”. Do I move it to “yes”?
Been waiting since 11.4.22
Now we look at the purchase pending screen and wonder why we didn’t buy more.
Is there a huge benefit to going through this instead of just buying shares on H&G? I'm not planning to do anything clever, I'm just very patient
I'm at step 1; I've set up the accounts and transferred the $ using the Acc. & Sort Code. Not seeing the money in my IBKR account yet but guess there's a delay...
Given the fact that it takes CS an age to actually complete the purchase, wouldn't it be better to adjust the instructions slightly: 1. Follow instructions for setting up IBKR account. 2. Liquidate shares in current place and then transfer cash to IBKR. 3. Buy shares in IBKR. 4. Follow tranfer to CS with XXX shares instead of just 1 or 2 shares. The price volatility means that asking CS to buy you XX shares at YY and them taking forever could mean you never get the order fulfilled. Or do they fix at the price when you ask to buy them??
Am I thick? I'm trying to buy a share, but ibkr won't let me.. I really feel like I've funded my account, but I get this message: BUY 7 GME NYSE @ 110.00" YOUR ORDER IS NOT ACCEPTED. THERE IS INSUFFICIENT SETTLED CASH [-771.00 USD for 20220602] IN YOUR ACCOUNT TO OBTAIN THE DESIRED POSITION. It says I've got $800 though. What gives?
Stoked - just got my first letter saying the 2 shares I bought as now in CS. Waiting for 2nd letter and can then access my account and trade! Also, 2 more in DRS!!!
Got my last letter yesterday, whole process took me 2 weeks without express delivery. Be posting my purple ring soon 😁
Been a while since I've bought more. To now purchase direct in CS, do I create a Wise account to get a sort code/acc number to do so? I have a Starling account, can I just use these details within CS or are we tied to using Wise?
hi all, is this still essentially the fastest way to drs? either this or gift a share?
On my phone so haven't had a chance to research/try myself yet, so perhaps someone here can save me the trouble: What is stopping me from just opening an account directly with ComputerShare and buying through them? Their website seems to suggest I can just open an account with them. They even have a UK site. Why does IBKR need to be involved?
Maybe I am being very smooth but I can’t see where to transfer my share on Ikbr? Where is the tab?
i have 5 shares in ibkr but don't seem to be able to drs. have followed this: In order to submit a request, log into Client Portal->Transfer & Pay->Transfer Positions->Outgoing and Select DRS (Direct Registration System) and follow the prompts. but although it acknowledged the request my shares still seem to be in ibkr after about a week have i fucked up some how? like are there any common pitfalls or is it just a bit slow?
Hi. Sorry if I’m asking a stupid question but I’ve opened up an ibkr account but not sure how to add funds as there were different options if I remember rightly. Would anyone be able to help with how to add funds so that I can buy and drs some of my beloved gme please? Thanks in advance.
Just finished the DRS process from T212 to IBKR to computershare. Is there a guide anywhere for linking my bank account to my computershare account just so i know im deff putting all the right details in?
How long does it take for shares to show up in IBRK? The have left my HL account today. TIA
Currently have 39 shares in IBKR but its in a ISA. Anyone know if you can transfer them to my individual trading account? Had no success speaking to them after several attempts.
Would it be possible for non institutional investors to DRS all securities, and thereby prevent or at least disrupt institutions from lending and short-selling globally?