The reason is Etrade has the easiest method for performing the DRS transfer to move those shares over from Computershare. Fill out the Etrade DRS transfer form and upload it to your account. Takes about a week for the shares to arrive. No fee.
How do I transfer shares from Computershare?
You may transfer or gift shares from your CIP account by completing a Transfer of Ownership Form. A Transfer of Ownership Form is available to download and print at www.computershare.com. Transfers may be made in book-entry form or in certificate form. There may be a fee for issuing a certificate, see page 15.
Does Computershare charge to transfer stock?
Computershare is a stock transfer agent, which means that it holds corporate shareholder records. Publicly held companies usually designate one such company to transfer stock for them. Unlike a traditional or online broker, there are no fees associated with making trades.
How do you get stocks off Computershare?
Simply sign in to your account, and from the ‘my summary’ page, go to the withdrawal tab. Enter the amount you want to withdraw and follow the instructions. If we do not have any nominated bank details, these can be added during the online withdrawal process.
Can you transfer shares of stock to another brokerage?
You can transfer an entire stock trading account or particular stocks from one brokerage to another. … If you have stock held in a different way, like bought directly from a company or held through a paper stock certificate, you can generally transfer this to a brokerage too.
How much does Computershare charge to sell shares?
The current sales order fee consists of a service fee of $15.00 per transaction and a processing fee of $0.12 per each whole share and fraction sold, which includes any applicable brokerage commissions Computershare is required to pay.
Can I sell my shares through Computershare?
If you would like to sell shares you already hold, you can use Investor Trade, Computershare’s online share sale facility for issuer sponsored securityholdings. The service is available to investors in companies where Computershare acts as share registrar.
How long does it take to transfer shares from Computershare?
This process normally takes approximately 4 to 5 weeks. Dividend/distribution payments are declared by the Company’s Board of Directors and are usually paid on a quarterly basis. Computershare issues dividends/distributions to all holders as at the record date.
Does Computershare keep track of cost basis?
Covered means that transfer agents, such as Computershare, are required by the IRS to report cost basis to the individual and the IRS for such securities. What does ‘noncovered’ mean? … However, the security holder is still responsible for calculating cost basis for their individual tax returns.
Is Computershare a broker?
Computershare is a stock transfer agent, which means that it holds corporate shareholder records. … Computershare is not a brokerage and does not have a set fee for the purchase or sale of stock. Purchase and sales fees are determined by each company individually.
How long does it take to get your money when you sell stock?
Typically 3-5 business days. Proceeds from selling a stock or security will settle in your brokerage account 2 business days after the sale. After that, withdrawals from your brokerage account may take 1-3 business days to reach your linked bank account.
How does Computershare make money?
The company makes money on the margin income it obtains from its cash deposits (money to be paid out on behalf of its clients as shareholder dividends). Computershare provides stock registration and transfer services to listed companies and handles the dividend and other distributions on behalf of dozens of companies.
How do I cash out my Walmart stock?
How do I sell or transfer my stock, change the address on my stock account or replace a lost stock certificate? When you want to sell or transfer shares, update your mailing address or replace a lost stock certificate contact Computershare at 800-438-6278 or log in to your account at www.computershare.com/walmart.