How do I transfer my portfolio to Stake?
Transferring your existing U.S. shares to Stake is a simple, seamless, and 100% digital process. It only takes a few minutes to submit a transfer request, then we’ll do all the heavy lifting. Plus, if your first full transfer is valued at U.S.$500 or more, you’ll get a bonus Dropbox stock on us.
If you already have the Stake app, follow the instructions below to bring your portfolio. If you don’t, download it first from the App Store or Google Play Store.
Log into your Stake account
Got to Account > Portfolio transfers > Wall St portfolio transfer
Scan the QR code and follow the instructions
Remember to check if your current broker charges fees to transfer shares out of their platform.
How long will my Wall St portfolio transfer take?
Initiating your share transfer request takes minutes. It's fast and paperless.
Our data has shown us that the average time it should take for your U.S. stocks to land in your Stake account is 2-3 weeks. Transfers are sometimes delayed due to the departing broker not releasing your shares. We will always do everything in our power to complete your portfolio transfer as quickly as possible.
How do I transfer out of Stake?
Outgoing Transfer Process
At Stake, much like exiting a trade, we make the share transfer out process as seamless as possible.
To initiate this, simply contact your receiving broker and submit a share transfer request.
Whilst we fully support both ACATS and DTC transfers, the method of transfer will depend on the external broker, so it is best to check directly with them as to which method they support. If the external broker supports ACATS, the share transfer will be processed via ACATS.
Once you've filled out the relevant paperwork with them, you will need to complete this form here - Outgoing Share Transfer Form. Once filled out, please send this form to support@hellostake.com. Upon receipt of your request from your receiving broker, we will verify your positions and approve the outgoing share transfer.
No need to fund
You’ve already got the U.S. portfolio, so once it’s across you can manage your investing as per usual, just now on Stake.
Fees & items to note
If your receiving broker cannot support ACATS transfers, your transfer will need to be completed via DTC, which will cost U.S.$50/position (U.S.$200 minimum). ACATS transfers currently cost U.S.$65 irrespective of the number of positions transferred.
For outgoing DRS transfers (to transfer agents/registries), this will incur a cost of U.S.$200 per position and will entail a separate process. To initiate this process, please email support@hellostake.com.
Please ensure you have a sufficient cash balance in your buying power prior to commencing the transfer out, otherwise it will be rejected. Your new broker may also charge a fee for incoming transfers, so please make sure you are aware of these prior to commencing the process.
Note that fractional shares cannot be transferred out - you can liquidate the fractional component and then transfer the settled cash as part of your portfolio transfer (cash positions cannot be transferred via DTC, only via ACATS).
ACATS vs DTC
ACATS (Automated Customer Account Transfer System) is a faster transfer method compared to DTC and allows for the transfer of equities + cash. DTC is a slower, more manual and generally costlier process. Additionally, DTC transfers only allow for the transfer of equities (not cash).
To read more about ACATS, please click here - What is ACATS? Unlike ACATS which is processed through an automated system, a DTC transfer occurs via manual communication between brokers, which leads to lengthier processing times. You can read more about the role of the Depository Trust Company (DTC) and how their clearing facility settles the transfer of ownership between issuers (brokers) here - How issuers work with DTC.
Extra information
Your shares in your outgoing account must settle before being transferred. If they have not, please wait 2 trading days from your most recent buy/sell transaction before initiating a request. Otherwise, there may be a delay in the transfer process.
We are unfortunately not able to accept portfolio transfers from Sharesies. This is due to their systems not being able to facilitate the transfer.
Free stock is available for all full portfolio transfers over U.S.$500 only. Charges may apply from your existing broker to transfer out of their service.
See Stake pricing page, terms and conditions and privacy policy.
Any questions
We’re around to ensure you spend less time on forms and more time exploring opportunities. Just email us at support@hellostake.com and we’ll make sure you're one step closer to Wall St.
