r/Superstonk I 💜 Gamestnk Jun 01 '22 All-Seeing Upvote 1 Snek 1 Rocket Like 1 Computersharing Is Caring 1 Silver 12 Gold 1 Helpful 17 Wholesome 16

DRS/Computershare Megathread 06/2022 💻 Computershare

$GME shares Direct Registered at Computershare Update! -- 12.7 MILLION!!!🟣

https://preview.redd.it/77dtdr25hu391.png?width=645&format=png&auto=webp&s=0c46c42c2711d4d41e5598d9359af711d6c8b42d

NEW HERE? Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? Please ask away in the comments! Try to search the comments first to see if your question has been answered.

May Megathread

April Megathread

HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT? We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions.

WANT TO FIGURE IT OUT ON YOUR OWN? our comprehensive Computershare Guide

LIST OF CUSTODIANS - for IRA shares

IRA Guide -- involves moving shares to a custodian, please research the risks involved with various custodians

another IRA Guide, this time using an LLC

DTCC explaining DRS

When you buy through a broker-dealer, they will be in the "street name" aka they're registered with your broker-dealer.

What can they do with street name shares but not with direct registered shares? LEND THEM OUT TO SHORT SELLERS!

From DTCC - REDUCES RISK ASSOCIATED WITH PHYSICAL SECURITIES PROCESSING, INCLUDING TURNAROUND DELAYS, MAIL LOSSES AND RISKS ASSOCIATED WITH STOLEN, FORGED OR COUNTERFEIT SECURITIES*

link to Computershare's chart that shows that direct registered shares are removed from Cede & Co. / DTC: https://www.computershare.com/PublishingImages/company-share-structure.jpg

link to Computershare's FAQ page that also has that chart: https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies

FAQs

Do you want to post your DRS position but don't have enough karma? Post in r/GMEOrphans to feed the bot, there's no karma requirements there.

How to transfer from Fidelity? You can call or use the chat online and tell them you want to DRS your shares. They will send your shares over to Computershare for you. Once that happens, Computershare will send you a letter in the mail with your 'customer code' so you can set up an online CS account.

If you don't want to wait for the code, you may be able to verify your ID online - After your shares no longer appear in Fidelity you can simply go to CS and register for your account with your SSN, Zip code, and the name of Gamestop. They will ask a couple verification questions and then you will have an account. If this doesn't work the same day the shares disappear, then check back in a day or two.

Can I buy/open an account through Computershare? Yes. You have to create an account by adding your bank account info, then they send you a letter with your customer code. You use the code to create an online account. Once you have an online account you can create a purchase order. The money will take 3 days to settle, then they buy however many shares they can get with the amount of money you deposited. The shares take T + 2 days to settle.

If you're outside the US you can use Wise.com and set up a bank account there, same process. https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us

YOU CAN USE GIVEASHARE IF OUTSIDE USA

How to sell? You may request that Computershare sell all or a portion of your shares online at www.computershare.com. If you want to set the price you're comfortable with, a good-til-cancelled (GTC) limit order is your friend. If the stock reaches the price you set or higher, it will automatically sell for you.

Book vs Plan

Both plan and Book are removed from the DTC and are registered in your name. But there are two key differences between plan and book:

  1. Plan shares automatically re-invest any CASH based dividends (this does not apply to stock or crypto based dividends)
  2. Plan shares are held in a pool with Computershare. This means they can allow for fractional shares. Even the fractional shares are registered in your name and removed from the DTC. (So you can only convert whole shares to Book).

Transferred shares are automatically "book", and when you buy directly through Computershare they are automatically set to "plan".

Transfer Request forms

TDAmeritrade

DriveWealth

E*Trade

Wealth Simple

Chat with Fidelity

Guides for various brokers

IRA Guide using Mainstar as a custodian

SCREENSHOT of my Fidelity Chat from 03/30/22

Degiro to IBKR

Danish/English guide to transfer to and from IBKR

Guide for CANADA

How to DRS from Vanguard

Call the Vanguard Outbound DRS Transfer agent at: 855-730-0325

Provide them with your brokerage account details, your Social Security Number (they no longer rely on you providing your Computershare account number anymore), and how many shares you would like to transfer to Computershare.

Total call time was 8 minutes. They said it will take 5-7 business days to arrive in Computershare.

To Contact GME dept in Computershare - 800 522 6645

or https://www-us.computershare.com/Investor/#Contact/Enquiry

International number - 00800-3823-3823

If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but I will manually approve it for you💜!

To reduce clutter I will remove off-topic comments.

GME plan details

To search Superstonk posts for brokers, guides, anything using the platform u/Elegant-Remote6667 made click here

5.8k Upvotes

u/platinumsparkles I 💜 Gamestnk Jun 01 '22 edited Jun 08 '22 Silver

Do you know the answer to any of the questions you see here?

Don't be shy, help out!

✨Top 3 helpers every month get 700 coins and 1 month free Reddit Premium✨

edit: unless u/RomireIV or u/Bibic-Jr end up being one of the top helpers again; they volunteered to give their coins and Premium away this month, since they've been top helpers for 2 months in a row, and don't want to be a thread hog I love this community so much💜*)

so if they get it this month, I'll give their prize to the 4th and/or 5th place person

→ More replies

1

u/Flowapish I Voted ✅ Aug 17 '22

Guys how do I "offer" a DRS'ed shares to someone new? What would that cost? Would love starting offering shares to some close people. International Ape here... :)

1

u/theboxer16 Jul 26 '22

Finally started the transfer to DRS from Fidelity. Have 2 questions:

  1. I just initiated the transfer of all 1600 of my GME shares from Fidelity. How long should I expect it to take?

  2. I also just initiated a purchase of $13200 (around 400 shares at current price) directly with computer share. If today is the purchase date and it says the settlement date will be in 2 days will I be buying shares at the price when I purchased or will it be whatever the share price is when the transaction is finally settled?

1

u/Imvanillamatti 🦍 Buckle Up 🚀 Jul 07 '22

hello, is it normal that shares go from BOOK to PLAN when I make a 30 days limit sell order?

3

u/hakkyman Jul 01 '22

Hey guys I called up CS to get my DRS account number earlier without waiting for the letter. They asked for my address but is it normal for them to ask for my SSN/(tax file number) ? I thought I only enter that info myself when I get access to my account.

2

u/RomireIV Gamestop is my hobby Jul 01 '22

That is normal. Although it seems like it's more information than necessary, the Tax Identification Number (TIN) is the number used to identify you and create an account.

Every country has a different number though, so an American might ask for your SSN but they really just need your country's TIN. In your case, Australia's TIN is the TFA, tax file number, as you mentioned.

Note: Once you get access to your account make sure to fill out the tax withholdings form, either online in your account or via the W-8 BEN form you should get with your letters. You will need your TIN for this step as well. That step is required in order to avoid paying American capital gains tax on top of your own country's capital gains tax.

2

u/hakkyman Jul 01 '22

Oh ok that's good. also one more thing if I buy shares directly from computershare is that DRS'ed? Or do I have to DRS after buying from CS.

2

u/RomireIV Gamestop is my hobby Jul 01 '22

They will be DRS'ed. Computershare is a transfer agent and is only able to hold shares that are removed from the DTCC.

Note: All shares transferred to Computershare or bought through them have been taken off of the DTCC's books.

When you transfer whole shares to Computershare they will automatically be held in "Book" form (Book-entry Ownership). This means that they are registered under your name and are visible to the underlying company (GameStop), this is what some would call 'true DRS', but it doesn't really matter, the most important note is that it is out of the DTCC.

If you are set up for reoccurring payment plan and/or have partial shares in Computershare, then they are held in "Plan" form (Plan-entry Ownership). This means that Computershare holds the shares and has you recorded as the owner of the shares. If moved from plan to book only whole shares can be switched over since the can only be one name assigned to a share.

Shares will also be moved to Plan if you sign up for a Dividend Reinvestment Plan (DRIP), which only matters for stocks who distribute cash dividends and then Computershare will automatically buy more shares with the cash and place them into your account.

3

u/hakkyman Jul 01 '22

Oh man that's a lotta info I didn't know... xD thanks man! I'll try and buy wholes if I can

1

u/RomireIV Gamestop is my hobby Jul 01 '22

No problem, Have a great weekend!

2

u/PutPsychological8698 Jul 01 '22

To my pov, this info is used only if your are US citizen

1

u/hakkyman Jul 01 '22

oh I was asked this when I told the guy I was in AU

1

u/PutPsychological8698 Jul 01 '22

I dont think this info have been sended by your AU broker. That is why you habe to fill a W8 form

1

u/hakkyman Jul 01 '22

what do you mean? is that a bad thing? I called the US number and told him I was from au, he asked for my tax file number which is weird. isnt my name, address and order number enough at that point?

1

u/PutPsychological8698 Jul 01 '22

Maybe the Guy didnt ear that you are not US citizen. Did hé give you the CS account number ?

1

u/hakkyman Jul 01 '22

yeh he did, now I'm just waiting for verification code. oh is it normal to ask if I was in US? thats fine then I guess hes just following protocol

1

u/PutPsychological8698 Jul 01 '22

Yes it is normal for US citizen, at thé beginin of the call they request to dial the ssn

4

u/cheeqi-moonqi Gimme more GME Jun 30 '22

!DRSGME:VANGUARD!

2

u/derhyperschlaue DRS EXPOSES CORRUPTION! Jun 30 '22

Hey cheeqi-moonqi, thank you for summoning the DRSGME wizard! 🪄

You searched for VANGUARD
Best match Vanguard
Instructions Click here
Confidence 100 %

Visit WWW.DRSGME.ORG for more information about Direct Registering Shares (DRS).

3

u/ItsNotanM3 🎮 Power to the Players 🛑 Jun 29 '22

Maybe I missed it in the original post but is there a fee to DRS from fidelity? Finally getting the ball rolling on transferring my xx shares from cashapp and just want to be prepared for any fees.

2

u/platinumsparkles I 💜 Gamestnk Jul 01 '22

they haven't charged a fee for me, and I've done it twice from Fidelity

2

u/PutPsychological8698 Jun 29 '22

!DRSGME:FIDELITY!

1

u/derhyperschlaue DRS EXPOSES CORRUPTION! Jun 29 '22

Hey PutPsychological8698, thank you for summoning the DRSGME wizard! 🪄

You searched for FIDELITY
Best match Fidelity
Instructions Click here
Confidence 100 %

Visit WWW.DRSGME.ORG for more information about Direct Registering Shares (DRS).

2

u/PutPsychological8698 Jun 29 '22

I dont think there is fee to DRS from Fidelity, you can do it by chat, so easy

2

u/ItsNotanM3 🎮 Power to the Players 🛑 Jun 29 '22

Thank you!

2

u/sneaks678 💜 Power to the People 💜 Jun 29 '22 edited Jun 29 '22

How are y'all DRSing from Fidelity via chat? I've called before but wanted to do some more via chat cuz I'm shy lol.

I tried via their virtual assistant, did - "I want to do a DRS Transfer" - "I want to transfer shares"

Then the bot says "Shares can be transferred between your FIDELITY (emphasis mine) accounts online. To begin visit transfers," along with a contact us link which just brings up their phone numbers.

Is DRSing via chat done in a different chat? Thank you for any help.

Edit: Looks like it's under the web Page's contact us page, not the contact us page in the virtual assistant chat

5

u/karasuuchiha OG 🦍formation broker, tag me and ask for DD/Evidence Jun 29 '22

Frist ask for a real person, then select the first option then explain DRS my shares then wait for live person to assist.

3

u/JoanOriol 🦍Voted✅ Jun 28 '22

Can euroapes buy directly on Computershare after I have verified the account ? The bank account format is different from europeans

3

u/PutPsychological8698 Jun 28 '22

Sure, you can, you have to use an us bank account which can be provided by wise. You can find guide on DRSGME.org

https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us

I am french and direct purchase on CS throw wise

3

u/JoanOriol 🦍Voted✅ Jun 28 '22

Thanks a lot!!!!

2

u/PutPsychological8698 Jun 28 '22

My pleasure bro, let me know if you need help, keep spreading the word keep pushing Love you bro

3

u/Setanta2020 🦍Voted✅ Jun 28 '22

Has any uk apes who haven’t t their second letter been able to buy direct from computer share?

3

u/PutPsychological8698 Jun 28 '22

If you do not have access to your CS account, I dont think you can direct purchase on CS

3

u/Setanta2020 🦍Voted✅ Jun 28 '22

I have the account number just waiting on second letter for the invester centre. Thanks for the help. IBKR it will have to be then

2

u/C_Colin Very Horny for the Stonk Jun 28 '22

I went to log on from my phone today. I only ever login from my tablet. I entered all of my information in correctly, and bam, it locked me out temporarily. What gives?

2

u/Bibic-Jr DRSGME Broker Guide Educator💎🤙DRS IS MY DAD🤙💎 Jun 28 '22

When logging in on a new device you should get a security question and an email letting you know a new device is trying to log into your account. Sometimes the security question trips people up and locks them out for a day. Might that have happened here?

3

u/[deleted] Jun 26 '22

[deleted]

1

u/Bibic-Jr DRSGME Broker Guide Educator💎🤙DRS IS MY DAD🤙💎 Jun 28 '22

From what we've heard from a few apes there is no charge. But do let us know if that's not the case!

3

u/PutPsychological8698 Jun 26 '22

!DRSGME:MORGAN CHASE!

You should have the info on the wizard answer. Let me know if you need help

2

u/derhyperschlaue DRS EXPOSES CORRUPTION! Jun 26 '22

Hey PutPsychological8698, thank you for summoning the DRSGME wizard! 🪄

You searched for MORGAN CHASE
Best match JP Morgan Chase
Instructions Click here
Confidence 89 %

Visit WWW.DRSGME.ORG for more information about Direct Registering Shares (DRS).

1

u/TheeGing3 🦍Voted✅ Jun 25 '22

Can we talk about the likelihood of a general strike if major changes are not made to our economic systems? Our trajectory seems bad… APE could be the backbone that helps and grows their whole communities? Obviously main goal to secure own banana. But don’t want to let other ape not have any banana.

1

u/RomireIV Gamestop is my hobby Jun 25 '22

In terms of this community the most agreed upon method is to DRS our shares.

"But don't want to let other ape not have any banana"

The best method for this (in my opinion) is to communicate to others here and elsewhere, either online or in real life what is going on in the financial system and what we, as individual investors, are doing to counteract the current system. This can be done in a variety of ways, one way is to promote the site https://www.drsgme.org/

I'm not saying a general strike wouldn't be helpful but that it is generally not something the community would discuss. For those discussions subs like antiwork and work reform would be more suitable.

5

u/ChestDry2941 Jun 25 '22

Does anyone know how long after you buy shares through computershare they show up in your existing account?

3

u/PutPsychological8698 Jun 25 '22

I have also noticed 1 week, the shares are purchase by batch, you cant control the price, it is an investment not day trading. I prefere buy with CS than buy on IBRK then DRS (i am not US citizen) I have a wise account, which give me US bank account which allow me to buy on CS

2

u/Sirstep 💜 TL;DRS 💜 Jun 25 '22

In the US, it took me about a week? Maybe closer to 2. Personally, I would advise against it since you can't lock in the price per share at the time of purchase submission.

3

u/Flopsyjackson Jun 25 '22

How important is book vs plan? I’ve seen comments that suggest DRS isn’t effective against the hedgies until shares are all “booked.”

3

u/RomireIV Gamestop is my hobby Jun 25 '22

Note: All shares transferred to Computershare or bought through them have been taken off of the DTCC's books.

When you transfer whole shares to Computershare they will automatically be held in "Book" form (Book-entry Ownership). This means that they are registered under your name and are visible to the underlying company (GameStop), this is what some would call 'true DRS', but it doesn't really matter, the most important note is that it is out of the DTCC.

If you are set up for reoccurring payment plan and/or have partial shares in Computershare, then they are held in "Plan" form (Plan-entry Ownership). This means that Computershare holds the shares and has you recorded as the owner of the shares. If moved from plan to book only whole shares can be switched over since the can only be one name assigned to a share.

Shares will also be moved to Plan if you sign up for a Dividend Reinvestment Plan (DRIP), which only matters for stocks who distribute cash dividends and then Computershare will automatically buy more shares with the cash and place them into your account.

2

u/TheBigBongTheory 🍆 Mayo covered pee pee 🥛 Jun 24 '22

Where do I go for the guide to DRS out of revolut from Ireland? There used to be a link, but I can't see it now.

2

u/RomireIV Gamestop is my hobby Jun 25 '22

Hello, here is the DRSGME guide for Revolut: https://www.drsgme.org/drs/direct-register-shares-from-revolut

2

u/Setanta2020 🦍Voted✅ Jun 24 '22

Anyone help me set up computershare account? As smooth as wet marble.

3

u/intent_joy_love Pipe Bringer Jun 24 '22

The instructions are in the post above. It’s an easy step by step, and takes like 5 minutes. If you’re too lazy to read above then just call your broker and ask them to do it, they can do it with you on the phone. Then you’ll get a letter in the mail with your info to log into computer share and create your account with your newly transferred shares.

1

u/Setanta2020 🦍Voted✅ Jun 24 '22

Thanks for the help. I have the first letter here but I’m either to stupid or to stoned; actually maybe both. To workout how to register into the site.

1

u/intent_joy_love Pipe Bringer Jun 25 '22

Same story, you can call CS and they will help you with the letter. I called both times

2

u/Setanta2020 🦍Voted✅ Jun 25 '22

Your message made me out on my adult pants and make the account

2

u/dirtydan731 🦍 Voted ☑️ x3 Jun 24 '22

it isnt just you, the website sucks ass. it isnt made intuitively like the rest of modern websites. call broker and have them handle.

1

u/NJtheSecond Jun 24 '22

I DRS’d X shares this week through RBC. Will they make it to a CS account in time for the Splividend? I know I won’t get access to the account for 6-8 weeks but who cares, no cell, no sell.

2

u/intent_joy_love Pipe Bringer Jun 24 '22

Obviously. The dividend isn’t even announced yet, and once it’s announced there will be a record date and a split date announced. You already own shares so you’ll get them either way. If the shares aren’t moved yet, (which won’t happen but for arguments sake) you’d just get the dividend shares on your broker.

The only risk is that so many synthetics exist that brokers will be short on shares, so shares not in CS might not get the extra shares. So drs is always the safest way regardless.

1

u/intent_joy_love Pipe Bringer Jun 24 '22

Obviously. The dividend isn’t even announced yet, and once it’s announced there will be a record date and a split date announced. You already own shares so you’ll get them either way. If the shares aren’t moved yet, (which won’t happen but for arguments sake) you’d just get the dividend shares on your broker.

The only risk is that so many synthetics exist that brokers may be short on shares, and they might try to give you cash instead but that remains to be seen. So shares not in CS might not get the extra shares. Basically there is no scenario where you should wait to drs.

4

u/[deleted] Jun 24 '22

[deleted]

1

u/biggiec23 I can do this all day. Jul 01 '22

What's the difference?

0

u/BrownBrownies 🦍Voted✅ Jun 24 '22

Sue

6

u/Embarrassed-Oil-5794 🎮 Power to the Players 🛑 Jun 24 '22

No i reside in Spain and would like to start a computershare account

3

u/RomireIV Gamestop is my hobby Jun 24 '22

Hello,

This link should have enough information to get you started: https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us

Basically, you will either have to buy shares from a broker you can use locally, and then transfer from there (first checking that the broker supports DRS transfers) or, the other option is to use 'Give a Share' to gift yourself one share, which can be used to create a Computershare account, once set up then you can buy directly thru Computershare.

Let me know if you have any questions.

3

u/Embarrassed-Oil-5794 🎮 Power to the Players 🛑 Jun 24 '22

I am so greatful for taking your time to answer me.

Within a few weeks, I will finally get feed the drs bot!

Have a great weekend kind stranger!

2

u/RomireIV Gamestop is my hobby Jun 24 '22

No problem! Have a great weekend as well

2

u/Embarrassed-Oil-5794 🎮 Power to the Players 🛑 Jun 24 '22

After 2 attempts my IBKR account is finally approved.

Can someone get me a guide on the fastest way to start a computershare account from europe?

Ibread something about wise.com ?

9

u/faddishw0rm 🎮 Power to the Players 🛑 Jun 24 '22

If the price goes over 300 before Christmas ill eat a bowl of boiled bull testicles

1

u/mtksurfer GME Super Storm Jun 24 '22

Rocky mountain oysters

1

u/swvaca 🦍Voted✅ Jun 24 '22

Seasoned or plain?

2

u/dndpoppa 💯% DRS or you stink Jun 24 '22

Have a couple friends DRSing with Canadian Bank Scotiabank. Apparently it's quite the ridiculous process.

3

u/PutPsychological8698 Jun 24 '22

!DRSGME:SCOTIABANK!

1

u/derhyperschlaue DRS EXPOSES CORRUPTION! Jun 24 '22

Hey PutPsychological8698, thank you for summoning the DRSGME wizard! 🪄

You searched for SCOTIABANK
Best match Postbank
Instructions Click here
Confidence 67 %

Visit WWW.DRSGME.ORG for more information about Direct Registering Shares (DRS).

1

u/RomireIV Gamestop is my hobby Jun 24 '22

If they continue to have issues or don't want to pay Scotia's fee they could transfer to a BMO account first ($0 fee to DRS from there)

3

u/Obviousbrosif Jun 24 '22

Hello,

Im an Aussie with shares in Commsec... just enquired about DRS and got an email saying "Once processed please allow 15 business days to be sent by Pershing and received by Computershare.This is due to current volume of transfer requests being sent to Computershare.Once received by Computershare, they will send out a statement with your details.This is coming from the US and will take a minimum of 2 weeks to arrive in AUSTRALIA."

so what would happen if a split/divident/moass happens during the 5 weeks these shares will be in transit? also do we have and DD on Pershing?

2

u/Bibic-Jr DRSGME Broker Guide Educator💎🤙DRS IS MY DAD🤙💎 Jun 26 '22

Just to reassure you, your shares are not in transit for a long time. The transfer is actually instant! The wait time is Pershing getting around to it, and then waiting for your Computershare letters to arrive.

1

u/PutPsychological8698 Jun 24 '22

Your shares will be on CS so you should enjoy the benificial of having the shares in your name

2

u/Late_Data_8802 🎮 Power to the Players 🛑 Jun 24 '22

Have they raised the amount you can sell a stock for yet to the millions? Or still in the 200,000s?

3

u/Bx3_27 ⭐🐟 "Today's the day!" Jun 23 '22

*

6

u/crankyp420 Jun 23 '22

Two weeks from the day my shares left IBKR and till I got my first piece of snail mail (scandiape)

5

u/007fan007 🦍Voted✅ Jun 23 '22

How long did it take people to transfer from Fidelity to Computershare?

5

u/Trollz4fun ALL CAPS GUY Jun 23 '22

Phone call 3 minutes. Settlement 3 days. I buy only on CS now

5

u/third-breakfast 🦍Voted✅ Jun 23 '22

Moass is literally about to happen

5

u/bearrfuk 🎮 “Not Your Name, Not Your Shares!” 🛑 - DRS Jun 22 '22

Two questions:

  1. If I DRS some more shares, how do I make sure they end up in the same Computer Share account?

  2. Do I tell Fidelity that I want to do LIFO transfer to CS or is there a setting?

Thanks!

2

u/rcharruamartin Jun 24 '22

Don’t worry, they put them in the same account for you, using your ID. Not need to do anything. I did it from 3 different instructions without problem.

3

u/millertime1216 🦍💕🦍Love your neighbor as yourself🦍💕🦍 Jun 23 '22
  1. For quite some time, they have been excellent at making sure they go into your existing account. Initially some reps were failing to do that.

  2. DRS 100% and don’t worry about LIFO😉

8

u/Paranoid_Iguana 🎮 Power to the Players 🛑 Jun 22 '22 Brighten My Day

As a ComputerShare thread shouldn't using Give A Share be promoted as international apes may have trouble getting a CS account due to app brokers for US stocks not allowing DRS?

4

u/millertime1216 🦍💕🦍Love your neighbor as yourself🦍💕🦍 Jun 23 '22

Yes

1

u/just_in_place Jun 21 '22

I just started a transfer of my Webull account to fidelity in order to avoid fees when I finally DRS my shares of GME. I now noticed I didn’t have 75 dollars available for the transfer fee to fidelity. Will these fees get charged to fidelity or will my account not transfer over because I do not have the available cash funds?

2

u/heresthethingyadummy Jun 21 '22

I have high xxx shares in TD, finally out of my margin so I can DRS.

I found the form, curious how long it takes TD to complete this move? Ill move 2/3rds for now

1

u/spinachs- 🐵 Apes together strong 🎮🛑 Jun 23 '22

I didn’t fill out the form, I used the chat function to speak to a representative. He filled out everything for me, just asked how many shares I would like to transfer (all of them). I spoke to the rep on June 13th and I just got an email from computershare this morning!

3

u/millertime1216 🦍💕🦍Love your neighbor as yourself🦍💕🦍 Jun 23 '22

IMO and experience, It’s faster and easier to transfer to Fidelity first and then DRS from Fidelity

2

u/007fan007 🦍Voted✅ Jun 23 '22

How long did Fidelity take?

2

u/millertime1216 🦍💕🦍Love your neighbor as yourself🦍💕🦍 Jun 23 '22

Yes, 3 days

3

u/Trollz4fun ALL CAPS GUY Jun 23 '22

3 days

2

u/TurbulentMulberry364 Jun 21 '22

Hi, can someone tell me if there's a difference between direct stock and class a common?

1

u/RomireIV Gamestop is my hobby Jun 25 '22

They are not mutually exclusive.

Class A shares are a type of common share that a company can issue. Differences between A or B shares can be in the voting power (i.e. A shares can vote, and B shares cannot) or weight of the shares (i.e. one A = two B).

Direct Registration is how an investor is holding the shares. You can either be Directly Registered or have your shares in 'street name' meaning a broker has their name registered on the shares and you are the 'benifical' owner.

This means that you can have an 'A Class Share' which has been 'Directly Registered'

GameStop currently only has A Class Shares, however they did use to have A and B shares and in 2006 announced plans (Source) to convert B shares into A shares. This ended up occuring on Feb 7, 2007.

Further reading for A Shares and Directly Registered Shares:

What Are Class A Shares? Class A shares refer to a classification of common stock that was traditionally accompanied by more voting rights than Class B shares. However, there is no legal requirement that companies structure their share classes this way. For example, Meta (formerly Facebook) awards more voting rights to Class B shares.1 In any case, the share class with the most voting rights is typically reserved for the company's management team...

Source: https://www.investopedia.com/terms/c/classashares.asp

What are Direct Registered Shares? Direct registration allows you to have your security registered in your name on the books of the issuer without the need for a physical certificate to serve as evidence of your ownership. While you will not receive a certificate, you will receive a statement of ownership and periodic account statements, dividends, annual reports, proxies, and other mailings directly from the issuer.

Source: https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html#:~:text=Direct%20registration%20allows%20you%20to,as%20evidence%20of%20your%20ownership.

3

u/internetfishy 🦍Voted✅ Jun 21 '22

Hey all, looking for some DRS assistance from Australia:

Currently have shares split between Stake and CommSec.

Have looked into DRS options, GiveAShare looked to be my easiest option as they open an account for me and I can get an extra share in there, but the inability to select a state at checkout (an Australian state for postage) had me concerned so I opted out. (If anyone can confirm that postage isn't a problem without a Aus state selected I'll probably go back down this route).

Looked at Stake's transfer out options. Found some threads stating that they will create a ComputerShare account for me if I leave the CS account number blank, however the Stake FAQ states I need to contact CS and set up an account and send them a bunch of stuff regarding transferring in, and fill out a form regarding transferring out and sending to Stake (plus up to $200 in fees). The information here is a bit contradictory. After jumping to the guide megathread it links about 4 or 5 different Reddit posts that all aren't really guides and more just people asking related questions and having to dig through comments to find answers.

After spending about 45 minutes and about 20 different tabs open all with different DRS related things I figured it's easier to ask here instead of starting to dig into CommSec's transfer options.

I'd prefer to just get a CS account opened and double my position via that instead of going through all the hassle of transferring between brokers with a bunch of fees. Is GiveAShare my best bet to do so and has anyone had any postage problems outside of the US given you can't select non-US states? Or do they confirm more specific postage options after checkout?

2

u/QD1999 🎮 Power to the Players 🛑 Jun 23 '22

Asking to DRS my shares was hella easy with CommSec, but receiving the letter is looking impossible. I've waited almost a month today, and messaged CommSec probably once a week asking what's up. Nothing.

Idk if it was a freak accident with Aus Post and CommSec, but it has left me pretty pissed off. Half of my shares are inaccessible to me. My account even says that they're forwarded to the transfer agent in my account. But without the letter = no access. I really wanted a Computershare account for future use on all my stock purchases. The amount of effort required has been fucking enormous for me so far using CommSec.

Honestly wish I went the GiveAShare route. But who knows, I could be a random unlucky person. CommSec's lack of replying or very late replies hasn't been a confidence booster at all.

2

u/Obviousbrosif Jun 24 '22

Hey man,

I just emailed Commsec to get the form and they told me it would take 5 weeks to get the letter from Computershare.

2

u/QD1999 🎮 Power to the Players 🛑 Jun 24 '22

Oooooooo nice, thanks for the heads up. This chills my nerves heaps.

6

u/tommygunz007 Jun 21 '22

I just 'ordered' $140 worth but didn't create a password or anything so I can't log in. I guess they email me something to somehow create an account?

5

u/Mattyboy064 Jun 23 '22

Once CS actually buys the shares within the batch orders they put in every few days, you will be able to verify your shares and will be able to create a login using SSN. But you have to wait for CS to actually purchase the shares first.

3

u/RomireIV Gamestop is my hobby Jun 21 '22

Yup, you should receive an email shortly, the funds will be pulled within the next 2 business days.

You will receive a confirmation email shortly afterwards. Computershare will pull the money from your bank account within 2 business days. Then after a couple more days Computershare will submit the buy order in a large batch trade along with other Computershare investors.

Source (at the bottom): https://www.drsgme.org/buy-direct-registered-shares-from-computershare-inside-the-us

3

u/millertime1216 🦍💕🦍Love your neighbor as yourself🦍💕🦍 Jun 23 '22

🦍💕🦍

1

u/maxinvest4fun Jun 21 '22

I attempted to transfer from Ally to CS and while they sent my shares they did not send my cost basis. When requested to send it via automated means using cost basis reporting service they outright lied and said they can’t and that they don’t send cost basis. Asking to have them mail my tax lot info has fallen on death ears. CS hasnt been helpful either stating that they can’t accept that info from me. Has anyone had a similar problem or has any advise? Please help.

3

u/LordSnufkin 🛡🦒House of Geoffrey🦒⚔️ Jun 20 '22

Where is the Transfer Guide post that is literally a long list of brokers with country flags? It literally had pretty much every broker imaginable there. I don't see it searching through the stickied posts and hyperlinks.

4

u/RomireIV Gamestop is my hobby Jun 20 '22 edited Jun 26 '22

Is this the one you are thinking of? https://www.reddit.com/r/Superstonk/comments/ppb8u6/the_drs_list_mercy_mercy_me_gme_aint_where_it/?utm_medium=android_app&utm_source=share

Some of the information might be a bit dated though, since the post is 9 months old. Edit: The OP let me know it is kept up to date with some minor exceptions.

I would personally recommend the following link: https://www.drsgme.org/register-from-broker

2

u/Bibic-Jr DRSGME Broker Guide Educator💎🤙DRS IS MY DAD🤙💎 Jun 26 '22 Wholesome Seal of Approval

I update the post regularly when the guides go up on DRSGME.org, although some parts of the IRA section might be a bit stale!

2

u/RomireIV Gamestop is my hobby Jun 26 '22

That's awesome! Didn't know you kept it up to date. I'll keep that in mind and recommend it when applicable.

Thank-you for all your work in the community it is truly appreciated. Your guide helped me DRS my first shares all the way back 9 months ago.

2

u/Bibic-Jr DRSGME Broker Guide Educator💎🤙DRS IS MY DAD🤙💎 Jun 26 '22

Yeah it's been a slow work in progress. Hard to believe it's been almost 10 months now!

I had a lot of help getting the info together for the guides. I see it as a mini DRS wiki.

And I'm always happy to hear it helped some one out! I made the post before the analytics were introduced so I don't know how much reach it gets.

3

u/millertime1216 🦍💕🦍Love your neighbor as yourself🦍💕🦍 Jun 23 '22

🦍💕🦍

2

u/millertime1216 🦍💕🦍Love your neighbor as yourself🦍💕🦍 Jun 23 '22

🦍💕🦍

3

u/LordSnufkin 🛡🦒House of Geoffrey🦒⚔️ Jun 20 '22

Yes this is the one. Thank you ape!

3

u/[deleted] Jun 20 '22 edited Jul 18 '22

[deleted]

3

u/millertime1216 🦍💕🦍Love your neighbor as yourself🦍💕🦍 Jun 23 '22

Your shares are never in limbo. Either they are in your brokerage account or they are in your computershare account

1

u/[deleted] Jun 23 '22 edited Jul 18 '22

[deleted]

1

u/millertime1216 🦍💕🦍Love your neighbor as yourself🦍💕🦍 Jun 23 '22

Yes you can. After you start the transfer, and until your shares landing computer share, you can still call your broker and sell your shares. Don’t take my word for it, call your broker and ask them

2

u/[deleted] Jun 23 '22 edited Jul 18 '22

[deleted]

2

u/millertime1216 🦍💕🦍Love your neighbor as yourself🦍💕🦍 Jun 23 '22

Selling with computershare works identically to selling with a broker. I have tested. Other apes have also tested with the same results

1

u/Sockmonkeyape Jun 24 '22

I thought that I had gained extra shares by buying before the bottom, and so have benefitted from a slight delay. 😊 So the only lag time is locating the shares, whether buying or selling? Sorry, I know this is basic, but I’m hitting the next dip, hard. I’m working on my technique!

1

u/millertime1216 🦍💕🦍Love your neighbor as yourself🦍💕🦍 Jun 24 '22

There was a lag on the buying side because they don’t hold cash of yours on account, they have to withdraw from your bank account and wait two days for the saddle. And then there was another one day delay because the batch your by order with everybody else’s by orders for that day and send it to the NYSE the next day.

There are no delays with selling though. Just two days for settlement the same as with brokers

2

u/neyelz 🔥🔥KKEENNNNNYYYYY🔥🔥 *levi scream* Jun 20 '22

Is there a cheaper option to DRS from WealthTrade Canada.

300 is not in the books for me to afford rn.

2

u/Brrrr-GME-A-Coat Jun 20 '22

I opened an account at BMO and they DRSd for free. I transferred from wealthsimple though

1

u/neyelz 🔥🔥KKEENNNNNYYYYY🔥🔥 *levi scream* Jun 20 '22

Cool. Open a BMO account (any specific type?) and ask WS to transfer there - CS from there?

Any costs on account creation?

3

u/Brrrr-GME-A-Coat Jun 20 '22

Yes, Individual Cash/TFSA if you have yours in TFSA atm, and no, none.

2

u/neyelz 🔥🔥KKEENNNNNYYYYY🔥🔥 *levi scream* Jul 29 '22

How long did the process take for you?

2

u/Brrrr-GME-A-Coat Jul 29 '22

2 weeks total back in Jan or Feb, sent another batch over today 🙂

2

u/neyelz 🔥🔥KKEENNNNNYYYYY🔥🔥 *levi scream* Aug 08 '22

Hey - back here to say thanks.

I officially started the process today, your support wasn’t lost on this stranger.

1

u/Brrrr-GME-A-Coat Aug 08 '22

Baller, Ape! Glad to have you aboard! o7

2

u/neyelz 🔥🔥KKEENNNNNYYYYY🔥🔥 *levi scream* Jun 20 '22

You're great. Thanks!

2

u/PutPsychological8698 Jun 20 '22

1

u/neyelz 🔥🔥KKEENNNNNYYYYY🔥🔥 *levi scream* Jun 20 '22

Yea, I appreciate the effort friend. I’ll explore this BMO transfer route

2

u/PutPsychological8698 Jun 20 '22

!DRSGME:WEALTH TRADE!

1

u/derhyperschlaue DRS EXPOSES CORRUPTION! Jun 20 '22

Hey PutPsychological8698, thank you for summoning the DRSGME wizard! 🪄

You searched for WEALTH TRADE
Best match SelfWealth
Instructions Click here
Confidence 64 %

Visit WWW.DRSGME.ORG for more information about Direct Registering Shares (DRS).

2

u/PutPsychological8698 Jun 20 '22

!DRSGME:WEALTHTRADE!

1

u/derhyperschlaue DRS EXPOSES CORRUPTION! Jun 20 '22

Hey PutPsychological8698, thank you for summoning the DRSGME wizard! 🪄

You searched for WEALTHTRADE
Best match E*Trade
Instructions Click here
Confidence 67 %

Visit WWW.DRSGME.ORG for more information about Direct Registering Shares (DRS).

2

u/Intelligent-Squash30 🦍 Buckle Up 🚀 Jun 20 '22

Guys got a question. I'm Europe. I made the transfer from my broker and i got the letter after some time. I've populated all fields in this letter and send it back to Computershare.

My questions are: 1) what now? They send me another mail now? 2) how long will it take to finish the process?

Sorry for retarded questions but I'm retarded myself 🦍

1

u/Sub_45 Custom Flair - Template Jun 20 '22

1 - You've had letter 1 from CS & you've logged on to the investor centre? If so then yeah, it's a bit of waiting on letter 2 next & once you've got that it will let you fully log in

2 - Timescales on that 2nd letter vary depending on where you are in Europe, but typically it's around 1-4 weeks. I think they're sending these letters out from the UK now so hopefully it'll be on the shorter end on that timescale

The only retarded questions are the ones you don't ask 😎

Edit: more info from www.drsgme.org

If you don't want to wait around 4 weeks, you have a couple of options:

If you have transferred less than 10 shares, Computershare can give you your account number over the phone. Skipping the need for the first letter

Or you can expedite the letter for $45 by giving payment details to Computershare over the phone. The letter will arrive within a week

Computershare's non-US GME relations number is + 800-3823-3823. This number works across Europe, Hong Kong, Israel, New Zealand, and Thailand

Otherwise the toll free US number is: 800-522-6645 (if you're outside of the US, you can get a free month with Skype to call this number for free)

3

u/Intelligent-Squash30 🦍 Buckle Up 🚀 Jun 20 '22

Thank you 🙏 I didn't log in anywhere with my first letter info, i just completed the form (tax form?) and sent it back to them. Did i fuck up? Jesus, I'm starting to have this terrible feeling that the MOASS will start tomorrow and i will be somehow fucked by corrupt system :c

1

u/Sub_45 Custom Flair - Template Jun 20 '22

You didn't F-up don't you worry, if anything you've just made it a lil' easier for yourself in the future by declaring your tax residency. As the other comment from u/PutPsychological8698 says you should have had a CS account number that would allow you to start initial login, have you received that?

2

u/Intelligent-Squash30 🦍 Buckle Up 🚀 Jun 20 '22

Yes, I've received that... But i sent it back to CS since the account number was on the form that I populated and sent back to CS :c

1

u/Sub_45 Custom Flair - Template Jun 20 '22

Whoopsadoodle! Yeah, you'll need that number. I'd say give those folks at CS a call using the phone number above & explain what's happened, see if they could provide your account number over the phone (their discretion, not guaranteed) to allow you to start logging in to the investor centre

2

u/Intelligent-Squash30 🦍 Buckle Up 🚀 Jun 20 '22

Oki doki, thanks! I'll contact them in such case :) have a great day! And week! And life, too! :)

1

u/Sub_45 Custom Flair - Template Jun 20 '22

😎👍

2

u/PutPsychological8698 Jun 20 '22

You should have receive your Computershare ID like C00xxxxx somewhere on the letter, this code allows you to register

3

u/SwagVonYolo Jun 18 '22

For someone whos never bought a share before but believes that apes together strong. UK based, is the "10 steps to DRS compushare" guide still the most efficient and easy way to get my hands a single share?

1

u/Sub_45 Custom Flair - Template Jun 18 '22

Which 10 step guide is this?

2

u/SwagVonYolo Jun 18 '22

Its on this thread. The "want to figure it out on your own?" Section

1

u/Sub_45 Custom Flair - Template Jun 18 '22

Oh you mean this one?

If so it's pretty damn efficient & I have experience doing this too, so if you need help on steps then HMU as you progress through the process 👍

Edit: here's a more comprehensive version of that same process

2

u/SwagVonYolo Jun 18 '22

Thats a different one but looks very similar. Im going to chip away at this in the week and if its ok with you ill DM if i come across any hurdles?

1

u/Sub_45 Custom Flair - Template Jun 18 '22

Of course 😎 if you are unsure how to proceed at a certain stage, get stuck or even just anxious about timescale then HMU with a chat message & I'll do my best to help 👍

2

u/SwagVonYolo Jun 19 '22

Sent a chat today haha, fell at the first hurdle making accounts!

3

u/YoungBillionair Jun 18 '22

I am new to GME. Instead of buying share on Fidelity and transferring to COMPUTER Share. Can i directly buy on computer share?

4

u/PutPsychological8698 Jun 18 '22

If you are US citizen, yes you can create a CS account and buy directly on CS

https://www.drsgme.org/buy-direct-registered-shares-from-computershare-inside-the-us

8

u/TheVolcanoKid Jun 17 '22

I just called fidelity - they advised that I have to have an account with Computershare before I can initiate a transfer... whatever.

I went to computershare and... i am dumb as fuck because I can't figure out how to create an account with them.

At the 'Registration' screen it asks for my SSN, Zip, and what stock. I do all of that, but it just says that "We were unable to locate an account using those details. Please check the information and try again."

So, I'm a moron and lost. Can anyone give me very smooth-brained tips here?

1

u/Sockmonkeyape Jun 24 '22 edited Jun 24 '22

This happened to me. Drove me bonkers, in circlesI I put the instructions in a doc, but I’m not home.

I THINK I was putting GME for stock, and it’s

gamestop

2

u/betweenthebars34 🧚🧚♾️ 741piece 🎮🛑🧚🧚 Jun 21 '22

they told me the same thing initially, using the chat. Then I called, said I tried to do it through CS directly and it wouldn't let me. And I mentioned that I read online that they should be able to set it up for me. The guy on the phone finally relented. The person on the chat definitely was not going to do it for me. Phone guy tried hard to misdirect me. Sounded like he was reading instructions.

If you just call and say you know they can do it all for you, they'll do it.

0

u/Kkykkx 🦍 Buckle Up 🚀 Jun 20 '22

Using Fidelity’s live chat, I transferred a good portion of shares I had with them to CS. It only took a couple of minutes; no previous CS account needed. The actual transfer took three days and I received a letter via snail mail from CS confirming the transfer and the creation of the new account with them. Might I suggest you try that approach.

5

u/RomireIV Gamestop is my hobby Jun 18 '22

Hey, sorry to hear that it's been a struggle. The fidelity customer service agent didn't know what they were talking about.

Because your shares are held in Fidelity's name (and since they are a broker) they are the ones that contact Computershare (CS) to make an account. (Individuals can't 'make' an account by themselves, unless they buy shares through Computershare themselves). What you attempted to do on CS's website was 'registering an account's this will only work if there is an account already made with your specific information.

That being said you will need to go through Fidelity again: detailed instructions can be found here: https://www.drsgme.org/drs/direct-register-shares-from-fidelity

The easiest way is to use the online chat support and say, “I want to DRS transfer my GME shares to Computershare”.

I wish you luck! Bring those shares to a safe home

3

u/TheVolcanoKid Jun 18 '22

Damn. Well, they got me good. Thanks for the help. I guess I'll try again on Monday.

3

u/RomireIV Gamestop is my hobby Jun 18 '22

No problem, good luck!

Also I've seen some comments saying that you can DRS with them on the weekend if you call the phone number, but the online chat will only work during the week days

2

u/TheVolcanoKid Jun 18 '22 Bravo Grande!

Hey dude! You were right. Chat was super easy and the site you liked was perfect. Done and done. Couple days and I should be all set with CS.

Thank you so much!

2

u/RomireIV Gamestop is my hobby Jun 18 '22

Hey, no problem!

Glad to hear you were able to start the journey. Have a great weekend!

2

u/TheVolcanoKid Jun 30 '22

Reporting back here. Again, thank you so much for the help. I didn't receive a postcard, but was able to register through CS. All set up and got the purple ring thingy. the drsgme.org link you shared was perfect.

2

u/RomireIV Gamestop is my hobby Jun 30 '22

Awesome, Glad to hear!

2

u/DrGepetto 🎮 Power to the Players 🛑 Jun 17 '22

Custodial accounts - Anyone here have custodial accounts? Did you have to create a separate CS account for each custodian? I transferred them from Schwab and on Schwab I am able to view them all from my account but I guess on CS ill need separate logins? can anyone confirm?

2

u/DrGepetto 🎮 Power to the Players 🛑 Jun 17 '22

could use some help. I DRS'd from schwab multiple times. The last time they sent shares they sent them without my middle name on the account and it created a separate account # on CS. I can see them both from a single log in but would prefer to have them consolidated. I called CS this AM and they said I need to complete a form and it needs to have a "Medallion" signature which is like a notary but can only be done at a bank. I dont have any local banks since Im using Schwab. Anyone have experience getting a "medallion" signature? Any idea on the cost? I dont really want to have spend $50 or whatever to get a piece of paper signed because Schwab F'd the transfer up. I could just deal with it the way it is, but figured id ask here.

2

u/Sub_45 Custom Flair - Template Jun 18 '22

If you're happy to just deal with it then crack on,Amy apes have multiple CS account numbers under 1 login.

If you really want them consolidated, then the medallion signature stamp would be the route to go, though it seems like a high cost for a low trade off (personally speaking)

3

u/RoiPiccolo 🦍Voted✅ Jun 17 '22

Finally got my head out of my pooper and did the needfull. Couldn't afford much but at least I'll have some shares DRSd. I hope I'll receive my letter before MOASS

2

u/Sub_45 Custom Flair - Template Jun 18 '22

👍

2

u/BigDaveLuiz 🎮 Power to the Players 🛑 Jun 17 '22

JPM coming to visit work RIP my job boys

5

u/[deleted] Jun 17 '22

[deleted]

1

u/RomireIV Gamestop is my hobby Jun 17 '22

Judging by your comments I'm assuming you are from the UK (sorry if this is incorrect) in that case your TIN would be your NIN (National Insurance Number: example 'AA-12-34-56-A'): https://www.1stformations.co.uk/blog/do-uk-companies-have-a-tin-number/#:~:text=A%20National%20Insurance%20Number%20is,numbers%2C%20and%20a%20final%20letter.

1

u/PutPsychological8698 Jun 17 '22

You don't need that. Are you trying to create CS account directly ? As non-US you have to request a DRS transfer, the broker and CS will manage the account creation. What is your current broker ? DRSGME.org contains a lot of step by step guides to help

1

u/RomireIV Gamestop is my hobby Jun 17 '22

If he is trying to fill out the foreign tax exemption form (W-8BEN) then they will need to fill out the TIN. For me (In Canada) it was my SIN (Social Insurance Number). I know there is a guide with different countries but I can't find it at the moment.

4

u/Apprehensive-Ad-596 🦍Voted✅ Jun 17 '22

I want to drs my shares from germany. Im currently with traderepublic whats my best and fastes way?

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