Transfer your U.S. shares

Once you’ve downloaded the Stake app, complete these steps to bring your U.S. shares across:

1. Open the app and log into your Stake account.
2. Go to your Account settings on the bottom right.
3. Click ‘Portfolio Transfers’, select ‘Wall St portfolio transfer’ and follow the prompts.

Bring stocks to Stake to invest in over 6,000 U.S. stocks and ETFs, with as little as $10 thanks to fractional shares. Plus, when you transfer your U.S. portfolio over $500, you get a free Dropbox stock. With Stake, you’ll pay $0 brokerage and no FX fees per trade on U.S. shares until March 3 2023. On 4 March, our new pricing will apply - learn more. You can seamlessly switch to Stake AUS, buying Australian stocks for just $3 brokerage (our fees are changing on 4 March 2023 - learn more).

Transfers to Stake via ACATS are free, check with your broker as they may charge processing fees, based on the type of transfer they support. Tranfers via DTC costs US$ 35 per position - charged by our broker-dealer, Drivewealth, but we rebate 100% fee for a minimum of US$ 3,000 per position or the equivalent in portfolio value. Eg. Total Portfolio Value/No. of Positions = US$ 3,000.

The transfer time varies based on how responsive your current broker is. DTC transfers can take up to 4-6 weeks and ACATS transfers can take up to 1-2 weeks.

Note that 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.

Since the shares are just being transferred between brokers, this is not a taxable event as the investments are not being sold.

You’ve already got the US portfolio, so once it’s transferred across to Stake, you can manage your investing as per usual.