What You Will Need
To initiate the transfer of your shares from another broker to Webull, follow these steps to ensure a smooth process:
- Confirm Same Name: Ensure that the shares you are transferring are registered in the same name as the Webull account you are transferring to. For example, if the shares are registered under "MS JANE SMITH," they should be transferred to the Webull account with the same name, "MS JANE SMITH."
2. Gather Required Information: When initiating the transfer, have the following information ready: - HIN (Holder Identification Number) associated with the departing broker account. The HIN starts with the letter 'X' followed by 10 digits.
- Outgoing broker account number.
- A copy of your photo ID.
- Optional: CHESS Holding Statement
3. Check where the nearest printer is.
4. Follow the step-by-step instructions provided in the app.
Where to go
To transfer shares from another broker to your Webull account, follow these steps:
1. Log into your Webull app. 2. Select “Portfolio Transfer” in the Transfers tab.
3. Select the Broker Name and fill out the stock transfer details, then click Continue.
4. A transfer request form will be sent to your registered email address. Please PRINT OUT the transfer request form.
5. Sign the request form, ensuring that your signature matches the one on your ID document (please note digital signatures are not accepted)
6. Take a clear photo of your completed request form.
7. Log in to your Webull App and open Portfolio Transfer. Upload the required documents. • A copy of your ID • A photo of the signed request form • An ownership statement (if applicable)
8. Once complete, click Submit.
9. Once you have submitted your stock transfer request, it will show as processing. Please allow up to 5 business days for the transfer to be completed.
Key Terms: • Broker Name: Name of the broker from where you would like to transfer your shares from (e.g., CommSec is Commonwealth Securities Limited) • Account Number: Account number with another broker • HIN: refers to your Holder Identification Number. A HIN number is 10 digits preceding with letter “X”; however, some brokers may not display your HIN in this format. If your HIN is not showing 10 digits, add zero(s) after the X to make up the required 10 digits. • Custodial Model: If your shares are held by a broker on your behalf, select Custodial Model (e.g., brokers such as Pearler). • Symbol: Refers to the stock code (e.g., WOW is Woolworths Group Ltd) • Quantity: Number of securities being transferred.
Fees: Webull does not charge any fees for incoming AU share transfers. However, please be aware that your departing broker may impose their own separate fees.
Processing Time: Initiating your share transfer request takes just a few minutes and can be done swiftly, and at no cost. The transfer process may take up to 5 business days. However, please note that occasional delays may occur if the departing broker does not promptly release your shares. Rest assured, we always strive to complete your transfer as quickly as possible, even if such delays are beyond our control.
If you encounter any issues or have questions during the transfer process, our client services team is here to assist you.
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