BROKER DEPOSITS & WITHDRAWALS
Steps to depositing shares:
Find a broker that agrees to accept your shares for deposit
Verify your shares are unrestricted*
Check if the company is FAST eligible to be able to move shares electronically
If depositing electronically, determine with your broker which system they will use to initiate the request.
*If they are currently restricted, you may wish to review the process of removing the restriction from your shares before depositing them with a broker. Your broker can also walk you through the process.
Have more specific questions about electronic deposits? Visit the Electronic Deposits section of our FAQ page.
There are a few avenues for moving your shares to and from a brokerage account. One way is through physical certificates and the other two options are done electronically.
options for electronic deposits & WITHDRAWalS:
Direct Registration System (“DRS”)
Deposit/Withdrawal At Custodian (“DWAC”)
option for Physical deposits & WITHDRAWalS:
If your broker tells you to send them a physical certificate, the only additional items needed are mailing instructions, and either a prepaid shipping label or an additional $35 for domestic overnight shipment.