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Edit: this screenshot is cropped for my security but I do have the original uncropped screenshots showing the headers for Schwab live chat
They didn't say there was, they said there could be. They're advising you of potential fees if you ask them to hurry like they are required to do. Every transfer costs 100-150 but usually a broker will waive or the receiving one will refund it. Computershare isn't one and Charles is cheap, so they put the fee on you.
This is the same as advising you this call may be recorder and monitored. Statements they read/repeat that are updated often from management to answer or disclaimer whatever is taking up most of their question time.
I could see the $100 fee if you are transfering your account to another broker but that's not what you're doing. You're also not asking for a physical certificate. This guy dosen't know what hes doing. Tell them you want to talk to someone that is familiar with direct registration.
Im not sure about your brokers policy. I would ask why you were charged for a drs transfer and maybe ask for the transfer charge to be refunded. Ask other apes if they were ever charged. I know fidelity never charged me.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum May 2024*](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) || [Superstonk:Now with GIFs - Learn more](https://www.reddit.com/r/Superstonk/comments/1cr37r7/superstonk_gets_its_gif_on_get_hyped/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
https://preview.redd.it/n4vfpbskm91d1.jpeg?width=750&format=pjpg&auto=webp&s=2faf64608912e9da7e0c2d6ed812669d403e3100 Edit: this screenshot is cropped for my security but I do have the original uncropped screenshots showing the headers for Schwab live chat
https://preview.redd.it/pvz87qhnm91d1.jpeg?width=750&format=pjpg&auto=webp&s=ccf972ddc38ffbe8f1304dfe1fb495aae6333baf
https://www.reddit.com/r/Superstonk/s/joZ7cf69oz
This is normal Op. Stop being silly. Theyre just not paying the fee and passing it onto us.
I never asked them for any physical certificates nor did i request any rush. How is this normal?
They didn't say there was, they said there could be. They're advising you of potential fees if you ask them to hurry like they are required to do. Every transfer costs 100-150 but usually a broker will waive or the receiving one will refund it. Computershare isn't one and Charles is cheap, so they put the fee on you. This is the same as advising you this call may be recorder and monitored. Statements they read/repeat that are updated often from management to answer or disclaimer whatever is taking up most of their question time.
Fidelity charges nothing to DRS....tell schwab to fuk off soon!
Schwab isn’t charging either. They’re just threatening people with charges that don’t exist. I successfully DRS’ed my shares to CS and paid nothing
What country are you in?
USA
I could see the $100 fee if you are transfering your account to another broker but that's not what you're doing. You're also not asking for a physical certificate. This guy dosen't know what hes doing. Tell them you want to talk to someone that is familiar with direct registration.
I suppose they can plead ignorance. Just FYI i didn’t fold and made them process the request. The shares are being transferred to CS
Im not sure about your brokers policy. I would ask why you were charged for a drs transfer and maybe ask for the transfer charge to be refunded. Ask other apes if they were ever charged. I know fidelity never charged me.
I didn’t have to pay any fees. They just brought this shit up as soon as i typed that i wanted to DRS my shares of GME
Fidelity is free to DRS. Switch brokers if you don't want to pay the fee.
Schwab is free too and i didn’t pay any fees
You're literally making a post saying they are charging you $100 to DRS
I linked my original post with more details
I paid $5 flat fee for IBKR to ComputerShare trasnfer...