Direct Register Shares from Consorsbank

Updated: Aug 12

Consorsbank does not direct register shares, so you need to transfer your shares to another broker that can DRS transfer.


Please Note; if you have GS2C shares, you can convert them to GME and transfer to IBKR at the same time using this guide.


Consorsbank charges a €30 fee + an external fee of up to 15€ for each Basic FOP Transfer. This means each time you want to transfer a specific stock (no matter how many shares) you are charged up to €45. Consorsbank also charges a €40 fee to convert GS2C to GME.


You will need to make sure you have €45 settled in your Consorsbank account before you can transfer. A popular route has been through Interactive Brokers (IBKR). The quickest way is to open an Interactive Broker account, buy a share, and request a DRS transfer (link to guide here).


While you wait for your Computershare account to be created, you can transfer your shares from Consorsbank to IBKR with a Basic FOP Transfer (€45 fee), then from IBKR to Computershare via DRS transfer for a $5(US) fee.


How to convert GS2C to GME:

  • You will need to deposit €40 into your Consorsbank account to pay for the conversion fee.

  • When the €40 has settled, you can log in and contact support to request the conversion.

  • Let them know how many shares you want converted.

  • Agree to the €40 fee.

The conversion will take up to 5 business days to process.


How to Transfer:

Once your shares and €45 are settled in Consorsbank, you need to get a transfer form (link here), fill it out and send it back. Then submit a transfer request with IBKR.

  • Send the transfer form to Consors (Consorsbank - Bahnhofstraße 55, 90402 Nürnberg) along with the following information:

  • Name of the financial Institution: INTERACTIVE BROKERS Ireland Limited.

  • Phone: +41-41-726-9500.

  • Email address of broker: assettransferservice@interactivebrokers.com (this email address is exclusively for bank to bank correspondence).

  • BIC/SWIFT (BLZ) Code: IBKRUS33XXX.

  • Account number: Your Interactive Brokers account number (starts with "U").

  • Details of the sender: Your information.

  • Details of the receiver: Your information.

  • On the same day, login in your IBKR account, and click on “Transfer & Pay” from the top menu and select “Transfer Positions”.

  • On the next page select “Incoming”.

  • On the next page select “All Other Regions” from the drop down menu.

  • On the next page select “Basic FOP Transfer".

  • Select "CONSORSBANK" on the drop down list.

  • For “Your Account Number at the Financial Institution“ put your Consorsbank account number.

  • For “Name of Account Holder at Financial Institution“ put your full name as defined on your Consorsbank account.

  • Select the "Account Type" (most likely individual).

  • Select the country of the Financial Institution where you access Consorsbank from).

  • For the contact email put “sectransfers.wpeingang@consorsbank.de".

  • You have to add the asset you want to transfer, click on “Add Asset".

  • On the next page search which stock you'd like to transfer (GME), click on “Search".

  • On the next page, click on the row “GAMESTOP CORP- CLASS A / NYSE".

  • On the next page, define how many shares you'd like to transfer and click on “Save and Finish".

  • On the next page you'll see a summary of the transfer.

  • Click on “Continue” Now IBKR will know to expect your shares.

The transfer should be performed in 5-15 business days. You will receive an email confirming that the transfer was successfully performed.

After your shares reach IBKR:

Now you are able to request the DRS transfer from IBKR to Computershare. To do this you can follow our guide on how to DRS transfer from IBKR (link to guide here).

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