Direct Register Shares from Fineco

Updated: Jul 22

Fineco does not direct register shares, so you need to transfer your shares to another broker that can DRS 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 Fineco to IBKR with a Basic FOP Transfer (free), then from IBKR to Computershare via DRS transfer $5(US) fee.

How to Transfer:

Once your shares are settled in Fineco, you can create a Letter of Instruction with IBKR. Then send the Letter of Instruction to Fineco.

  • Login to your IBKR account, and click on “Transfer & Pay” from the top menu.

  • 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 FINECO on the drop down list.

  • For “Your Account Number at the Financial Institution" put your Fineco account number.

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

  • Select the Account type (most likely individual).

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

  • For the contact email put “info@Finecobank.com".

  • 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”.

  • Interactive Brokers will then generate a Letter of Instruction for you.

  • Click on “View Form”, then click on “Print".

  • Print, sign, and scan back the form back in.

  • Once the Letter of instruction is signed and scanned in you can send the Letter of Instruction to Fineco.

  • Login to Fineco.

  • Say: “I want an Outbound FOP Transfer of my GME shares to Interactive Brokers”.

  • Product Name: GameStop.

  • ISIN: US36467W1099.

  • Quantity: How many shares you bought when you opened the position.

  • Exchange: The Exchange you bought the shares through. This will be in your contract notes.

  • Account details (FINECO): Provide your username and full name.

  • Account details (IBKR):

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

  • Address of the financial Institution: 10 Earlsfort Terrace, Dublin, D02 T380, Ireland.

  • Contact Person: Kathrin – Asset Transfers.

  • Phone : +41-41-726-9500

  • BIC/SWIFT Code : IBKRUS33XXX.

  • Account number: Your Interactive Brokers account number.

  • Full name of the account holder: Your full name.

  • Email address of broker: assettransferservice@interactivebrokers.com .

  • This account is from the following country: Put in the country you registered your IBKR account in.

  • Print out the form, sign it, and scan it back in.

  • Send the secure message.

The transfer should be processed within 1 week. 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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