Direct Register Shares from M1 Finance

Updated: Sep 20

M1 Finance charges a $115(US) fee for each DRS transfer. This means each time you want to direct register shares of a specific stock (no matter how many shares) you are charged $115(US).

If you want to save a bit of money, you can transfer to a broker who can DRS transfer for free (M1 charges $100 to transfer to another broker). Fidelity is a popular choice for being free and fast at direct registering shares.

M1 Finance to Fidelity Route:

  • Open an account with Fidelity.

  • When it asks you how you want to fund your account, select transfer from another brokerage.

  • Fidelity will pull your shares from M1 Finance, and M1 Finance will charge your account $100. This will take roughly 3 days.

  • If you ask Fidelity, they can reimburse up to $75 of the transfer fee.

  • From here you can follow the Fidelity guide located here.

M1 Finance Route:

  • Once your your shares and $115 are settled in M1 Finance.

  • Login and use their online chat support.

  • Write: “I want to DRS transfer my GME shares to Computershare".

  • If they ask you questions, or try to talk you out of it, simply repeat yourself.

  • The support agent may ask for the following info:

  • Your M1 Finance account number, full name, phone number, email address, SSN/Tax ID.

  • The stock (GameStop), its ticker (GME), and its CUSIP (36467W109).

  • How many shares you want to transfer.

  • The Transfer Agent's name, DTC number, and address. In GameStop's case that's: Computershare US. DTC# 7807. Computershare Trust Company, N.A., P.O. Box 505005, Louisville, KY 40233-5005.

  • Optional: Your Computershare account number.

  • If you want the shares ordered in Last In First Out (newest shares transferred first), or First In First Out (oldest shares transferred first).

The transfer will take 7-10 business days to process.

If you don't have an existing Computershare account:

Your broker and Computershare will take care of the transfer and open a Computershare account for you. This will take another 2-3 business days.

After your shares leave your broker:

  • Now you will need to wait for the first Computershare letter to arrive. This letter is the DRS Account Statement.

  • This will take another 2-4 weeks after your shares have left your broker.

  • If you don't want to wait 4 weeks, you can contact Computershare to expedite the first letter for $45(US), and it will arrive within a week.

  • Otherwise the US toll free number is: +1 800-522-6645 and the US toll number is: +1 (201) 680 6578 (charges may apply). If you're outside of the US, you can get a free month trial with Skype to call these numbers.

  • If you don't hear any relevant options with the automated menu, you can keep pressing 0 to get through to a human.

  • If you are asked to verify your address and live outside of the US, you will have to use an ISO code instead of your country. For example, London in the UK is GB-LDN and Barcelona in Spain is ES-B. You can find your country's ISO codes through this wikipedia page.

Once you have the DRS Account Statement:

  • Go to Computershare.com/us.

  • Click on “Login to Investor Center”.

  • Click on “Register Now”.

  • Make sure to select the “Holder Account Number” tab, instead of “Social Security Number”.

  • Select “I am not a U.S. Resident”.

  • Provide the Computershare account number that is on your DRS Account Statement.

  • Provide your registered Zip/Postal code, and the name of the stock that you hold (GameStop).

  • Computershare will then prompt you to create your username, password and security questions.

  • Once your account is created, Computershare will send you a verification letter in the mail. This will arrive in 1 to 3 weeks.

  • If you'd like it sooner you can call Computershare and pay a $30 fee to get the verification code in an email instantly. (The letter will also arrive within a week). Computershare's toll free US number is: 800-522-6645, and their toll number is: +1 (201)-680-6578.

  • If you don't hear any relevant options with the automated menu, you can keep pressing 0 to get through to a human.

  • If you are asked to verify your address and live outside of the US, you will have to use an ISO code instead of your country. For example, London in the UK is GB-LDN and Barcelona in Spain is ES-B. You can find your country's ISO codes through this wikipedia page.

When you receive the verification code letter

  • Return to Computershare.com/us.

  • Click on “Login to Investor Center”.

  • Login using the username, and password you have created.

  • Then you can enter the verification code.

  • You now have full access to your Computershare account!

  • There is no more need for the verification code.

At this stage it is important to verify your tax status as a non-US citizen. To do this you can follow our guide on how to fill in the W-8 BEN form (link to guide here).

If you have an existing Computershare account:

  • Your broker will transfer the shares in your name. As a result, a second account may be created for you. This can be for a few reasons, such as a middle initial existing on one account, but not the other.

  • If your name matches exactly, then the transfer will process within 3-10 business days. If not, then it will take another 2-4 weeks for the account to be made and the DRS Account Statement sent out to you.

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