OnVista does not direct register shares, so you need to transfer your shares to another broker that can DRS transfer.
OnVista may charge a fee for each Basic FOP Transfer. This means each time you want to transfer a specific stock (no matter how many shares) you are charged a fee. A popular route has been through Interactive Brokers (IBKR), as they are available internationally, and can DRS transfer for $5(US).
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 OnVista to IBKR with a Basic FOP Transfer, then from IBKR to Computershare via DRS transfer for a $5(US) fee.
Please Note; if you have GS2C shares, you can convert them to GME and transfer to IBKR at the same time using this guide.
How to Transfer:
Once your shares are settled in OnVista, you can send them a "Letter of Instruction", which IBKR can create for you.
Making the Letter of Instruction with IBKR:
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 ONVISTA on the drop down list.
For “Your Account Number at the Financial Institution" put your OnVista account number.
For “Name of Account Holder at Financial Institution“ put your full name as defined on your OnVista account.
Select the Account type (most likely individual).
Select the country of the Financial Institution where you access OnVista from.
For the contact email put “service@onvista-bank.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. Write in your name as it shows on the page and click on “Continue”.
Interactive Brokers will then generate a Letter of Instruction for you. Click on “View Form”, then click on “Print”.
Print and sign the form.
Once the Letter of Instruction is signed, put it in an envelope addressed to:
Onvista Bank
Wildunger Str. 6 A
60487
Frankfurt am Main
Then post the letter. The transfer will be processed within 1-2 weeks. 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 IBKR guide here).
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