Public charges a $100(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 $100. There is also a possibility of a $115 fee if the transfer is rejected.
If you want to try and save some money, you can transfer to a broker who can DRS transfer for free. Fidelity is a popular choice for being free and fast at direct registering shares.
Public 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 Public. This will take roughly 3 days. If you ask Fidelity, they can reimburse the $75 transfer fee. From here you can follow the Fidelity guide located here.
Once your your shares and $100 are settled in Public, you can send them a Letter of Instruction. This can be handwritten or typed, but it must be signed with wet ink. You can write it informally, or use the following templates: GameStop specific template, blank template for any stock.
Writing it yourself?
Be sure to include:
Say: “I want an outbound DRS transfer of my GME shares to Computershare”.
Put a statement agreeing to the fees, (eg. I agree to the fee of $100 US associated with the DRS transfer).
Your Public account number, full name, phone number, email address, Tax ID/SSN.
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).
Print, sign, and scan the Letter of Instruction.
With your Letter of Instruction complete, write an email to: firstname.lastname@example.org.
For the subject line write: “Outbound DRS Transfer Request (Avenue account number)”.
For the email write: “I would like an outbound DRS transfer as detailed in the attached Letter of Instruction. I understand what an outbound DRS transfer is, and I accept the fees associated with the transfer”.
Attach the Letter of Instruction.
Click on "Send'".
The transfer will take 5-10 business days to process.
If you don't have an existing Computershare account:
The broker and Computershare will take care of the transfer and open a Computershare account for you. This will take another 2-3 business days.
If you have an existing Computershare account:
Your broker will transfer the shares based on your name and address. 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 and address match exactly, then the transfer will process within the normal amount of time. If not, then it will take another 2-3 business days.
After your shares leave your broker:
Go to Computershare.com/us.
Click on “Login to Investor Center”.
Click on “Register Now”.
Answer security questions such as Social Security number, ZIP Code, 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.
You can wait 3-5 business days for the verification letter, or you can verify your identity immediately online.
To verify online, Computershare will ask some security questions based on info they take from LexisNexis. Please note, part of the process is to give a question with zero correct answers. So read the questions carefully.
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.