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Direct Register Shares from Saxobank

Updated: Jul 1, 2023

In some countries Saxobank has started offering DRS transfers for a $25(US) fee, down from $1000(US) in 2021. Although they still list $1000 as the fee for some countries.

As it used to be the highest fee to DRS transfer, and have are now refusing DRS transfer requests in the Netherlands, this guide focusses on transferring to a broker that can DRS transfer for less. Saxobank offers broker to broker transfers for just €25. Although they recently increased this in Belgium to a €75 fee.

A popular route to transfer shares from Saxobank to Computershare has been through Interactive Brokers (IBKR).

The quickest way is to open an IBKR 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 Saxobank to IBKR with a Basic FOP Transfer (€25 fee), then from IBKR to Computershare via DRS transfer for a $5(US) fee.

How to Transfer:

Once your shares and €25 are settled in Saxobank, you need to initiate the Basic FOP transfer at IBKR and then send an email with a signed transfer form generated by IBKR to SaxoBank (you can find more info on this here).

Login to 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 "SAXOBANK" on the drop down list.

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

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

  • Select the Account type (most likely individual).

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

  • For the contact email:

  • 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. Download a copy of the “Customer Account Transfer - Letter of Authorization”, saved as “Account Management.pdf”.

  • Print a hardcopy of this pdf, sign it with your signature and scan it/make a photo of it.

  • Send an email to Saxobank containing both the original “Account Management.pdf”, as well as the signed copy as attachments. Request Saxo to initiate the Basic FOP Transfer and say that you agree to pay 25 euros for it.

The transfer should be processed within 2 weeks depending on the workload at Saxobank.

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).


If you have any corrections, or know of any other brokers, please let us know through the feedback page!

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