Direct Register Shares from SEB Bank

Updated: Aug 13

SEB Bank does not direct register shares, so you will need to transfer to a broker that can. IBKR has been a popular choice, as they are international and can DRS transfer for only $5(US). Revolut would be another option, but unfortunately they have been unable to accommodate transfers form SEB Bank in the past.


The quickest way is to open an IBKR account, is to 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 SEB Bank to IBKR with a Basic FOP Transfer (free). Then from IBKR to Computershare via DRS transfer for a $5(US) fee.


How to Transfer:

  • You need to create a Letter of Instruction, to do this you need to submit a transfer request with the receiving broker (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 SEB Bank on the drop down list.

  • Put your SEB Bank account number on the field : “Your Account Number at the Financial Institution".

  • Choose your account type (most likely individual).

  • Put the Country “Lithuania”.

  • Put the Contact Email info@seb.lt

  • You have to add the asset you want to transfer, click on “Add Asset".

  • In the pop up window, search which stock you'd like to transfer (GME). Then click on “Search".

  • On the next page, click on the row “GAMESTOP CORP-CLASS A / NYSE".

  • Put how many shares you'd like to transfer 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, sign, and scan the form back in.

  • Once the Letter of Instruction is signed, and scanned in, log into your SEB account online.

  • Click on the "Kitos paslaugos ir nustatymal" tab.

  • Then click on "Elektroniniai dokumentai".

  • From here you will be able to upload the Letter of Instruction to SEB bank

After a successful upload, the transfer should be performed in 5-10 business days. You will receive an email confirming that the transfer was successfully performed.


Please note: IBKR may place a hold on your account for 30 days to allow the shares to settle.


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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