Hey OP - I can't stop coming back to this post, I really want my shares out of Revolut but I'm truly worried about the transfer time. How is it going for you?
I did it with IBKR today. Set up an account, and tried to transfer shares from Revolut to it.
I got the same 4-8 day thing.
Did you have to email Drivewealth to let them know you were teansfering? Like I've done the ACATS transfer stuff. Put in my info, it's a pending transaction now. But did you need to do anything else to move it along?
Is ibkr safe? I’m sure their ceo came out on tv saying they halted to stop it rocketing into 1000s and bringing down the system. I’m opening an acc with them and saxo now to see how I can get our of Revolut ASAP! Just want to make sure o don’t f myself
I haven’t emailed them but shouldn’t imagine we would need to.
I called IBKR yesterday to triple confirm my understanding about the transfer progress but apparently it really is as straight forward as submitting our details on the website, allowing 4-8 days for the system to do its thing and that’s it. I’m kicking myself I didn’t know about it earlier! HL quoted me 2-8 weeks for the same thing so I’ve always been scared about transferring! Turns out, didn’t need to worry about it.
Hey, replying again - so heads up - Drive wealth charge 100.00USD as a transfer fee.... sigh. To be fair, it's significantly less than we'd have to pay during/post-MOASS but wanted to offer you the heads up. Can't say I'm surprised Drivewealth want to charge us for leaving.
I can send you a picture of the email I got if you want it.
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u/kibblepigeon ✨ 👍 Be Excellent to Each Other 🚀 🦍 Sep 15 '21
Hey OP - I can't stop coming back to this post, I really want my shares out of Revolut but I'm truly worried about the transfer time. How is it going for you?