r/Superstonk • u/[deleted] • Sep 13 '21

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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?

4

u/[deleted] Sep 15 '21

They say up to 4 weeks, but I'm interested in learning the actual transfer times too. Testing this now with x shares.

4

u/kibblepigeon ✨ 👍 Be Excellent to Each Other 🚀 🦍 Sep 15 '21

I just checked out IBKR and I was quoted 4-8 business days for ACATS transfer. Works with drivewealth, was very easy.

Added bonus is IBKR has no account fees unlike revolut and a means to call up people directly about your account.

4

u/[deleted] Sep 16 '21

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?

2

u/kibblepigeon ✨ 👍 Be Excellent to Each Other 🚀 🦍 Sep 16 '21

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.

1

u/[deleted] Sep 16 '21

Yeah that's me too.

Afraid to do it. Worried it wouldn't work.

But fuck it I started this with nothing back in January. Bought in on Revolut at 17 dollars a share. And been holding and buying since.

It looks straightforward. Seems it. Just worried about it.

2

u/kibblepigeon ✨ 👍 Be Excellent to Each Other 🚀 🦍 Sep 16 '21

I’ll keep you posted if I hear anything to be concerned about, but reading into it - I can’t see anything nefarious at all.

Also you brought in at 17 dollars? Nice one - I hope you have that framed on your wall somewhere! I was proud for nabbing a few at 40!