Portfolio Transfer from Commsec to Stake

ThePointsGuru on 15/12/2021 - 01:33
Last edited 15/12/2021 - 09:05 by 1 other user

With Stake providing $3 brokerage per trade, has anyone tried transferring their Commsec or any other bank portfolio to Stake?

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  [Deactivated] on 15/12/2021 - 01:56

  +1

  No, but I would hold off on that unless you will be saving a lot on selling, stake still has less features

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  aneil915 on 15/12/2021 - 09:29

  Yep I transferred my portfolio over from Commsec to stake. Transfer was completed within 2 days. No issues at all.

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    krazek on 15/12/2021 - 11:15

    Did you need to provide a certified copy of your ID to stake?

    • 

      aneil915 on 15/12/2021 - 11:34

      +1

      Nope nothing had to be certified. I just uploaded a picture from my phone.

  • 

    ThePointsGuru on 17/12/2021 - 01:28

    Were you able to transfer your entire portfolio at once or do you have to provide individual stock codes to transfer?

    • 

      aneil915 on 17/12/2021 - 10:22

      +1

      You have to supply individual stock codes to transfer but you can supply them all in one transfer.

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        phidra on 15/04/2022 - 09:38

        Did you have to pay any type of fees or anything ?
        And how does it go down ? Make an acc with stake then transfer through QR ? Have to contact commsec to close account ?

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          aneil915 on 15/04/2022 - 12:25

          @phidra: Zero fees and no contact with Commsec. It was as easy as create a Stake account and then follow the steps on AUS Stock Transfers in the Stake app.

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  LemonShapedRock on 15/04/2022 - 11:36

  Usually works better the other way.

  Buy shares on Stake for the cheap brokerage then transfer to Commsec for the features.

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    ThePointsGuru on 17/04/2022 - 20:08

    I just transferred one of my holdings from Commsec to Stake and now I get 10 free trades every month for the next 12 months.