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Transferring shares online with the Big Four

Information verified correct on December 4th, 2016

To transfer your shares to one of the Big Four banks online, take a look at the following methods.

If you want to transfer shares to another person, company or bank account, you can do this through an off-market or online transfer. This type of transfer is also necessary when you want to begin to invest in shares and build your portfolio through the Australian Securities Exchange (ASX) and other stock markets. Here you can find information on different types of shares, what you need for online share transfers, and how to transfer shares with each of the Big Four banks.

To transfer your shares into another trading platform, you need to complete a Clearing House Electronic Subregister System (CHESS) sponsorship form that will allow you to transfer your existing holdings from a certain issuer or broker to another sponsoring participant.

CHESS is the computer system used by the ASX to record shareholdings and manage share transaction settlements.

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What are sponsored shares?

Essentially, your share transfer will depend on how your shares are sponsored, that is either issuer sponsored or broker sponsored.

Issuer-sponsored holdings are those that you may have purchased as a new issue, earned through a demutualisation, been allocated by your company or transformed from broker sponsorship. Broker-sponsored holdings, on the other hand, are those registered with a stock broker and are usually given an HIN (Holder Identification Number) by the broker.

How to transfer shares online: the Big Four

Westpac

Online
  1. Download a CHESS Sponsorship and Broker to Broker Transfer Form from Westpac’s website.
  2. Fill out your details and the old and new brokers’ details – make sure that these details are correct and match the ones in the old broker. Then sign the Declaration & Sign/s section. Note: For broker-sponsored shares, you will have an HIN instead of a Securityholder Reference Number (SRN) allocated to your shares, which starts with an ‘X’.
  1. Print out the form and complete any outstanding information.
  2. Email it to online@wespac.com.au

You will have to wait 2-3 days after the form is received until the shares you nominated are transferred successfully.

Fax
  1. Download a CHESS Sponsorship and Broker to Broker Transfer Form from Westpac’s website.
  1. Fill out your details and the old and new brokers’ details – make sure that these details are correct and match the ones in the old broker. Then sign the Declaration & Sign/s section. Note: For broker-sponsored shares, you will have an HIN instead of a Securityholder Reference Number (SRN) allocated to your shares, which starts with an ‘X’.
  1. Print out the form and complete any outstanding information.
  2. Fax the form on 1300 130 493.

This type of transfer is free of cost. You will have to wait 2-3 days after the form is received until the shares you nominated are transferred successfully.

Post

Post the completed CHESS form to:

Westpac Securities
Reply Paid 85157
AUSTRALIA SQUARE NSW 1214

Otherwise, you can transfer shares through an off-market transaction. This is also referred to as a standard transfer.

Transfer shares from another broker’s CHESS sponsored account

Here are the steps to a your shares to a Westpac Securities CHESS sponsored account.

  1. Complete the Standard Transfer Form from Westpac’s website.
  2. Fill out all required details. You can refer to the second page of the form for guidelines.
  3. Send the completed form to Westpac Securities:
    Westpac Securities
    Reply Paid 85157
    Australia Square NSW 1214

This post transfer costs $50 per transfer. You will have to wait 2-3 days after the form is received until the shares you nominated are transferred successfully.


Case study: CommBank

If you want to transfer shares held with a stockbroker firm to CommBank for business purposes, you will need to fill out a Broker to Broker Transfer Form. To do this, you must first ensure that the firm you have chosen to stock your shares is eligible for share transfer.

Here are the steps to follow to transfer shares to Commonwealth Bank:

  1. Log into your CommSec account.
  2. Navigate to Support > Forms & Brochures: Shares > CHESS Sponsorship and Broker to Broker Request Form.
  3. Download the CHESS sponsorship form from the bank’s website.
  4. Complete the form and make sure that all the registration details of your old firm match the ones of the new firm.
  5. Choose whether you need your HIN or some of your holdings to be transferred to CommSec.
  6.  After agreeing with the terms and conditions on the form, sign and post the form to the bank’s postal address:
    CommSec - Conversions
    Locked Bag 22
    Australia Square
    NSW 1215

Normally you would wait 2-3 days after the form is received until the shares you nominated are transferred successfully.

CommBank

Online
  1. Create or sign in to your CommSec account.
  2. Download the CHESS sponsorship form from Commonwealth Bank’s website.
  3. Nominate whether you would like your HIN or some of your nominated shares to be transferred to CommSec then sign the “Agreement” section.
  4. Email the completed form to shares@commsec.com.au

You will have to wait 2-3 days after the form is received until the shares you nominated are transferred successfully.

Fax
  1. Create or sign in to your CommSec account.
  2. Download the CHESS sponsorship form from Commonwealth Bank’s website.
  3. Choose whether you would like your HIN or some of your nominated shares to be transferred to CommSec then sign the 'Agreement' section at the bottom of the form.
  4. Fax the form on (02) 9280 7023.

This type of transfer is free of cost. You will have to wait 2-3 days after the form is received until the shares you nominated are transferred successfully.

Post

Post the completed CHESS form to:

CommSec
Locked Bag 22
Australian Square NSW 1215

Otherwise, you can transfer shares through off-market transaction. This is also referred to as a standard transfer.

Transfer shares from another broker’s CHESS sponsored account

Here are the steps to transfer your shares to a CommSec CHESS sponsored account.

  1. Complete the Off Market Transfer Form from CommSec’s website.
  2. Fill out all required details. You can refer to the first two pages of the form for guidelines.
  3. Send the completed form to:
    CommSec
    Locked Bag 22
    Australian Square NSW 1215

This post transfer costs $54 per transfer. You will have to wait 2-3 days after the form is received until the shares you nominated are transferred successfully.


ANZ

Online
  1. Download the Broker to Broker Transfer Form from ANZ Securities.
  2. Fill out your details as well as the holdings details, then complete and sign the Declaration Section.
  3. Email the form to requests@anzshareinvesting.com

This type of transfer is free of cost. You will have to wait 2-3 days after the form is received until the shares you nominated are transferred successfully.

Fax
  1. Download the Broker to Broker Transfer Form from ANZ Securities.
  2. Fill out and complete the form before signing the Declaration Section.
  3. Fax the form on 1300 553 589.

This type of transfer is free of cost. You will have to wait 2-3 days after the form is received until the shares you nominated are transferred successfully.

Post

Post the completed fBroker to Broker Transfer form to:

ANZ Share Investing
Reply Paid 1346
Royal Exchange NSW 1224

Otherwise, you can transfer shares through an off-market transaction. This is also referred to as a standard transfer.

Transfer shares from another broker’s CHESS sponsored account

Here are the steps to transfer shares to an ANZ Securities CHESS sponsored account.

  1. Complete the Off Market Transfer Form from ANZ Securities or download the form.
  2. Fill out all required details in the form.
  3. Send the completed form to Westpac Securities:
    ANZ Share Investing
    Reply Paid 1346
    Royal Exchange NSW 1224

There is a post transfer fee of $55 for each transfer. You will have to wait 2-3 days after the form is received until the shares you nominated are transferred successfully.


NAB

Online
  1. Log into nabtrade.
  2. Navigate to Admin > Permissions > Broker Sponsored > Apply > Submit to download the Broker to Broker Transfer Request Form.
  3. Complete all information on the form.
  4. Send the form to enquiries@nabtrade.com.au

This transfer is free of cost. You will have to wait 2-3 days after the form is received until the shares you nominated are transferred successfully.

Fax
  1. Log into nabtrade.
  2. Navigate to Admin > Permissions > Broker Sponsored > Apply > Submit to download the pdf form of Broker to Broker Transfer Request.
  3. Complete all information on the form.
  4. Fax the completed form on 1300 368 758.

This transfer is free of cost. You will have to wait 2-3 days after the form is received until the shares you nominated are transferred successfully.

Post

Post the completed Broker to Broker Transfer Request to:

nabtrade
GPO Box 4545
Melbourne VIC 3001

Otherwise, you can transfer shares through an off-market transaction. This is also referred to as a standard transfer.

Transfer shares from another broker’s CHESS sponsored account

Here are the steps to transfer shares to a nabtrade CHESS sponsored account.

  1. Complete the Off Market Transfer Form from nabtrade’s website or download.
  2. Fill out all required details. You can refer to the third page of the form for guidelines.
  3. Send the completed form to:
    nabtrade
    GPO Box 4545
    Melbourne VIC 3001

There is a post transfer fee of $55 for each transfer. You will have to wait 2-3 days after the form is received until the shares you nominated are transferred successfully.

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Andrew Munro

Andrew writes for finder.com.au, comparing products, writing guides, sniffing out deals and looking for new ways to help people get the most out of their money.

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