How do I transfer shares from another broker to CommSec?
If your shares are held with another broker like Stake, CMC Markets or nabtrade, you can transfer them into your CommSec account in what is known as a Broker-to-Broker (B2B) share transfer. Transferring shares from another broker to CommSec is free, easy, and allows you to manage and trade these shares using your CommSec account.
In this guide:
What to check before you start your transfer
Before you begin your share transfer, check the following details on your CommSec account and your account with your other broker:
1. The shares are linked to a Holder Identification Number (HIN) which starts with the letter X.
2. The number of units being transferred.
3. The shares held by the other broker are registered in the exact same name and salutation as the CommSec Share Trading Account you are transferring these shares into. For example, transferring from MR JOHN SMITH to MR JOHN SMITH.
4. The shares held by the other broker are registered to the exact same postal address as the CommSec Share Trading Account you're transferring these shares into. For example, transferring from 1 NAME ST to 1 NAME ST. Please note the format of your postal address, for example, 1 NAME ST to 1 NAME STREET will not be accepted and will prevent the successful completion of your transfer request.
Find your HIN and confirm your account details by looking at the most recent statement you've received from your other broker.
What you'll need to complete your transfer
- Your HIN.
- Your name, salutation and postal address on your other broker account and your CommSec account must match.
- Your CommSec login details (Client ID and password) to download the share transfer form.
Your name (including middle names and salutations) and your postal address (including the format, e.g., ST versus STREET) must match on both accounts. If any of these details are incorrect, please update them with your other broker or with CommSec before you begin your transfer.
How to transfer your shares
Log into CommSec, head to Settings, navigate to Service Request, then select Transfer Shares, or start your share transfer here. Once you begin the transfer, you’ll be asked a series of questions about your shares:
Step 1: Where are your shares held?
- To bring your shares into CommSec from another broker, select With another broker, then click Next
Step 2: Which account do you want to transfer your shares into?
- Select the CommSec account you want to transfer these shares into, then select Next
- Review your account details such as your name and postal address to ensure they are correct and match the details linked to your other broker
- If your details are not correct or don't match exactly, select No, then Download OMT Form. Follow the instructions on this form carefully to complete your share transfer
- If your details are correct and match, select Yes, then click Download B2B Form to transfer your shares from another broker into CommSec. Follow the instructions on this form carefully to complete your share transfer
Step 3: Completing a Broker-to-Broker share transfer
- Complete the form online or on paper
- You must print our the form and sign it with a pen
- Once completed and signed, scan and email the form and any relevant supporting documents to CSL-BrokerTransfers@cba.com.au
What happens next
- Share transfer requests usually take up to two to three business days to process.
- CommSec and your other broker will verify your details, such as your account and stock details.
- Once your transfer request has been processed, you’ll receive an SMS and email notification, and you’ll be able to view these shares in your CommSec Portfolio.
Learn the terms
Broker
A broker is an ASX Settlement Participant (like CommSec) who is authorised to manage and transfer shares and other securities.
HIN
A HIN is a Holder Identification Number that identifies you as a CHESS Sponsored Shareholder with a broker. A HIN usually starts with the letter “X” followed by ten numbers (e.g. X0001234567).
Units
Units refer to the number of shares you wish to transfer.
