Can I transfer my securities from Xapo Bank to another broker?
Yes, you can. If you wish to transfer your holdings from the Xapo Bank app to another brokerage, reach out to our Customer Success team via the in-app chat or at [email protected].
Please note that depending on the transfer type, the following fees apply:
- ACAT Out (USA) - USD 65.00 per Account
- ACAT Out (Non-U.S.) - USD 65.00 per Account
Plus:
- DTC Deliveries/ Receives - USD 35.00 per position
- DWAC Transfer - USD150.00 per position
- DRS Transfer Incoming and Outgoing - USD 55.00 per position
The Automated Customer Account Transfer Service (ACATS) enables the movement of securities between trading accounts, even if they're at separate brokerage firms or banks.
DTC deliveries involve the electronic transfer of securities via the Depository Trust Company (DTC), a major U.S. securities depository, streamlining settlements and reducing physical stock certificate needs.
Deposit/Withdrawal At Custodian (DWAC) transfers allow for the electronic deposit or withdrawal of shares directly with the issuer's transfer agent, bypassing the need for physical certificates, and using the Depository Trust Company's (DTC) Fast Automated Securities Transfer system.
Direct Registration System (DRS) allows shareholders to hold their assets in electronic form directly with the issuer's transfer agent, eliminating the need for physical securities certificates and facilitating electronic transactions and transfers.
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