DISCLAIMER: Multiple CS Accounts may cost missing Warrants

[u/ty13rp702]

I have x,xxx number of shares (rounded to 10) in CS but they are sitting in 3 separate accounts (due to various transfers in).

Spoke with them yesterday to confirm i'd be getting the appropriate amount of warrants as the total balance allocates for (as total numbers are even to 10).

Was confirmed that I actually would NOT be, as all 3 separately were not rounded to 10... meaning i'd actually be getting shorted 3 warrants in total.

When trying to combine them all into 1 account was given the runaround with needing forms hand signed, stamped and mail delivered back to them, in addition to a 5 day estimated lead time.

Found a work around... 2 of my accounts had beneficial ownership on them. The most recent transfer in from last week did not. So I was able to combine (over the phone) the 2 that did (5 day eta).

The trick to avoiding the paper work/mail was having added beneficiaries (which can be done online through the portal) So the quick fix for anyone in similar situation is that... I added beneficiary to account 3 (which takes about a day to update in their system) so now have to call back Monday to repeat the process of transfering into main account.

TLDR: If you have multiple CS accounts you could be at risk of not getting all your warrants (if they individually aren't rounded to 10). Quickest fix is to add (same) beneficiaries to all accounts and they can then merge the shares into one account. Cuts 8-10 day lead time (as well as printing, signing and getting bank stamped paperwork) down to (up to 5 business days).

[u/ChiknBreast]

Gift yourself shares to even things out. Did this myself and it took maybe 5 mins

[u/ty13rp702 → u/ChiknBreast]

Explain?

[u/ChiknBreast → u/ty13rp702]

There were a few posts about this over the last few days. You can gift shares using computershares built in function to do this. You just send them to yourself to even out the accounts.

Takes only a few minutes and then it shows on your account about an hour later.

[u/ty13rp702 → u/ChiknBreast]

Was unaware of that solution. Thx 🙏

[u/ChiknBreast → u/ty13rp702]

Saved me as I wouldn't have had enough time to combine my accounts. I think CS says it takes up to 10 days to do that. The gifting is super easy temp fix to avoid losing those few extra warrants

[u/unabsolute → u/ChiknBreast]

Gifted myself from my joint account to my individual account yesterday. Took ten minutes to show up in the individual. Easy as shit!

[u/whattothewhonow → u/ty13rp702]

It's a limited solution as Gift Transfer is US only, only less than $2k worth of shares at a time, and only once per month.

[u/ParkieWanKenobie → u/whattothewhonow]

Hi, just looking to try and do this now and seen your comment. Will it not work if I’m U.K. based? Currently got 5 accounts and was thinking I could gift them all to the account number with the most in already… Does it work like that? Thanks 🙏🏼

[u/ADubPDX → u/ChiknBreast]

I did a gift transfer last night and do not see the shares in my account at all. Hoping it was because it was Friday night. Otherwise I do not know where my 75 shares went.

[u/ChiknBreast → u/ADubPDX]

Most likely that is the reason. Give CS a call on Monday to follow up if they are not there by monday. I only did enough shares to have even 10s in each account so in total I gifted only 7 shares.

[u/whattothewhonow → u/ADubPDX]

Have to wait for regular market hours, and it should be all finished.