Good day All, Does anyone perhaps know the procedure for moving shares from one platform to another. My partner has her portfolio with FNB and we would like to move it to Std Bank. Std has a far better TFSA portfolio to choose from too. Any feedback welcome! Thanks
It is my understanding that one cannot move shares into a TFSA account. I could not even moves ETF's from my Standard Bank trading account into a Standard Bank TFSA. I had to sell them , moved the cash into the TFSA and then buy ETF's from within the TFSA account.
I'm in the process of doing the same. I sent a message to Standard online and they sent a form that I can send to FNB and then back to them. FNB charges R103 per position held. So if you have 10 shares you'll be charged 103x10.
Sorry. There seems to be some confusion. I just want to see whether one can move shares bought on the FNB platform to the Std Bank platform? Please ignore the TFSA portion of the original question. I just want my start to start using the Std bank platform as I feel it offers far more. Thanks