I am currently looking to transfer my GIA from another broker to Free-trade , i have the form which i got from Free-trade support that i am currently filling out.
The form is asking for the āaccount numberā however i can only find my āuser numberā in the Free-Trade app ?
Am i missing a section were i can find an account number ?
Thankyou
No youāre not missing anything, itās a dud form. Just ask FT in chat. If youāve been on FT for a while and remember sending money into your account usigg a reference code, its that number. Also things they donāt tell you - you can apparently only transfer in LSE shares, nothing listed in the US.
No, in general there is not. By law, brand new money entering any ISA wrapper must be in GBP cash. Hence sale, transfer pounds, repurchase is the only way. Or even ISA ā LISA transfers result in sale & repurchase to calculate the Ā£4k transfer in limit & government grant.
There is very limited number of stock shares that one can contribute into ISA but it is complicated - if you work for an employer that is a publically listed FTSE company and they offer save&buy shares scheme and you sign up for that and get the shares, upon granting those can be moved into ISA without bed&ISA process with some brokers. But that is very rare / small amounts.
Oliver,
Many thanks for your reply , this information has been really helpful. I will contact support.
Just to update on my experience with GIA transfers:
I sent my request to Freetrade to transfer my GIA from AJBell.
Transfer of funds* were received in my Freetrade GIA today.
The process took 15 days in total from start to finish.
*I liquidated the stocks I had with AJBell so it was a cash transfer, in case transfer of stocks might take longer.
Is there anyway to transfer shares that purchased a few years ago into my Freetrade account?
Hi @Eddie_D
Youāll need to fill out this form, itās only for UK stocks currently
Freetrade do offer the ability to transfer certain types or shares/investment accounts.
If you contact support they are in the best position to explain the procedure.
I have a family member currently going through a GIA transfer to Freetrade and support have been excellent and made the process straight forward so far. Just a waiting game now for the shares to be moved.
Thanks
Form filled in.
Nothing fancy, just thought Iād mention my transfer experience as itās was super smooth.
Transfered some GIA shares into Freetrade via their transfer form. Whole thing took 8 business days. Was originally suggested this can take up to 6 weeks. Presumably some of that depends on the speediness of the other broker.
Freetrade also asked for original book costs which was unexpected but a nice addition. So it continues to reflect the original price i paid elsewhere within the free trade app
Only downside was they couldnāt transfer some UK stocks that theyāve recently removed from the platform. Which is disappointing as itās not clear why. But hopefully those will be brought back in the future
Anyone know
If you transfer stocks into FT from an account thatās in USD will any FX fees be payable?
Hi, I have recently invested using Freetrade however, I managed my own portfolio for two years over on SaxoCapital and would like to transfer my positions over to Freetrade. Is this possible?
You can transfer if they hold the stock, if not you can either request and wait for it to be added ( freetrade are very slow at adding) or sell the shares and transfer the cash
Thereās a form you need to fill out
Thanks for the reply
Hey, that form is for ISAās. How about shares from other trading accounts?
Iām also interested in transferring shares from another non-ISA account in my FreeTrade non-ISA account, where FreeTrade do offer the stock.
Thanks Adam, but that is for transferring ISAs, not shares held in a non-ISA S&S account (the actual name for the type of account escapes me), like using FreeTrade in a non-ISA capacity.
General Investment Account (GIA) might be the name escaping you. Feel free to grab it before it runs away
Is there any development here? Iām still waiting for the day when I can move my GIA shares from another broker into Freetrade without having to sell/repurchase. More than happy if thatās only available for Freetrade Plus - I just hate being stuck with my old broker.