Yes, you are able to transfer bonds to an external account.
Please refer to the customer information brochure for a full list of
fees (estimated at $25/ per transfer attempt) that will be charged by the depository trust and clearing corporation on transfers like this.
To move forward we will need to get a few more pieces of information.
- Please confirm with your broker/ advisor that your brokerage account is set up to receive securities from DTC. It is helpful to get a copy of your brokerage firm's Delivery Instructions. This information is important because if your firm fails to accept the security you could get charged additional fees.
- Send us an message confirming your brokerage firm account is set up to accept Delivery from DTC. In your message, it would be helpful to include a copy of the Delivery Instructions and a page from your most recent brokerage account statement that has both your name and account number.
- Once we receive the information in #2 we will forward a digital version of a Letter of Authorization (LOA) to sign.
- Upon receipt of the LOA we will add the instructions to your account and every subsequent purchase can be delivered to the account on file if you so please.