How do I transfer shares out of my account?
1. Share Transfer-Out Procedure
To initiate the transfer-out process, please follow the following steps:
1.1 Notify Longbridge by logging into the LB App > Portfolio > More > Share Transfer Out
1.2 Inform the receiving broker to accept the shares, and reach us via the below email address / contact number
| Broker Name | LONG BRIDGE SECURITIES PTE. LTD. |
| Contact Person | Settlement Department |
| Tel No. | (+65) 63303030 |
| backoffice@longbridge.sg |
1.3 Ensure that both the delivering and receiving brokers have acknowledged the instructions
2. Share Transfer-Out Fee Schedule
| Market | Transfer-out Fee* |
| US | 150 USD / Stock |
| HK | 500 HKD / Stock |
| SG | 150 SGD / Stock |
*The above fees are subject to the goods and services tax (GST) by the Singapore government (if applicable)
Note
- Only Non-Change in Beneficial Ownership (NCBO) transfers are supported. Transfers that involve a Change in Beneficial Ownership (CBO) are not accepted.
- Accounts on margin are not permitted to initiate a transfer-out request.
- Transfers are limited to US, HK, and SG stocks only.
- Under normal circumstances, once the request has been acknowledged by both the receiving and delivering brokers, the transfer is typically completed within 3-5 business days.
Disclosures
This article is for reference only and does not constitute any investment advice.
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