# Transfer your TBSZ today.

Bring all of your accounts to Lightyear. We’ll guide you through the process, step by step.

When you invest, your capital is at risk. Your provider may charge exit fees.

Time to use a broker built for the 21st century.

## Why transfer to Lightyear?

### HU transfers

- Free TBSZ with fair pricing: No opening, holding or withdrawal fees. No transfer charges from us.

- We'll guide you through it: We outline each step, so you don't have to figure it out yourself.

- Won’t affect your taxes: Your TBSZ holding period carries over, transferring doesn't start the clock again.

A TBSZ is a long game. In a long game, fees decide the outcome. Lightyear is low-cost, handles the transfer, and your tax advantage stays.

— Balogh Petya, Angel investor and CEO of STRT Holding

## What’s the process?

### Upload your latest statement

We’ll automatically import the information we need to create your transfer, such as your TBSZ provider, account number and holdings. You can also do this manually.

### We’ll generate your befogadó nyilatkozat

You’ll get an official document to give your current TBSZ provider, so that they can start the transfer.

### Your provider transfers your TBSZ

We’ll agree a transfer date with your provider. Once your TBSZ arrives, your account will be ready for use.

## Open a free Lightyear TBSZ

No opening, holding or withdrawal fees.

## Keeping your money safe

Trusting us with your investments is something we do not take for granted.

### Multi-country regulation

- Regulated in the UK by the FCA: We’re authorised and regulated by the Financial Conduct Authority ([FRN 987226](https://register.fca.org.uk/s/firm?id=0014G000034WTPOQA4)). Lightyear UK Ltd is a company registered in England and Wales with company number 14367910.

- Regulated in the EU by EFSA: We’re authorised and regulated by the Estonian Financial Supervision Authority (4.1-1/31 and 4.1-1/147) and authorised to operate across the European Union.

### Government insurance

- Your US securities are SIPC protected up to $500,000: Your US securities are held with our partner Alpaca, who is FINRA regulated and a registered member of the Securities Investor Protection Corporation (SIPC).

- EU investor protections insure up to €20,000 across your portfolio: Your assets are covered up to the amount €20,000 by the Estonian Investor Protection Sectoral Fund. Crypto-assets are not covered by any investor compensation scheme in the EU.

### Safeguarding your assets

- We safeguard your cash with authorised banks & financial institutions: Customer funds are held in a mix of AAA-rated BlackRock and J.P. Morgan Asset Management Money Market Funds and cash in authorised commercial banks. Your money is always kept separate from ours.

- Your assets are yours, no one else’s: Your assets are yours, no one else’s. You are the owner of all your investments, and your assets are held in separate accounts. Your assets can’t be touched by our creditors and in the unlikely event of Lightyear’s insolvency, everything is returned to you. Your crypto-assets are no different.

## Questions a curious investor might ask

### How do I transfer my TBSZ to Lightyear?

For TBSZ, you can’t transfer partial portfolios, meaning your full TBSZ has to move together. As a first step, you need to reach out to your current broker to get an initiator statement, after which you can find ‘Transfer your portfolio’ in your Lightyear app’s main menu.

From there, you just need to follow the steps outlined. We’ve pulled together a guide with more information [here](https://lightyear.com/en-hu/help/trading-and-investments/how-to-transfer-tbsz)

### How much does a TBSZ transfer cost?

Transfer-out fees vary by broker, so it's worth checking with your current provider what they'll charge before starting, especially if you hold several instruments.

From our side, there are no fees for your incoming TBSZ transfer.

### How long does a TBSZ transfer take?

It depends on the number of transfers that are handled as well as both brokers' internal processes. In practice, you can expect this to take a few weeks, but don’t worry, we’ll keep you updated in the transfer tracker in your Lightyear account.

### Do I need to report my TBSZ transfer to NAV?

Yes, when you transfer a TBSZ to Lightyear, you need to declare the transfer to NAV, similarly to how you do when opening a new TBSZ with us. If you don't, NAV has no record that your TBSZ continues at Lightyear for its original start year, and it may treat your gains as taxable when the account matures.

The deadline to do this is 30 days from the date of the transfer, as stated on the Lekötési igazolás issued by your previous provider.

This is separate from any declaration you might have made when you first opened the TBSZ with your previous broker. That earlier declaration does not carry over to Lightyear.

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Canonical: https://lightyear.com/en-hu/transfer-tbsz-to-lightyear