You can transfer your shares from another broker to Lightyear! We accept whole shares and the stock transfer must be at least $1000 worth of shares.
How can I start the process?
Go to your profile in the top left corner, and open the Settings screen by tapping the cog icon. Scroll down and hit “Transfer stocks to us”. You'll be prompted to select the stock you wish to transfer to us. If you don't find your stock in the list, this means we don’t have it in our selection.
You'll then need to enter a few small details so that we can send the correct stock transfer guide to you. All you need to do then is follow our guide to initiate a stock transfer from your current broker and then we’ll take over for the rest!
How much does the transfer cost?
We don’t charge you for the transfer but your current broker might, so please be aware of any costs during the process. Your current broker might ask you to pay or sell some of the stock to cover for the transfer fee.
Where can I transfer my stock over from?
We have detailed step-by-step guides for the following brokers:
If your broker does not appear in this list, we may still be able to help you transfer your holdings to Lightyear. If your broker offers stock transfers out, feel free to reach out to us below – we may request that you fill in this form to arrange a transfer.
How long does it take?
There are only a few steps required from you to initiate a stock transfer. At present, this is a manual process. The time it takes for transfers to appear in your Lightyear account may vary, and it often depends on the practices of your existing broker. If your existing broker uses older systems, the process may take longer or involve additional complexities.
We'll aim to keep you updated throughout via notifications. Please note that the transfer timeline is largely controlled by the originating broker and requires their action.
Can I transfer my stocks out of Lightyear?
At this time, we don't support direct stock transfers out of Lightyear accounts. We're working on adding this feature. Until then, you can liquidate your positions and transfer the funds back to your bank account.