For onvista bank customers, the question arises as to how a securities account transfer can be carried out as smoothly and without delays as possible. We explain how a change can be made easily and simply.
This article is part of a 4-part series: Part 1 – Part 2 – Part 3 – Part 4
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When switching securities accounts, securities are transferred from one bank to another. Within Germany, this deposit transfer is usually free of charge; Only securities held abroad can incur costs that banks are allowed to pass on to customers.
A signed form that is sent to the previous bank is usually sufficient for the transfer. Some online brokers, such as finanzen.net ZERO, also enable depot transfers conveniently online: After opening the new depot, customers enter their old bank details and choose whether the entire depot or just individual positions should be transferred.
The screenshot below illustrates this process using the example of finanzen.net ZERO.
After the online securities account transfer has been completed, the securities are automatically booked into the new securities account. Customers can then manage the portfolio with the new online broker. The transfer can take a few days to two weeks; The transfer is often quicker for domestic standard securities, while processing times for foreign or less common securities can be longer. With modern providers, investors can follow this process via the customer portal.
In the next article we explain what onvista bank customers can expect when switching to the “cost winner” from Stiftung Warentest.1
Next page: Why the “cost winner” is a good choice for onvista bank customers
1) “Test securities depots – free and cheap depots from brokers, online and branch banks”, published in Finanztest, issue 11/2024, conditions determined as of August 1st, 2024
