Question about stock certificates...

[Kenazo]

I have some stocks bought in an online investment account (through a major bank), unfortunately they are imposing a minimum account limit that is higher than my current total. I know I could transfer these holdings over to another company (e-trade or something), but my future right now is kind of iffy (might be moving out of the country etc.)...sooo I was wondering if I can 'withdraw' these stocks as a certificate or something and then put them in a safety deposit box? I seem to think this is possible but have never done it🙂 Suggestions?

 

[Miramonti]

ameritrade charges $75 per stock certificate, for each stock.

 

[Kenazo]

youch! It hardly makes sense that they can charge me that much for something I already own😕 I'll check out what the fee is for my bank.

So I can get the certificate from them after paying the fee and then just store it, right? That's all the validation I need to prove ownership?

 

[Miramonti]

Originally posted by: Kenazo
youch! It hardly makes sense that they can charge me that much for something I already own😕 I'll check out what the fee is for my bank. So I can get the certificate from them after paying the fee and then just store it, right? That's all the validation I need to prove ownership?

btw you can get one certificate for 100 shares etc., so its mainly $75 per stock or so. I think thats all you need. I don't know what happens tho if the stock splits or if the company gets bought by someone else while your stocks are in a deposit box...might want to ask someone about that so you don't lose their value completely if they suddenly have to be tendered before a certain date.