Securities account transfer to Scalable Capital
Now possible for accounts with German IBAN: Transfer single securities or an entire securities account to the Scalable Broker, easily and completely digitally.
If you did not yet provide your tax identification number, it may take a few days before the securities account transfer is available for you.
Advantages of a securities account transfer
All securities in one place |
No fees apply |
Total or partial transfer |
Digital process without paperwork |
This is how the securities account transfer works
Simply log in to the Scalable app or on the web and directly start the securities account transfer under Profile > Products > Securities transfer. Here you can also check the status of your transfer after submitting it.
You can find detailed instructions in our blog article "How does a custody account transfer work?".
Frequently asked questions
You are welcome to transfer your portfolio to Scalable Broker. To get started, log in to the Scalable app or on the web and authorise the securities account transfer digitally under Profile > Products > Securities transfer. After the securities transfer has been submitted, you can check the status of the transfer here.
You can find detailed instructions in our blog post.
Please note the additional requirements of the following banks for the processing of outgoing securities account transfers:
Trade Republic: It is required to initiate the transfer in the Trade Republic app. In the Trade Republic app, select Profile, then Help > Wealth > Outgoing securities transfer > Transfer securities out of Trade Republic. Enter your Scalable details there:
- Bank: Scalable Capital Bank
- BIC: SCABDEMMXXX
- Securities account number: You can view this under Profile > Product details in the Scalable app (starting with ‘5’).
DEGIRO: Please contact DEGIRO's customer service to initiate the transfer. DEGIRO provides a digital form for this purpose, which can be submitted via email to transfers@degiro.eu.
Please note:
- Securities transfers are currently only possible for accounts with a German IBAN.
- If you have any questions about the status, please contact your source bank as soon as the status ‘Source bank has received the instruction’ has been reached. The name and BIC of the source bank will be displayed in the detailed view.
- Securities account transfers initiated by your house bank cannot be accepted.
- It may take several weeks until the entire process of the transfer is complete.
Please note that a securities account transfer is a complex process in which several parties are involved and the securities to be transferred may have different depositories. As a result, the transfer may take a few weeks.
Only securities that are tradable in the Scalable Broker can be transferred. Also, only whole shares of securities can be transferred, not fractional securities. Employee shares are excluded from the transfer. Please also be aware that we can only accept securities from accounts with a German IBAN.
To ensure that all securities to be transferred are also tradable in the Scalable Broker, you specify all positions individually. This also applies if you intend to transfer your entire securities account. Securities that are not specified are excluded from the transfer and remain in the selling securities account.
Only transfers of securities in German custody accounts can be accepted, as these are connected to the local settlement and custody services provider called Clearstream.
The transferring securities account have to be in your name. An incoming transfer from a joint or third-party securities account (creditor change) is not possible.
The display of the acquisition data, according to the deposit documents, may be delayed by a few bank working days after the deposit. In the case of a securities account transfer, all acquisition prices and tax-relevant data are supplied by the transferring bank. These will be accepted and deposited by our custodian bank.
All acquisition values are delivered by the delivering bank to our custodian bank. You can find the delivered data in the deposit receipts in your mailbox. If the data on the receipts is not correct, please contact the delivering bank in this regard.
Trading of the securities being transferred is not possible during a securities account transfer.