Account transfer to
the new Scalable
From 6-7 December 2025, Baader accounts of users with both a Baader and a Scalable account (Scalable Broker and Wealth) will be transferred to the new Scalable account.
The account transfer at a glance
The transfer is free of charge, automatic and includes:
 |
Securities with fractions |
|
Savings plans |
|
Cash |
|
Documents, transaction and performance history |
After the weekend of the transfer from 6-7 December 2025, your Baader accounts including clearing accounts will be closed permanently. Any other business relationships with Baader Bank are not affected.
Important note for our Austrian clients: The transfer to the new Scalable must be reported to the Austrian tax office via FinanzOnline within 1 month after the transfer. Otherwise, the transfer may be treated as a deemed sale, which could result in capital gains tax of 27.5% on unrealised gains. Scalable Capital will provide a report in your Mailbox approximately two weeks after the transfer to support you with the tax filing via FinanzOnline. Scalable Capital does not provide tax advice. 1 You can find more information in the FAQs.
Process of the account transfer
Limitations only apply to your Baader account. Your new Scalable account can continue to be used throughout the transfer process. Restrictions to the client area will apply temporarily outside of trading hours during the weekend of the transfer.
Uncertain whether this applies to you? Navigate to your Profile within the app. If you observe two accounts listed at the top, the following changes are relevant to you.
Date |
Status |
Step |
|---|
From 1 August 2025
Broker (Baader Bank)
- 1 August: Creation and changes of savings plans no longer possible in your Baader account.
- All savings plans with the execution dates 1, 4 and 7 August will still be executed in your Baader account.
- From 8 August: All savings plans will be executed in your new Scalable account – incl. the ones previously instructed on Baader accounts.
- If you already had a saving plan for the same security in your Scalable account, the savings plans will be summed.
- All holdings like your stocks, ETFs and cash will remain in your Baader account until the weekend of the transfer to the new Scalable (please refer to the last step of this table).
- In case your savings plans are debited from your clearing account, please ensure sufficient cash in your new Scalable account until 8 August.
Learn more about how to find your IBAN and how to verify the payment method of your savings plans.
Wealth (Baader Bank)
- Until 2 December 2025 withdrawal plans will be executed in your Baader account.
- After the weekend of the transfer, your savings and withdrawal plans will continue via your Scalable account.
- Important: Please note that each Wealth portfolio will be assigned a new IBAN.
From 10 October 2025
Broker and Wealth (Baader Bank)
- Changes to personal data will not be processed anymore in your Baader account. This includes changes to names and addresses.
Broker and Wealth (Baader Bank)
- Incoming or outgoing security transfers can no longer be instructed. Pending transfers will still be completed.
From 1 December 2025
Broker (Baader Bank)
- Buy orders are only possible in the new Scalable account.
- In your Baader account all pending buy orders will expire.
From 3 December 2025
Broker (Baader Bank)
- Buy and sell orders are only possible in the new Scalable account.
- In your Baader account all pending sell orders will expire.
- For securities in your Baader account, the transfer has been initiated. They will be tradable again after the weekend of the transfer in your new Scalable account.
Broker and Wealth (Baader Bank)
- Changes to reference accounts will not be processed anymore in your Baader account.
From 2 December 2025 (for Wealth) and 5 December 2025 (for Broker)
Broker (Baader Bank)
- From 5 December 2025, withdrawals can no longer be instructed for the Baader account.
- Remaining cash balances will be transferred to the new Scalable automatically.
- Transfers to your Baader account from 6 December will be returned to the sender’s current (reference) account.
Wealth (Baader Bank)
- Incoming deposits via SEPA direct debit will be rejected. Deposits via SEPA transfers will continue to be possible.
- From 2 December 2025, withdrawals can no longer be instructed.
- Remaining cash balances will be transferred to the new Scalable automatically.
- Transfers to your Baader account from 6 December will be returned to the sender’s current (reference) account.
From 6 - 7 December 2025
Broker and Wealth (Baader Bank)
- The transfer will take place over the weekend outside of trading hours.
- Prior to the transfer all functionality of your Baader account will be deactivated (see previous steps).
- You can continue to trade in your new Scalable account throughout the transfer process.
- On the weekend of the transfer access to your client area will be restricted temporarily.
Your new Scalable account then includes:
- Securities with fractions
- Savings plans
- Cash
- Documents, transaction and performance history
Upon successful transfer your Baader account will be closed.
1 Scalable Capital will provide a report in your Mailbox approximately two weeks after the transfer to support you with the tax filing via FinanzOnline. Scalable Capital does not charge an additional remuneration for the execution of this instruction. Scalable Capital does not provide advice on tax matters, assumes no responsibility for the accuracy of the content of the report, but is solely liable for the careful selection and instruction of the service provider.
Frequently asked questions
Yes, all of your securities including fractions will be moved to the new Scalable over the weekend from 6 - 7 December 2025. Your cash will also be transferred. Positions in the same security will be summed.
Ongoing corporate actions will be completed first before the respective securities can be transferred to your new Scalable account. Pending dividend payments will be made directly to the new Scalable account.
The entire process will start in August with moving your savings plans to the new Scalable. It will end in Q4 2025 with the transfer of your securities over the weekend from 6 - 7 December 2025 outside trading hours.
- From 8 August 2025 on all savings plans will be executed in your new Scalable account – including the ones previously instructed on Baader accounts.
- Subsequently more functionality will progressively be moved to your new Scalable account (see steps in table above).
- Ultimately also trading will no longer be possible in your Baader account. Your new Scalable account can continue to be used throughout the transfer process.
The transfer of your securities (incl. fractions) will take place over the weekend from 6 - 7 December 2025 outside of trading hours. On the weekend of the transfer access to your client area will temporarily be restricted.
After the weekend of the transfer your new Scalable account will include all securities with fractions, savings plans, cash, documents, transaction and your entire performance history. Upon successful transfer your Baader account will be closed.
You will be able to trade in your new Scalable account throughout the transfer process. Progressively all functionality will be moved to your new Scalable account (see steps in table above). Ultimately also trading will no longer be possible in your Baader account.
Note that on the weekend of the transfer from 6 - 7 December 2025, access to your client area will be restricted temporarily outside of trading hours.
Yes, both your Broker and Wealth accounts will be transferred to the new Scalable during the same time window (see table above for all details).
If you no longer wish to transfer your Baader account to the new Scalable, please notify us by email at support@scalable.capital until 23 October 2025.
Information about the report
You will receive the report prepared by KPMG approximately within two weeks after the account transfer. The report includes an overview of your transferred securities and their acquisition costs, which you will need for the notification to the tax office (e.g. via FinanzOnline).
The report will be made available to you automatically – there is no need to request it manually. We will notify you separately once it is available.
Please note that Scalable Capital does not provide tax advice.
You should take action within one month after the account transfer and report it to your local tax office (e.g. via FinanzOnline).
The transfer will take place over the weekend from 6–7 December 2025 and must therefore be reported by 7 January 2026.
To support you with this notification, we will provide you with a report prepared by KPMG approximately within two weeks after the transfer. This report includes an overview of your transferred securities and their acquisition costs, which you will need for the tax notification.
The report will be made available to you automatically – there is no need to request it manually. We will notify you separately once it is available.
Please note that Scalable Capital does not provide tax advice.
No, the report will be made available to you automatically approximately within two weeks after the account transfer. You do not need to request it manually.
Under Austrian tax law, a transfer of securities to a foreign custodian may be considered a deemed sale. In such a case, capital gains tax of 27.5% may apply to unrealised gains if the transfer is not reported to the relevant tax office within one month.
The notification can be made, for example, via FinanzOnline, or alternatively on paper using the form “E 27-6”.
To support you with this notification, we will provide you with a report prepared by KPMG approximately within two weeks after the transfer. This report includes an overview of your transferred securities and their acquisition costs, which you will need for the tax notification.
The KPMG report will be made available to you automatically via your Mailbox – there is no need to request it manually. We will notify you separately once the report is available.
Further information, particularly regarding the technical process via FinanzOnline, can be found in the “Account Transfer Manual” of the Austrian Federal Ministry of Finance (BMF), which is available on the BMF website.
This information is provided for guidance purposes only. Scalable Capital does not provide tax advice.
If you plan to submit the notification electronically, please make sure you have your FinanzOnline login credentials ready.
To report a foreign securities transfer via FinanzOnline, you must be activated for the income tax return. If you have previously reported foreign capital gains, you are already familiar with this process.
If you currently only use the employee tax assessment (Arbeitnehmerveranlagung), you must first request a change of declaration (Erklärungswechsel) so that the form for the account transfer can be submitted. This can be done before the transfer takes place.
No prior notification to Scalable Capital is necessary – you will receive the report automatically. We will notify you separately once it is available.
Please note that Scalable Capital does not provide tax advice.
If you only hold cash deposits and no securities in your account, you will not receive a report from KPMG and do not need to submit a notification to the tax office. The reporting obligation applies only to securities transfers and does not apply to cash deposits.
The report prepared by KPMG will be provided to you by Scalable Capital free of charge to support you.
Please note, however: if the account transfer is not reported to the tax office on time, it may be treated as a deemed sale under Austrian tax law, which could result in capital gains tax of 27.5% on unrealised gains.
Please note that Scalable Capital does not provide tax advice.
If you have multiple portfolios (e.g., a Broker and a Wealth portfolio, or several Wealth portfolios), you will receive a consolidated report summarising all securities transferred from your portfolios. However, the portfolio in which each security is held will be clearly identified in the report.
Please contact your tax advisor or the relevant tax office immediately to clarify the next steps.