The transfer was successful. Your acquisition data report will be available around 2 weeks after the transfer.
Account transfer
successful
The transfer of the Baader accounts (Scalable Broker and Wealth) to the new Scalable account has been successfully completed.
The transfer has been successfully completed
We have transferred for you:
 |
Securities with fractions |
|
Savings plans |
|
Cash |
|
Documents, transaction and performance history |
Your Baader accounts including clearing accounts have been closed permanently. Any other business relationships with Baader Bank are not affected. Due to legal requirements, Baader Bank is obligated to store your contract data for a specific period even after the account closure.
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.
Frequently asked questions
Your new Scalable account now includes all securities with fractions, savings plans, cash, documents, transactions and your entire performance history. Your Baader account has been closed.
You have received separate information from us if individual securities have (not yet) been transferred. This can be due to, among other things, ongoing corporate actions, dividends, knock-outs, or maturities. Upon completion, the respective securities and cash (e.g., dividend payments) will be automatically transferred to your new Scalable account.
Your new Scalable Account is not affected. The cancellation refers to your previous Baader Bank custody account. This account was closed as part of the successful transition to the new Scalable (see What happened to my Baader Account?. Your business relationship continues on the basis of the Scalable General Terms and Conditions.
Orders that were not yet executed in the Baader account before the transfer have expired. You can place them again in your Scalable account with just a few clicks. To do this, go to Transactions and select the corresponding orders you wish to place again.
You can find your Scalable IBAN in the product details. Please use only this IBAN for deposits from now on, and adjust your standing orders if necessary. You have received a separate Scalable IBAN for each Wealth account; the Broker IBAN remains the existing one.
If the deposit for your savings plans is made by direct debit, the switch to the new IBAN is automatic. You do not have to do anything.
Yes, both your Broker and Wealth accounts have been transferred to the new Scalable in the same time frame (see table for details).
You can reach us through our customer service (keywords: “The new Scalable: Transfer”).
Documents such as transfer-out confirmations or information on securities events in the Baader account will be provided in your Scalable Mailbox.
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.
Process of the account transfer
Uncertain whether this applies to you? Navigate to Home, then tap Home again: 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.
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 security transfers will not be processed anymore.
- Pending transfers will still be completed.
From 22 November 2025
- Newly instructed outgoing security transfers to third-party banks (excluding Scalable) will not be processed anymore.
- 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 2 December 2025
Broker (Baader Bank)
- From 2 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 are already being 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 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 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.
In around 2 weeks
- The report includes an overview of your transferred securities and their acquisition costs, which you will need for the notification to the tax office via FinanzOnline.
- Please note that Scalable Capital does not provide tax advice.
7 January 2026
- Report the transfer by 7 January 2026 via FinanzOnline.
- 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).
This information is provided for guidance purposes only. Scalable Capital does not provide tax advice.
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.