Selling shares on a regular basis requires signing up for a brokerage, dealing with fees, and more. What if you want to sell or trade your shares one time? These days you can execute a one-off trade online and get the money from those shares in no time.
Before getting started, there are a few things to know about one-off trades. Here are some of the most important takeaways.
The Process of Executing One-Off Trades
The good news is that one-off trades can be executed quickly and easily. There are just a few short steps to consider.
1.) One-Off Trade Form. The first thing that you need to do is complete the one-off form. During this part of the process, enter your Shareholder Reference Number (SRN), the shares being sold, and the bank where you would like the funds moved.
2.) ID Verification. The second part of the process involves verifying your identity. You will need a driver’s license or passport for this part. When you fill out the form, an email will be sent that requires agreeing to the terms and conditions. A phone number will be referenced as well; simply call and leave a short message to verify your ID. Finally, complete the third-party ID verification by inputting your license or passport number.
3.) Collect Your Money. The final step is handled by Sell My Shares. Your one-off trade is processed either same-day or within 1-2 business days, depending on your chosen service. From there, it will be three business days before the funds hit your account.
That’s all there is to it. No signing up for a brokerage, no dealing with ongoing fees, and no further hassle. Execute your one-off trade, get your money, and spend your time on more important things.
Final Thoughts
With the help of Sell My Shares, there is no need to go through the hassles of a brokerage account. Simply move your shares, get your funds three days after the sale date, and move on. It doesn’t have to be more complicated than that.