Funding your account by stock and account transfers

How can I transfer shares from another broker or ISA manager into my Lloyds TSB Share Dealing account?

You can transfer an account you hold with another broker or ISA manager to Lloyds TSB Share Dealing by completing and returning the relevant account transfer form. You can download the account transfer forms from our website, or call Customer Services on 0845 60 60 560. Once we receive your signed form with full details of the amount and description of investments that are held, we'll contact the other broker and move the stock and/or cash from their account to ours.

How long will a transfer of shares from another broker or ISA manager take?

This process usually takes somewhere between 14 and 30 working days.

If you are transferring stock, you won't be able to deal with us in these holdings until they've been deposited with Lloyds TSB Share Dealing. Depending on their own policy, you may be able to trade the stock in your account with your previous broker until they are withdrawn (though you should bear in mind that doing so may complicate the transfer once it's been started.)

How can I transfer share certificates into my Lloyds TSB Share Dealing account?

To transfer shares in certificated form to your Lloyds TSB Share Dealing Nominee account, you'll need to sign a CREST transfer form for each company you're transferring. This is to allow re-registration of the stock into our stock nominee account. Simply forward the transfer form to us, together with the accompanying certificate and we'll arrange the transfer ('dematerialisation'). The address is: Lloyds TSB Share Dealing, PO Box 4605, Aspect House, Spencer Road, Worthing, BN99 6QY.

You can also transfer shares from a savings-related share option scheme, or share incentive plan into your Lloyds TSB Share Dealing ISA. See our FAQ on these schemes for more information.

Lloyds TSB Share Dealing also has a certificated dealing service; see 'Product Range' or the FAQs on the Certificated section of the website for more information. With this service you can buy and sell shares in certificated form without transferring them into a Nominee account beforehand

Is there any charge for the transfer in of shares to Lloyds TSB Share Dealing?

No, we don't charge for the transfer in of shares.

How long will the transfer of share certificates into my Nominee account take?

The process usually takes between three and ten working days. You won't be able to deal in the shares during this time and the details of the holding won't appear in your portfolio on the website.

How do you hold my shares?

Shares that you buy or deposit with Lloyds TSB Share Dealing before a sale will be held in the Lloyds TSB Share Dealing nominee account. We collect dividends for you and look after your rights as a shareholder.

Can I transfer shares in joint names into a sole Nominee account?

Yes. Both parties must sign the CREST transfer form. The person who is giving up his or her rights to the shares must also write a letter to accompany the transfer form, and make a signed declaration. Here's an example of a form of wording to use: "I, John Smith, give up my entitlement to 500 shares in ABC plc, which I transfer exclusively to Amanda Smith". Please also specify the account number of the Dealing account in which the shares should be deposited. Please check with your financial adviser if you have any concerns about tax implications.

Can I transfer shares held in my sole name into a joint nominee account?

Yes. You must sign the CREST transfer form and also write a letter to accompany the transfer form, and make a signed declaration. The letter should state that you would like to transfer your own shares into the named joint Nominee dealing account. You should also specify the account number you wish to transfer the shares to. Please check with your financial adviser if you have any concerns about tax implications.

Can I have my certificates back?

Yes. Your shares can be re-registered into a certificate in your name. There is a charge for this. Please see our Rates and Charges.

Why use the nominee system?

The nominee system allows for a fast and efficient electronic share dealing process. This enables us to offer the Lloyds TSB Share Dealing service at competitive rates and a quick settlement period. It also removes much of the paperwork associated with share dealing, leaving you to concentrate on making investment decisions.

Where can I find a list of my holdings and their value?

You'll find your portfolio holdings and values in the My Accounts section of the secure website. When you log on to your account, select 'portfolio' and then your Nominee account or ISA from the account menu. You can also find out your portfolio holdings and values by phoning Customer Services on 0845 60 60 560.