Sell Your Shares Today
No stock broker required. Same day sale at the best rates with no hidden fees. Cash deposited directly into your bank account.
100% Online & completed in four simple steps.
When buying shares it is important to consider the way in which you will own them. Shares are most commonly held in an individual’s name, or if there are multiple shareholders, as a joint shareholding. However, shares can also be owned in a company name or trust. If you hold shares under a company name, we can help you sell them quickly and easily. We’ll even do all the company checks and extra administration work so you don’t have to!
To sell shares held in a company name, you will need to:
1. Complete the online share sale form
2. Have each company director complete the online ID check
The online share sale form takes around five minutes to complete and simply collects basic information about yourself and the shareholding. The key thing you’ll need here is your Securityholder Reference Number (SRN) which should begin with the letter “I”. Other things we’ll ask you in this form include how many shares you wish to sell, where you would like us to transfer your money and which service level you would like to receive (Value or Express). We will also ask you for the contact details for at least two company directors so we can facilitate their identification verification process and ensure the share sale is adequately authorised.
The online ID check is automatically sent to the email address of each company director after the share sale form is completed. Here, each director is guided through a short online form where they are required to:
1. Accept the terms and conditions
2. Call our automated phone line to leave a quick voice message
3. Provide 100 points of ID through FrankieOne’s electronic verification platform
As the leading one off share specialist in Australia, you won’t find a mob who can sell your shares faster! For Express share sales, we will sell your shares on the same day you complete the online share sale form (provided you complete the online ID check before 3pm AEST). For the Value service, we will usually have your shares sold for you within 1-2 business days.
Funds from your share sale are transferred to your bank account 3 business days after the shares are sold. For example, if you sold your shares on Monday, you would receive your money on Thursday.
For company share sales our standard brokerage fees apply, plus a surcharge of (the greater of) $50 or 0.5%. This surcharge is applied to cover the additional complexity that accompanies selling shares held in a company name. After accounting for the premium that is applied to company share sales, we are still extremely price competitive.