Transferring shares from Goodbody custody account to DeGiro

I have some small shareholdings in a Goodbody custody account.

AIB - worth very little, maybe 50-100 euro
PTSB - same, worth maybe 25-50 euro

Two other shares with more substantial values, maybe 5k euro in total.

The annual fee increased from 26 euro to 60+VAT = 73 approx.

I wish to switch to DeGiro for lower annual fees, and to maybe buy more shares.

Question: how might any transfer work?

Would Goodbody have to materialise my shares back into paper certs, and then I would transfer them into DeGiro?

Or might Goodbody transfer direct to DeGiro?

I welcome any advice.

They should be able to do it electronically, check the fees involved as it is often very expensive.

Here are the Goodbody fees:

25 per trade commission

• €60 per annum Account Maintenance Charge. This charge is subject to VAT.
• €13 Stock Transfer Out Charge, per line of stock, with a minimum charge of €40.

Here are the DeGiro fees

https://www.degiro.ie/data/pdf/ie/IE_Feeschedule_CUSTODY.pdf

Transfer portfolio to DeGiro = 10 euro per position

Please let us know if this is successful - I want to do exactly the same with shares held by Cantor Fitzgerald.

My shareholdings are trivial.

AIB was 631 shares, but now just 3 shares after a capital re-organisation. Current price is 5.10e, so value = 15 euro approx.

If I transfer, it costs 13+10 = 23e.

If I sell, it costs 25e.

I may as well sell AIB before I close the Goodbody account...............??? Doesn't that make sense, or am I missing something?

The State owns 99%+ of AIB, so I may as well sell??


PTSB = 12 shares, again there must have been a capital restructuring?? Current price 2.43e.

IF you sell AIB you can crysrtallize your losses which maybe substantial to offset against future gains in other assets, so I think I would sell AIB you can always buy them back with deGiro. You can also carry losses forward into future years to offset against gains you may have in other assets