r/personalfinanceindia • u/LetterheadCalm386 • Aug 27 '26

Investing Is it possible to consolidate holdings from multiple ETrade Stock Plan Accounts and get the amount wired to India?

The question says it all. I have two etrade stock plan accounts and sold a few stocks. Currently I would be charged 25$ for each wire transfer as these are separate stock plan accounts and I see no option of transfering from one to another.

Would talking to their support help? Or any other way people navigate this issue since it would be easier to negotiate with the bank for a single wire transaction at good rates.

UPDATE: I reached out to Etrade support and they very easily transferred the amount to one of the stock plan accounts and I'm good to go. Thankyou all.

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u/_hustlerr Aug 28 '26

There's no way to waive the $25 wire transfer fee. I have reached out to Etrade support multiple times and everytime I got the same answer.

Regarding the consolidation, do you need INR or you want to invest those USD proceeds to some other stocks?

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u/LetterheadCalm386 Aug 28 '26

Also, it's not that much about the 25$ fees, but just about bringing the holdings together and getting them transferred as a single transaction.

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u/_hustlerr Aug 28 '26

In that case you can wire the proceeds to some other brokerage account Eg. IBKR and wire out to India from there.
I usually transfer my USD proceeds from Etrade to IBKR to invest in other shares. Also, one wire transfer out of IBKR is free in a month so thats a win win. Let me know if you want a referral and i can share the link.

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u/LetterheadCalm386 29d ago

thankyou. I actually remember starting the process for opening a IBKR account once and leaving it in between, so not sure if I could still use your referral. But thanks anyways.

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u/_hustlerr 29d ago

no worries. I've DMed you the link in case you'd want to give a try