Toss Securities announced on the 27th that starting from the 29th, it will launch an 'online stock transfer' service that allows users to transfer domestic and foreign stocks from its mobile trading system (MTS) to their accounts at other brokerages.
Any customer holding stocks in a Toss Securities account can request the stock transfer service through the MTS. Transfers are only possible between accounts with the same name on a per-share basis. Customers can monitor the entire process from application to completion of the transfer in real-time on the MTS.
The application time and processing methods vary by asset type. For domestic stocks, real-time transfer requests can be submitted from 8 a.m. to 4 p.m. on business days. Outside of these hours (4 p.m. to 8 a.m. the next business day), reservations are accepted.
For foreign stocks, only reservations can be accepted, and requests received before 1 p.m. will be processed on the same day, while those received afterward will be processed on the next business day.
A Toss Securities official noted, "By converting the previously high-threshold alternative transfer services of other companies to an online format, customer convenience will be improved."