Stock Certificate
Stock Certificate
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How do I cash a paper stock certificate?
I have a paper stock certificate for the old First Union Corporation (now Wachovia). How do I go about getting the cash for this? It's only a few dozen shares and I want to get the cashish.
Now -- anyone know how FTU shares translate into Wachovia shares? ex. If I own 10 shares of FTU - how many of WB is that?
The person with definitive and correct information shall be effusively praised and will hold good kharma for several days.
Thx. DaddyLips
to sell it, you will need to start an account with a brokerage service, Merril Lynch, Schwab, UBS Paine Webber, etc.
choose a broker, contact by phone or by visit, open account, tell broker what you want to do, sign back of certificate and give/mail it to broker. he will sell it and deposit funds/ less commission into your account. call office and tell them to send you a check.
edit
the answer about go to a wachovia bank and tell them is good. try that first if a branch is near you. i am not sure, but i would imagine that wachovia has brokerage service available. another thing that you can do is contact shareholder relations dept at wachovia headquarters.
OK, my mind is clear now, contact Dept of Shareholder relations a Wachovia main office. they can sell it for you. you should be getting quarterly dividend check, the phone # and address is included with check.
the certificate that you have should have been mailed in and exchanged for the new wachovia shares back when the merger happened, whenever that was. the holder of the certificate would have recieved numerous requests from FTU to do so.
**i looked it up, FTU bought Wachovia in 2001, but kept and is using the wachovia name.**


US $5.00























