If your vested RSUs or stocks are held with Merrill Lynch (Bank of America), you can transfer them directly to your Paasa account without selling them first.
Once the shares arrive in your Paasa app, you can hold them, sell them, or use the proceeds to invest across global stocks, ETFs, or UCITS ETFs, and withdraw to any bank account in your name.
Table of contents
- Step 1: Call Merrill Lynch to initiate the transfer
- Step 2: Share these details with Merrill Lynch
- What to send us next
Step 1: Call Merrill Lynch to initiate the transfer
Call Merrill Lynch at 1-609-818-8817. Once connected, confirm your identity and your account with them, then let them know you'd like to transfer your vested RSU shares to another brokerage account.
Step 2: Share these details with Merrill Lynch
Give the representative on the call the following details for the receiving broker account:
- Broker Name: Interactive Brokers LLC
- Account Number: Your IBKR account number, found in the Paasa app
- DTC Code: 0534
- Broker Email ID: fop-transfer-in@interactivebrokers.com
Merrill Lynch will process the transfer from their end once they have these details.
What to send us next
Once you've initiated the transfer, send the following to support@paasa.co:
- Your account statements
- Vesting dates and details for each holding
This backfills your portfolio graph and XIRR, and lets us accurately calculate your LTCG and STCG.
Need Assistance?
If you'd like our team to walk you through the process or have any questions around tax or compliance, reach out at support@paasa.com.
About Paasa
Paasa is a global investing platform built specifically for Indian residents and returning NRIs. We provide direct access to over 10 global exchanges, including the United States, United Kingdom, Switzerland, Hong Kong, Germany, France, Canada, Netherlands, Japan, and Singapore, and support 9 global currencies.
Seamless "In-Kind" Transfers (ACATS): You can move your entire US stock portfolio (from brokers like Robinhood, Schwab, Fidelity, E*TRADE, and more) directly to Paasa. This allows you to consolidate your assets in one place without triggering a tax event.
The Compliance Advantage: Paasa provides the exact reports you need for your Indian tax returns and foreign asset disclosures, eliminating the need for manual calculations.
Estate Tax Protection: Paasa offers access to Ireland-domiciled (UCITS) ETFs, allowing you to legally shield your long-term investments from the 40% US Estate Tax that applies to non-residents.
