Are you funding your account for the first time?

Part of the account activation process includes bank verification. Select one of the options below and provide payment (from a personal Canadian bank account) to Questrade for any account holder, beneficial owner, or authorized trader linked to your new Questrade account:
  • An online bill payment with one of these supporting documents: a void cheque, a bank statement, or an attested bank letter. Note: the supporting document must be from the same account as the bill payment.
OR
  • A certified personal cheque.
The amount of your payment depends on the type of account you open. For more information please refer to the minimum initial funding information on this page.




Online Manage in
myQuestrade
Fastest Free CAD USD Recurring/
auto pre-set
International
1 Online banking      
2 Pre-authorized deposit    
3 Transfer from another broker        
4 Wire transfer        
5 Certified cheque/ bank draft          
6 Non-certified cheque            
7 Stock certificate            





Automatic, flexible and free, set up regular or one-time contributions with a pre-authorized deposit. In myQuestrade, go to the My Funds tab and scroll down to Pre-authorized deposit. Set up, manage, monitor transactions, suspend and cancel pre-authorized deposits for every one of your Questrade accounts directly from the client portal. Pre-authorized deposits can be used for Canadian and U.S. funds.


We´ve made it easy to move to Questrade. After you've opened an account, you'll be prompted to fill out a one-page transfer form. Then we'll take care of the rest. If you transfer your complete account in-kind to Questrade, any credit or debit in cash/positions will automatically be forwarded to your new account.

Please stop trading with your current broker once you submit your account transfer to Questrade. Trading in the account after Questrade initiates the account transfer will cause your current broker to reject the transfer.

For complete instructions on transferring securities from Canadian, the U.S., and international financial institutions, please login to myQuestrade and click on the My Funds tab.


Set up a wire transfer with your financial institution by informing them to communicate directly with Questrade's bank, the Royal Bank of Canada. The transfer must be by wire; Questrade does not accept a direct deposit to its account.

For complete instructions on wiring funds from Canadian and international institutions, including the U.S., login to myQuestrade and click on the My Funds tab.


Certified cheque: Provide us with a personal certified cheque drawn on a bank account with the same name as your Questrade account and made payable to Questrade Inc.

Bank draft: A bank draft issued by any authorized financial institution. The draft must include the complete name, telephone number, address of the issuer and the payee's name.

To ensure timely deposit of funds, please include the Questrade account number on the certified cheque or bank draft.


Canadian and U.S. dollar non-certified cheques will be held for a period of 20 business days until funds have cleared. The funds will remain unavailable for trading or withdrawal until our bank acknowledges receipt of payment.


Questrade charges an administrative fee to deposit each unique stock certificate. We recommend sending the certificate by secure mail or courier.

We do not accept OTC (over-the-counter) or OTC BB (over-the-counter bulletin board) stock certificates for deposit unless your certificates are specifically pre-approved. Contact a client services specialist to find out how to obtain pre-approval.






Questrade cannot accept the following deposits:
  • Cash
  • Money orders
  • Third party cheques or wires (drawn on a bank account in a name dissimilar to the Questrade account title)
  • Cheques with incomplete information
  • Credit card cheques or other cheques drawn on credit lines
  • Credit cards
  • Direct deposits by cheque or cash into Questrade's bank accounts
  • Cheques drawn on foreign banks, even if in U.S. currency.


Questrade will assess a $30.00 fee for each returned cheque.

Cheques returned NSF will result in an account being restricted for a 90-day period. Multiple instances of returned cheques will result in a permanent restriction of this type of payment. This restriction limits new deposits to: bank wire transfers or certified cheques issued by a bank. If the funds represented by the NSF cheque were intended to meet a margin call or to purchase securities, the account may be subject to immediate liquidation as determined by Questrade.


Stocks & Options Accounts:

  • $1,000 to purchase stocks and options
  • $5,000 to trade option spreads and straddles.
  • $25,000 to write/sell uncovered options.
To keep your account in good standing, $250 equity or account value is required.

Forex Accounts:

  • USD $1,000 for a forex account.
CAD deposits to forex accounts are accepted and will be automatically converted to USD upon receipt.