Learn how to fund your Qtrade Direct Investing account by Account Transfer (from another financial institution)
To request an account transfer using Qtrade - Web, you can follow these steps:
1. Login to your Qtrade Direct Investing account
2. In the top navigation bar, select Transfer Funds under the Accounts menu
3. Select Transfer account to Qtrade
4. Then enter your account transfer details on the Transfer Account page
- First, select the Qtrade Direct Investing account you want to transfer to
- Next, enter the name of the financial institution you wan to transfer from
- Then, enter your account number and transfer type:
All-in-cash means all the assets in your account will be sold and the cash proceeds will be transferred.
All-in-kind means your existing investments and any cash will be moved over as is – nothing will be sold.
Mixed means all of your assets will be transferred, but mixed in cash and in kind according to your instructions.
Partial means a portion of the assets in your account will be transferred (that portion can be in kind, in cash or a mix of both.
5. Upload a copy of your most recent account statement from the transferring financial institution (optional)
6. Authorize Qtrade Direct Investing to transfer your account and select Send Request
Note: If you transfer $15,000 or more, Qtrade Direct Investing will pay your transfer-out fees up to $150.
Each transfer must have a minimum value of $15,000 or the account must reach a minimum value of $15,000 within 30 days of the completion of the transfer.
For reimbursement, email or fax a copy of your statement from the transferring institution that shows the transfer charge to DirectInvesting@qtrade.ca – please indicate your Qtrade Direct Investing account number.
Payment of transfer-out fees will be applied as a credit to each eligible account within 60 days of the account transfer.