Electronic Funds Transfer (or EFT for short) is an easy method to move money between your financial institution and your online brokerage account and is set up directly on your online brokerage account.
As an alternative to using EFT to fund your account, you can log in to your credit union or bank account and go to the bill payment section. Simply search for and add 'Qtrade Direct Investing' as a payee and enter your account number. Then send money by entering an amount and a date. Once the funds are "cleared" you can expect them to be credited to your account within two business days.
Funds transferred via bill payment are fully available once received by Qtrade. EFTs are subject to a 10-business day hold before the funds can be transferred out again or prior to you having the ability to place certain trades.
Third- party bill payments are not accepted. All bill payments must be made from a bank account in the same name as your account. Learn more about bill payments here.