Fees

Pricing presentation on the web tools and commission fees

General Fees

National Bank Direct Brokerage offers one of the most competitive and innovative fee structures in the direct brokerage industry. This fee structure streamlines annual administrative fees and saves clients money.

Annual administrative fees and exemptions are based on all accounts held by a client under the same account root (i.e. all accounts where the first six characters are identical), rather than on each individual account. National Bank Direct Brokerage takes into account the total client assets to set its pricing.

   

Annual administrative fees of $100.001

Administrative fees are generally charged in June for the period covering June 1st to May 31st. This $100 fee (plus applicable taxes, see note hereunder) applies to any account root opened before December 1st.

Exemption

Administrative fees on an account root may be waived if at least one of the following exemption criteria2 is met:
  • A client holds personal assets totaling at least $20,000 as of May 31st.
  • A client executes at least five (5) equity, exchange-trade fund (ETF) or option transactions with an applied commission between June 1st and May 31st.

Operations and transfer fees

 Description
 Lump-sum withdrawal from an RRSP3, RRIF, LIF  $50.00
 Internal transfert between registered accounts  $100.00
 Non-sufficient funds cheques4  $45.00
 Excess contribution reimbursement
 $100.00
 Bank wire transfer  $75.00
 Total or partial transfer to another institution  $150.00/account

Specialized services fees

 Description
 Administration of restricted securities/transaction  $250.00 (+ comm.)
 Custodial services for a client  $30.00 / security / month
 Donation or subsitution of securities  $50.00/position
 (max. $150.00)
 Registration/Delivery of certificate
 $50.00
 Registration/Delivery of certificate (rush)  $200.00
 Estate settlement  $250.00

Miscellaneous

 Description  Fees
 Document reproduction5  $10.00
 Duplicates for a third party  $50.00/year
 Inquiry or confirmation request  $50.00
 Gains and losses report (upon request)6
 $50.00
 Covering a debit balance in a RRIF/LIF account caused by a pre-authorized payment7  $25.00
 Paper portfolio statement8  $2.00/statement
 Unclaimed accounts
 Accounts for which the address has been unknown for at least 12 months and accounts
 referred to the Public Curator of Quebec or a similar organization in another Canadian province
 $80.00

Legal notes:

GST and provincial taxes are billed where applicable. The commission and fee schedule may be modified at any time. General fees are payable in the currency of the account. Any unusual administrative operation or transaction not specified in the present general fees and commissions schedule may generate additional fees. Other fees may apply, including but not limited to, all re-registration fees incurred by the transfer agent, the legal representative or the issuing company.

1 When multiple accounts are held under the same account root, the annual administrative fees of $100 will be divided according to the number of active accounts. The fees will be charged in each active account on a pro rated basis. The term "active" refers to any account with a position equity or within which a security is held. For example, clients with two active accounts will pay $50 in each account. Customers holding three active accounts will pay $33.33 for each account and so on.

2 Criteria for fee exemption must be satisfied on May 31 of each year to avoir annual administrative fees.

3 Including: Lifelong Learning Plan (LLP) and/or Home Buyers' Plan (HBP).

4 Including: an electronic transfer or cheque with insufficient funds, a refused automatic withdrawal or a stop payment.

5 Including: account statements, execution orders, tax statements and RRSP contribution receipts.

6 This report is prepared upon request, to facilitate the management of your portfolio. However, your trade confirmation and trading summary are the only official documents issued by National Bank Direct Brokerage. National Bank Direct Brokerage does not guarantee the completeness and accuracy of the data contained in this gains and losses report.

7 These fees apply if National Bank Direct Brokerage must sell securities in your account to cover a pre-authorized RRIF/LIF payment.

8 These fees are charged in March, June, September and December for each paper portfolio statement sent by mail during the preceding quarter.

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