Welcome to our National Bank Direct Brokerage video on how to
transfer funds into your brokerage account. Incoming or outgoing money
transfers must be made from the transfer icon permanently located in
the upper right corner of the screen. Click on the icon to proceed to
the transfer funds screen.
Once here step 1 is to click on select account and choose the bank
account that you wish to transfer funds from to your brokerage
account. Please note the funds transfer needs to be in the same
currency between both accounts.
Step 2, select the brokerage account where you want the funds
deposited in for a non-registered account or make a contribution into
your TFSA, RRSP or other registered account.
Step 3, type in the amount and click on review transfer. Then a
second pop up will appear that will allow you to validate the request.
Please note, when the transfer is coming from an NBC bank account
and is requested between 8 am and 4 pm on a business day, the funds
will appear in your brokerage account almost instantly. For most other
institutions, it can take up to three business days.
If no changes are needed, click on confirm. A new window will then
pop up confirming that the request is processing. If there are any
issues regarding the transfer request, you can consult the status by
clicking the Activities heading and selecting Current Transfers from
the dropdown menu.
Otherwise, if we click on Accounts and then Summary, we can see that
the funds are in the account ready for you to invest. This concludes
our video on how to transfer funds into your NBDB brokerage account.