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How do I transfer my account from another financial institution to National Bank Direct Brokerage? 

If you already have an investment account with another financial institution (e.g., Solium, Computershare, ATS, etc.), you can transfer it to NBDB and manage your assets yourself.

To request a transfer of your shares held with a transfer agent (e.g., Solium, Computershare, ATS, etc.) to NBDB, you must apply online (on their platform) or call them directly.

You’ll need the following information:

  • The clearing code for Canadian shares: NBCS
  • DTC Number for U.S. shares: 5008 (not required for NBC shares)
  • Clearing type: CUID
  • Brokerage firm: NBDB
  • Account number: all 7 characters are required
  • Our address
    800, Saint-Jacques Street
    Business centre, 3ʳᵈ floor
    Montreal, QC, H3C 1A3

Make sure the account types are the same at your other institution and NBDB: RRSP to RRSP, TFSA to TFSA, non-registered to non-registered.

For example, a transfer request from a non-registered account to a TFSA will be rejected. You will have to submit a new request, which will incur additional fees, including those charged by the transfer agent.

Please note that the transfer agent charges fees that will be deducted directly from the account through the sale of shares. If you transfer shares valued at $20,000 or more and make a purchase of shares, options or ETFs within six months of the transfer, you may be eligible for a refund of the transfer fee upon presentation of proof.

It is also important to note the average cost of your securities, as this information will not be transmitted to us. You can adjust the book value once the securities have been transferred.

You have several options for transferring your assets from another financial institution or direct broker:

For the options below, fill out the appropriate transfer form, either T2033 or 30052, and send it to our team, along with a copy of your most recent portfolio statement:

Transfer times may vary depending on the investments transferred and the transferring financial institution.

For more information, please consult the Transfer to NBDB page.