1. An account root refers to all the accounts held by a client whose first six digits are identical.
2. To be eligible, trades must be made through our electronic solutions.
Distinctive Direct Brokerage Services
Take the next step in your journey as an independent investor with our Advantage and Private Direct Brokerage offers
Call one of our dedicated account managers for more information at 1-866-221-9358
Discover our tailored offers
Advantage Direct Brokerage
Eligibility criteria:
-
Have $500,000 or more in assets under the same account root1 at National Bank Direct Brokerage
You’ll get:
-
Access to a team of experienced representatives via a priority phone line
-
Options for preferred interest rates
-
Personalized reports at no cost
-
To share these benefits with a family member who lives at the same address
-
And more
Private Direct Brokerage
Eligibility criteria:
-
By invitation only (high business volume)
You’ll get:
-
A dedicated account manager and access to a direct phone line
-
The ability to communicate with your account manager by email
-
Options for preferred interest rates
-
To share these benefits with a family member (regardless of the address)
-
And more
All your benefits and preferred rates in detail
Advantage Direct Brokerage
Services
Access to a team of experienced representatives via a priority phone line
x
A dedicated account manager and access to a direct phone line
x
The ability to communicate with your account manager by email
Pricing
10%
Discount on commission applicable to stocks and options transactions made through a representative
Preferred interest rate on Canadian credit balances
Preferred interest rate on Canadian and U.S. receivable balances
No annual administration fee
Reimbursement on account transfer fees from another institution ($150 + tax)
No charge for lump sum RRSP, RRIF and LIF withdrawals
x
Gift of securities - free transfers between family members
Reports and communication
x
Direct communication with your designated third parties (e.g. your accountant)
Personalized reports at no cost
- Gains and losses
- Interest income
- Foreign securities
Other services
x
Follow-ups on renewal deadlines
Access to a wide range of GIC issuers
x
Exclusive seminars
Private Direct Brokerage
Services
x
Access to a team of experienced representatives via a priority phone line
A dedicated account manager and access to a direct phone line
The ability to communicate with your account manager by email
Pricing
20%
Discount on commission applicable to stocks and options transactions made through a representative
Preferred interest rate on Canadian credit balances
Preferred interest rate on Canadian and U.S. receivable balances
No annual administration fee
Reimbursement on account transfer fees from another institution ($150 + tax)
No charge for lump sum RRSP, RRIF and LIF withdrawals
Gift of securities - free transfers between family members
Reports and communication
Direct communication with your designated third parties (e.g. your accountant)
Personalized reports at no cost
- Gains and losses
- Interest income
- Foreign securities
Other services
Follow-ups on renewal deadlines
Access to a wide range of GIC issuers
Exclusive seminars
Why pay when it’s free? 2
- $0 Stock commissions
- $0 Commissions on Canadian and U.S. Exchange-Traded Funds (ETFs)
- $0 + $1.25/contract (minimum of $6.25) Commission on options
- $0 Commissions on mutual funds
- $0 Commissions on Exchange-Traded Debentures
- $0 Annual administration fee
For all other fees, the Commission and General
Fee Schedule applies.
What are our preferred borrowing rates?
Our personalized direct brokerage services give you access to our preferred borrowing rates.
| Debit amounts |
Advantage | Private | |
|---|---|---|---|
| CAD | $0 - $9 999 CAD |
8.50% |
8.50% |
| $10 000 – $99 999 CAD |
8.35% | 8.25% | |
| $100 000 CAD or more | 7.60% | 7.35% | |
| USD | $0 - $9 999 USD |
9.75% |
9.75% |
| $10 000 – $99 999 USD |
9.60% |
9.50% |
|
| $100 000 USD or more | 9.25% | 9.00% |
What are our interest rate for cash balances?
Here are our current rates if your account has a credit balance (not invested).
| For all account types |
Advantage | Private |
|---|---|---|
| CAD | 0.10% |
1.25% |
| USD | 0.00% |
0.00% |
An interest rate consistent with that indicated below will be applied to the debit balances of all accounts that have not obtained any authorization to borrow on the value of the investments held therein:
- All balances in CAD: 21%
- All balances in USD: 21%
The interest rate paid on a credit balance or charged for a debit balance may change without notice.
The interest paid or billed is calculated on the daily balance of the credit or debit balance in your account, from the 16th day of the previous month to the 15th day of the current month, including that day.
For cash and registered accounts, the interest will only be credited or debited if the amount reaches $5.00. For margin accounts, however, it will be credited or debited starting at $0.01.