Things can change quickly in the investing world. And for many, if there’s an opportunity you want to take advantage of, by the time you wait for your account to be funded, it can be too late.
However, Questrade in Canada is here to help in this regard.
Questrade now offers instant deposit
If you have a Visa Debit card, you can now get up to $3,500 deposited instantly into a Questrade account.
This is the maximum amount allowed, your actual limit may be less depending on what your daily transfer limit is.
If you have a Debit Mastercard, or Interac card, you won’t have access to this feature yet. But expect this to be available for these cards later this summer.
How to use Questrade instant deposit
How can you use this feature? All you have to do is login to your account, head to the funding section, and click on Instant Deposit. Follow the instructions to get your funds deposited.
Here’s a screenshot of what it looks like.
All about Questrade Canada
New to Questrade? It’s one of the best online brokerages in Canada.
Why? It’s all in the fees.
First, ETFs are free to buy, so if this is your investment option of choice you’ll be saving a lot of money purchasing them. There is a cost of 1 cent per share to sell, with a minimum fee of $4.95, and a maximum fee of $9.95.
Of course, there’s a full list of other investments you can get, which include:
- stocks,
- options,
- mutual funds,
- bonds, and
- precious metals.
How much you pay for each trade varies on the type of investment. As an example, for stocks, you’ll pay 1 cent per share to buy them, with a minimum fee of $4.95, and a max fee of $9.95.
To invest in precious metals on the other hand, you’ll pay a flat US$19.95 per trade. You’ll have to refer to the fees section for each type of investment.
There are also research tools and no account fees to worry about. Plus you can choose from non-registered and various registered accounts.
You can learn more about what this online brokerage has to offer here:
Questrade is one of Canada's top online investment platforms. With very low fees, including no-fee ETF trading, commission-free stock trades, and plenty of investment types, Questrade just about covers it all.
- Total transparency with fees
- Surprisingly low fees
- Lots of investment account and product choices
- Plenty of convenient methods for support
- Limited amount of time to report fraud for full reimbursement
$25 GeniusCash + $50 bonus for funding a new account, and $0 commissions on stocks & ETFs- Excellent array of investing and trading tools
- Trade ETFs for $0
- Commission-free stock trades
- TFSA
- RRSP
- Spousal RRSP
- LIRA
- Locked-In RRSP
- RIF
- LIF
- RESP
- Family RESP
- Corporate
- Investment Club
- Partnership
- Sole Propietorship
- Individual Informal Trust
- Joint Informal Trust
- Formal Trust
- Individual Margin
- Joint Margin
- Individual Forex & CFDs
- Joint Forex & CFDs
- FHSA
- Stocks
- ETFs
- Options
- FX
- IPOs
- CFDs
- Mutual Funds
- Bonds
- GICs
- International Equities
- Precious Metals
$25 GeniusCash + $50 bonus for funding a new account, and $0 commissions on stocks & ETFsQuestrade reviews
One thing that gives people pause signing up are poor reviews, especially when it comes to customer service.
Questrade was having some issues in this area, especially during the pandemic. However, things seemed to have turned around in this regard, as noted in this reddit thread.
If you have any experience with Questrade, let others know what you thought of them. Click here to leave a review.
Your turn
It’s a terrific new feature being offered, and takes a little frustration out of funding a brokerage account.
What are your thoughts on this, or Questrade in general?
Leave us a comment below.
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