Comments on: Got My RBC 1% Rebate – Switch Back To Questrade?

By: Lynn Suderman

Lynn Suderman — Wed, 29 Jul 2009 16:31:41 +0000

Hi Hilary – can you please follow up with me directly regarding the transfer rebate? I’d like to investigate the delay.

Thanks,
Lynn Suderman
Communications Manager, Questrade
lsuderman@questrade.com

By: Pacific

Pacific — Mon, 20 Jul 2009 23:22:54 +0000

Perhaps we have to wait until the Fall, these incentives may be seasonally offered.

By: Hilary

Hilary — Fri, 17 Jul 2009 22:32:39 +0000

Don’t count on Questrade covering your transfer costs. I transfered all my accounts there in January and am still waiting for the fee rebate. Every couple of weeks I contact Questrade about the rebate and each time they give me another lame excuse.

Other than that, the company is not bad and my orders have been executed correctly. Good luck with your decision.

By: Mike

Mike — Fri, 17 Jul 2009 12:44:02 +0000

BB – the book is on the way!

Henry – I’ll be going back to Questrade, I love their $5 trades.

Craig – you need to buy a real computer.

Rob – I would love another 1% deal. Given that RBC has done this rebate before a few years ago and nobody else has, your best bet might be to switch out to anyone else and hope that RBC does the deal again at some point.

By: Rob

Rob — Fri, 17 Jul 2009 12:11:41 +0000

I also switched to RBC and got the 1%. Now I’m looking for a deal to make it worth switching again. Scotia Bank is offering to rebate trading fees up to $500 in the first 3 months. I don’t make a lot of trades, so I haven’t decided if I’ll go that route yet. I’d like another 1% deal.

By: Craig

Craig — Fri, 17 Jul 2009 11:49:50 +0000

When Questrade offers a platform that can be used on a MAC, I’ll switch over. Calls to their customer support team suggest this will not happen anytime soon.

By: This and That: Stock Market History, Emerging Markets, International Diversification and more… | Canadian Capitalist

Fri, 17 Jul 2009 03:29:40 +0000

[...] that the 1% RBC Direct Investing bonus has been credited, Four Pillars wonders if he should switch to Questrade. Personally, I’m hoping another brokerage would offer 1% to move my accounts to [...]

By: SpendingProfile.com

SpendingProfile.com — Thu, 16 Jul 2009 01:03:05 +0000

I would also switch back out of RBC if I were you. Bad experiences and fees at every turn have sent me running from this bank. They didn’t even notify us that for 8 years we owned 3 of their products, which meant we qualified to have our monthly account fee waived. When we pointed this out to them, they refused to retro-actively apply the savings. Just leaves a bad taste in your mouth and no desire to do further business with them. So we switched out and are now happily using President’s Choice Financial as well as Scotiabank.

By: Henry

Henry — Wed, 15 Jul 2009 19:32:58 +0000

Mike – I think two good choices for you is BMO Investorline or Scotia iTrade. BMO Investorline allows two free withdraws from the brokerage account directly and 150 dollars of free cash with 30 days of unlimited trading. Scotia iTrade has cash optimizer account and I like the idea of not using money market funds.

Sean- Nope. I hold RBC through iShares TSX Composite Index Fund. My point was that RBC Direct Investing offers some in house funds.

By: Blogging Banks

Blogging Banks — Wed, 15 Jul 2009 18:12:17 +0000

FP,

I guess you can now write a best selling book on how to outperform the market by 1% per year

I love money saving deals like that. US brokers routinely hand out $50-$150 bonuses for switching your account to them. Others even offer you $25-$50 bonuses simply to open an account with them. Crazy stuff