- If you are a new client of National Bank Direct Brokerage, the NBDB25 promotion code must be entered in the General Information section of the online brokerage account application or in section 13 of the account application form (No. 17230). If you are already a client of National Bank Direct Brokerage, you must contact us at 1-800-363-3511 or 514-866-6755 to let us know that you wish to take advantage of this offer.
- This promotion runs from January 16 to April 30, 2012.
- All commissions on share trades must be paid by the client, and will be reimbursed as specified below.
- To be reimbursed, the share trades must have been carried out in the 90 days following the account opening or the date the client indicates that he or she wants to take advantage of the offer.
- Commissions will be reimbursed on July 16, 2012, as a lump sum payment into the account(s) in which the share trades were carried out between January 16 and February 29, 2012, and on September 17, 2012 into the account(s) in which the share trades were carried out between March 1 and April 30, 2012.
- The reimbursement will be calculated on the total amount share trades, up to the first 250 transactions, carried out or initiated within the 90 day period in all of the client’s accounts with the same root. To be eligible for the reimbursement, the transfers initiated must be completed before the payment date. To be eligible for a commission reimbursement, a minimum of $100,000 in transferred funds must remain in the brokerage account until the commission reimbursement date. Any withdrawal of funds before the commission reimbursement date will be considered in the calculation and could affect your eligibility. For example, if you transfer $100,000 under this offer but withdraw $10,000 before the reimbursement date, you will not be eligible for the offer because the total amount transferred would be considered to be $90,000.
- Any account opened to take advantage of this promo must remain open for a minimum of one year from the date of the fees reimbursement. Any request for transfer of assets to another firm other than National Bank or one of its subsidiaries, or any request for account closure made before the end of the first year of opening the account will result in a charge equivalent to fees reimbursed through the promotion, as well as a charge for the current transfer fees.
- The amount remitted by NBDB could be considered as income. For more Information regarding the applicable tax treatment, it is recommended to consult an accountant or a professional tax consultant.
- National Bank Direct Brokerage will reimburse transfer fees up to $135 plus tax for transfers greater than $25,000.
- The maximum number of share trades that will be reimbursed during the promotion period is 250 trades via our electronic services (Interactive Voice Broker, transaction and mobile site). Trades carried out via our investment agents or involving mutual funds, bonds, options or any product other than shares are not eligible under this promotion.
- The transfers eligible are transfers of assets or cash from a financial institution other than National Bank of Canada or one of its subsidiaries. Transfers from National Bank Share Ownership Plan held with Computershare are excluded from this offer.
- The opening of an account is subject to certain conditions as well as the approval of National Bank Direct Brokerage.
- The commission and fee schedule conditions apply.
- This offer can be modified at any time without notice.
- This offer cannot be combined with any other offer.
- National Bank Direct Brokerage has the right to refuse payment of a promotion.
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