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Has anyone tried to open a Scotia iTrade account recently? Taking forever..

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  • May 1st, 2020 10:06 am
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Apr 30th, 2020 8:01 pm
Strategy [OP]
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Jan 11, 2009
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Apr 30th, 2020 8:01 pm

Has anyone tried to open a Scotia iTrade account recently? Taking forever..

I tried to submit an application for Scotia iTrade so I could begin trading, and had to submit some paperwork to a Scotiabank branch so they could mail it to iTrade. It's been a few weeks now and still no account.

Has anyone else tried to open an iTrade account recently? How long did it take?

I currently only use a Wealthsimple Trade account (it opened fast), but I'm less trustful of it with large sums of money.
4 replies
Apr 30th, 2020 8:25 pm
bh17
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May 14, 2006
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Apr 30th, 2020 8:25 pm

They're running behind with new account approvals. In my case, it took about 3 weeks from the time they received my application.
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Apr 30th, 2020 10:12 pm
Strategy [OP]
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Jan 11, 2009
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Apr 30th, 2020 10:12 pm

bh17 wrote: ↑ They're running behind with new account approvals. In my case, it took about 3 weeks from the time they received my application.
Thanks for the response. Did you have to submit any paperwork to the branch? Is that when your 3 weeks started?
Apr 30th, 2020 11:53 pm
bh17
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May 14, 2006
130 posts
47 upvotes

Apr 30th, 2020 11:53 pm

Strategy wrote: ↑ Thanks for the response. Did you have to submit any paperwork to the branch? Is that when your 3 weeks started?
No, I submitted everything online and had the account created the same day, but needed to wait the three weeks for approval to start trading; I was already a Scotia customer though. You can call them through the general iTrade number to check on the status, they've been pretty courteous when I called.
May 1st, 2020 10:06 am
choclover
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Oct 7, 2007
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May 1st, 2020 10:06 am

Yes, I have also recently applied to open an account. It has taken a few weeks of back and forth to get all the forms done properly and now I think I am finished from my side unless they tell me otherwise. I will be following up with them in a week to find out the status.

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