Investing

NBDB - DRIP availability

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  • Jan 16th, 2021 12:07 am
[OP]
Member
Jan 21, 2012
262 posts
484 upvotes
VANCOUVER

NBDB - DRIP availability

Hi everyone,

Does anyone know if National Bank Direct Brokerage (NBDB) offers dividend re-investment plan (DRIP) on any securities (mainly interested in iShares ETFs but also stocks)?

I looked over their website and cannot find any reference to this.

Sorry, I also looked over the forum and didn't see any general thread for NBDB.

Thanks!
7 replies
Jr. Member
Nov 12, 2014
126 posts
103 upvotes
Levis, QC
Yes they do DRIP. You have to call an agent to set it up for you. I DRIP some stocks and 2 Vanguards ETF so I'm pretty sure you will be fine with iShares.
Sr. Member
Dec 26, 2019
597 posts
893 upvotes
Corfius wrote: Yes they do DRIP. You have to call an agent to set it up for you. I DRIP some stocks and 2 Vanguards ETF so I'm pretty sure you will be fine with iShares.
Do you know if they honour DRIP discounts?
Jr. Member
Nov 12, 2014
126 posts
103 upvotes
Levis, QC
reversi wrote: Do you know if they honour DRIP discounts?
They do on the stocks I drip (AQN for example).
[OP]
Member
Jan 21, 2012
262 posts
484 upvotes
VANCOUVER
Corfius wrote: Yes they do DRIP. You have to call an agent to set it up for you. I DRIP some stocks and 2 Vanguards ETF so I'm pretty sure you will be fine with iShares.
Thank you very much! I sent them a secure message to get it applied to my VEQT units in my TFSA and they responded very quickly.

I feel NBDB is quite underrated all things considered.
[OP]
Member
Jan 21, 2012
262 posts
484 upvotes
VANCOUVER
Corfius wrote: Yes they do DRIP. You have to call an agent to set it up for you. I DRIP some stocks and 2 Vanguards ETF so I'm pretty sure you will be fine with iShares.
Quick question if you don't mind: I had my first ETF distribution DRIP'd, and I see the dividend in my account history and then it shows as re-invested, but I don't see any increase in my number of units held. I also don't see any cash for the residual amount of the distribution that couldn't be DRIP'd. It's only been 5 days - do you know if this takes a while to show up? It's not a huge amount of money, about $1K, but I want to make sure it didn't magically disappear into nothingness.
Deal Expert
User avatar
Dec 12, 2009
23667 posts
12880 upvotes
Toronto
lc39nav wrote: Quick question if you don't mind: I had my first ETF distribution DRIP'd, and I see the dividend in my account history and then it shows as re-invested, but I don't see any increase in my number of units held. I also don't see any cash for the residual amount of the distribution that couldn't be DRIP'd. It's only been 5 days - do you know if this takes a while to show up? It's not a huge amount of money, about $1K, but I want to make sure it didn't magically disappear into nothingness.
I read online that it can take up to as long as 2 weeks to complete the drip shares. This could be brokerage/equity dependent and how the stakeholders interact. I would not worry that things would fall between the cracks.
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[OP]
Member
Jan 21, 2012
262 posts
484 upvotes
VANCOUVER
will888 wrote: I read online that it can take up to as long as 2 weeks to complete the drip shares. This could be brokerage/equity dependent and how the stakeholders interact. I would not worry that things would fall between the cracks.
Thank you! That’s reassuring.

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