Questrade $50 bonus to set up PAD (up to $150) effectively 16.67% cash back, new and existing customers
Received an email about this, you basically need to set up a PAD, minimum $100 each deposit, and active for 3 months, for a $50 bonus
This can be done for up to 3 different account types (ex. Margin, RRSP, TFSA) for a total of $150 bonus for depositing $900
Effective yield over 3 months is 16.67%, which is pretty good for anyone who already has an account and would have wanted to deposit some funds anyway, let me know if I'm missing some major catch
Although not clear in their T&C, this most likely does not stack with other promos
Full Terms and Conditions PDF
This can be done for up to 3 different account types (ex. Margin, RRSP, TFSA) for a total of $150 bonus for depositing $900
Effective yield over 3 months is 16.67%, which is pretty good for anyone who already has an account and would have wanted to deposit some funds anyway, let me know if I'm missing some major catch
Although not clear in their T&C, this most likely does not stack with other promos
Full Terms and Conditions PDF
Terms and Conditions:
Questrade is offering existing clients or new clients CAD $50 cashback contribution when setting-up a recurring
pre-authorized deposit (PAD) with a minimum of CAD $100/month or minimum of USD $100/month for at least 3
months to any Questrade self-directed or Questwealth Portfolios account (some exceptions apply). This offer is open
for up to three PADs per client for a maximum potential cashback contribution of CAD $150.
How to qualify:
● Must be an existing or new Questrade self-directed or Questwealth Portfolios account to qualify for this offer.
● Set-up a recurring pre-authorized deposit (PAD) to the qualifying Questrade or Questwealth Portfolios
account(s) with a minimum PAD amount of CAD $100/month or minimum of USD $100/month before March
31, 2023.
● The funds from the first monthly PAD must be received by April 30, 2023.
● Maintain the PAD deposit minimum of CAD $100/month or minimum of USD $100/month for at least 3
months.
● The final funds from the third month's PAD must be received by June 30, 2023.
General:
● FX & CFD accounts are not eligible for this promotion.
● You must be qualified to be eligible to receive the CAD $50 cashback contribution.
● The cashback contribution will be credited up to 2 months (by August 31, 2023) to the qualifying account(s)
following the requirement of CAD $100/month or minimum of USD $100/month being met via pre-authorized
deposit (PAD) for 3 months.
● Up to three PADs may qualify within the promotion period.
Additional terms and conditions:
● This promotion is subject to all applicable federal, provincial, municipal laws and regulations and is not
available to Questrade employees and members of their household or Questrade affiliated partners.
● TFSA, and RRSP account balances are subject to Government of Canada regulations stipulating maximum
annual contribution levels. Please check your TFSA, and/or RRSP contribution room prior to making a
contribution. Consult the CRA or your tax adviser about TFSA, and/or RRSP and how they relate to your
situation.
● The cashback contribution will count as a contribution if it is deposited into a registered account (TFSA,
and/or RRSP) and this may affect your contribution limits.
● This offer and its terms and conditions are subject to change without notice, including the promotion period.
* Questrade Wealth Management Inc. (QWM) and Questrade, Inc. are wholly owned subsidiaries of Questrade
Financial Group Inc. Questrade, Inc. is a registered investment dealer, a member of the Investment Industry
Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF), the
benefits of which are limited to the activities undertaken by Questrade, Inc. QWM is not a member of IIROC or CIPF.
Questrade Wealth Management Inc. is a registered Portfolio Manager, Investment Fund Manager, and Exempt
Market Dealer. Questrade, Inc. provides administrative, trade execution, custodial, and reporting services for all
Questwealth accounts. ©2023, Questrade, Inc. All Rights Reserved.
Questwealth Portfolios® is a service provided by Questrade Wealth Management Inc.
