Administration Fees | HSBC Canada

HSBC InvestDirect Administrative Fees

 

 

 

 
Non-registered accounts    
 
Inactivity Fee7

Your account will be exempt from this fee if any of the following apply:

• You have an account balance of greater than $10,000
• You have completed one or more commissionable trades2 in the preceding 3 months
• You also hold an HSBC InvestDirect registered account with same beneficial ownership (RRSP, LIRA, RIF, LIF or LRIF)
• Your account has been open for less than 90 days

$25

 
Registered accounts    
 
Registered Accounts (RRSP, RRIF, Locked-In Plans)

Annual administration fee3

RSP de-registration (at point of request)
 

RIF – unscheduled withdrawal
 

$100

$135 Full
$75 Partial

1 free per year
$50 for each additional

 
Investment to Private Companies/Equities
(on approval basis only4,5,6)

Setup fee
Annual fee
Reorganization fee
Redemption fee
Certificate registration

$300
$150
$250
$250
$100

 
Registered Educational Savings Plans

Annual administration fee
Transfer fee (full or partial)

$50
$135

 
Mortgage Held in a SDRSP

Please note that we no longer accept SDRSP mortgages.

Annual administration fee

$450

 
Registered and Non-Registered Accounts    
 
Wire Transfers
(at point of request)

To other Financial Institutions in Canada
To HSBC branches (Local and Global)
Stop Wire Payment

$35
$35
$25

 
Handling

Transaction amendment for same beneficial owners
NSF cheque
Stop payment
Standard Estate processing5
Cheque request

$50
$50
$25
$200
$10

 
Hypothecated Account

Setup Fee

$250

 
Document Administration

Search for records
Confirmation slip replacement (per document)
Confirmation slip over 3 months old (per document)
Duplicate trading summary/tax slip (per document)
Statement replacement5
Letter writing

$25 per half hour, min. $25
$5
$135
$15
$15
$25 per letter

 
Security Registration

Canadian security registration (5 days, per certificate)
Rush security registration (per certificate)
U.S. security registration
Foreign security registration
U.S. share ownership statement (per statement)

$95
$300
$500 USD
$200
$50 USD

 
Transfer Out
(at point of request)

Account transfer out – full
Account transfer out – partial

$135
$135

 
Special Services

American Depositary Receipt (ADR) fee – banks that custody ADRs charge fees on a per share basis, which may vary by individual ADRs and are passed through to ADR investors.

HSBC InvestDirect is a division of HSBC Securities (Canada) Inc., a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada. HSBC Securities (Canada) Inc. is a member of the Canadian Investor Protection Fund.

Other fees apply. Please speak to a client service representative for more details. Fees charged in currency of account unless otherwise specified. All fees listed are as of July 8, 2014.

Taxes such as GST/HST or Provincial Sales Tax may be applicable on certain charges.

1Charged quarterly (on or around the 15th of each month following the quarter) on your non-registered investment accounts with market balances less than $10,000.

2Commissionable trades are: Buys and sells of Equities, Options, Fixed Income – Bonds, Treasury Bills, Bankers’ Acceptances, Bearer Deposit Notes, Commercial Paper and Crown Corporation Money market Instruments. Buys and sells of GICs, Term Deposits, Canada Savings Bonds, Money Market Mutual Funds and Provincial Savings Bonds are not considered commissionable trades.

3Fee only applies when the combined balance of registered accounts is under $25,000 CDN as of May 31. This fee will be debited from registered accounts in June.

4Transactions subject to acceptance by HSBC InvestDirect.

5Other charges may apply, including but not limited to all applicable fees incurred from the transfer agent, lawyer, or issuing company for re-registration.

6The fee is debited from the account on or around January 15th of the following year.

7The quarterly inactivity fee is CAD $25. See Administration Fees for more details.

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