EFT – Electronic Funds Transfer
This process allows the clients to send funds electronically from their Foster & Associates account directly to their bank account. These can be set up for Canadian funds brokerage accounts to a Canadian funds bank account or a US funds brokerage account to a US funds bank account at a Canadian bank.
To sign up, simply complete the Authorization to Access Client Account
Unison Cash Management Account (Unison CMA)
Unison CMA integrates traditional banking services with the clients brokerage account to provide debit card, chequing, telephone and internet access to their investment account.
The Unison CMA client debit card provides access to liquid assets (excess margin or cash balance) via Interac, CIRRUS and EXCHANGE networks. Clients may withdraw funds or make deposits at automated banking machines (ABMs) and make point of sale purchases directly from their investment account. Clients may also write personal cheques or access the National Bank of Canada's convenient and easy-to-use web site or telephone banking services to pay bills.
To sign up, simply complete the CMA Application Form
Electronic Deposit of Funds
An alternate method for clients to deposit funds to their Canadian dollar cash or margin account at Foster & Associates.
Our Carrying Broker, NBCN is now registered as a Biller with the Canadian Payments Association. This means that the client can now go to their banks' website or telephone bill payment system and set NBCN as a recipient of funds similar to other bill payments.
The Biller's name on the bank systems is "NBCN". The account number is the 7 character account number from the client statement beginning with a numeric character, and ending with either A or E (cash or margin).
Credits to the account will be dated to match the date of credit to the client's Foster account. In general, this will mean that the client will receive value on the day after the bill payment is initiated from the client's bank. Depending on individual bank cut-off times, this may be extended to 2 days after payment.
My Portfolio
Client access to account information over the Internet. Clients can view account holdings, see a history of transactions and view summarized account information and the status of open orders. This service can be accessed directly from the link on our Website or accessed directly at myportfolio.nbcn.ca.
To sign up, simply contact your Investment Advisor.
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