What can't be deposited to a brokerage account?
The following are some examples of what cannot be deposited into a brokerage account:
- Cash
- Personal 3rd-party cheques (i.e. cheques drawn by a person other than the beneficiarl account holder)
- Cheques with missing signatures
- Personal cheques not imprinted with your name
- Money Orders not issued by a bank
- Counter cheques
- 4th party cheques (i.e. cheques previously endorsed by another party)
- Foreign cheques or drafts payable in foreign funds (other than U.S.)
- Foreign cheques and drafts drawn on a non U.S. institution
- Traveler's cheques
- Third party certificates
- OTC BB certificates
- Pink Sheet certificates
For ScotiaMcLeod accounts, please contact your advisor.
Last updated May 22, 2024