How does Scotia iTRADE's U.S.-friendly RESP account work?
For $30 per quarter, per account, trade an unlimited number of U.S. securities in your RESP account(s) without paying retail spread over and above the Scotia Capital Inc (SCI) foreign exchange rate.
The U.S.-friendly FX rate applies to all trade types including equities, options, mutual funds and bonds. Dividends, re-orgs, DRIPS and other non-trade related transactions are excluded from the U.S. friendly offer. RESP accounts enrolled in U.S.-friendly will continue to be CDN dollar denominated. Securities and cash will continue to be held in CDN currency.
Visit our website to learn more about U.S.-friendly RESPsU.S.-friendly RESPs.