What's a Scotia iTRADE U.S.-friendly RESP account?
U.S.-friendly Registered Education Savings Plans (RESP) offer an alternative way to handle foreign exchange conversion for cross-currency (CAD–USD) trades in any one of your Scotia iTRADE registered accounts.
The U.S.-friendly feature can be added to all new and existing Scotia iTRADE RESP accounts. For $30 per quarter, per account, trade an unlimited number of U.S. securities in your CDN RESP account(s) without incurring currency conversion costs. 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.