Desjardins broker Accounts

desjardins Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

desjardins Account Types Explained

Desjardins offers a variety of account types tailored to meet different financial needs. Below is an overview of the available account types along with their key features:

1. Everyday Accounts

• Basic Plan

• Minimum Deposit: $1,500 to avoid monthly fees.

• Monthly Fee: $3.95.

• Transactions: Up to 12 per month.

• Target User Profile: Individuals with minimal transaction needs.

• Intermediate Plan

• Minimum Deposit: $3,000 to avoid monthly fees.

• Monthly Fee: $10.95.

• Transactions: Up to 30 per month.

• Target User Profile: Individuals with moderate transaction needs.

• Unlimited Plan

• Minimum Deposit: $4,000 to avoid monthly fees.

• Monthly Fee: $15.95.

• Transactions: Unlimited.

• Target User Profile: Frequent users needing flexibility.

• Unlimited Plus Plan

• Minimum Deposit: $5,000 to avoid monthly fees.

• Monthly Fee: $23.95.

• Transactions: Unlimited.

• Target User Profile: Users requiring extensive banking services.

2. Savings Accounts

• Regular Savings Account

• Minimum Deposit: No minimum.

• Interest Rate: 0.05% for non-registered accounts; 0.55% for registered accounts.

• Target User Profile: Individuals saving for short-term goals.

• Tax-Free Savings Account (TFSA)

• Minimum Deposit: No minimum.

• Interest Rate: 0.35%.

• Target User Profile: Individuals looking to save tax-free.

• Registered Retirement Savings Plan (RRSP)

• Minimum Deposit: No minimum.

• Interest Rate: 0.55%.

• Target User Profile: Individuals saving for retirement.

3. Investment Accounts

• Online Brokerage Accounts
• Cash Account: Basic trading account for stocks and mutual funds.
• Margin Account: Allows trading on margin, providing greater buying power.
• Registered Accounts (RRSP, TFSA): Tax-advantaged accounts for investments.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Basic Plan, Regular Savings Account.
• Intermediate: Intermediate Plan, TFSA.
• Advanced: Unlimited Plan, Online Brokerage Accounts.

Detailed desjardins Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Basic Plan:

• Low monthly fee.

• Suitable for low transaction frequency.

• Intermediate Plan:

• More transactions allowed.

• Moderate monthly fee.

• Unlimited Plan:

• No transaction limits.

• Ideal for frequent users.

• Unlimited Plus Plan:

• Comprehensive services included.

• Best for users needing extensive banking features.

Disadvantages of Each Account Type

• Basic Plan:

• Limited transactions may not suit all users.

• Intermediate Plan:

• Higher monthly fee compared to Basic Plan.

• Unlimited Plan:

• Requires a higher minimum balance to avoid fees.

• Unlimited Plus Plan:

• Highest monthly fee among all plans.

desjardins Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Must be a resident of Canada.
• Prohibited Countries: Not specified in the sources.
• Identity Verification Documents Needed:
• Valid Canadian or international passport.
• Health insurance card (RAMQ).
• Valid Canadian drivers license.
• Proof of Residence Requirements: Not explicitly mentioned.
• Additional Documentation for Professional Accounts: Not specified.

KYC/AML Compliance Procedures

• Verification of identity to prevent fraud and identity theft.
• Compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

Verification Time Frames

• Account verification typically takes a few business days, depending on the completeness of the submitted documents.

Step-by-Step desjardins Account Opening Guide

Registration Process

1. Visit Website: Go to the Desjardins website and click on the account registration option.
2. Personal Information Entry: Fill in your personal details including name, address, and contact information.
3. Choose Account Type: Select the type of account you wish to open.
4. Set Trading Preferences: Specify any preferences related to your account usage.
5. Document Upload: Upload the required identification and verification documents.
6. Account Verification: Wait for the account to be verified by Desjardins.
7. Fund Your Account: Once approved, deposit funds into your new account.
8. Start Trading: Begin using your account for transactions.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile may have additional verification steps for security.

Common Registration Issues and Solutions

• Issue: Delays in verification.

• Solution: Ensure all documents are correctly submitted and contact customer service if needed.

• Issue: Difficulty in uploading documents.

• Solution: Check file formats and sizes; use a different device if necessary.

Average Account Approval Time

• Typically ranges from a few hours to several business days.

How to Upgrade/Downgrade Account Types

• Contact customer service or visit a local branch to request changes to your account type.

desjardins Demo Account Guide

Demo Account Features and Benefits

• Allows users to practice trading without financial risk.
• Provides access to the same trading platforms and tools as live accounts.

How to Open a Demo Account

• Visit the Desjardins website and select the option to open a demo account.
• Fill out the required information and submit.

Demo Account Limitations

• Limited duration, typically lasting 30 to 90 days.
• Virtual balance may not reflect real market conditions.

Virtual Balance Amount

• Not specified in the sources.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and actual market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after a set period, often between 30 to 90 days.

desjardins Islamic Account Details

Swap-Free/Islamic Account Availability

• Not specified in the sources.

Eligibility Requirements

• Not specified in the sources.

Differences from Standard Accounts

• Not specified in the sources.

How to Apply for Islamic Account

• Not specified in the sources.

Restrictions or Special Conditions

• Not specified in the sources.

FAQs – desjardins Account Types & Opening

1. What account types does desjardins offer？

• Desjardins offers Basic, Intermediate, Unlimited, Unlimited Plus, Regular Savings, TFSA, and RRSP accounts.

1. What is the minimum deposit for each account type？

• Basic Plan: $1,500; Intermediate Plan: $3,000; Unlimited Plan: $4,000; Unlimited Plus Plan: $5,000.

1. How long does desjardins account verification take？

• Typically takes a few business days.

1. Does desjardins offer demo accounts？

• Yes, Desjardins offers demo accounts for practice trading.

1. Can I have multiple account types with desjardins？

• Yes, you can open multiple accounts under the same folio number.

1. Does desjardins offer Islamic/swap-free accounts？

• Information on Islamic accounts is not specified.

1. What documents do I need to open a desjardins account？

• Valid Canadian or international passport, health insurance card, or Canadian drivers license.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer service.