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Thread: Can I keep my shares but close my account?

  1. #1
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    Default Can I keep my shares but close my account?

    Okay so I have this Questrade account, and all I have are 500 shares that I'm not playing with, they're just sitting there and I have no desire to buy or sell or anything, just wanna hang onto these.

    Now Questrade sent out an email saying that starting April 1 they are charging a "quarterly inactivity fee" of $24.95 per month on inactive accounts under $5000. Like I don't have 5k to gamble with anytime soon here and I want to keep my shares. Is there any way to transfer them to a different platform and close down this Questrade bullshit?

    Thanks

  2. #2
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    You can transfer them wherever you want, and it sounds like you want what is called an "in kind" transfer which keeps your investments as-is rather than converting to cash first. Expect a transfer fee.

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