Do you perform background credit checks for margin account applicants?

No, you must enter the Taxpayer Identification Number (TIN) during the account application process…

It is not possible to change a TFSA account to a margin account. If you want a margin account then you must initiate a new account application for a margin account.

Additional Information…

The credit hold period on check deposits depends on the check currency:

• USD Checks: Funds are credited to the account after a 7 business day credit hold, with the exception of Bank Checks, which are credited immediately.
• HKD Checks: The Withdrawal Hold Period is 3 business days (you may withdraw funds after 3 business days)…

Yes. The creditworthiness of checks issued from a credit union differs from an Official Bank check. As such, checks issued by a credit union will be subject to a credit hold of six business days…