Introducing... Questbank | General financial discussion | Discussion forum

Questrade's application for a Schedule I chartered bank is complete, and Questbank is the name. The final stage in the approval process, following Minister of Finance approval, is for an "order to carry on business and commence operations" from the OSFI superintendent, which was given effectively November 1, 2025, as per this Canada Gazette issue. The bank has yet to formally begin accepting deposits and taking on customers, but it has secured all regulatory approvals to do so and could do so at any time without further notice or approval.

Questrade Financial Group already owns Community Trust Company, offering residential mortgages, brokered GIC deposits, as well as registered plan custodian/trustee services, including, most likely, to Questrade itself.

I first reported this in November 2019 in this thread.