What are guaranteed funds?

Some issuers only accept guaranteed (settled) funds.

Some products require guaranteed funds for purchases due to the nature of the security. Funds transferred via EFT can require up to 90 days to be considered "settled" or "guaranteed". Funds transferred via Interac are considered "settled" or "guaranteed" immediately after a successful deposit.

If an issuer is only accepting settled/guaranteed funds, you can use the Interac funding option. Distributions are also considered guaranteed funds.