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How do I withdraw from my RESP account in WebBroker?

You can follow these steps to withdraw cash from your Registered Education Savings Plan (RESP) account in WebBroker:  

1. Log in to WebBroker.
2. Select Accounts tab on the top left.
3. Select Withdrawals from RSPs, RESPs under the Transfers & Withdrawals section.
4. Click Select RESP.
5. Follow through the guided steps to complete the withdrawal.

Please ensure you have the following prepared before submitting your request:

• Sufficient cash balance in your RESP
• Void cheque if you choose direct deposit to an account at another Canadian financial institution
• For educational withdrawals, valid Proof of Enrolment (POE) documents1 which include:

• Beneficiary name
• Post-secondary school name (logo, letterhead, or website address)
• Semester(s) or school year (Term start date, duration, and year of the program (e.g. Winter 2018-2019))
• Indication that beneficiary is enrolled full or part time.

1. Requirement for Full time studies: A minimum of 10 hours of instruction/work per week.
2. Requirement for Part time studies: The beneficiary must be at least 16 years of age and a minimum of 12 hours per month.

• Program Type / Degree Program

¹Up to 4 files can be attached per withdrawal request. POE is not required when requesting a Non-Educational Capital Withdrawal (NCW)

Your request will be processed in 3-5 business days. In the event your request requires additional information, we will contact you with the phone number we have on file.