How to Cancel a New Account Application
Learn how to cancel a new account application
Applies To:
- All Portfolio Managers, Advisors, Wealth Planners, and support staff.
- Eligible account types: Cash accounts, Joint accounts, Margin accounts, TFSA, RRSP, RESP, RDSP, FHSA, RIF, LIF, LIRA, and Trust accounts.
You can cancel a new account application from a client’s CRM Contact Record. Use the instructions below to ensure requests are processed correctly.
When to Submit a Cancel Request
- A client notices an error in a recently processed new account application.
- A client wants to cancel a new account application entirely.
How to Submit a Cancel Request
To submit a Cancel request, you'll use the Service Extension on the client's CRM Contact Record.
How to Submit a Cancel Request
- Navigate to the side toolbar
- Select the CRM subheading
- Click on Tickets
- Scroll down to find "New Account Applications" in the search bar
- Use the board view to monitor ticket stages
- Check the status of your ticket currently in the "In Review" stage of the pipeline.
- Within the Servicing tab, click on the 'Actions' button to proceed.
- From the dropdown menu, select the 'Cancel' option.
- Once completed, the ticket will be moved to the "Completed" stage and highlighted in yellow.
Please Note: A new account application can only be cancelled while it is in the "In Review" stage of the pipeline.
Processing Times
- The new account application will be cancelled immediately upon submission of the cancellation request.