Offer for business administration students

• Be a full-time university student in accounting or law, or be an intern in notarial law or a full-time student at a qualifying Business school (minimum requirement: Bachelor's)
  
• You must visit the branch once a year to update your file (show two pieces of ID, proof of full-time student status and your most recent transcript).
• Have an eligible bank account¹².

®Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank.

®THE EXCHANGE is a registered trademark of Fiserv Inc.

® The Interac logo and Interac e-Transfer are registered trade-marks of Interac Corp. Used under licence.

® THE TOTAL is a registered trademark of National Bank of Canada.

SECURIZONE is a registered trademark of National Bank of Canada used by NBC Assistance Inc.

SECURIZONE:

Discount is applicable to the standard rates of the Securizone or Securizone 360 plans for as long as you benefit from an exclusive offer. If you no longer benefit from an exclusive offer, you must agree to pay the applicable regular rate in order to continue to benefit from the plan. NBC Assistance Inc. reserves the right to terminate or modify this offer at any time. Please consult the rates and other applicable conditions on the Securizone page.

1. Subject to credit approval by National Bank. The $376 in potential annual savings is provided as an example of what a holder could save with a typical profile if they had:

• A banking package equivalent to The Total^®available at the monthly cost of $13 for full-time post-secondary students aged 18 to 24 inclusively and
• A student line of credit with an annual current balance of $30,000
• A National Bank Platinum Mastercard^®credit card

The savings is calculated as follows:

• No flat monthly fee with The Total^®package (annual savings of $156)
• Annual discount of 0.50% on the rate for the student line of credit (annual savings of $150 for an annual current balance of $30,000).
• Savings on annual credit card fees for one of the first three years (savings of $70).

Certain eligibility conditions apply. The potential savings may not reflect the net savings that you will receive; this amount will vary depending on your financial situation and the products in which you have enrolled. 

2. Subject to credit approval by National Bank of Canada. Certain conditions apply. Three years after the card is issued, the regular annual fee in effect will automatically be charged to the account. Offer cannot be renewed.

3. A chequing account. Some services such as the passbook and paper statement by mail are not included.

4. Subject to credit approval by National Bank. Certain conditions apply. A guarantor who satisfies National Bank's criteria may be required. The annual amount is based on your personal budget needs.

5. Grace period: 

6. Subject to credit approval by National Bank. Each balance transfer must be at least $250.

7. Certain restrictions apply. Please consult the applicable rules governing reward points under Rewards plan.

8. This coverage applies to purchases and rentals charged in part to the card, except out-of-province medical/hospital insurance for which the travel arrangements need not be charged to the card, and lost or delayed luggage insurance where all transportation costs must be charged to the card. This coverage applies to the primary cardholder, his/her spouse and/or dependent children when they (spouse and/or dependent children) travel with the primary cardholder. Extended warranty coverage applies to most new articles purchased with the card, in Canada or abroad, as long as the manufacturer's warranty is valid in Canada. Certain conditions and restrictions apply. For more information and for details of your insurance coverage, please consult the insurance certificate associated with your card.

9. Subject to credit approval by National Bank.

The regular rate for a line of credit is the prime rate* + 4%, which corresponds to 11.20% (${p1.tauxBase|percent:"true"} + 4%) as at January 22, 2024. As the applicable rate is based on the prime rate, it may fluctuate over time. No management costs. Account statements are produced monthly. Interest accrues as soon as an amount is drawn on the line of credit. Students must start repaying the principal when they have a full-time job or within 12 months of the end of their studies.

*The prime rate means the annual variable interest rate posted by National Bank, from time to time, and used by the Bank to determine the interest rates on the demand loans it grants in Canadian dollars in Canada. Consult the prime rate webpage to find out today's rate.

Examples of credit charges calculated for a period of thirty (30) days for the student line of credit based on the rate in effect on January 22, 2024.

10. Subject to credit approval by National Bank. Transfer is possible during and after completion of studies. To maintain student benefits, the transfer of the line of credit to the National Bank must be made no later than 6 months after the end of studies. You must provide proof of attendance from your post-secondary institution located in Canada (last available proof if the transfer is at the end of your studies) and your latest transcript showing successful completion. The usual conditions for the student line of credit also apply to the transfer, with the necessary adjustments.

The “Prime rate” means the annual variable interest rate posted by National Bank, from time to time, and used by the Bank to determine the interest rates on the demand loans it grants in CDN$ in Canada. Visit nbc.ca/primerate for the rate in effect.

11. Monthly account statement. No management fees. As a guideline, the applicable rate for a typical Student Line of Credit is comprised of the prime rate + 1%. Once an amount is borrowed from the line of credit, it accrues interest. The minimum monthly payment is limited to the monthly interest and life insurance premiums (as applicable). Examples of credit fees calculated over a 30-day period at the applicable rate as at January 22, 2024:

12. Subject to credit approval by National Bank. Transfer is possible during and after completion of studies. To maintain student benefits, the transfer of the line of credit to the National Bank must be made no later than 6 months after the end of studies. You must provide proof of attendance from your post-secondary institution located in Canada (last available proof if the transfer is at the end of your studies) and your latest transcript showing successful completion. The usual conditions for the student line of credit also apply to the transfer, with the necessary adjustments.

13. Subject to credit approval by National Bank.

14. National Bank reserves the right to cancel the savings and other benefits offered as part of the banking offer, without prior notice, if the client closes his/her eligible bank account. If the client cancels an eligible credit card or replaces it with a credit card that is ineligible for the offer, the National Bank will charge a flat monthly fee of $12.95 on transaction bank accounts, enabling the client to keep the savings and other benefits of the banking offer.