- Be a full-time student in Canada.
- Visit the
branch once a year to update your file. You will be asked to show a
piece of ID and proof of full-time student status.
- Have an eligible bank account12.
Get a Canadian or U.S. dollar account with no monthly fee.
Advantages
• Unlimited ABM and online transactions
• Unlimited Interac e-Transfers®
• 100 personalized cheques free of charge (shipping fees and taxes not included)
• Overdraft protection
• Access your account from anywhere in Canada via THE EXCHANGE® ABM network
• Manage your finances through our mobile app or online platform
$0 annual fee for the first 3 years ($70 annual fee from 4th year)
20.99% purchase rate
22.49% balance transfer and cash advance rate5-6
Advantages
*The regular annual fee will be billed automatically three years after the card is issued.
Our student line of credit9 helps you cover unexpected expenses.
Great rates
Prime rate10 +0.75%
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No management fees11
Advantages
Tip
Did you know that by signing up for the student offer, you could transfer your student line of credit to the National Bank for up to 6 months after the end of your studies and still benefit from the advantages?12
With a high-interest savings account you can access your funds at any time.
To take control of your investments with powerful tools and a dedicated team of experts.
Are you a graduate? Save on your transactions and get a great deal on a line of credit and a mortgage with our offer for health science specialists.
In partnership with FBA Solutions, access lawyers by phone and get legal information in many areas.
Take advantage of a 20% discount on the Securizone® or Securizone 360™ plan and access tools and support services to better protect your identity.
Prime (P) = ${p1.tauxBase|percent:"true"}
| Rate |
|
| Student Line of Credit |
P + ${p1.ecart|percent:"true"} = ${p1.taux|percent:"true"} |
®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 $301 in potential annual savings is provided as an example of what a holder with a typical profile could save if they had:
The savings is calculated as follows:
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:
No interest will be charged on purchases made during the month, provided the client pays the balance in full within twenty-one (21) days of the statement date. This grace period does not apply to cash advances or balance transfers. Minimum payment: If your account balance is lower than $10, you must pay the entire balance. If you reside in the province of Quebec, your minimum payment will correspond to 5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. If you reside outside of Quebec, your minimum payment represents 2.5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. Account statement: A statement is sent monthly.
Example of credit charges over a 30-day period
Annual interest rate |
Average balance |
|
|---|---|---|
$500 |
$3,000 |
|
22.99% |
$9.45 |
$56.69 |
20.99% |
$8.63 |
$51.76 |
14.5% |
$5.96 |
$35.75 |
11.7% |
$4.81 |
$28.85 |
*Variable interest rate in effect on September 1, 2021
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.
| Average balance | ||
|---|---|---|
| $5,000 | $15,000 | |
| Prime rate + 4.00% (11.20%) |
$46.03 |
$138.08 |
10. The “Prime rate” means the annual variable interest rate posted by National Bank, from time to time, and used by the Bank to determine the interest rates on the demand loans it grants in CDN$ 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 with a guarantor 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:
| Average Balance | ||
|---|---|---|
| $500 | $3 000 | |
| Typical Student Line of Credit | $3.37 |
$20.22 |
| Prime rate + 0.75% (7.95%) | $3.27 |
$19.60 |
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 benefits offered as part of the offer for professionals at any time, without prior notice, if the client closes his eligible bank account or Mastercard credit card and replaces them with an ineligible account or Mastercard credit card.
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