- Be a full-time student in Canada.
- 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 account11.
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)
A $70 annual fee will be automatically applied starting from the 4th year.
20.99% purchase rate
22.49% balance transfer and cash advance rate5-6
Your advantages
Discover the Platinum Mastercard credit card
*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
Your advantages
Quick 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.
In partnership with FBA Solutions, access lawyers by phone and get legal information in many areas9.
Take advantage of a 20% discount on the Securizone® or Securizone 360™ plan and access tools and support services to better protect your identity.
Save on your transactions, get a line of credit, and a mortgage with great conditions thanks to our exclusive offer for teachers and educators.
Apply online and an advisor will contact you shortly to set up an appointment.
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| 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. Included services and fees for
non-related services are listed in our Rate Guide, available in branch
or at nbc.ca.
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 $250.
7. Certain restrictions apply. Please consult the applicable rules
governing reward points under Rewards
plan.
8. This coverage applies to purchases and rentals charged in part to
the card, except out-of-province medical/hospital insurance for which
the travel arrangements need not be charged to the card, and lost or
delayed luggage insurance where all transportation costs must be
charged to the card. This coverage applies to the primary cardholder,
his/her spouse and/or dependent children when they (spouse and/or
dependent children) travel with the primary cardholder. Applicable
only for 10 days of travel. Extended warranty coverage applies to most
new articles purchased with the card, in Canada or abroad, as long as
the manufacturer's warranty is valid in Canada. Certain conditions and
restrictions apply. For more information and for details of your
insurance coverage, please consult the insurance certificate
associated with your card.
9. Questions relating to any commercial or criminal activity are excluded.
10. The “Prime rate” means the annual variable interest rate posted by National Bank, from time to time, and used by the Bank to determine the interest rates on the demand loans it grants in CDN$ 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 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. National Bank reserves the right to terminate, without notice, the savings and other benefits on all products and services included in the banking offer, if the client closes their eligible bank account. In the event the client cancels their eligible credit card or replaces it for a credit card that is not eligible for the offer, National Bank will charge fixed monthly fees of $12.95 on the transaction accounts to enable the client to maintain their savings and other benefits in the banking offer.