Day-to-Day Banking and Fees

Here are our most popular services and the fees for those services.

1 Internet Banking Solutions

Cheque orders

Need more cheques? You can personalize them by choosing from a range of designs and covers and specifying the personal information you want printed.

Order your cheques in two easy steps*: 

You can also:

  • Contact us by phone at 514-394-5555 or outside Montreal at 1 888 TelNat-1 (options 5-4-1-2) between 6 am and midnight, 7 days a week. 

or

*You'll receive your new cheques within 10 days of receipt of the order.

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Pre-authorized debits

You can pay utility bills, insurance premiums, mortgage instalments, etc., by pre-authorized debit as long as the debits are scheduled on a regular basis.

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Direct deposits

Don't have time to go to your branch to deposit cheques? 
Ask issuers if they can deposit payments directly to your account—you won't have to make that extra trip!

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Overdraft protection

Overdraft protection is an effective precaution and an excellent cash management tool. Overdraft protection may be ideal for you if one of the following situations applies:

  • your transaction account is active
  • you use your Interac direct payment card to make purchases
  • automatic withdrawals are debited from your transaction account
  • you want to avoid the inconvenience and cost associated with NSF cheques
  • you do not want your debit card purchases refused.

Overdraft protection provides a safety net against a cash shortfall, by drawing the missing cash from another of your eligible products that does have sufficient funds ($5 fee for transfers).

By signing up for this service, you avoid account overdrafts by obtaining the necessary cash to cover cheques, electronic funds transfers, purchases with the Client Card, withdrawals, transfers and bill payments made via ABM or through a TelNat agent.

With your authorization, the overdraft is covered by funds transferred from one of your transaction accounts, your personal line of credit, or by a direct cash advance from your MasterCard.

Authorized overdraft

The Virtuoso®4, 1 Line of Credit puts between $500 and $5,000 at your disposal so you always have enough to make ends meet and pay unexpected expenses, or to take you're dream vacation. It also protects you against account overdrafts.

An account statement is issued monthly. The line of credit bears interest from the time it is used. The minimum monthly payment is limited to monthly interest charges and any insurance premiums. The applicable interest rate is National Bank of Canada's prime rate* + 7%, which was 13.00% as at January 30, 2007.

The applicable rate is based on the prime rate and is therefore subject to change.

Examples of credit charges for a 30-day period at the rate applicable as at JANUARY 30, 2007:

Annual interest rate

$500

$3,000

$ Prime rate 6% + 7% (13.00%)

$5.34

$32.05

1 Subject to credit approval by National Bank of Canada. 
* Prime rate means the variable annual interest rate that the Bank publishes from time to time as a benchmark, and which is used to determine the interest rate on Canadian dollar demand loans granted by the Bank in Canada. 

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Account statement

Single account statement 

With the single account statement, you get an overview of most of your National Bank activities: transaction accounts, lines of credit and registered (RRSP) and non-registered GICs.

Information on GICs held in your registered and non-registered accounts with National Bank, Natcan Trust Company and National Bank Trust (non-registered GICs only) has been added to the single statement. Details concerning your GICs, transaction confirmations and maturity notices are now conveniently grouped together in one document.

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Online statement 

Replace the paper statement mailed to you each month with the new online statement at no additional cost.

By subscribing to the online statement, you'll reduce the amount of paper used and still have 24/7 access to your statements via Internet Banking Solutions.

Find out more about the Online statement.

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Items

Items deposited to accounts and returned unpaid

No fee

Post-dated items deposited through ABMs

$5.25

Items received by mail for deposit to accounts

$5.25

Overdraft fee for items paid or payment instructions carried out without sufficient funds (plus interest)

$5.00

Processing charge for cheques, items or payment instruction drawn on the account and returned or refused due to insufficient funds

$45.00

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Stop payments (not available for accounts without chequing privileges)

With complete information (date, amount, name of payee and cheque number)

$16.00

With partial information

$30.00

For a series of cheques or pre-authorized debits
a series of a maximum of twelve (12) cheques can be stopped.

$30.00

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Funds transfer

Service charges for funds transfers:

Overdraft protection

Via funds transfers from other accounts, personal lines of credit or National Bank MasterCards

$5.00/day

Funds transfer requested by mail or by telephone

$6.50

Fixed-date automatic transfers

Transfer charge

$1.50

Transfers requested by other financial institutions when closing accounts

$17.00

Interac* e-Transfer service (In effect during the week of November 14, 2011)
Send an Interac e-Transfer $1.00
Receive an Interac e-Transfer Free

List of participating Canadian financial institutions.

* An e-Transfer transaction fee of $0.65 will be added, when applicable, to new Interac e-Transfer service fees related to the sending of an Interac e-Transfer.

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Tracing and documents

Issuing a letter on client request

$10.00

Requests for images or items submitted via Telnat Telephone Banking Solutions or at a branch

$5.00/item1
(regardless of the transaction date)

Tracing or reproducing documents
(other than cleared items in your account and account statements):

 
  • Less than 90 days after transaction date

$5.00 each1

  • 90 days or more after the transaction date

$10.00 each1 (min $20.001)

Copies of previously-issued account and investment statements

$5.00

Requests for copies of recent transactions before monthly account statements are produced

$5.00

Copies of previously-issued loan account (mortgage and other) statements

$10.00

1 Fees also charged to clients for requests by third parties.

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Wire transfers

Want to send or receive funds inside Canada or abroad? You can wire (telex) funds to anywhere in the world, no matter what the currency.

Wire transfer charges1:

Outgoing wire transfers

 
  • Inside or outside Canada

$15.00 to $60.00
Depending on amount and currency
(wire charges are extra)

  • Wire charges
$15.00 to $20.00
per wire depending on destination

Incoming wire transfers

 
  • From inside or outside Canada

$5.00 to $25.00
Depending on amount and currency

1 Some local bank correspondents may charge additional fees.

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Online Foreign Currency Ordering Service

Details