All-In-One Banking

What would you like to do?

Buy a home
All-In-One BankingTM1 is designed to meet your financial needs when you buy a property and at every other stage of your life.
Find out how

Renew your mortgage or transfer from another institution
Renew your existing National Bank mortgage (or transfer your mortgage from another institution) and get maximum flexibility and one of the lowest rates on the market.
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Use home equity to finance other projects
Get additional financing by reborrowing the principal repaid on your mortgage, without ever having to submit another application to the Bank.
Find out how

All-In-One BankingTM1 is a financing solution that has twice been named "Mortgage of the Year" by Canadian Mortgage Trends.

But it's much more than a mortgage loan. It gets you started by helping you buy a home. It's a line of credit that helps you finance your projects (renovations, vehicle, travel, etc.) while saving your money (low interest rate).

The All-In-One is a home equity line of credit. Here's how it works:

All-In-One Banking - Home equity line of credit

1. Finance your home purchase

The All-In-One Banking solution can help you buy your first home or a new property:

  • Minimum down payment is to 20% of the home's value2
  • Eligible for the Home Buyers' Plan4 (HBP)
  • One of the lowest rates5 on the market

The All-In-One provides you with the flexibility of a line of credit and the lower interest rate associated with a mortgage loan.

Compare the advantages of All-In-One Banking to a traditional mortgage loan.

2. Finance your projects

As you gradually pay off your mortgage, the repaid capital becomes a fund that you can use for other projects.3

Main advantages:

  • one great rate for all your projects
  • have multiple accounts and manage each one separately
  • integrate all your other National Bank accounts if you prefer
  • monthly consolidated account statement

 

1 Subject to National Bank credit approval. Certain conditions apply.

2 A maximum amount equivalent to 65% of the value of the property may be in the form of a line of credit, and the rest of the funding has to be in the form of a mortgage loan. For example, if the value of the property is $100,000 and you have an amount of $20,000 available for down payment (20% of the value of the property, which is the minimum required), the authorized credit limit of the All-In-One will be $80,000. However, of this $80,000, up to $65,000 will be in the form of a line of credit and the rest will be in the form of a mortgage loan.

3 Not to exceed the maximum amount available as a line of credit, i.e., an amount equal to 65% of the property value. 

4 To be eligible for the Home Buyers' Plan, the selected home must be located in Canada, purchased or built before October 1 of the calendar year following the RRSP withdrawal and serve as the buyer's principal residence within a year of being purchased or built. You and your spouse can each withdraw up to $25,000 from your RRSP. You have 15 years, as of the second calendar year after withdrawal, to repay your RRSP. Your annual repayment must be equal to 1/15 of the total amounts withdrawn.
TM National Bank All-In-One Banking is a trademark of National Bank of Canada.

5 Interest rate for the All-In-One (line of credit)
As at August 23, 2016 10:00 PM: 2.700% + 1.00
The rate is prime + 1% which is variable, but it's one of the lowest rates on the market.
The prime rate is the annual variable interest rate published by National Bank from time to time and used by the Bank to determine the interest rates on demand loans granted by it in Canadian dollars in Canada.

Fees for the All-In-One (fixed transaction fees):

  • Main account: $6.00/month
  • Additional accounts: $6.00/month/account
  • Account for a mortgage loan integrated into the All-In-One: no charge
  • You are responsible for the property appraisal fees and any legal fees.

Why choose All-In-One Banking?

Here is a description of the main features and how they could be beneficial for you:

Attractive interest rate

One of the lowest rates1 on the market

Advantages

You can save on interest.

Concerns

You don't want the interest rate on your mortgage to fluctuate and you'd like protection against higher rates.

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Benefit from greater stability by integrating a fixed-rate mortgage loan* into your All-In-One Banking. That way, your mortgage will be diversified and you?ll be protected against mortgage rate fluctuations and uncertainty. 

* Subject to credit approval by National Bank in cases where linking a loan to the line of credit results in an increase in the authorized credit limit.

Flexible payments

The minimum monthly payment includes only the interest and any insurance premium.

Advantages

Ideal in case of unforeseen expenses or if you have irregular income because you can adjust your payment amount accordingly.

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When you earn more income, you can increase your monthly payments in order to pay back the borrowed amount sooner and therefore reduce the interest payable.

Concerns

You're worried about not being disciplined enough with your budget and having to pay off your home over a longer period than you'd like.

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It's possible to decide on a pre-set amount for your payments (i.e. make regular payments).

Additional payments without penalty

No penalty or limits if you want to pay off the balance sooner.

Advantages

Make payments based on your income and save on interest by paying off the balance sooner.

Concerns

You?d like to keep funds on hand instead of using them to make payments on your All-In-One Banking.

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You have access to the repaid funds whenever you want, without having to submit another credit application.

Access to repaid funds

The repaid principal can be reborrowed.2

Advantages

Within your authorized credit limit, you can easily access additional financing without having to submit another credit application to the Bank.

Concerns

Since you have easy access to the principal repaid on your home, you may find it easier to spend and extend the total repayment period.

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You have the option of setting a limit so that the repaid funds are not accessible.

Banking transactions

Advantages

It's no longer necessary to enroll in a banking package to benefit from unlimited electronic transactions at a low cost.

Easy to manage

Consolidated overview of your debts.

Advantages

You can access your financial overview at any time through our online services (Internet Banking Solutions). 

One account statement that covers all your borrowing.

Concerns

You're worried about keeping track of payments on each of your financed projects.

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You can open a separate account for each of the projects you want to finance and then determine specific payment terms for each of them.

Compare the advantages of All-In-One Banking versus a traditional mortgage loan.

  • Limited-time offer! If you opt for the All-In-One, you'll be eligible for a World MasterCard3 without having to pay the annual fee for an entire year. After that period ends, the fee for the card will be $125 per year. As of July 12, 2016, the annual interest rate is 19.99%3 for purchases and 22.99%3 for cash advances and balance transfers.

As a World cardholder, you:

  • Benefit from a generous rewards program; you can receive up to 2 points for every dollar spent on your card5
  • Redeem your rewards points for principal payments on your All-In-One
  • Enjoy unrestricted travel with your points
  • Take advantage of a comprehensive insurance program
  • And so much more!

 

1 Interest rate for the All-In-One (line of credit)
As at August 23, 2016 10:00 PM: 2.700% + 1.00
The rate is prime + 1% which is variable, but it's one of the lowest rates on the market.
The prime rate is the annual variable interest rate published by National Bank from time to time and used by the Bank to determine the interest rates on demand loans granted by it in Canadian dollars in Canada.

Fees for the All-In-One (fixed transaction fees):

  • Main account: $6.00/month
  • Additional accounts: $6.00/month/account
  • Account for a mortgage loan integrated into the All-In-One: no charge
  • You are responsible for the property appraisal fees and any legal fees.

Not to exceed the maximum amount available as a line of credit, i.e., an amount equal to 65% of the property value.
Subject to credit approval by National Bank. Certain conditions apply.
No interest will be charged on the purchases made during the month if the balance is paid in full within 21 days of the date of the statement. This grace period does not apply to cash advances and balance transfers. The minimum payment to be made to the Bank every period is equal to 3% of the unpaid balance indicated on the account statement or a minimum of $10, whichever amount is higher (or the new unpaid balance if it is lower than $10). A statement of account is sent on a monthly basis. Examples of credit charges calculated over a period of 30 days.

  Average balance
Annual interest rate $500 $3,000
19.99% $8.22 $49.29
22.99% $9.45 $56.69

5 Accelerated point accumulation applies to every dollar spent from $20,001 to $30,000 of annual net purchase volume. The reference period for the accelerated point accumulation is 12 months from the date the account is opened. Once the 12-month reference period has elapsed, the net purchase volume calculation will be reset to zero.

Without the All-In-One Banking

How it works before

Traditional method: more complex and costly

With the All-In-One Banking

How it works after

Innovative method: simpler and more economical.

You have the choice between a combined approach or a project-by-project approach to manage your finances.

Innovative method: simpler and more economical.

You have the choice between a combined approach or a project-by-project approach to manage your finances.
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Combined approach

All your transactions are integrated into your All-In-One Banking.

Example: Authorized credit limit of $200,000

LINE OF CREDIT

House and home improvements

Your home purchase and improvement financing
$175,000 + $10,000

Banking

$15,000
Day-to-day banking (electricity, phone, cable, etc.)

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This example shows that all your transactions - whether they're related to your mortgage financing or your day-to-day home expenses - are integrated into your All-In-One Banking, without making any distinction between projects.

Project-by-project approach

Your transactions can be separated according to the number of accounts you have within your All-In-One Banking.

Example: Authorized credit limit of $200,000

Home Transaction account Renovations

Account 1

Account 2

Account 3

Finance your home

Cover your day-to-day expenses

Make home improvements

Home financing
$175,000

$15,000

$10,000

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By using multiple accounts, you can separate your needs and monitor your financial situation more easily.

For example, you can create an account for each important project:

  • Home financing
  • RRSP contributions
  • Savings account for children's education
  • Account for joint expenses, car loan, etc.

The financial status of your projects can be checked at a glance. That way, you can better determine your future needs and the payment terms for each of your projects.

Example

Couple Homeowners

Eric and Jennifer want to become homeowners...

Find out more

All-In-One Banking is a financing solution that can be adapted to every project in your life

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All-In-One Banking provides you with savings on interest

 

Rates as at August 23, 2016 10:00 PM

Funds borrowed on the line of credit2

3.700% variable
(Corresponds to the prime rate55 + 1%)

3.700% variable
(Corresponds to the prime rate5 + 1%)

Mortgage loan portion2

n/a

Fixed or variable rate depending on the mortgage loan selected. 
View our current rates.

Interest credited on positive balances (Balances of $5,000 and over)

0.2503

0.2503

Fixed transaction fees

Main account

$6.00/month

Additional accounts

$6.00 per month per additional account

Electronic transactions

 Included to the fixed transaction fees

  • Client Card purchases (Interac® Direct Payment)
  • Cheques
  • Preauthorized debits (payments debited to your account, such as phone, cable, insurance, etc.)
  • Withdrawals, transfers, bill payment withdrawals at banking machines
  • Bill payments at banking machines
  • Transfers, bill payments via Digital Banking Solutions4
  • Transfers to another person
  • Enrollment in automatic inter-account transfer service (betweeen your accounts)
  • Automatic transfers between your accounts

Tax payments

$10.00
Payment of past due municipal or school taxes

Other changes

Your are responsible for the property appraisal fees and any legal fees.

 

1. Subject to credit approval by National Bank of Canada.

2. A maximum amount equivalent to 65% of the value of the property may be in the form of a line of credit, and the rest of the funding has to be in the form of a mortgage loan. For example, if the value of the property is $100,000 and you have an amount of $20,000 available for down payment (20% of the value of the property, which is the minimum required), the authorized credit limit of the All-In-One will be $80,000. However, of this $80,000, up to $65,000 will be in the form of a line of credit and the rest will be in the form of a mortgage loan.

3. Accounts with debit and credit balances are not set off against each other. Credit interest is calculated using the interest rate applicable to each tier for the portion of the credit balance included in that tier at the end of each day and is paid monthly on the account’s anniversary date. Interest rates and tiers are subject to change without notice. For example, if the total credit balance is $10,000, the first $5,000 will not earn interest but the next $5,000 will earn interest at 0.250 %.

Under $5,000 0%
$5,000 and more  0.250% 

4. Certain browser versions are required to access National Bank’s Internet financial services. For information about this, please read the Browser Requirements for Internet Financial Services section in the ABC’s of Security at: www.nbc.ca/browser.

5. The prime rate is the annual variable interest rate published by National Bank from time to time and used by the Bank to determine the interest rates on demand loans granted by it in Canadian dollars in Canada. 

® Interac is a registered trademark of Interac Inc.

   

1 Subject to National Bank credit approval. Certain conditions apply.
TM National Bank All-In-One is a trademark of National Bank of Canada.