Joint account: pros and cons
PROMOTION UNTIL NOVEMBER 15
Bank accounts
Open a chequing account with an eligible banking package and get $300 cashback
Offer for new account holders, certain transactions are required*
What is your current situation?
Select the option that best describes your needs.
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Newcomer
Just arriving or planning to settle in Canada.
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Student
Focusing on your studies with a limited budget.
0-17 years
Thinking about the future but not quite 18 yet
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18-24 years
Looking for services that fit your lifestyle.
Our banking offers for professionals
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Professionals
Law and business management, administration, engineering, teaching: find an offer adapted to your reality.
See professional offers
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Little details that matter
The promotional offer is valid from August 16 to November 15, 2021 (the "promotional period").
This offer is intended for anyone who does not have a National Bank chequing account.
The offer may be modified, extended or withdrawn without prior notice at any time. You must have reached the age of majority when you open your chequing account. Employees of National Bank and its subsidiaries and entities are not eligible.
The offer may not be combined or used with any other offer, promotion or benefit applicable to National Bank chequing accounts and banking packages and cannot be applied retroactively. There is a limit of one cashback per eligible product during this promotion. Clients cannot benefit from the offer more than once. Only the primary account holder is eligible for the offer. Joint account holders who open a new account are not eligible for this offer.
Eligible products
To be eligible for the offer, you must open a new chequing account linked to one of the eligible banking packages or offers described below and meet the conditions of the offer.
Eligible products |
Cashback offer |
|
$300 |
Conditions of the $300 cashback offer:
To obtain a $300 cashback, you must open a chequing account with an eligible banking package or offer during the promotional period, then meet 2 of the following 3 conditions:
- Carry out one bill payment of $50 or more via National Bank online.
- Set up a recurring automated direct deposit (salary or monthly pension).
- Set up a recurring pre-authorized payment on your National Bank mortgage from a National Bank account.
After the chequing account is opened, you have 60 days to meet all cashback offer conditions.
Timeframe for obtaining the cashback
If you meet the offer conditions, the cashback will be deposited into your new National Bank chequing account within 120 days of the account being opened.
Commitment
To be granted the cashback, you must maintain the eligible products and services and not make any changes related to these products and services for a minimum of 12 months from the time you open the chequing account. If you do not meet this condition, you will have to refund National Bank an amount corresponding to the period in which you did not keep your eligible products and services, within 30 days of receiving the request for payment.
Clients who have benefitted from a cashback offer on a chequing account November 1, 2018 are not eligible for this offer.
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1. Transactions carried out at our ABMs, a participating merchant, through our online banking services (including our call centre) or those related to certain operations in your account.
2. Transactions carried out at our branches during normal business hours.
Guide to transferring your account to National Bank
Have you just opened an account with us and you must transfer all your preauthorized transactions? Here is a guide to help you keep track of everything.
Passbooks
The passbook option has not been available to new clients since May 4, 2015. If you are an existing client who uses a passbook with your account, a $2.50 monthly fee is charged.
Fees
For the fees associated with our products and services, consult the Fee Guide [PDF].
Contract governing personal deposit and investment accounts
For more information on the terms and conditions governing your new account, consult the Contract governing personal deposit and investment accounts document [PDF].
Basic banking services
For the terms and conditions governing whether a person may open an account or cash cheques and other items from the federal government, consult our guide to Basic Banking Services [PDF].
Access to funds policy
For details of our cheque hold policy, see the Access to Funds Policy [PDF].
Coercive tied selling
To understand what coercive tied selling is and what is not allowed, consult our pamphlet What you need to know about coercive tied selling [PDF].
Canada Deposit Insurance Corporation
Please refer to our page about Canada Deposit Insurance Corporation (CDIC)
FCAC account selector tool
Discover the Financial Consumer Agency of Canada (FCAC)’s account selector tool to compare bank accounts.
