Offer when you open a bank account 

1. Applicable conditions:

• For all packages: discounts are applied upon presentation of supporting documents.
• For The Modest, The Connected and The Total: the Student discount is for full-time students, aged 18 to 24 inclusively, attending a post-secondary institution, upon presentation of identity documents (proof of age), proof of full-time student status (proof of registration, course schedule or transcripts). Only for individual account holders. The package is validated annually by presenting the above documents.
• For The Minimalist package: No fees for Young people aged 0 to 17 upon presentation of identity documents (proof of age); no fees for Student aged 18 to 24 upon presentation of identity documents (proof of age) and proof of full-time student status (proof of registration, course schedule or transcripts); no fees for Seniors aged 65 and over upon presentation of eligibility for the Guaranteed Income Supplement; no fees for beneficiaries (aged 18 and over) of a Registered Disability Savings Plan (RDSP) upon presentation of proof of eligibility for an RDSP. To continue benefiting from no-fee banking, students must renew their package annually by presenting the above documents.
  

2. 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.

3. Transactions carried out at our branches during normal business hours.

4. If you do not have one of  the packages (The Connected, The Total, The Modest, The Minimalist, or the offer for professionals or students) or if you exceed the number of transactions included in your package, a fee of $1 may apply when you send money via Interac e-Transfer. The transfer must be sent to a bank account held at a participating Canadian financial institution. Refer to the Guide to Personal Banking Solutions for more information.

5. The cashback on the annual fees for a Mastercard credit card can only be applied one time, at enrollment. 

TM THE CONNECTED and THE TOTAL are trademarks of National Bank of Canada.

® THE MODEST, THE MINIMALIST and NATIONAL BANK are trademarks of National Bank of Canada.

® Interac and Interac e-Transfer are registered trade-marks of Interac Corp. Used under licence

® MASTERCARD is a registered trademark of Mastercard International Inc. Authorized user: National Bank.

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.