Offer for teachers

1. Subject to credit approval by National Bank. The discount is offered to holders of a National Bank Platinum, World Mastercard^® or World Elite® Mastercard credit card. The $1,330 in annual savings is provided as an example only to illustrate what a holder could save with the offer. It is based on the typical profile of a client who has the following products: two bank accounts equivalent to The Total^® package, with the individual SECURIZONE 2.0 product, a World Elite^® Mastercard® credit card, a National Bank All-In-One^® home equity line of credit with an annual balance of $150,000, and has a good credit rating.

Savings are calculated as follows: No monthly fee for transactions included in the The Tota^® package (annual savings of $694 for two active chequing accounts), plus an annual discount on the individual SECURIZONE 2.0 product (annual savings of $36), plus an annual discount of 0.50% on the All-In-One line of credit rate (annual savings of $750), plus no fee for the Mastercard World Elite credit card for the first year (savings of $150). These savings represent the difference between what a client with the offer and a client without it would pay. Certain conditions apply. Potential savings may not reflect the net savings that you will receive; this amount will vary based on your financial situation.

2. Bank account with chequing privileges. Certain services, such as the passbook and paper statement by mail, are not included. Included services and fees for unrelated services are indicated in our Fee Guide.

3. Subject to credit approval by National Bank of Canada. Certain conditions apply.

4. 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.

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

6. 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.

Examples of credit charges

Example of credit charges over a 30-day period

*Variable interest rate in effect on September 1, 2021

7. Balance transfer and cash advance are subject to credit approval by National Bank. Each balance transfer must be at least $250.

8. Preferred monthly pricing of $2.95 (individual) or $4.45 (family) plus taxes for SECURIZONE 2.0, $4.95 (individual) or $7.50 (family) plus taxes for SECURIZONE Alert, or $14.35 (individual) or $20.75 (family) for SECURIZONE Assistance. This represents a discount of 50% off SECURIZONE 2.0 and SECURIZONE Alert, and 20% off SECURIZONE Assistance. The preferred rates for holders of National Bank's privilege offers will remain in effect for as long as you're eligible for an offer. If you no longer have a privilege offer, the regular monthly pricing of $5.95 $ (individual) or $8.95 (family) plus taxes for SECURIZONE 2.0, the regular monthly pricing of $9.95 (individual) or $14.95 (family) plus taxes for SECURIZONE Alert, or the regular monthly pricing of $17.95 (individual) or $25.95 (family) plus taxes for SECURIZONE Assistance will apply.
  
NBC Assistance Inc. and National Bank can terminate or change the duration and preferred rate of SECURIZONE products for holders of National Bank's privilege offers at any time, with 30 days' notice prior to the effective date of the amendment. This notice will contain the new and amended clause, the old clause that was amended (if applicable), and the effective date of the amendment. If you do not agree to the changes, you can cancel the program with no penalty by sending us a notice no later than 30 days after the changes come into effect.

9. The potential annual savings of $90 is an illustration of what can be obtained by a holder who subscribes to the SECURIZONE Family Plan Alert product. The savings were calculated as follows: 50% off the regular monthly rate of $14.95 plus taxes ($7.50 x 12 months = $90). These discounts represent the difference between a client who is not part of the offer and a client who is part of the offer. Certain eligibility criteria apply.

10. Subject to credit approval by National Bank. Upon receipt of each statement, the borrower must pay a minimum instalment to the Bank that corresponds to the sum of the interest and insurance premiums charged to the account for the period covered by the statement, and any other amount required to ensure the account's debit balance does not exceed the credit limit. This minimum instalment must be made without using the line of credit.

11. This offer must be renewed annually on presentation of identification and proof of professional status.

Monthly account statement. No management fees. The Personal Flex Line rate is established by the prime rate, plus a spread established by the client’s credit history. As a guideline, the applicable rate for a typical Personal Flex Line is comprised of the prime rate + 2.75%. 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 March 31, 2020.

The typical Personal Flex Line is a faithful representation of all Personal Flex Lines of Credit offered by National Bank. Note that the Prime rate can change. For more information on the current rate, please visit nbc.ca/primerate.

12. Subject to credit approval by National Bank. Interest rate on the All-In-One (line of credit portion) as at October 25, 2018: 2.45% + 1%.

This rate is variable and corresponds to Prime + 1%, and is one of the lowest rates on the market. "Prime" means the annual variable interest rate posted by National Bank from time to time, used by the Bank to determine the interest rates on the demand loans it grants in Canadian dollars in Canada. Consult the prime rate webpage to find out the day's rate.

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.

13. Financing subject to credit approval by National Bank. Certain conditions apply.

14. 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.

®THE EXCHANGE is a registered trademark of Fiserv Inc. 

®Mastercard, World Mastercard, World Elite and Platinum Mastercard are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank.

®The Personal Flex Line, the All-In-One and THE TOTAL are registered trademarks of National Bank of Canada.

®SECURIZONE is a registered trademark of National Bank of Canada used by NBC Assistance Inc.

®Interac is a registered trademark of Interac Inc. Used under licence.

National Bank Direct Brokerage (NBDB) is a division of National Bank Financial Inc. (NBF), as well as a trademark owned by National Bank of Canada (NBC) that is used under license by NBF. NBF is a member of the Investment Industry Regulatory Organization of Canada, the Canadian Investor Protection Fund, and is a subsidiary of NBC, a public company listed on the Toronto Stock Exchange (TSX: NA). NBDB provides order execution only services and makes no investment recommendations. Clients are solely responsible for the financial ant tax consequences of their investment decisions.