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Offer for engineering students

A smart way to save

Apply

At a glance

Up to

$717

in annual savings1

1 bank account3

with no monthly fee


 

Platinum2

credit card

Student

line of credit4

Enjoy great benefits

  • Offered to students enrolled full-time in an engineering program at a Canadian university.

The perks in detail

Step 1 icon

A bank account with no monthly fee

Get a Canadian or U.S. dollar account with no monthly fee.

Advantages

• Unlimited ABM and online transactions
• Unlimited Interac e-Transfers®
• 100 personalized cheques free of charge
• Overdraft protection
• Access your account from anywhere in Canada via THE EXCHANGE® ABM network
• Manage your finances through our mobile app or online platform

Step 2 icon

A Platinum Mastercard® credit card

$0 annual fee for the first 3 years ($89 annual fee from 4th year)

20.99% purchase rate

22.99% balance transfer and cash advance rate5-6

Advantages

  • Travel rewards
  • Up to 1 point per dollar spent7
  • Comprehensive travel insurance8
  • Vehicle rental insurance


View card details

*The regular annual fee will be billed automatically three years after the card is issued. 

Step 3 icon

A line of credit with preferential terms and conditions

Our student line of credit9 helps you cover unexpected expenses.

Great rate

Prime rate10 + 0.25%

${p5.ingenieur|percent}

No management fees11

Advantages

  • No principal or interest payments until 12 months after the end of your studies
  • Repaid credit can be reused as needed
  • Your credit limit is established based on your needs and program of study

See our student line of credit

Magic wand tip icon

Tip

Did you know that by signing up for the student offer, you could transfer your student line of credit to the National Bank for up to 6 months after the end of your studies and still benefit from the advantages?12

It’s never too soon to start saving and investing

Picto growing up

Short-term savings

With a high-interest savings account you can access your funds at any time. 

See savings account

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Personalize your savings strategy

To find the best investment portfolio in line with your objectives with the help of our experts.

Discover NATgo

Logo National Bank Direct Brokerage

Manage your investment  accounts independently 

To take control of your investments with powerful tools and a dedicated team of experts. 

Discover National Bank Direct Brokerage

Services  designed for you

Access to a virtual clinic

We actively support your health and well-being. That’s why we’re offering you access to Dialogue, a virtual healthcare service platform available anywhere, anytime. 

Discover telehealth services

 

Benefit from legal assistance

In partnership with FBA Solutions, access lawyers by phone and get legal information in many areas.

Discover legal assistance

 

Take precautions against identity theft and fraud with SECURIZONE

Benefit from preferential pricing with a 50% discount on SECURIZONE® products. Take advantage of tools and products to improve your security and get assistance in the event of identity theft and fraud.

Discover the SECURIZONE program

Engineering student in a factory

Providing support throughout your career

Professionals

Are you a graduate? Save on your transactions and get a great rate on a line of credit and a mortgage with the offer for engineers and engineering graduates.

See offer

Business banking

Have you completed your studies and want to open your own firm? Get financing11 and benefit from tools and advice to simply your HR management with our offer for entrepreneurs.

See offer

National Bank is a proud partner of

Ordre des ingénieurs du Québec logo
Association des diplômés de Polytechnique logo
Réseau ÉTS : Association des diplômés logo

Little details that matter

Eligibility criteria

  • Be a full-time student in Canada.
  • Visit the branch once a year to update your file. Show two pieces of ID, proof of full-time student status and your most recent transcript.
  • Have an eligible bank account12.

Student line of credit rate

Prime (P) = ${p1.tauxBase|percent:"true"}

  Rate
Stutent Lines of Credit
P + ${p1.ecart|percent:"true"} = ${p1.taux|percent:"true"}

Legal disclaimers

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

®THE EXCHANGE is a registered trademark of Fiserv Inc.

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

® THE TOTAL is a registered trademark of National Bank of Canada.

1. Subject to credit approval by National Bank. The $717 in annual savings is provided as an example only to illustrate what a holder could save with the offer. It is based on the profile of a client who has the following products: The Total® package or equivalent (The Total® is available for a $16 monthly fee to full-time post-secondary students between the ages of 18 and 24 years old; other accounts and offers are also available) and a student line of credit with a $30,000 limit authorized by the Bank with a guarantor.

Savings are calculated as follows: No monthly fee for transactions included in The Total® package (annual savings of $192), plus an annual 1.75% rate discount for the Student Line of Credit (annual savings of $450). These savings represent the difference between what a client with the package and a client without it would pay. Certain eligibility conditions apply. Potential savings may not reflect the net savings that you will receive; this amount will vary based on your financial situation.

2. Subject to credit approval by National Bank of Canada. Certain conditions apply. Two years after the card is issued, the regular annual fee in effect will automatically be charged to the account. Offer cannot be renewed.

3. A chequing account. Some services such as the passbook and paper statement by mail are not included.

4. Subject to credit approval by National Bank. Certain conditions apply. A guarantor who satisfies National Bank's criteria may be required. The annual amount is based on your personal budget needs.

5. 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:

Annual interest rate
Average balance
$500 $3,000
20.99% $8.63 $51.76
22.99% $9.45 $56.69

6. Subject to credit approval by National Bank. Each balance transfer must be at least $250.

7. Certain restrictions apply. Please consult the applicable rules governing reward points under Rewards plan.

8. This coverage applies to purchases and rentals charged in part to the card, except out-of-province medical/hospital insurance for which the travel arrangements need not be charged to the card, and lost or delayed luggage insurance where all transportation costs must be charged to the card. This coverage applies to the primary cardholder, his/her spouse and/or dependent children when they (spouse and/or dependent children) travel with the primary cardholder. Extended warranty coverage applies to most new articles purchased with the card, in Canada or abroad, as long as the manufacturer's warranty is valid in Canada. Certain conditions and restrictions apply. For more information and for details of your insurance coverage, please consult the insurance certificate associated with your card.

9. Subject to credit approval by National Bank.

The regular rate for a line of credit is the prime rate* + 3%, which corresponds to 6.95% ( ${p1.tauxBase|percent:"true"} + 3%) as at October 25, 2018. As the applicable rate is based on the prime rate, it may fluctuate over time. No management costs. Account statements are produced monthly. Interest accrues as soon as an amount is drawn on the line of credit. Students must start repaying the principal when they have a full-time job or within 12 months of the end of their studies.

*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 Canadian dollars in Canada. Consult the prime rate webpage to find out today's rate.

Examples of credit charges calculated for a period of thirty (30) days for the student line of credit based on the rate in effect on September 8, 2017.

 

  Average balance
$5,000 $15,000
Prime rate + 3.00% (6.20%)
$25.48 $76.44

10. 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.

11. Monthly account statement. No management fees. The applicable rate for a Student Line of Credit is established by the prime rate, plus a spread, depending on if the client must provide a guarantor or not. As a guideline, the applicable rate for a typical Student Line of Credit with a guarantor is comprised of the prime rate + 2%. The applicable rate for a typical Student Line of Credit without a guarantor 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:

  Average Balance
$500 $3 000
Typical Student Line of Credit with guarantor $1.83 $10,97
Typical Student Line of Credit without guarantor $2.14 $12.82
Prime rate + 0.25% (2.70%) $1.11 $6.66

12. Subject to credit approval by National Bank. Transfer is possible during and after completion of studies. To maintain student benefits, the transfer of the line of credit to the National Bank must be made no later than 6 months after the end of studies. You must provide proof of attendance from your post-secondary institution located in Canada (last available proof if the transfer is at the end of your studies) and your latest transcript showing successful completion. The usual conditions for the student line of credit also apply to the transfer, with the necessary adjustments.

13. Subject to credit approval by National Bank.

14. National Bank reserves the right to cancel the savings and benefits offered as part of the offer for professionals at any time, without prior notice, if the client closes his eligible bank account or Mastercard credit card and replaces them with an ineligible account or Mastercard credit card.

Ready to apply for the package?

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