Build your mortgage offer

The promotional offer is valid until October 31, 2023. The loan must be disbursed within 90 days of receipt of the client’s application for a mortgage loan from National Bank. The mortgage loan must have a fixed or variable rate and a term of 4 years or longer at the promotional rate in effect and as announced on National Bank’s website. The loan must be for an owner-occupied residential dwelling with 1 to 4 units. There is a limit of one cashback per mortgage loan.

Cashback up to $3,000:

The cashback amount varies according to the mortgage loan amount.

· $1,000 cashback for mortgage loans from $100,000 to $249,999

· $1,500 cashback for mortgage loans from $250,000 to $499,999

· $2,000 cashback for mortgage loans from $500,000 to $749,999

· $3,000 cashback for mortgage loans of $750,000 or more

If all conditions are met, the cashback will be granted within 2 days of the date the loan is disbursed. Mortgage loans are subject to credit approval by National Bank.

You must maintain your mortgage loan for the duration of the term; otherwise, you will be required to reimburse a portion of the cashback received, in proportion to the term remaining.

The promotional offer is valid until October 31, 2023.

This offer applies to Personal Banking clients of National Bank who take out a mortgage loan of $100,000 or more during the promotional period and sign up for 3 or more types of insurance coverage (life, disability, and critical illness). The amount of the cashback varies depending on the amount of coverage taken out by the borrower and their co-borrowers, if applicable, and the amount of the loan covered by life insurance. The client must sign up for mortgage loan insurance when the loan is granted or, at the latest, when the loan is disbursed. The mortgage loan insurance application must be signed during the promotional period.

This offer applies to a new purchase, external refinancing, or mortgage transfer. Mortgage renewals, internal refinancing, and mortgage renegotiations are excluded from the offer. Financing must be for a residential dwelling with 1 to 6 units. 

The cashback amount can be up to $1,000.

Amount covered by life insurance from $100,000 to $399,999.99

Amount covered by life insurance of $400,000.00 and more

If all conditions are met:

· The first half of the cashback will be awarded during the month following the loan disbursement.

· The remaining half of the cashback will be awarded no later than 6 months after the loan disbursement.

The cashback will be deposited in two (2) portions to the transaction account from which mortgage payments are collected, within 30 days of the conditions being met. No insurance claim must have been accepted for your loan within the first 6 months of disbursement for all insured persons under the agreement. To benefit from the full cashback, the client must keep all the coverage to which they subscribed at disbursement for 6 months after the loan is disbursed and must be up to date with their mortgage payments.

The offer may be modified, extended, or withdrawn without prior notice at any time. The offer may not be combined with any other National Bank offer, promotion, or benefit, other than the ones mentioned in this leaflet, and cannot be applied retroactively. There is a limit of only one cashback per eligible mortgage for the duration of the promotion, regardless of the number of co-borrowers. Clients cannot benefit from the offer more than once.

The promotional offer is valid from February 1, 2023, to October 31, 2023 (the “promotional period”). The offer is intended for clients who do not have a personal chequing account with National Bank and who haven’t held one since February 1, 2021. To qualify, you must open a chequing account and sign up for an eligible product during the promotional period. You must have reached 14 years of age when you open your account. 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. The cashback amount will vary based on the conditions that have been met:

1. Open your first chequing account and sign up for one of the following banking offers or packages:

• Exclusive offers

• Banking Offer for Newcomers to Canada

• The Connected® banking package

• The Total® banking package 

Sign up for your online bank and receive your account statements and tax slips online.

2. Get $300

Set up an automated recurring direct deposit of your salary or monthly pension to your new chequing account.

3. Get $100

Set up a recurring pre-authorized payment on your National Bank mortgage from your new chequing account.

4. Get $50

Open a High Interest Savings Account at the same time as you open a new chequing account linked to one of the eligible banking packages. 
 

Deposit at least $3,500 to the account and maintain a minimum balance of $3,500 for 90 days after opening.

* Conditions 2, 3 and 4 listed above may be met individually and/or combined. Therefore, clients can get a total cashback of $50, $100, $150, $300, $350, $400 or $450, depending on the conditions met. 

Cashback conditions: 

After opening your new chequing account and choosing an eligible product, you must: 

• Sign up for your online bank and receive your account statements and tax slips online.

• Open a High Interest Savings Account at the same time as you open a chequing account to get the $50 cashback. 

• After the chequing account is opened, you’ll have 120 days to meet all cashback offer requirements. You’ll get the cashback only if you don’t have a High Interest Savings Account with National Bank and haven’t held one since February 1, 2023. If you meet the offer conditions, the cashback will be deposited into your new National Bank chequing account within 150 days of the chequing account being opened. 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 after signing up for them. If you do not meet this condition, you’ll 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.