Transfer your mortgage

Duration of the promotion

April 15, 2026, to November 3, 2026.

Conditions to qualify for the cashback offer

You must be a National Bank client and, with the help of a National Bank advisor, meet the conditions set out in Sections A and B below:

A – New mortgage loan

• During the promotion period, you must obtain approval for an eligible mortgage loan from National Bank for a closed term of 3 years or more at a fixed rate, or for a closed 5-year variable rate term (the “mortgage loan”). All-In-One™ home equity line of credit is excluded from this promotion.
• The mortgage loan amount must be $300,000 or more for a new purchase or transfer with National Bank.
• Term renewals or refinancing with National Bank are eligible for this promotion, subject to applicable financing ratios and conditions.
• The mortgage loan must be secured by a residential property with 1 to 4 units, owner-occupied.
• You must hold a personal chequing account with National Bank from which the pre-authorized mortgage payments will be withdrawn.

B – New investment assets

• During the promotion period, you and any co-borrower must deposit a total value of at least $50,000 in new assets into eligible investment products offered by National Bank (“new investment assets”) for a minimum of three (3) months.
• The value of the new investment assets is calculated by National Bank at the time the credit application is submitted for mortgage loan approval.
• Eligible investment products include registered (e.g., RRSP, TFSA, RESP, etc.) and non-registered savings plans, GICs, mutual funds, or the Cash Advantage Solution  opened with National Bank, National Bank Financial, National Bank Direct Brokerage, or National Bank Investments.
• Any other assets held in products not listed above are not eligible (e.g., high interest savings accounts or products offered by National Bank Private Banking 1859).
• You and any co-borrower must not have made any withdrawals from investment assets held with National Bank or its subsidiaries in the three (3) months preceding the submission of the credit application for mortgage loan approval.

If all conditions A and B are met, the cashback amount will be paid within two (2) days following the mortgage loan disbursement date. It will be deposited into the chequing account from which the mortgage payments are withdrawn.

Cashback of up to $1,500

The cashback amount varies based on the total value of new investment assets held or in the process of being transferred by the borrower and, where applicable, any co‑borrowers, at the time the credit application is submitted for loan approval, as well as on the type of mortgage, subject to the minimum requirements with National Bank.

Other conditions

• Mortgage loans are granted subject to National Bank’s credit approval.
• Only one (1) cashback amount may be granted per mortgage loan under this promotion, regardless of the number of co‑borrowers.
• This promotion may be combined with other cashback offers for eligible mortgage loans.
• You must maintain your mortgage loan for the entire term. In the following cases, you will be required to repay a portion of the cash‑back amount, prorated based on the unelapsed portion of the term: prepayment, renegotiation, refinancing, or transfer of the mortgage loan.
• You must not withdraw the new investment assets for a minimum period of three (3) months following the disbursement of your mortgage loan (“retention period”). If you breach this condition, you must repay the portion of the cashback corresponding to the retention period that did not elapse.
• Asset transfer fees of $15,000 or more from another financial institution may be reimbursed as part of the eligible investment product by the Bank up to a maximum value of $150 plus taxes. No refund for early redemption fees.
• In the event of a mortgage transfer to National Bank, you are responsible for all external fees, including property appraisal fees, notary fees, prepayment (“break”) fees, and any other applicable legal or administrative fees.
• This promotion is not retroactive.
• This promotion may be modified or withdrawn without notice.

The promotional offer is valid until November 3, 2026.

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.

Certain fees and procedures may be required to complete the transfer: 

• Property appraisal, if applicable 
• Consultation with a notary 
• A penalty from the original lender, if the term is still in progress 
• Legal and administrative fees are also applicable 

We advise you to consider transferring your mortgage 6 to 8 months before the maturity of your loan. This way, you'll avoid or reduce the prepayment penalty imposed by your current lender, depending on the terms of your contract.

A mortgage is a contract. Therefore, there may be fees and penalties for terminating the contract early, which you'll have to pay before you can transfer your mortgage to another lender.

Yes, we'll transfer your insured loan while maintaining all the terms of your current loan.

* Refers to standard rate. 

** Based on a mortgage loan of $350,000:

• With a 5-year closed term at a fixed rate.
• A 25-year amortization.
• An administration fee of $5.00 per month.
• An appraisal fee of $350.00. The appraisal fee is subject to change and may not be required as part of the appraisal process for your mortgage application. 

*** The variation is subject to change without notice.

1. Financing subject to credit approval by National Bank. Limited-time offer; rates are subject to change. Financing must be for a residential dwelling with 1 to 4 units. This mortgage offer cannot be combined with any other offer, promotion or advantage at National Bank. Employees of National Bank and its subsidiaries and entities are not eligible for this offer. National Bank reserves the right to end this offer at any time without notice. All details and conditions are available in branches.

2. The rate can be guaranteed for up to 120 days following receipt of the application.

3. Rates may differ if amortization is more than 25 years. Contact an advisor for more information.

4. APR as of ${p1.tauxDateJour|date:"-"}. APR means "Annual Percentage Rate" and represents the total interest and fees charged by the Bank, expressed as an annual percentage.

5. Certain restrictions apply.

6. The special offer on the variable rate is the base rate - spread (%) and is updated monthly. 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. 
"Base Rate" means the annual interest rate that the National Bank publicly announces from time to time as the reference rate used to establish the interest rate on Canadian dollar loans made by the Bank in Canada.

"Base Rate" means the annual interest rate that the National Bank publicly announces from time to time as the reference rate used to establish the interest rate on Canadian dollar loans made by the Bank in Canada.

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