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Student Advantage

When all your energies are devoted to your studies; it’s not rare that financial means are scarce and no time is left to think about your personal banking needs. That’s why Laurentian Bank offers students a solution tailored to their needs.  


What is the student advantage?

This is a special advantage that includes many privileges, available only to students between the ages of 16 and 25 and enrolled in a full-time study program. As such you may benefit a $8 discount on the regular monthly fee of one of the selected plans: Transact a lot, Transact without limit and The Gold Service.

That’s not all! This offer also includes custom-made financing for all your needs. This includes a student line of credit to pay for your tuition fees and other related expenses, a Visa* Black or Visa Black Reward Me card to help you build your credit history. The easy budgeting and acceptance levels are tailored to the financial reality of today’s students.

CHARACTERISTICS
To be eligible
  • Be between the ages of 16 and 25
  • Be enrolled full-time in a recognized establishment (proof required)
Specifics
  • Give access to financial privileges exclusively for students
  • Offers a rebate up to $8 monthly rebate on the regular monthly fee of one of the selected plans:
Plans Transact a lot Transact without limit The Gold Service
Reduced monthly fee1 Free $5.75 $21.00
Maximum number of free transactions per month2 20 transactions Unlimited Unlimited
Allowable transactions and other privileges2 Details
Privileges in attrition to those listed under the Transact a lot plan:
  • Paper bank statement: free
Details Details
Financial privileges2
  • Student line of credit3 (financing starting at $1,500, and only the interest must be paid while studying)
  • Visa4 Black credit card for students (no annual fee, more flexible eligibility criteria, ideal to build a credit history, practical for online purchases, advances of available funds, the Reward Me option at $3.50 per month or free when making more than $350 in net purchases during the month5, a perfect option to collect points that can be exchanged for gift certificates at more than 80 retailers.)


Summary

This program is suited for you if:

  • You are aged between 16 and 25 years of age;
  • You are enrolled in a full-time study program.


This program is not suited for you if:

  • You are older than 25 years of age and/ or are not a student.

 

* Trademark of Visa International Service Association and used under license.

Legal notice

1. Fee schedule in force as of July 19, 2019, subject to change. Regular fees apply to transactions exceeding the limit provided by the banking plan. To learn the current fees, consult our guide My Money.
2. Banking fees apply on all services used that are not included in the plan or program. Financial benefits are available only to clients aged 18 and over.
3. Subject to credit approval. An endorser's signature is required.
4. Subject to credit approval. For more information on Laurentian Bank Visa cards, including all information on credit rates, when interest goes into effect or the grace period and the amount of fees unrelated to interest, call 514-252-1846 (Montréal and area) or 1-800-252-1846 (toll free).
5. $350 in net purchases per billing cycle is required to obtain the reimbursement of the monthly fee. Cash advances, Visa cheques, fees (including monthly fees, charges of non-sufficient funds (NSF) cheques, etc.) balance transfers and transactions at automated banking machines are not deemed eligible purchases.

 

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