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[National Bank] Get up to $350 when you open a National Bank chequing account

  • Last Updated:
  • Oct 19th, 2020 10:29 am
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[OP]
Member
May 30, 2017
444 posts
220 upvotes

[National Bank] Get up to $350 when you open a National Bank chequing account

Deal Link:
Expiry:
November 30, 2020
Retailer:
National Bank
More offers from National Bank
Open The Total account and complete the conditions to receive $350 in cashback ($25.95/month or $0 with a balance of $6000+)

Open a Connected Account and complete the conditions to receive $300 cashback. ($14.95/month or $0 with a balance of $4500+)

1st Cashback conditions.

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

Sign up to online banking and to online bank statement

Carry out at least one transaction in your chequing account (Interest and banking fees charged to the account are not considered eligible transactions.)

Conditions to obtain the additional cashback.

You must:

Set up one (1) recurring and automatic direct deposit of your payroll or monthly recurring pension

You benefit of 60 days following the chequing account opening to meet the offer conditions and obtain the cashback.

Cashbacks will be done in one (1) deposit in your new National Bank chequing account within 120 days of the opening date of your chequing account.

Commitment:

To be granted the cashback, 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 will have to repay to the 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. 

Clients who have benefit from a cashback offer on their chequing account since November 1st 2017 are not eligible to this offer
Last edited by TomRFD on Oct 17th, 2020 10:12 am, edited 1 time in total.
Reason: cleaned up URL
14 replies
Member
Mar 14, 2009
380 posts
469 upvotes
Toronto
Anyone know if you can open without a branch visit?
Member
May 20, 2006
254 posts
370 upvotes
Edmonton
dillybravo wrote: Anyone know if you can open without a branch visit?
Yes you can open an account online as long as you connect it to an account at another bank. The better question would be if you can close the account without visiting a branch as all their FAQ says about closing an account is to visit a branch.
Deal Addict
Mar 13, 2012
1313 posts
792 upvotes
Near You
looks like the usual 300 or so for opening an account for 12 months. Not a bad return. Guess I'm in for one.

Thanks, OP!
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Jr. Member
Aug 22, 2012
173 posts
149 upvotes
I don't have a branch near me, can I do everything online or is picking up a debit card required?

Also how long do the recurring direct deposits have to be deposited? After the bonus, or for the full 12 months?
To be granted the cashback, 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 will have to repay to the 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. 
Wondering if this means keeping recurring direct deposits going too. Most banks require it for only 2-3 months
Deal Fanatic
Aug 5, 2006
5287 posts
2403 upvotes
Global Village
Warning, NBC has historically been difficult to deal with for unpaid bonuses. Anyone signing up for this should keep track of dates when they completed all requirements and promptly escalate if their bonus hasn't been paid within 120 days.
All day I dream about sports
Deal Addict
Nov 15, 2006
1705 posts
432 upvotes
I got my bonus easily but closing the account was troublesome for me.
First of all, most of the branches only open til like 3pm (wtf???) and then when I managed to go to one during lunch hour and close it, I get a message saying I have a negative balance due to unpaid monthly fees a month and 2 months later. Apparently they had not clicked on the final confirmation button or something the first time I tried to cancel it lol.

350$ is still 350$ so I will probably try it again when I become eligible again in 1.5 yrs but just wanted to share my experience from last time.
Newbie
Aug 17, 2019
11 posts
3 upvotes
The sign up website asked for my debit card expiration but it was never given to me. Anyone else figure this out?
Newbie
Aug 17, 2019
11 posts
3 upvotes
jdilly69 wrote: The sign up website asked for my debit card expiration but it was never given to me. Anyone else figure this out?
I'm on hold with them right now and they seem just as confused as me
Jr. Member
User avatar
Apr 25, 2016
129 posts
85 upvotes
yow
I had lots of problems with their last $300 promotion. As others have said hard to close the account and I also got dinged account fees because they did not close account properly. The people in branch only work until 3pm and seemed to care less as to them I should be happy I got the $300. Not worth the aggravation IMO.
Newbie
Aug 17, 2019
11 posts
3 upvotes
jdilly69 wrote: I'm on hold with them right now and they seem just as confused as me
apparently you dont need to sign up for online banking within 1 hour even though the email said so. The agent said just to sign up when i get my card in the mail. i better get this 350!
Member
Dec 20, 2018
203 posts
316 upvotes
I don't know if this is of any consequence, but it seems a little telling of how they operate and what people have experienced.

I'm looking under The Total account and it was not fully translated into English. Sloppiness.
Member
Jun 12, 2015
340 posts
95 upvotes
Mississauga
jessicacha wrote: I got my bonus easily but closing the account was troublesome for me.
First of all, most of the branches only open til like 3pm (wtf???) and then when I managed to go to one during lunch hour and close it, I get a message saying I have a negative balance due to unpaid monthly fees a month and 2 months later. Apparently they had not clicked on the final confirmation button or something the first time I tried to cancel it lol.

350$ is still 350$ so I will probably try it again when I become eligible again in 1.5 yrs but just wanted to share my experience from last time.
Don't you have to keep it open for the 12 months? They may Clawback the offer
Newbie
Aug 8, 2011
81 posts
73 upvotes
Vancouver
Wow these accounts are so much worse than the ones from the other big banks. No free unlimited etransfers on the second highest tier account?
Deal Addict
Nov 15, 2006
1705 posts
432 upvotes
Tigre1215 wrote: Don't you have to keep it open for the 12 months? They may Clawback the offer
I meant that 1 month and 2 months after I closed my account, the account was still open. So at 13th and 14th months.

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