BUSINESS LINE
Are you looking for a line of credit with a variable interest rate for your business? Choose the MasterCard Business Line* the line of credit on a card1. You’ll get convenient easy access to your funds through the card and through Business Line cheques. The MasterCard Business Line: a line of credit designed to meet the payment and financing needs of your business.
An interest rate that can be as low as prime + 1%
With Business Line, you could benefit from an attractive interest rate made up of the National Bank Prime Rate** plus an adjustment rate. This means that the interest rate your business qualifies for will define just how significant your savings will be.
Issuing of cheques
When the time comes to pay invoices, you will never be taken by surprise. With your Business Line, you can at all times write cheques2 to settle business invoices. Cheques are available to you free of charge.
No-fee overdraft protection
If you hold a commercial account with National Bank, you can apply for overdraft protection free of charge. By linking your Business Line to your commercial account, you will be protected against overdrafts and associated costs.
Access to commercial accounts
With MasterCard Business Line, you can link your National Bank commercial accounts and access them through your card. It will then be easy and convenient for you to transfer funds from one account to another using National Bank automated banking.
Pre-authorized debit
Pay recurring bills with your Business Line by allowing your suppliers to make pre-authorized debits.
Sign up for pre-authorized debit service
Cash advances at an advantageous rate
Obtain cash advances anywhere in the world that you have access to automated banking simply by getting a personal identification number (PIN) for your Business Line card. The interest rate applied will be that in effect on your Business Line.
Zero Liability
Your business will not be held responsible for unauthorized use of your Business Line card in case of theft, loss or fraud. No additional insurance premium applies to this benefit.
MasterCard Global Service
In case of loss or theft of your card while abroad, MasterCard Global Service can help you no matter where you are, thanks to a toll-free number. An advisor will answer your call and offer the assistance you need:
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report loss or theft of your card
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issue a temporary replacement card
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grant cash advances in a matter of hours, almost anywhere in the world
1Annual fee of $50 applies to the first card. Each additional card is free.
2Fees for the use of cheques apply.
*Subject to credit approval by National Bank of Canada.
**National Bank Prime Rate means the annual variable interest rate that the Bank makes public from time to time as the benchmark interest rate for Canadian dollar demand loans granted by it in Canada.
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