Privilege and Privilege Plus: a tool for building staff loyalty
The Privilege Program1
For a fixed monthly rate, you can carry out an unlimited number of banking transactions on your account without having any unwanted surprises at the end of the month. These transactions can be made in branch, at a Laurentian Bank automated banking machine or through LBCDirect* services (Internet and phone). For only $7.50 per month ($0.25 per day), you can take advantage of a complete range of banking services.
This program includes, at no charge:
- Transactions on your account (withdrawals, cheques, funds transfers, account operation)
- Bill payment in branch
- Purchase transactions by INTERAC® Direct Payment
- No usage fees for overdraft protection2,3
- The quarterly Super Statement† - your personal statement at a glance!
- Personalized cheques4
- Certified cheques, official cheques and money orders
- Cheque stop payment (with complete details)
The Privilege Plus1 program
For a fixed rate of $13.00 per month, Privilege Plus includes all the advantages of the Privilege program, and adds access to other exclusive services.
- Unlimited use of automated banking machines on the Interac® and Plus® networks around the world
- Personal line of credit with a minimum credit limit of $1,500, with none of the regular transaction fees2,3
- Visa*6 EXPLORE credit card with no annual fees2 for your employees and their spouses (spousal card)
- Discount of 1% on commission fees on the purchase of American Express® Travelers Cheques for two
- The monthly Super Statement with no fees
- Free drafts in Canadian dollars or foreign currency
Spread the word to your employees!
As shown in the table of advantages , you can save approximately $546.48 per year (or $45.54 per month) with the Privilege program and $752.40 per year (or $62.70 per month) with the Privilege Plus program.
| TABLE OF ADVANTAGES** | |||
|---|---|---|---|
| SERVICES (Note that the more transactions you make, the more you save) |
REGULAR FEES | PRIVILEGE | PRIVILEGE PLUS |
| 4 withdrawals in branch | $8.00 | Included | Included |
| 6 withdrawals from an LBC automated banking machine | $6.00 | Included | Included |
| 15 INTERAC® Direct Payment transactions | $18.75 | Included | Included |
| 2 bill payments in branch | $8.00 | Included | Included |
| 3 bill payments at an LBC automated banking machine | $6.00 | Included | Included |
| Order of 100 personalized cheques for the year (over 12 months) | $5.37 | Included | Included |
| 2 cheque stop payments per year (over 12 months) | $2.17 | Included | Included |
| 1 certified cheque per year (over 12 months) | $0.84 | Included | Included |
| 2 bank drafts per year (over 12 months) | $1.25 | Included | Included |
| Overdraft protection (usage fees)3 | $5.00 | Included | - |
| Quarterly Super Statement | $0.84 | Included | - |
| MONTHLY FEES** | $62.22 | $7.50 | |
| MONTHLY SAVINGS | $54.72 | (monthly fixed cost) | |
| Line of credit (5 debit transactions) | $5.00 | - | Included |
| Monthly Super Statement | $2.50 | - | Included |
| 4 INTERAC network automated banking machine transactions | $6.00 | - | Included |
| Visa card (over 12 months) | $9.16 | - | Included |
| MONTHLY FEES** | $84.88 | $13.00 | |
| MONTHLY SAVINGS | $71.88 | (monthly fixed cost) | |
| OTHER BENEFITS | PRIVILEGE AND PRIVILEGE PLUS |
|
|---|---|---|
| Free mortgage appraisal fees for a residential property 1 to 4 units8 represents savings of: | up to $400 | |
| Bonus of 0.5% on the term deposit rate. For example, a guaranteed investment certificate (GIC) of $10,000 invested for a 5-year term at a compound interest rate represents an interest saving of: (example based on an improved rate of 2.7%, i.e 2.2% plus 0.5%) | $275.42 | |
|
ANNUAL SAVINGS
|
PRIVILEGE
|
PRIVILEGE PLUS
|
|
RRSP with no annual fees, for a saving of: |
$30
|
$30
|
Advantages you can bank on!
- Discount of 1% on fixed- or variable-rate personal loans2
- Free mortgage appraisal fee, up to $400, for a residential property of 1 to 4 units2,8
- Bonus of 0.5% on guaranteed investment certificates and term deposits (registered or not)9
- RRSP with no annual fees
- Discount of $50 on a self-directed RRSP10
Want to learn more about our Privilege and Privilege Plus programs? Don’t hesitate to contact the Laurentian Bank for your questions or comments. It would be our pleasure to help you: 1-877-522-3863.
* Trademark of Visa International Service Association and used under license.
† Trademark of Laurentian Bank.
Legal notice
1. The advantages of the Privilege and Privilege Plus programs cannot be combined with any other Laurentian Bank offer. All the advantages offered as part of these programs are subject to certain conditions.
2. Subject to credit approval by the Laurentian Bank.
3. Regular interest charges apply.
4. Model Securitone in the Privilege Plus program catalogue and ‘Exclusive’ model for the Privilege program.
5. Regular format.
6. 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).
7. Subject to availability.
8. The Bank will pay the appraisal fee up to $400 for a residential property of 1 to 4 units (owner-occupied), for a new mortgage of $100,000 or more, a minimum term of 4 years and an amortization period of 15 years minimum.
9. Excluding special promotions as well as the Multi-Rater GIC, Redeemable TD, Reinvestible GIC and ActionGIC or other indexes.
10. Reduced charges apply only to self-directed RRSPs held with full-service brokerage firm Laurentian Bank Securities Inc. and do not apply to self-directed RRSPs held with Laurentian Bank Discount Brokerage .
** Example based on “The Operations Account”. Fees used in the example are those in effect as of November 1 2012.
® Registered trademark.
