Eudaimonia Posted May 20, 2018 Report Share Posted May 20, 2018 10 hours ago, canada747 said: Can I still get the full 275K if I have a cheaper tuition than most Ontario schools? I may not realistically never need to dip into my LOC, but would like one just in case. You definitely can! Just signed for mine no problem Quote Link to comment Share on other sites More sharing options...
BCGirl Posted May 22, 2018 Report Share Posted May 22, 2018 Did anyone negotiate other perks besides the two credit cards with Scotia? Free cheques, unlimited e-transfers etcetera? I want to make sure I'm getting any extra perks I can! Quote Link to comment Share on other sites More sharing options...
NeuroD Posted May 23, 2018 Report Share Posted May 23, 2018 59 minutes ago, trnsatlnticism said: Did anyone negotiate other perks besides the two credit cards with Scotia? Free cheques, unlimited e-transfers etcetera? I want to make sure I'm getting any extra perks I can! I've got free cheques. Don't know about etransfers. I don't use them much. Quote Link to comment Share on other sites More sharing options...
xiphoid Posted May 23, 2018 Report Share Posted May 23, 2018 1 hour ago, trnsatlnticism said: Did anyone negotiate other perks besides the two credit cards with Scotia? Free cheques, unlimited e-transfers etcetera? I want to make sure I'm getting any extra perks I can! 3 minutes ago, PhD2MD said: I've got free cheques. Don't know about etransfers. I don't use them much. The standard (at least what I was told when I contacted a rep) is free cheques and 2 e-transfers a month. Not sure if anyone's negotiated the e-transfers, it just seems really inconvenient after I've gotten so used to RBC's unlimited free e-transfers. Quote Link to comment Share on other sites More sharing options...
ScotiabankMedsAdvisor Posted May 23, 2018 Report Share Posted May 23, 2018 12 minutes ago, xiphoid said: The standard (at least what I was told when I contacted a rep) is free cheques and 2 e-transfers a month. Not sure if anyone's negotiated the e-transfers, it just seems really inconvenient after I've gotten so used to RBC's unlimited free e-transfers. You should get unlimited e-transfers in school. Have them setup the student banking advantage plan account which gives unlimited e-transfers. GTA Med Advisor 1 Quote Link to comment Share on other sites More sharing options...
canada747 Posted May 24, 2018 Report Share Posted May 24, 2018 Can we apply for an LOC with only our proof of admission? Or do we need to have an invoice for tuition first? Thanks! Quote Link to comment Share on other sites More sharing options...
xiphoid Posted May 24, 2018 Report Share Posted May 24, 2018 2 minutes ago, canada747 said: Can we apply for an LOC with only our proof of admission? Or do we need to have an invoice for tuition first? Thanks! I was told by RBC and Scotiabank that the LOC wouldn't be released until you provide verification of enrollment. Scotia said they could release $5000 before that though if I needed it to put a deposit on first and last month's rent. But you can apply with just the admission letter. Quote Link to comment Share on other sites More sharing options...
Eudaimonia Posted May 24, 2018 Report Share Posted May 24, 2018 1 minute ago, canada747 said: Can we apply for an LOC with only our proof of admission? Or do we need to have an invoice for tuition first? Thanks! My application got accepted at Scotiabank with just the med acceptance letter. I would imagine RBC is the same. Only heard of some branches in Toronto I think that required proof of enrollment Quote Link to comment Share on other sites More sharing options...
rmorelan Posted May 24, 2018 Report Share Posted May 24, 2018 18 minutes ago, Eudaimonia said: My application got accepted at Scotiabank with just the med acceptance letter. I would imagine RBC is the same. Only heard of some branches in Toronto I think that required proof of enrollment sometimes that depends on the relationship with the bank and school and how exactly the school phrases things (had one schools acceptance flat out state it was conditional for instance on certainly things that aren't available until later - as an example graduating. Officially then you are technically in limbo until then etc, but some banks go ahead anyway.) Quote Link to comment Share on other sites More sharing options...
ScotiabankMedsAdvisor Posted May 24, 2018 Report Share Posted May 24, 2018 On 5/24/2018 at 1:58 PM, Eudaimonia said: My application got accepted at Scotiabank with just the med acceptance letter. I would imagine RBC is the same. Only heard of some branches in Toronto I think that required proof of enrollment The proper policy is that we can approve the line of credit with an offer of admission. We cannot give access to the funds however until we have proof that you have accepted the offer. As mentioned above if you need access to a small limit to make the deposit this can be done. Quote Link to comment Share on other sites More sharing options...
ScotiabankMedsAdvisor Posted May 24, 2018 Report Share Posted May 24, 2018 I also wanted to let everyone know we have some exciting changes coming to our plan in next couple of weeks. I met with some of our VPs last night to discuss the changes. I will post the updates as soon as they are finalized. I am bias but I believe these changes will make the decision easy for the majority of medical students to choose Scotiabank. beepboopbot 1 Quote Link to comment Share on other sites More sharing options...
IMislove Posted May 24, 2018 Report Share Posted May 24, 2018 1 minute ago, ScotiabankMedsAdvisor said: I also wanted to let everyone know we have some exciting changes coming to our plan in next couple of weeks. I met with some of our VPs last night to discuss the changes. I will post the updates as soon as they are finalized. I am bias but I believe these changes will make the decision easy for the majority of medical students to choose Scotiabank. So does that mean wait for those changes to go through first before looking at LOCs? Quote Link to comment Share on other sites More sharing options...
xiphoid Posted May 24, 2018 Report Share Posted May 24, 2018 15 minutes ago, ScotiabankMedsAdvisor said: I also wanted to let everyone know we have some exciting changes coming to our plan in next couple of weeks. I met with some of our VPs last night to discuss the changes. I will post the updates as soon as they are finalized. I am bias but I believe these changes will make the decision easy for the majority of medical students to choose Scotiabank. Same question as above... Was planning on signing perhaps next week or the week after, so should I wait? Quote Link to comment Share on other sites More sharing options...
TheC0median Posted May 24, 2018 Report Share Posted May 24, 2018 Hey there, so I hope to choose Scotiabank for my LOC and the Student Professional Plan. I understand they cannot give access to LOC funds, however are we able to receive the two credit cards. They would be quite beneficial this summer for travel (especially the new Visa). Quote Link to comment Share on other sites More sharing options...
casajayo Posted May 24, 2018 Report Share Posted May 24, 2018 1 hour ago, ScotiabankMedsAdvisor said: I also wanted to let everyone know we have some exciting changes coming to our plan in next couple of weeks. I met with some of our VPs last night to discuss the changes. I will post the updates as soon as they are finalized. I am bias but I believe these changes will make the decision easy for the majority of medical students to choose Scotiabank. Same question as the others - I planned to set up a meeting next week, but wondering if I should wait? Or would it still be valuable to meet and then finalize at a later point when the new offer comes out? Quote Link to comment Share on other sites More sharing options...
ScotiabankMedsAdvisor Posted May 25, 2018 Report Share Posted May 25, 2018 You can certainly start looking. The vast majority of the program will not change. Account will remain the same with fees waived. Credit cards will stay the same with passport infinite and gold Amex with fees waived for duration of school & residency . 2 year grace period after completion of residency/fellowship with ability to convert to a professional line. Interest rate will remain the same. If you set it up before the changes you can always amend it after. Quote Link to comment Share on other sites More sharing options...
Snowmen Posted May 25, 2018 Report Share Posted May 25, 2018 12 hours ago, ScotiabankMedsAdvisor said: You can certainly start looking. The vast majority of the program will not change. Account will remain the same with fees waived. Credit cards will stay the same with passport infinite and gold Amex with fees waived for duration of school & residency . 2 year grace period after completion of residency/fellowship with ability to convert to a professional line. Interest rate will remain the same. If you set it up before the changes you can always amend it after. So the new standard for Scotia is the Passport Infinite instead of the Passport Gold? Quote Link to comment Share on other sites More sharing options...
fremulon Posted May 25, 2018 Report Share Posted May 25, 2018 Does anyone have the original document or any helpful links? Quote Link to comment Share on other sites More sharing options...
Eudaimonia Posted May 25, 2018 Report Share Posted May 25, 2018 @Mac the Marauder The plans have changed a bit since the document but you should get the gist of the various factors by reading this thread 1 hour ago, Snowmen said: So the new standard for Scotia is the Passport Infinite instead of the Passport Gold? Yeah I guess their website is outdated. I was offered the Infinite upfront without any negotiating. Quote Link to comment Share on other sites More sharing options...
ScotiabankMedsAdvisor Posted May 25, 2018 Report Share Posted May 25, 2018 14 minutes ago, Snowmen said: So the new standard for Scotia is the Passport Infinite instead of the Passport Gold? It is now an option under the plan. There are certain income requirements to get the card as it is an infinite product. The majority of students/residents can meet one of the requirements. Quote Link to comment Share on other sites More sharing options...
distressedpremed Posted May 25, 2018 Report Share Posted May 25, 2018 1 hour ago, ScotiabankMedsAdvisor said: It is now an option under the plan. There are certain income requirements to get the card as it is an infinite product. The majority of students/residents can meet one of the requirements. If you have the passport gold already, can you upgrade to the infinite? Quote Link to comment Share on other sites More sharing options...
GTA Med Advisor Posted May 25, 2018 Report Share Posted May 25, 2018 3 minutes ago, distressedpremed said: If you have the passport gold already, can you upgrade to the infinite? Yes, you can. Just speak to your Advisor about switching over. Quote Link to comment Share on other sites More sharing options...
jumbocup Posted May 26, 2018 Report Share Posted May 26, 2018 Any particular things to look out for from other med students in BC? Seems like Scotia still has the best perks. Quote Link to comment Share on other sites More sharing options...
j17f Posted May 31, 2018 Report Share Posted May 31, 2018 @rmorelan do you have the contact info for a Reputable Scotia advisor in Ottawa? Quote Link to comment Share on other sites More sharing options...
rmorelan Posted May 31, 2018 Report Share Posted May 31, 2018 40 minutes ago, Jfourn said: @rmorelan do you have the contact info for a Reputable Scotia advisor in Ottawa? sure - I will forward it when I get home. I try to keep information on as many of the of the advisers as I can. Definitely have Ottawa. FYI - the long sig is now quite poetic ha Quote Link to comment Share on other sites More sharing options...
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