Jump to content
Premed 101 Forums

ScotiabankMedsAdvisor

Members
  • Content Count

    96
  • Joined

  • Last visited

  • Days Won

    1

Everything posted by ScotiabankMedsAdvisor

  1. The credit limit on the visa is 5,000 with our plan. It is part of the total approval and does not require a separate approval from the line of credit. Our plan does have annual limits on it which are 50,000 per year during schooling. If you think of it however the average year of school at Western will cost about 42,000-43,000 in total. Which a good portion will be covered by OSAP, grants, bursaries. The 50,000 is well more than you should ever need but the limit helps you from over spending. I can't tell you how many people have come to me because they were given the full limit
  2. In regards to our plan in comparison to RBCs there are a number of differences that you will find with the accounts. 1.With our plan you are offered the Scotia Gold Passport card with the fee waived all throughout school and residency. With RBC you usually receive the Avion card with the fee waived for the 1st year and then you pay the fee after that. Assuming a 5 year residency and a fee of $120 a year you would be paying fees of about $960 for an equivalent card. 2.Our plan doesn't require you to make payments. The interest just accrues onto your balance. With other banks you nee
  3. In regards to the visa closure it is not something that you are required to close. What happens if you keep the limit of an existing outside credit card available is your total available credit would be reduced by the same amount. If your limit on the credit card is 5,000 then the maximum approval for your schooling portion would be 195,000. Its also important to know that we offer the Scotia Gold Passport credit card with our plan. This is a travel rewards card that you receive with the fees waived all through school and residency.
  4. I would like to introduce myself to all prospective Schulich medical students. I am the professional student advisor for Scotiabank in London area. When you go to apply for your professional line of credit it is very important to contact someone that understands your specific professional student banking needs. If you were to walk into a local branch to apply, more than likely the representative would not be as knowledgable of your specific needs. Scotiabank is the #1 choice of Schulich Medical students for their professional student banking needs. I look forward to working with you and I
  5. This is another reason it is very important to make sure you are dealing with an advisor that deals with Professional Lines of Credit on a regular basis. They are a product that most advisors will rarely encounter. Therefore you may not get the proper advice or obtain all of the benefits. If you have any questions in regards to your existing product or want information on our products please feel free to e-mail me.
  6. Hi Chris Every Situation that we run into is a bit different. We certainly don't monitor how you pull money out of your line of credit on a day to day basis. If you have the money already available you should be able to pull out as much as you have available. If you would like to get in touch with me I can have a look at your accounts for you.
  7. As of today if you set-up a Scotia Gold Passport visa you will receive 5,000 points on the card. The points are credited to the card after the first purchase is made. You then will accrue points based on usage of the card. These offers are always subject to change but this is whats available as of todays date.
  8. We do have a number of advisors in the city that could look after the Scotia Professional Plan. We believe however it is better to have one advisor that specializes in medical students. Reasoning for this is that I know your situation inside and out and can therefore give you advice that is relevant to your situation. My office is located at One London Place but I am very mobile and willing to meet up at any branch in the city. As rmorelan also mentioned I come to the school every week if anybody wants to meet up with me there.
  9. In regards to limits it varies from bank to bank. Our limit is 200,000 during schooling which we give in installments of 50,000 per year. We can also look to increase the limit to a maximum of 275,000 for residency/fellowship. In regards to the payments our product doesn't require payments and the interest just accrues onto your balance. Other institutions require payments which you don't have any income to make. So what usually ends up happening is people transfer money from their loc into their bank account. And from there they transfer the money back onto the loc as a payment. Man
  10. It is true that the plans do have a lot of similarities. Some of the smaller details of the products are what set them apart. Our product comes with the Scotia Gold Passport visa with the annual fee waived throughout school and residency. You will earn travel points on this card and can then redeem them for flights when you do your interview tour. Also a small detail with our loc is you don't need to make payments to the line as the interest accrues onto your balance. This is nice as you can focus on your studies and not worry about transfering money around each month to make a payment.
  11. The biggest thing you want to make sure of is getting in touch with someone that specializes in these products. If you were to go to a branch where you live the representative likely won't know the programs available to you. It is also very important to know that the products are always changing and being improved so this grid won't be completely accurate. If anyone would like information on the Scotia Professional Student Plan please let me know.
  12. Dazzle if you want to get in touch with me I can give you some information on the products that are available to you as a medical student.
  13. I just wanted to say congratulations to everyone that was accepted yesterday. If you would like any advice or information on professional lines of credit please feel free to contact me. Scotiabank is the #1 choice of Schulich Med Students for their professional banking needs. Over half of the existing Schulich medical students have chosen Scotiabank to advise them.
  14. With the impending end of the premed world and the possibility of med school quickly approaching it may be time for you to start planning. This is where I come into the equation. I deal with professional students in your situation every day. At Scotiabank we are proud to be the #1 choice of medical students at Western. It is very important that you speak to an advisor that specializes in professional student lines of credit. I would be happy to provide you with relevant advice and information regardless of your location.
  15. As NewfieMike pointed out is very important to contact somebody that deals with accounts of this nature on a day to day basis. A lot of bankers will never come accross these accounts as they don't work in a town that has a medical school. You should be able to get your funds advanced as soon as you sign and have shown proof of enrollment such as an acceptance letter. Timeframes will vary a bit for different universities as the acceptances are sent out at different times.
  16. You can normally access the funds once you have provided proof of enrollment. The average timeframe for having access to the funds is usually June or July depending on when we recieve all of the required documentation. This should allow you to have the funds in time to pay for the relocation costs.
  17. If you are carrying a balance that shouldn't be a problem. As long as you are making your minimum payments each month your credit shouldn't be adversely affected. Normally the issues arise if you have had credit facilities go to collections in the past or if you have been chronically delinquent with your payments.
  18. I would like to introduce myself to all prospective Schulich medical students. I am the professional student advisor for Scotiabank in London area. When you go to apply for your professional line of credit it is very important to contact someone that understands your specific professional student banking needs. If you were to walk into a local branch to apply, more than likely the representative would not be as knowledgable of your specific needs. Scotiabank is the #1 choice of Schulich Medical students for their professional student banking needs. I look forward to working with you al
×
×
  • Create New...