Lines of Credit for Medical Students (Scotia is the best option)

[Persephone]

5 minutes ago, rmorelan said:

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

if you got any adviser recs for Victoria BC that'd be much appreciated too!

[rmorelan]

Ottawa
boussad.messaoudini@scotiabank.com

scotiabank.com

613-564-0130 (direct line) 

Pretty quick according to my notes - usual Scotia offer, can do things remotely as needed.

Edited May 31, 2018 by rmorelan

[casajayo]

This seems to be an up to date list for advisors from the various regions: http://www.scotiabank.com/content/dam/scotiabank/canada/en/documents/Scotiabank_SPSP_representative_English.pdf 

[rmorelan]

6 minutes ago, casajayo said:

This seems to be an up to date list for advisors from the various regions: http://www.scotiabank.com/content/dam/scotiabank/canada/en/documents/Scotiabank_SPSP_representative_English.pdf 

Yeah that was the base I was working off of (think I sent that out originally to everyone here) - it is not updated unfortunately but mostly correct  I have additions in my notes ha. For instance both of the Scotia people at Ottawa I believe have moved on. There can be a lot of turn over. Often the number stays the same at least!

I am not quite yet update to date for RBC but I am working on that one as well. I dream the dream of a sticky thread at some point with all of this. 

Edited May 31, 2018 by rmorelan

[dandycandy]

any recommendations for who to contact for mcmaster university? found matt eade & michael vanderwal on the list scotia provides, has anyone had any experience with either? tysm 

[j17f]

43 minutes ago, rmorelan said:

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

I'll take a page out of your book and switch font sizes  

[j17f]

A friend of mine who works for RBC told me their new deal is this:

An IPAD

RBC Visa Platinum Avion plus 30000 welcome points

No fees for the credit card for 4 years, and free VIP banking (the VIP Banking gets you $120 off another one of their credit cards btw...)

[rmorelan]

5 minutes ago, Jfourn said:

I'll take a page out of your book and switch font sizes  

ha, wasn't a complaint  Wear it like a badge of honour

[Organeer]

Two hours ago, Scotiabank has just purchased MD Financial from CMA - you guys can google it. This is a huge game changer. Shortly after this occurred, I talked to Rod McFadden (see his posts on page 46 of this thread) on the phone about the implications of this and some of the potential improvements to the Scotiabank offer that is to come shortly. He's extremely knowledgeable, and I am going to do my LOC with him.

[Eudaimonia]

19 minutes ago, Organeer said:

Two hours ago, Scotiabank has just purchased MD Financial from CMA - you guys can google it. This is a huge game changer. Shortly after this occurred, I talked to Rod McFadden (see his posts on page 46 of this thread) on the phone about the implications of this and some of the potential improvements to the Scotiabank offer that is to come shortly. He's extremely knowledgeable, and I am going to do my LOC with him.

Can you share what some of those improvements may be?

@Jfourn Just realized that means RBC essentially offered 2 credit cards all along haha. Not sure if the minimum income can be overridden for some of those cards though

[Comprehensible]

Kind of a silly question: when choosing an advisor based on location, is this the location of the school, or the student's home location?

I live quite far away from the school that I'm going to be attending, so I'd prefer to speak with bank representatives near my home, not my school (I won't be moving for several months).

[Eudaimonia]

5 minutes ago, Comprehensible said:

Kind of a silly question: when choosing an advisor based on location, is this the location of the school, or the student's home location?

I live quite far away from the school that I'm going to be attending, so I'd prefer to speak with bank representatives near my home, not my school (I won't be moving for several months).

It doesn't matter too much, contact whoever is convenient for you. My current advisor is in my home location but I can easily switch to an advisor at my school's location once I move. I don't have to switch either if I'm comfortable dealing with them at a distance.

[Monkey D. Luffy]

35 minutes ago, Comprehensible said:

Kind of a silly question: when choosing an advisor based on location, is this the location of the school, or the student's home location?

I live quite far away from the school that I'm going to be attending, so I'd prefer to speak with bank representatives near my home, not my school (I won't be moving for several months).

Makes no difference, you can choose either advisor. The most important factor in my opinion is picking someone you trust and are comfortable with. My advisor isn't in either my home city or the city of my medical school and I've had no issues the past 2 years. 

[rmorelan]

42 minutes ago, Comprehensible said:

Kind of a silly question: when choosing an advisor based on location, is this the location of the school, or the student's home location?

I live quite far away from the school that I'm going to be attending, so I'd prefer to speak with bank representatives near my home, not my school (I won't be moving for several months).

only caveat is you do what someone that regularly deals with LOCs if you want the best advise/options long term. There aren't that many of those overall I suppose - but for instance when the rates dropped from prime to prime - 0.25 some people not dealing with a regular LOC advisor didn't get that rate for a while or weren't aware the change occurred. 

[NeuroD]

 

4 hours ago, dandycandy said:

any recommendations for who to contact for mcmaster university? found matt eade & michael vanderwal on the list scotia provides, has anyone had any experience with either? tysm 

I haven't but I've got classmates so have and are having issues with matt (I think? It was an M name, but that doesn't help here). I switched to another Hamilton branch when my guy left (and the M guy recently took his place). My current adviser is great, quick, and no hassles with perks. Let me know if things don't work out with the other guys and I'll connect you with mine.

[NeuroD]

1 hour ago, Organeer said:

Two hours ago, Scotiabank has just purchased MD Financial from CMA - you guys can google it. This is a huge game changer. Shortly after this occurred, I talked to Rod McFadden (see his posts on page 46 of this thread) on the phone about the implications of this and some of the potential improvements to the Scotiabank offer that is to come shortly. He's extremely knowledgeable, and I am going to do my LOC with him.

 

1 hour ago, Eudaimonia said:

Can you share what some of those improvements may be?

@Jfourn Just realized that means RBC essentially offered 2 credit cards all along haha. Not sure if the minimum income can be overridden for some of those cards though

That's exciting, I wonder what those will be and if existing members will get them!

[xiphoid]

When I met with RBC last week, I was told that the iPad offer would only be for new clients who sign on on or after June 4th. Was also told that I wouldn't be able to get the infinite avion if I didn't meet the minimum income requirement. Definitely a lot less attractive of an offer than Scotiabank.

[FailureToThrive]

What kind of iPad is it?

[la marzocco]

Just now, MD_2021 said:

What kind of iPad is it?

Prob the new iPad.. lol doubt they'd fork over an iPad Pro imo.

[Organeer]

56 minutes ago, PhD2MD said:

 

I haven't but I've got classmates so have and are having issues with matt (I think? It was an M name, but that doesn't help here). I switched to another Hamilton branch when my guy left (and the M guy recently took his place). My current adviser is great, quick, and no hassles with perks. Let me know if things don't work out with the other guys and I'll connect you with mine.

Unofficial, but from a reputable source. Increased credit limit. Official word to be out as early as a week or two. Word is current signers can raise it too but fine print is yet to be released

[celg3]

If you wanna switch advisors can you do that after you sign with them? 

[Eudaimonia]

1 minute ago, celg3 said:

If you wanna switch advisors can you do that after you sign with them? 

Switch advisors from the same bank? Yes, I heard it is very convenient to do so

[rmorelan]

15 minutes ago, Eudaimonia said:

Switch advisors from the same bank? Yes, I heard it is very convenient to do so

yeah that is no problem - no bank is going to really get in your way here. 

[NeuroD]

3 hours ago, Organeer said:

Unofficial, but from a reputable source. Increased credit limit. Official word to be out as early as a week or two. Word is current signers can raise it too but fine print is yet to be released

Ha...well my advisor just asked me to come in and sign for an increase on my LOC (without me requesting it). Wonder if that's why. Prob not since she was just taking me from 200k to 275k.

[AAAmeds]

I just came across this promo from MD Financial. I already have an LOC with Scotiabank. Has anyone tried contacting Scotia/RBC and asking them to match MD Financial's offer as kind of a retention effort? Cuz if they can't match it, I am open to switching to MD Financial to get the $500.

https://pages.mdm.ca/1696-SRLOC.html