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National Bank Now Offers International Transfer by Mastercard® and Interac® to its Personal Banking Clients

T.NA | May 7, 2020

No service charges on these transactions until July 31, 2020

MONTREAL, May 7, 2020 /CNW Telbec/ - National Bank is proud to announce that it will be offering its personal banking clients a new online solution to send money abroad. International Transfer by Mastercard® and Interac® is the first joint cross-border solution that allows clients to send money from Canada to bank accounts internationally. At first, clients will be able to make transfers to 19 Eurozone countries. Other countries will gradually be added, for a total of around 100. Clients will be able to use this new product free of charge until July 31, 2020 via National Bank's online banking platform. After that date, a fee of $5.95 per transfer will apply.

"Our clients will be the first in Canada to access this new solution, offered in collaboration with two of our trusted partners. We're proud to be part of the launch of this product. Our clients now have a fast, simple and secure way to send money abroad, supported by trusted payment networks. Given the current situation, it's more important than ever to support our clients and offer solutions to make their lives easier," said Gabrielle Cournoyer, Vice-President – Card and Payment Solutions at National Bank.

Related link

Mastercard and Interac collaborate to give Canadians a fast, simple and secure way to send money globally

About National Bank of Canada
With $289 billion in assets as at January 31, 2020, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 26,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.