The National Bank of Canada (NBC) is the sixth largest bank in Canada. It has a network of automated teller machines (ATMs) covering Quebec, as well as some major Canadian cities, including Ottawa, Toronto and Vancouver. The institution’s ATMs allow BNC customers to make withdrawals and deposits, but can also be used by customers of other banks to withdraw cash. Here is our opinion on the National Bank’s ATMs.
What currency denominations can be withdrawn at a National Bank ATM?
In terms of the variety of denominations that can be withdrawn, National Bank ATMs are less accommodating than those of the major Canadian banks. In fact, the ATMs of the major banks generally allow you to withdraw $5, $20, $50 and $100 bills. At the NBC ATMs, you are limited to $20 bills.
What are the withdrawal fees for non-customers?
National Bank customers can make withdrawals without paying a convenience fee at any of the financial institution’s ATMs. However, if you are not a BNC customer, you will be charged a $4 convenience fee, which may be supplemented by other fees charged by your financial institution.
The convenience fee does not represent the entire cost of withdrawing money from an ATM of a bank where you are not a customer. In addition to the convenience fee, there may be Interac access fees, between $0 and $1.90, and transaction fees between $0 and $2. Of course, you won’t pay any additional transaction fees if your banking package includes a certain number of transactions per month, or if you have a no-fee Canadian chequing account.
According to the Financial Consumer Agency of Canada, the total fee for withdrawing money from another bank’s ATM ranges from $1 to $7.90, and the fee for withdrawing money from a private ATM ranges from $1.50 to $8.90!
How do I make a deposit at a National Bank ATM?
National Bank ATMs are state of the art, so BNC customers can deposit cash or cheques by inserting them directly into the slot provided. This envelope-less technology allows for faster deposit processing, and prevents National Bank customers from having to postpone deposits due to a lack of envelopes.
How do I find a National Bank ATM?
National Bank ATMs can be found in most of its bank branches, but also in many shopping malls. The easiest way to find the National Bank ATM nearest you is to use the National Bank ATM locator. Simply enter your postal code or city, and the locator will generate a map of nearby National Bank ATMs.
National Bank ATM Rating
|Number of currency denominations||1/5|
|Client withdrawal fees||3/5|
|According to our rating grid, the National Bank’s ATM is slightly behind the other big banks in Canada. This is mainly because of the lack of currency denominations offered. We think that the NBC ATMs earn an overall rating of 3.25/5.||3.25/5|
Suggested for you
How to choose a chequing account in Canada
You carry your mobile phone with you every day, and you have carefully chosen a package that meets your needs. You don’t want to overpay, and you definitely don’t want to incur data overage charges. Picking your chequing account should be treated with the same respect, as choosing the wrong account could cost you dearly. […]
The Best Bank Accounts for Newcomers to Canada in 2023
It can be difficult for a newcomer to navigate financial services in an entirely new banking system. Not only can the procedures be different, information can also be difficult to find. That’s one of the reasons why we published a guide to personal finance for Canadian immigrants. In this article you will find information about […]