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SneakySuspect

Seeking Recommendations: Bank Reps (Ottawa?)

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Posted (edited)

From what I'm reading, not all bank employees qualified to deal with PSLOCs are knowledgable about the product (ie your average scotia employee will tell you it's prime + 0.5% but if you go to someone with experience with PSLOCs, they'll get you prime).

I already have a contact with Scotia but they won't consider less than prime.
I want to talk to all the other banks (TD, BMO, CIBC, RBC, etc.) to give prime 'minus' a shot.

Can anyone recommend a rep for these banks (even if you didn't get prime 'minus)?
I'm anticipating I'll be going to UOttawa, so an Ottawa rep would be helpful. But even if the rep isn't in Ottawa, I'm interested.

Thanks.

Edited by SneakySuspect

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Hey !

I just got approved for a PSLOC from TD in Ottawa at prime--tried giving prime minus a shot as well, but that's apparently only for med students.

I worked with a representative at the TD located in the World Exchange Plaza at 45 O'Connor Street and it was a very easy appointment where he explained everything to me. I was approved for a better chequing account than I have at with no fee, as well as a choice between 3 of their credit cards that ordinarily come with a fee, but for the duration of the LOC the fee is waived (an airmiles plan, a TD rewards plan and a cash-back card). The LOC was for 125k and in addition to everything else I've mentioned, it also came with a free 150$ Amazon gift card. I bank with TD already, so it was really easy to go through everything with him.

Upon further reflection, the conversation began with him asking me which Law School I would be attending--I am unsure as to whether this alters the plan that they offer--I doubt it, but I won't pretend to presume how banks decide to do what they do. If it helps at all, for reference, I will be attending McGill in the Fall.

If you have any specific questions feel free to PM me !

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2 hours ago, CommeCiCommeCa said:

Hey !

I just got approved for a PSLOC from TD in Ottawa at prime--tried giving prime minus a shot as well, but that's apparently only for med students.

I worked with a representative at the TD located in the World Exchange Plaza at 45 O'Connor Street and it was a very easy appointment where he explained everything to me. I was approved for a better chequing account than I have at with no fee, as well as a choice between 3 of their credit cards that ordinarily come with a fee, but for the duration of the LOC the fee is waived (an airmiles plan, a TD rewards plan and a cash-back card). The LOC was for 125k and in addition to everything else I've mentioned, it also came with a free 150$ Amazon gift card. I bank with TD already, so it was really easy to go through everything with him.

Upon further reflection, the conversation began with him asking me which Law School I would be attending--I am unsure as to whether this alters the plan that they offer--I doubt it, but I won't pretend to presume how banks decide to do what they do. If it helps at all, for reference, I will be attending McGill in the Fall.

If you have any specific questions feel free to PM me !

The banks do have different limits for different schools, I believe U of T's PSLOC limit is significantly higher than the average school.

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