ATB Financial - Personal Services

Am I eligible?
To qualify for ATB's Students First Plan, the following criteria must be met:
- You must be a Canadian citizen or landed immigrant.
- You must be attending a full-time, classroom program (minimum 1 year in length) at a Canadian, not-for-profit University, College or Technical School (ie. Private vocational schools are not eligible).
- You must be at least 18 years of age to be eligible to apply for a Students First MasterCard.
Do I need to show my school student card?

For new accounts, you will be required to provide a copy of your payment of tuition receipt within 60 days of opening your account.

For established accounts, you will be required to provide a proof of tuition payment or a completed Confirmation of Enrolment form (PDF - 89k) before September 30 of the new school year in order to maintain your Students First Plan.

How much can I borrow on the Students First Line of Credit?
Full-time undergraduates can borrow up to $10,000 (O.A.C.) for each academic year up to a maximum of $40,000.

Enjoy a low interest rate of Prime + 1%.
What if I don't qualify for the Students First Line of Credit?
If you are unable to meet the qualification requirements for the line of credit, we would require a co-signor before funds could be advanced.

A co-signor is someone who takes financial responsibility for your loans if you are unable to repay them.
How much income do I need to qualify for a Students First MasterCard?
No minimum annual income is required which makes it easier to qualify.
What will my payments be?
With ATB's Students First Line of Credit, you only pay the monthly interest owing on the portion used while attending school. For example, if you use the full $10,000, and the prime rate is 6.0%, you pay only $50.00 per month (based on a 30 day month)*.

With ATB's Students First MasterCard, your minimum monthly payment is only 3% of your outstanding balance. That's like $12 per month on a $400 balance*.
* Actual payments may vary
What are Interac ABMs?
Interac ABMs all display the Interac logo. These would include ABMs at the Royal Bank, CIBC, Toronto Dominion, Bank of Montreal, among others

With your Students First Account, there is no charge for the first 5 Interac ABM transactions every month. This represents a $7.50 savings to you. After the first 5 free transactions, you are charged $1.50 per Interac ABM transaction. There is no charge for use of ATB or Alberta Regional Network (ARN) ABMs.
What happens when I graduate?
When you graduate from school, you continue to pay only monthly interest on your Students First Line of Credit for up to 12 months prior to establishing a repayment schedule. Once you secure employment, or at the end of the 12 month grace period, a repayment schedule will be established. You can take up to 20 years to fully repay your outstanding balance.

Your Students First Account may be maintained for up to 12 months after graduation. Upon graduation, talk to your Customer Service Representative. They will be pleased to outline your available options.
What happens if I don't finish school?
If you no longer meet the Students First Plan eligibility requirements, contact your branch to discuss your options.
How do I apply?
Applying for the Students First Line of Credit and Students First MasterCard is easy. Simply fill out the application and submit to ATB Financial. For more details, click here.

To open a Students First Account, simply drop into one of our branches and one of our friendly staff members will open your account. It is that easy!

For more information on ATB Financial's Students First products, visit any branch of ATB Financial, or call us today at 1-800-332-8383 (toll free). For the address of the ATB Financial location nearest you, please browse this site using the Branch Locator.