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Reuse your funds. Use all or part of your credit line any time you want without having to reapply.When you pay down your Royal Credit Line account balance, your credit becomes available again.
Call 1-800-769-2511 or apply in person for your line of credit. The Royal Credit Line is a flexible, low cost way to borrow money.
- Your Express Consent For A Line of Credit
- Your Right to Information About Lines of Credit
- Your Right to Receive Electronic Alerts
- When These Rights Apply to You
Federally regulated financial institutions can only provide you with a line of credit if they have your express consent. If you give verbal consent, they must provide you with confirmation of your consent, in writing, without delay. Banks must also obtain your express consent before increasing the limit on your line of credit. Learn more about givi...
Federally regulated financial institutions must provide you with information about your line of credit. The information must be disclosed in a manner, and using language, that is clear, simple and not misleading. Before you sign a credit agreement, take the time to read and understand the terms and conditions. Ask questions if anything is unclear o...
Your bank must send you an electronic alert in 2 situations: 1. when the balance of your chequing or savings account falls below $100 or an amount you’ve set 2. when the credit available on your credit card or personal line of credit falls below $100 or an amount you’ve set Your bank will automatically set the electronic alerts to $100. You may ask...
These rights apply when you’re dealing with a federally regulated financial institution like a bank or federal credit union. Find out if your financial institution is federally regulated. Learn more about how your banking rights are protected.
What can I use my line of credit for? Manage. debt. Renovate. your home. Top up. your RRSP. Get help managing debt. Debt consolidation lets you combine multiple unpaid balances into one lower-interest loan or line of credit. You can take advantage of your existing line of credit to help you get out of debt sooner. Why consolidate your debt?
If you require a letter of lien release or payout request, you can contact us at 1-800-4-SCOTIA ( 1-800-472-6842 ). For details unique to the various types of ScotiaLine personal lines of credit, including student lines of credit and RSP catch-up lines of credit, visit Scotiabank lines of credit.
If you haven't used your line of credit, you can close it whenever you want. If you have used your line of credit, you will have to pay it off in full before you can close it. In either case, contact us to close your line of credit. Make an appointment with an advisor at a branch. Call us at 1-888-835-6281, weekdays from 8 a.m. to 8 p.m., and ...
People also ask
How do I Close my line of credit?
Can I Close my line of credit if I haven't used it?
What happens if I pay off my royal credit line balance?
What happens if I pay down my RBC credit line balance?
Get 24-hour, no transaction fee access to your line of credit through CIBC Banking Centres and bank machines, as well as telephone, online and mobile banking. Receive free personalized duplicate cheques. Pay off all or part of the balance at any time without penalty.
