BANK OF MONTREAL GIVES STUDENTS CREDIT
By Adnews Staff
The Bank of Montreal has launched a program in which they will give students a no-fee MasterCard that lets students directly access their student line of credit anywhere MasterCard is accepted. All Brain Money Student Line of Credit balances, including purchases made with the card, are charged at the Bank of Montreal's prime rate plus 1%, currently set at 6.75%. Students can now also arrange a pre-authorized debit to pay the minimum monthly payment on their line of credit from any Bank of Montreal account. Direct mail advertising will support the launch of the service. It will be created in-house.
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