D Capital Solution - FAQ

Available only to Quebec students.

1. The Student STRATEGIC account is a no-fee account. Does this include all transactions?
2. To get a Student STRATEGIC Line of Credit, members need to have life insurance. Does the insurance have to be with Desjardins?
3. What happens to the principal payments on my Student STRATEGIC Line of Credit if I don't find a job right away when I finish school?
4. Is the Student STRATEGIC Line of Credit offered in all Desjardins caisses?
5. Do I pay interest on the authorized limit of my Student STRATEGIC Line of Credit or only on the amount I've used?
6. Can I reap the benefits of the Student STRATEGIC Account without having a Student STRATEGIC Line of Credit?
7. The D Capital Solution includes many products and services. Can I choose only some of the products or do I need to take them all?

1. The Student STRATEGIC account is a no-fee account. Does this include all transactions?

No service charges apply to transactions made on Desjardins ATMs, by direct payment or with teller assistance. What's more, unlike several financial institutions, there are no service charges for the use of the AccèsD Service. This account is offered exclusively to members who opt for the Student STRATEGIC Line of Credit.

2. To get a Student STRATEGIC Line of Credit, members need to have life insurance. Does the insurance have to be with Desjardins?

You can take out life insurance with the insurer and representative of your choice as long as the insurance meets caisse approval. If you don't already have life insurance, Desjardins Financial Security offers an attractive insurance option: Line of Credit Insurance.

3. What happens to the principal payments on my Student STRATEGIC Line of Credit if I don't find a job right away when I finish school?

You can begin paying back the principal no later than 12 months after you finish your full-time studies. However, interest is still payable monthly just like when you were still in school.

4. Is the Student STRATEGIC Line of Credit offered in all Desjardins caisses?

Just like all other Desjardins products and services, the Student STRATEGIC Line of Credit is offered in participating Desjardins caisses. Contact an advisor at your caisse.

5. Do I pay interest on the authorized limit of my Student STRATEGIC Line of Credit or only on the amount I've used?

Interest is due monthly only on the amount you've borrowed.

6. Can I reap the benefits of the Student STRATEGIC Account without having a Student STRATEGIC Line of Credit?

The Student STRATEGIC Account is offered only to members who have a Student STRATEGIC Line of Credit, as it's what lets them access the line of credit.

7. The D Capital Solution includes many products and services. Can I choose only some of the products or do I have to take them all?

The D Capital Solution was developed to meet the needs of people in specific fields of study and includes some exclusive advantages. Since individual needs can vary, you can choose the products that best suit you and your situation (except for the Student STRATEGIC Account which is offered only with the Student STRATEGIC Line of Credit.)