Account for Post-secondary Graduates

Mercantile takes care of graduates*

Current account benefit

Dear graduates,
We would like to congratulate you on having completed your studies, and are pleased to offer you the benefits best suited to your needs.
Just because we believe in you.

Mercantile takes care of graduates
Type of Service	Benefit
Account management fee	50% discount on teller fee (no minimum). Fee exemption for direct channel services (no minimum). Two free checkbooks a year.
Credit cards	Credit card fee exemption (contingent on activity volume of more than NIS 1,000).
Foreign currency	50% discount the fee for buying or selling foreign currency (no minimum fee). 50% discount on rate differences when buying or selling foreign currency in cash. 0.5% benefit on the fee for buying or selling foreign currency in cash
Securities	0.25% on fee on buying or selling Israeli securities on the Tel Aviv Stock Exchange (subject to a minimum fee). 0.35% on buying or selling securities traded abroad + agent fee (subject to minimum fee). Management fee for Israeli securities account: 0.100% per quarter (subject to minimum fee). Management fee for foreign securities account: 0.125% per quarter (subject to minimum fee).
Direct channel services	Mercantile Personal: free text messages.
Credit and loans	All-purpose loans: NIS 80,000 at interest rates starting from Prime+0.5% with up to 60 monthly repayments.

Want to open an account for graduates?

Visit one of Bank Mercantile’s branches or call *5600.

Notes

* Clients with at least an undergraduate degree (BA/BSc) are invited to join upon presenting a completion of studies certificate from their college or university up to 1 year after earning the degree.
* The benefits are offered for a period of 2 years after joining the group.
* Eligibility for joining the group of graduates and receiving the benefits is contingent on the client depositing a monthly income of NIS 2,500 or an investment portfolio of NIS 25,000 or more. Should a client stop making the monthly deposit or should the value of the investment portfolio decrease below the required amount, the bank will have the option of removing the client from the group in accordance with the terms in the sign-up form for the group.
* The exemption from the card fee does not include the following cards: Extra Family, Extra Home, Fly Card, Visa Infinity, and cards attached to the High Miles Club.
* The bank is entitled to end the promotion at any time.
* The full and binding terms are available at all the bank’s branches.
* This notice does not constitute an offer or a commitment to extend credit.
* All terms and benefits regarding bank fees are relative to the bank’s fee schedule.
* The provision of credit is contingent upon the branch manager’s approval and subject to the bank’s procedures.
* Failure to repay the loan is liable to incur interest on arrears and trigger a lien filing process.