Back to School Tools

Save money for and while attending university or college. Plus, explore our digital services and student loan options to help with tuition!

Back to School Tools

Students surrounded by large tools and a tool box

Female student on her phone walking with a dog

No essay scholarships?!?

No fooling!

We’re awarding 4 x $1,000 scholarships every month. Apply now!

No-Fee Bank Account

Having a deposit account shouldn't cost you money. Our No-Fee Bank Account is truly free with:

  • no monthly maintenance fees
  • free and unlimited Interac e-Transfers® 
  • no minimum balance requirements
  • no transaction fees
  • free ATMs* across Canada

It could save you as much as $360/year in bank fees!

Student Loans

You not only need money to help with tuition and books, but also to help with living expenses once you’re in school! A student loan can help with everything you need to pay for:

  • Make interest-only payments while going to school AND for six months after your schooling is complete.
  • Earn cash dividends simply by having a loan with us. It’s part of our Member Rewards program!
  • Enjoy low rate borrowing and larger loan amounts if you’re in a post-graduate program to help you get the designation you want.

See our student loan article for more information!

 


Questions?


Do I qualify for an education loan?

Our education loan is available to students ages 17-24 inclusive. We also have a mature student education loan for those 25 and older. You don’t need to apply for a Canada Student Loan or Saskatchewan Student Loan to qualify.

What if I’m a part-time student?

That’s okay! There’s no distinction between full-time and part-time students.

How much money can I borrow?

For an education loan, the amounts available are:

  • Maximum advance per school year - $10,000
  • Maximum total advance per student - $40,000
  • Minimum total advance per student - $1,000

If you don't require the full maximum advance per school year, you can borrow those additional funds in subsequent school years.

For our professional studies package, you can borrow up to $120,000 over 8 years of studies:

  • Borrow up to $40,000 for the first 4 years of post-secondary.
  • Borrow up to $20,000 per year for up to 4 years of post-graduate studies.

For the professional studies package, what professions qualify?

You’ll need to be pursuing one of the following careers:

  • Accountant
  • Chiropractor
  • Dentist
  • Engineer
  • Lawyer
  • Medical Doctor
  • Optometrist
  • Pharmacist
  • Veterinarian

Line of Credit or Credit Card

To help with added expenses while you’re at school, you can apply for a line of credit or credit card.

A line of credit is a safety net attached to your bank account. That way, if you spend a bit more than what’s in your account, your line of credit has you covered. 

A credit card is another convenient option, but keep a few things in mind before applying:

  • Be sure you can pay off most of the balance each month. Credit cards are great for earning rewards, but if you overspend, you can pay a lot of money in interest.
  • Find a low-rate credit card so if there are months where you can’t pay off your entire balance, you won’t face high interest charges.
  • Find a card that doesn’t charge an annual fee.

Digital Banking

You can bank with us no matter where you go to school. With our digital banking options, you can:

  • send and receive money through Interac e-Transfer®,
  • pay bills,
  • deposit a cheque through your phone,
  • check your balance and more.

Join the 65,000+ members who bank with us!


Apple Pay and Google Pay

You can also add your Innovation debit card to Apple Pay or Google Pay to make purchases fast and easy with your smartphone. You can also make use of Apple Pay for Visa if you have a credit card with us.

Call Centre

Need to speak to someone? Our call centre is open extended hours. You can phone us toll-free at 1.866.446.7001 or chat with us online.

Hours of Service

Monday to Friday, 8am to 8pm
Saturday and Sunday, 9am to 6pm


See our advice articles to help you save more!

Money-Saving Hacks Every Student Should Know

Nine Tips for Paying Off Student Loans



Apple Pay works with iPhone 6 and later in stores, apps and websites in Safari; with Apple Watch in stores and apps (requires iPhone 6 or later); with iPad Pro, iPad (5th generation), iPad Air 2, and iPad mini 3 and later in apps and websites in Safari; and with Mac (2012 or later) in Safari with an Apple Pay–enabled iPhone or Apple Watch. For a list of compatible Apple Pay devices, see support.apple.com/km207105.

Apple Pay works with iPhone 6 and later in stores, apps and websites in Safari; with Apple Watch in stores and apps (requires iPhone 6 or later); with iPad Pro, iPad (5th generation), iPad Air 2, and iPad mini 3 and later in apps and websites in Safari; and with Mac (2012 or later) in Safari with an Apple Pay–enabled iPhone or Apple Watch. For a list of compatible Apple Pay devices, see support.apple.com/km207105.

To use your Collabria Visa or Mastercard credit card (the “Card”) with this application (the “Application"), you must agree to the following: I understand that the storage and usage of my card number (and credentials corresponding to your card number) and all transactions carried out through the Application using my Card are subject to the agreement governing the use of the Card. I understand that every transaction carried out using my Card through the Application is considered to be an authorized use of my Card, and I am subject to the same liability as if I had signed for each transaction or entered the personal identification number (PIN) for my Card in a payment terminal or any other accessible device. To prevent any unauthorized use of my Card, I agree to take all necessary precautions to keep my mobile device safe, as well as any passwords or information that would allow someone to use the Application to make a transaction with my Card. If such precautions are not taken, I understand that it will be presumed that I have contributed to the unauthorized use of my card and assume all liability therefore. If my mobile device is lost or stolen, or if someone else learns or is suspected to have learned my login information, I understand that I must immediately advise my financial institution. The Application is owned and developed by a third party not affiliated with Collabria Financial Services Inc. (“Collabria”). Therefore, I understand that Collabria does not set the terms of use of this Application and is not responsible for its operation.

ATM transactions for No-Fee Bank Account are free at ding free ATM locations.

* The Collabria Visa Card is issued by Collabria Financial Services Inc. pursuant to a license from Visa.