Wave 4: CWB Maxium Financial migration timeline
Find information about the migration of your financing products and services
Canada-wide
This page includes important information about your upcoming migration. To help make this process as smooth as possible, refer to the sections below (before and after migration).
For details about which activities you need to complete for a successful migration, please consult your Migration Letter.
Note that this information is specific to financing products currently held at CWB Maxium Financial.
- If you hold other products with CWB Financial Group®, please refer to the respective communications about how and when those products and services transition.
- If your business has multiple legal entities, you may receive multiple communications as required to meet our regulatory obligations.
Your migration is complete!
We invite you to browse National Bank’s webpages and discover the products, services and solutions we offer.
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Changes to be implemented
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New product details:
Your current CWB Maxium Financial loans will be migrated to similar or equivalent National Bank products. For full details, please refer to the Product and Service Migration Guide – Maxium Financial.
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New loan numbers:
On your migration date, your CWB Maxium Financial loans will transition to National Bank and will be assigned new numbers.
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Payment arrangements:
All existing preauthorized debit agreements, where you have given CWB Maxium Financial permission to debit your account for payments related to your lending products, will be transferred to National Bank on the migration date. No action is required on your part to update payment information with the new loan numbers.
Please note: If you have a preauthorized debit agreement in place, until migration, CWB Maxium Financial will continue to collect payments on behalf of National Bank. After your migration, the payee displayed on your statements will change to National Bank.
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Annual review of lending facilities:
To maintain your current lending arrangements and ensure continued access to credit, we complete an annual review of your lending facilities. To support this process, your business is required to provide your financial statements within 90 days of your fiscal year end. Timely reporting helps confirm your financing needs and avoid disruptions to your credit services.
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Annual statement:
Available on request, your business can receive an annual statement by mail, issued by National Bank.
What remains unchanged
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Current lending terms:
After you migrate, your current lending agreements with CWB Maxium Financial will remain intact until your next credit event, except for certain specifics detailed in the appendix in the Product and Service Migration Guide – Maxium Financial. Preexisting fees will remain unchanged and may be reviewed at your next annual review or credit event, unless otherwise stated.
When will my other products migrate?
If you hold multiple products with any CWB Financial Group®, please see the full migration schedule to learn when each will migrate.
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Contact your Relationship Manager
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