Could I pay an early-payoff charge in Canada?

Applies to: Canada.

Yes, an early payoff in Canada may involve a charge. Your agreement determines whether a charge applies to paying off the balance before the scheduled end of the arrangement.

There may also be options to make accelerated monthly or annual payments without a penalty. Those options should be checked separately from a full early payoff.

Before deciding on a payment amount or completion date, ask Customer Care to confirm:

• Your available prepayment options and allowances.
• Any charge for your proposed payment or full payoff.
• The payoff amount and the instructions that apply to your account.

Use the terms of your Canadian agreement when comparing an extra payment with paying off the full balance.