Terms and Conditions for Member Referral Cash Bonus Offer - Transfers to Meridian Wealth

Meridian Credit Union is offering a Member referral cash bonus (“Member Referral Cash Bonus Offer”) from September 6, 2022 to September 30, 2022 to new and existing (“Referring”) Members, subject to satisfaction in Meridian Credit Union's sole discretion, of the eligibility criteria set forth in these terms and conditions.

Eligibility Criteria

Referring Member

In order to qualify for the $1000 Member Referral Cash Bonus Offer, Referring Members must satisfy all of the following eligibility criteria:

1. Meridian Members who have achieved the age of majority in Canada.
2. Meridian Members who are residents of Ontario.
3. Meridian Members who are Retail Members and who have an existing investment account at Credential Asset Management Inc. or Credential Securities.
4. Meridian Members who have referred a new Member to Credential Asset Management Inc. or Credential Securities who meets all criteria outlined in the Referred Member eligibility criteria below.
5. Meridian Members and their family members who are not employees of Meridian Credit Union, Credential Asset Management Inc., or Credential Securities.

Referred Member

  In order to qualify for the $1000 Member Referral Cash Bonus, Referred Members must satisfy all of the following eligibility criteria:

6. Meridian Members who have achieved the age of majority in Canada.
7. Meridian Members who are residents of Ontario.
8. Meridian Members who are Retail Members.
9. Meridian Members who have not held an investment account at Credential Asset Management Inc. or Credential Securities within the past 12 months.

General Eligibility Requirements

10. For the referred Member, registered and non-registered cash, investments, or a combination thereof (“New Assets”) must be transferred into a new investment account at Credential Asset Management or Credential Securities (collectively, the “Qualifying Accounts”) from an investment firm account outside of Meridian Credit Union, motusbank, Credential Asset Management Inc., Credential Securities, Credential Financial Strategies and Qtrade Direct Investing. Options, personal mortgages, units of limited partnerships or securities that are not listed on a recognized exchange or quoted on a recognized quotation or trade reporting system or other market recognized by Meridian Credit Union cannot be transferred in as New Assets.
11. The transfer of New Assets from an investment firm into a Qualifying Account must be initiated no earlier than September 6, 2022 at 9:00 am. Toronto, Canada time (the specific date of transfer is referred to as the “Transfer-In Date”).
12. New Assets must be received into a Qualifying Account no later than 4:00 p.m. Toronto, Canada time on November 30, 2022. The Member Referral Cash Bonus Offer will be paid after November 30, 2022 but no later than December 31, 2022 on New Assets that qualify (Qualifying Investments). Qualifying Investments are all investments held in a Qualifying Account other than Non-Qualifying Investments. Non- Qualifying Investments include the following: Cash, GICs, Prospectus Exempt Products or any products not approved to be received by either Credential Asset Management Inc. or Credential Qtrade Securities (collectively, “Non-Qualifying Investments”).
13. Qualifying Investments must be received on or before November 30, 2022 and must remain in a Qualifying Account until the Member Referral Cash Bonus is paid out.
14. Qualifying Investments must have a minimum market value, as determined by the valuation method set forth herein, of $100,000 per type of Qualifying Account held at Credential Asset Management or Credential Securities.
15. Qualifying Accounts can be (a) registered retirement savings plan accounts; (b) spousal registered retirement savings plan accounts; (c) locked-in registered retirement savings plan accounts; (d) registered retirement income fund accounts; (e) spousal registered retirement income fund accounts; (f) life income fund accounts; (g) tax free savings accounts; (h) non-registered accounts.

Valuation and Payment

16. At the time of receiving the Member Referral Cash Bonus Offer the Member must be a resident of Canada.
17. Valuation of Qualifying Investments will be based on the market value of the Qualifying Investments as of 4:00 p.m. Toronto, Canada time on the Transfer-In Date. If New Assets are transferred in over more than one day, the value for all Qualifying Investments will be based on the date the last New Asset arrived.
18. The amount of the Member Referral Cash Bonus Offer will be $1000 to each of the Referring and Referred Member provided the Referred Member’s Net Qualifying Investments are $100,000.00 or more. The maximum bonus payable is $1000.00 per Referred Member. The Referring Member is eligible for up to 5 cash bonus payouts should he/she refer multiple new Members that meet qualification criteria - the maximum total bonus payable to each Referring Member is $5000.
19. The Member Referral Cash Bonus Offer is determined by Meridian Credit Union in its sole discretion and is payable on new assets that qualify (Qualifying Investments) after November 30, 2022 but no later than December 31, 2022.
20. For the Referred Member, the $1000 Member Referral Cash Bonus will be deposited into the same Qualifying Account as the New Assets, and will be made in the depositing currency. For the Referring Member, the $1000 Member Referral Cash Bonus will be deposited into the Member’s Account held at Credential Asset Management Inc. or Credential Securities. The account type that the Member Referral Cash Bonus will be deposited into will depend on which account types the Referring Member holds at Credential Asset Management Inc. or Credential Securities – The hierarchy of account types for the Member Referral Cash Bonus to be deposited into is as follows: 1) Non-Registered, 2) TFSA, 3) RRSP/Spousal RRSP, 4) RRIF/Spousal RRIF, 5) LIRA/Locked-in RRSP, 6) LIF/Locked-in RRIF.
21. U.S. dollar accounts will be converted at prescribed rates in effect at Meridian Credit Union, Credential Asset Management Inc. or Credential Securities as applicable, as of the Transfer-In Date in order to determine whether Members qualify for the amounts payable pursuant to the Member Referral Cash Bonus Offer. All amounts paid will be paid in the currency in which the Qualifying Investments were denominated at the time of receipt, up to the maximum in Canadian dollars that is expressed herein.
22. All payments pursuant to the Member Referral Cash Bonus Offer will be made by Meridian Credit Union.
23. You have until January 31, 2023 to notify Meridian Credit Union if the Member Referral Cash Bonus Offer has not been deposited into the Qualifying Account. Any notice received after this date, will not be accepted and you will be deemed not to have qualified for the offer.

General Terms

24. This offer can not be combined with any other offer.
25. Meridian Credit Union reserves the right at any time without prior notice and in its sole discretion, to add, alter, modify all or any of these terms and conditions or to replace this offer, wholly or in part, with any other offer, whether similar to this offer or not, or to withdraw this offer altogether. Meridian reserves the right to suspend, disqualify, limit or revoke this offer to any Member it finds or believes to be manipulating or otherwise abusing the process, fairness, or integrity of the Member Referral Cash Bonus Offer.
26. Additional terms and conditions apply to opening an account with Meridian Credit Union, Credential Asset Management Inc., and Credential Securities, and the transfer in, and operation of, accounts at any of Meridian Credit Union, Credential Asset Management Inc., and Credential Securities.
27. Meridian Credit Union shall have the exclusive right to determine the amounts, if any, payable under any offer.
28. All new accounts with Credential Asset Management Inc. and Credential Securities will be opened as nominee accounts.
29. Meridian Credit Union, Credential Asset Management Inc., and Credential Securities are not responsible for transfers that are not initiated or received and completed by the dates stated in Sections 11 and 12 due to problems or technical malfunctions of telephone networks or lines, computer online systems or servers, computer software problems or traffic congestion on the internet or at any website, or any other delays on the part of the delivering institution.
30. Meridian Credit Union representatives that are not registered with Credential Asset Management Inc. or Credential Securities will not be involved in any investment decision involving a Qualifying Account held at Credential Asset Management Inc. or Credential Securities.
31. The Credential Asset Management Inc. or Credential Securities representative managing a Qualifying Account must be affiliated with Meridian Credit Union.
32. Online brokerage services are offered through Qtrade Direct Investing, a division of Credential Qtrade Securities Inc. Qtrade and Qtrade Direct Investing are trade names and trademarks of Aviso Wealth Inc. and its subsidiaries. Credential Financial Strategies Inc. is a member company under Aviso Wealth Inc., offering financial planning, life insurance and investments to members of credit unions and their communities. Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, cash balances, mutual funds and other securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated.