Open a new bank account at Meridian and get $300*
Around here, banking is different
Ever wondered if a credit union would be a better fit for you? Unlike larger financial institutions, Meridian and other credit unions are owned by their Members, not by shareholders. At Meridian, this means we reinvest profit into the products and services, financial tools, and community programs that best serve our Members.
As Ontario’s largest credit union, we help Members save, borrow, and invest, and we actively support the communities we serve.
Ready to get your offer? Follow these steps:
Step 1. Did an existing Meridian Member refer you?
If yes, please complete this Member referral form. If not, skip down to Step 2!
All fields are required.
Step 2. Select your chequing package from the options below.
Once you've chosen, click “Get offer” and follow the prompts to submit your application.
Note: To be eligible for this offer, you must open the new account through the links below.
Not ready to join online? Come to a branch and mention this offer to open your new account and get your $300*
A low-cost option for seniors with moderate banking needs.
All your monthly transactions, plus a $2,000 minimum monthly balance option to waive the package fee.
A comprehensive package for seniors who want unlimited flexibility.
Unlimited self-serve transactions plus a $5,000 minimum monthly balance option to waive the package fee.
Perfect for those who bank infrequently.
Get the basics for a low monthly package fee regardless of your monthly balance.
The ideal package for those who prefer to bank digitally.
Unlimited self-serve transactions plus a $3,000 minimum monthly balance option to waive the package and additional transaction fees.
Perfect for those who bank more often.
More included transactions plus a $2,000 minimum monthly balance option to waive the package fee.
A comprehensive package for those who want unlimited flexibility.
Unlimited self-serve and personal service transactions plus a $5,000 minimum monthly balance option to waive the package fee.
Designed with the student in mind. Available for Members⁴ between ages 18 - 25.
No monthly package fee, plus unlimited self-serve transactions and up to 99 rebated Interac e-Transfers.
To qualify for this offer you must not currently have a $1 Meridian Member Share Account.
To qualify for this offer you must not currently have a $1 Meridian Member Share Account.
A Meridan Share Account is an account where the Member holds at least one Membership share (each valued at $1), enabling the Member to transact with Meridian, buy an investment, apply for a mortgage, etc. This is a standard part of the Member onboarding process and will be facilitated by the Meridian representative during account opening.
If your Meridian account was not active as of May 9, 2024, you are eligible for this offer.
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Open a qualifying account through this offer page OR identify in branch that you are opening a new chequing account as part of this offer.
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Successfully open the $1 Member Share Account and new chequing account.
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Fund your new chequing account with a minimum of $40 in the first 60 days after opening.
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Set up a monthly recurring direct deposit of a minimum of $100 from your employer, the government, or your pension for at least three months.
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New Members can expect the $300 bonus payout deposited within a month after satisfying all eligibility requirements. For example, if you open your new account on May 9, 2024 and satisfy all criteria, your bonus will be deposited by October 31, 2024.
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Referring Members can expect the $50 referral bonus to be deposited after your referred friend or family member satisfies all eligibility requirements. Therefore, payout will occur within the same timelines as those for your referred friend or family member. View the full payout schedule in the Terms and Conditions
Yes. You don’t need to be referred to be eligible for the $300 cash bonus, but you do need to meet all eligibility criteria as outlined in the Terms and Conditions.
Yes and no. If you do not fill out the Member referral form on this page, the referring Member will not receive the $50 bonus. However, you can still open a qualifying account and receive the $300 offer if you meet all eligibility criteria.
No. Only new Members are eligible for the cash bonus during the offer period.
Access a direct deposit form from your computer:
- Sign into Meridian online banking
- Click “Select an Action” in the drop-down menu beside your new chequing account
- Click “Direct Deposit Form” from the list
- Click “Deposit Form” from the list
- Select your new chequing account from the list
- Click “Create PDF”
You now have a personalized form to set up your recurring direct deposit.
Access a direct deposit form from your mobile app:
- Sign into the Meridian mobile app
- Select your new chequing account
- Click the “Summary” tab
- Scroll down and click “Download direct deposit form”
- Make sure your new chequing account is selected under “Account”
- Click “Generate PDF”
You now have a personalized form to set up your recurring direct deposit.
Don’t have our mobile app yet? Download it now
Available to Members aged 18 and older. All features and transactions included in the monthly package fee.
| Fee type and description | Fee details |
|---|---|
| Package fees | |
| Monthly package fee | $3 |
| Minimum monthly balance (MMB) to waive additional transaction fees5 | Not applicable |
| MMB to waive package fee5 | Not applicable |
| Transactions included in package | |
| Self-serve1 | 15 included ($1.25 per additional transaction) |
| In branch2 | 5 included ($1.25 per additional transaction) |
| Cheques4 | 2 included ($1.25 per additional cheque) |
| Deposits | Free |
| Rebated Interac e-Transfers®3/ month | 4 included ($1.50 per additional transfer) |
| Monthly interest | Not applicable |
Available to Members aged 18 and older. All features and transactions included in the monthly package fee.
| Fee type and description | Fee details |
|---|---|
| Package fees | |
| Monthly package fee | $9 |
| Minimum monthly balance (MMB) to waive additional transaction fees5 | Not applicable |
| MMB to waive package fee5 | $2,000 |
| Transactions included in package | |
| Self-serve1 | 25 included ($1.25 per additional transaction) |
| In branch2 | 5 included ($1.25 per additional transaction) |
| Cheques4 | 2 included ($1.25 per additional cheque) |
| Deposits | Free |
| Rebated Interac e-Transfers®3/ month | 6 included ($1.50 per additional transfer) |
| Monthly interest | Not applicable |
Available to Members aged 18 and older. All features and transactions included in the monthly package fee.
| Fee type and description | Fee details |
|---|---|
| Package fees | |
| Monthly package fee | $14 |
| Minimum monthly balance (MMB) to waive additional transaction fees5 | $3,000 |
| MMB to waive package fee5 | $3,000 |
| Transactions included in package | |
| Self-serve1 | Unlimited |
| In branch2 | 0 included ($1.25 per transaction if MMB not maintained) |
| Cheques4 | 0 included ($1.25 per cheque if MMB not maintained) |
| Deposits | Free |
| Rebated Interac e-Transfers®3/ month | 99 included ($1.50 per additional transfer) |
| Monthly interest | Not applicable |
Available to Members aged 18 and older. All features and transactions included in the monthly package fee.
| Fee type and description | Fee details |
|---|---|
| Package fees | |
| Monthly package fee | $19 |
| Minimum monthly balance (MMB) to waive additional transaction fees5 | Not applicable |
| MMB to waive package fee5 | $5,000 |
| Transactions included in package | |
| Self-serve1 | Unlimited |
| Personal service (in branch)2 | Unlimited |
| Cheques4 | Unlimited |
| Deposits | Free |
| Rebated Interac e-Transfers®3/ month | 99 included ($1.50 per additional transfer) |
| Monthly interest | Not applicable |
Available to Members aged 18-256. All features and transactions included in the monthly package fee.
| Fee type and description | Fee details |
|---|---|
| Package fees | |
| Monthly package fee | $0 |
| Minimum monthly balance (MMB) to waive additional transaction fees5 | Not applicable |
| MMB to waive package fee5 | Not applicable |
| Transactions included in package | |
| Self-serve1 | Unlimited |
| In branch2 | 5 included ($1.25 per additional transaction) |
| Cheques4 | 2 included ($1.25 per additional cheque) |
| Deposits | Free |
| Rebated Interac e-Transfers®3/ month | 99 included ($1.50 per additional transfer) |
| Monthly interest | Not applicable |
Available to Members aged 60 and older. All features and transactions included in the monthly package fee.
| Fee type and description | Fee details |
|---|---|
| Package fees | |
| Monthly package fee | $3 |
| Minimum monthly balance (MMB) to waive additional transaction fees5 | Not applicable |
| MMB to waive package fee5 | $2,000 |
| Transactions included in package | |
| Self-serve1 | 25 included ($1.25 per additional transaction) |
| In branch2 | 5 included ($1.25 per additional transaction) |
| Cheques4 | 2 included ($1.25 per additional cheque) |
| Deposits | Free |
| Rebated Interac e-Transfers®3/ month | 6 included ($1.50 per additional transfer) |
| Monthly interest | Not applicable |
Available to Members aged 60 and older. All features and transactions included in the monthly package fee.
| Fee type and description | Fee details |
|---|---|
| Package fees | |
| Monthly package fee | $9.50 |
| Minimum monthly balance (MMB) to waive additional transaction fees5 | Not applicable |
| MMB to waive package fee5 | $5,000 |
| Transactions included in package | |
| Self-serve1 | Unlimited |
| In branch2 | Unlimited |
| Cheques4 | Unlimited |
| Deposits | Free |
| Rebated Interac e-Transfers®3/ month | 99 included ($1.50 per additional transfer) |
| Monthly interest | Not applicable |