$300 Chequing Offer Terms and Conditions

THE OFFER

The Meridian Credit Union Limited (“Meridian”) New Chequing Account Offer is available to all prospective Members who do not have a Meridian Membership share and sign up for a $1 Meridian Membership share (“Membership Share”), open an account, and become a Meridian Member (“New Member”). A $300 cash bonus (“Cash Bonus”) can be earned by each New Member who opens a new eligible chequing account and meets the eligibility criteria outlined below (the “Offer”). Additionally, the eligible chequing account monthly package fee will be waived for the first 12 months. This Offer is available from July 2, 2025, until September 30, 2025 (the “Offer Period”). The following terms and conditions apply to the Offer (“Offer Terms and Conditions”).

ELIGIBILITY CRITERIA OF THE OFFER

To qualify for the Offer, a New Member must meet the following criteria (“Offer Eligibility Criteria”): 

1.  Reside in Ontario, Canada.

2.  Be 18 years of age, or older, at the time of participation.

3.  Have not held a Membership Share as of June 30, 2025.

4.  Purchase a Membership Share during the Offer Period.

5.  Open an eligible chequing account online or in branch, in  any of the following packages: Senior Everyday Chequing Package, Senior Unlimited Chequing Package, Essential Chequing Package, Everyday Chequing Package, Digital Chequing Package, Unlimited Chequing Package, and Student Chequing Package ( “Eligible Chequing Account”).

6.  Qualify for an Eligible Chequing Account through Meridian’s standard process which includes a qualification process that requires a credit check.   Consent is obtained during Meridian’s account opening process through the Offer page, and/or in person in a branch.    

7.  Fund the Eligible Chequing Account with a minimum of $50 (fifty dollars CAD) within 30 days of Eligible Chequing Account opening (the “Deposit”).    

8.  Within the first 30 days of the opening of the Eligible Chequing Account, complete at least one (1) of the following:

1. a.  Set up a recurring monthly direct deposit to your Eligible Chequing Account  of at least $100 per deposit, each month, and maintain this for a minimum of three (3) consecutive months (“Qualifying Direct Deposits”). Qualifying Direct Deposits includes deposits from the following: payroll; pension direct deposits; Canada pension plan; old age security; disability payments, and governmental deposits such as employment insurance; Canada child benefit, Ontario trillium benefit; and veteran disability pension.
2. b.  For individuals who do not receive Qualifying Direct Deposits, establish two recurring monthly pre-authorized debit bill payments to your Eligible Chequing Account of at least $100 per payment each month ("Qualifying Bill Payments"), and maintain both Qualifying Bill Payments for a minimum of three consecutive months. Qualifying Bill Payments are restricted to the following types of payments: car payments, mortgage payments, phone bill payments, utility bill payments and insurance payments.

Qualifying Direct Deposits and Qualifying Bill Payments are collectively, hereinafter referred to as the “Qualifying Transaction”. Meridian reserves the right to determine what is considered a Qualifying Transaction. See payout schedule for dates of the Cash Bonus.

GENERAL TERMS

1.  The Eligible Chequing Account monthly package fee will be waived for the first twelve (12) consecutive months from Eligible Chequing Account opening date “(No Fee Period)”, provided the New Member meets the Offer Eligibility Criteria. A maximum of one (1) Eligible Chequing Account monthly package fee will be waived per New Member. All other applicable service charges on the Eligible Chequing Account will continue to apply. Once the No Fee Period ends, the standard monthly package fee for the Eligible Chequing Account will be charged in accordance with the applicable Meridian rates and fees for personal accounts.    

2.  Except as may be set out in the Terms and Conditions of this Offer, all terms and conditions applicable to products and services held by you with Meridian are not amended by the Terms and Conditions of this Offer and continue to apply during and after this Offer.

3.  This is a limited time Offer. The Terms and Conditions of this Offer, including the overall availability of the Offer, are subject to the absolute discretion of Meridian and may be changed at any time by Meridian without advance notice. Meridian reserves the right to amend, withdraw or terminate this Offer at any time, without further notice. If Meridian amends the Terms and Conditions of this Offer, Meridian will make available the updated Terms and Conditions in branch     or on the Meridian website. 

4.  Redemption of the Cash Bonus by a New Member who is eligible for the Offer is limited to one (1) per person.

5.  This Offer can only be bundled with either the Wealth PAC $250 offer - Terms and Conditions for PAC offer or the Wealth 1% offer - Terms and Conditions for 1% offer     

6.  By participating in this Offer, all participants agree to comply with all applicable laws and regulations and these Terms and Conditions. Any attempt to manipulate or exploit this Offer will result in disqualification.

7.  Any dispute, controversy, or claim arising out of or relating to this Offer, including any question regarding its existence, interpretation, validity, breach, or termination, shall be governed by the laws of the Province of Ontario and shall be resolved exclusively in the courts of Toronto, Ontario. By participating in this Promotion, a participant irrevocably submits to the jurisdiction of such courts and waives any objection to the venue or jurisdiction of such courts.  

8.  Meridian is not liable for any loss or damage arising from or in connection with the Offer, including but not limited to direct, indirect, or consequential losses.

9.  This Offer is intended for promotional purposes only and do not constitute financial or legal advice or an opinion related to the acquisition, suitability or use of any of Meridian’s products or services.

For any questions or concerns regarding this Offer, please contact 1-866-592-2226.

CASH BONUS PAYOUT

1.  After the New Member meets all the Offer Eligibility Criteria and complies with the Offer Terms and Conditions, Meridian will deposit the Cash Bonus as per the payout schedule outlined below, into the New Member’s Eligible Chequing Account. If the Eligible Chequing Account  is not in good standing, the Cash Bonus will not be paid out. Determination of fulfillment of the Offer Eligibility Criteria and compliance with the Offer Terms and Conditions is at Meridian’s sole discretion.

2.  The New Member must accept the Cash Bonus in the form that it is awarded and must be a Meridian Member with an Eligible Chequing Account at the time the Cash Bonus is paid; no substitutes or exceptions are permitted.

PAYOUT SCHEDULE

Cash Bonuses will be paid by Meridian on the last day of the month or the following business day if the last day of the month falls on a weekend.

Published Date: June 11, 2025