Other things that I found Adil helpful with: 1) he setup a health care account for me ( I'm a health care professional) which gives a $13 monthly discount on some select monthly transaction plans. However if you have enough money to meet the minimum monthly balance ( depends on the plans - top tier was min $5k) , the fees get waived anyways. 2) Adil said the 6 month free life insurance will involve Desjardins depositing money into your account and the insurance will automatically deduct the cost from your account. 3) other Desjardins offer a similar promo but they offer only $75 per category. Only the Toronto branch is giving $150 per category. However, if u started the account in Toronto, you can visit any other branch to fulfill the categories to get $150 (according to Adil). I just did all mine at the Toronto branch just in case.
Antoine helped me setup a mutual funds account on a separate meeting. Takes 1 hour. I went with a Conservative fund. $500 initial deposit plus $150 monthly ( note it is the $150 monthly deposit to qualify for the $150 bonus). Antoine says they might give the bonus at the 6 month mark for this. Website says for 1 year. Math comes out to placing $2300 total in mutual fund and gain $150 bonus. The mutual fund that I picked had a high Mer which was like 3.17%? ( Don't remember clearly). You can technically take out your money from the mutual fund after you get your bonus but the was some fine print that says you can't touch the money for 90 days after depositing. Otherwise you will pay lots of fees (2% I think ?) I wasn't sure if it was 90 days after the $150 deposits or only the initial deposit of $500. Antoine says he will check up on it and get back to me but I'll er on the side of caution and wait 90 days after my last $150 deposit).