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[Meridian] 1% bonus (up to $750) when you transfer TFSA or RRSP to Meridian (ON)

  • Last Updated:
  • Jan 16th, 2019 7:28 pm
Newbie
User avatar
Jul 14, 2014
38 posts
34 upvotes
Toronto
Don't have the facebook link with me but yesterday I called and the rep confirmed they are covering the transfer fees.
[OP]
Deal Addict
Aug 5, 2006
3263 posts
1049 upvotes
Global Village
fogo wrote:
Jan 9th, 2019 3:10 pm
How would you initiate a TFSA transfer? On your banks side or Merodian's side?
You bring a tfsa bank statement to Meridian and they transfer the funds from your current bank.
All day I dream about sports
Deal Addict
User avatar
Apr 30, 2005
1925 posts
314 upvotes
Toronto
we’ll give you a 1% cash bonus up to $7501

there are some fine prints i could not find. it's $750 ^1, can't find the superscription. so if i transfer BOTH tfsa (75000) AND RSP (75000), do i get 750 + 750 = 1500?
Deal Addict
Dec 15, 2009
1036 posts
268 upvotes
Ontario
Are the offering investment products other than gics?
Sr. Member
User avatar
May 19, 2015
753 posts
284 upvotes
Does it have to be a transfer and not just me moving money into their TFSA?
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Jr. Member
Sep 9, 2005
187 posts
13 upvotes
mrsteven wrote:
Jan 4th, 2019 2:38 am
Eligibility Criteria
In order to qualify for the 1.0% Cash Bonus Offer, Members must satisfy all of the following eligibility criteria:

2. Meridian Members who are Retail Members.

Retail Members? what is this?
I called Meridian customer service and CS told me retail member means the personal account, not a business account.
Deal Addict
Dec 6, 2006
4226 posts
938 upvotes
Toronto
scoper wrote:
Jan 9th, 2019 4:07 pm
You bring a tfsa bank statement to Meridian and they transfer the funds from your current bank.
Does the current Rafa have to be in all cash? If I have stocks can they transfer in kind.
Jr. Member
Nov 12, 2017
156 posts
34 upvotes
The vast majority of my money is already in Meridian, in a GIC, which will expire before this deadline. Will it be possible to transfer my money out, only to bring it back in before the March 1 deadline?

And also, can the transfers be done online or does it have to be in branch?
Deal Fanatic
Aug 21, 2007
5033 posts
272 upvotes
Markham
forgetpwd wrote:
Jan 9th, 2019 5:39 pm
we’ll give you a 1% cash bonus up to $7501

there are some fine prints i could not find. it's $750 ^1, can't find the superscription. so if i transfer BOTH tfsa (75000) AND RSP (75000), do i get 750 + 750 = 1500?
From my interpretation of the fine print, you can only get the 1% one time - for a single registered account (either TFSA or RRSP)
SignedA wrote:
Jan 9th, 2019 6:13 pm
Does it have to be a transfer and not just me moving money into their TFSA?
Yes - must be a transfer - per my interpretation of terms and conditions
qiao wrote:
Jan 9th, 2019 8:19 pm
I called Meridian customer service and CS told me retail member means the personal account, not a business account.
Agreed - was told the same - so appears don't have to go in branch - however, may suggest doing it over the phone to ensure you get everything entitled to
[OP]
Deal Addict
Aug 5, 2006
3263 posts
1049 upvotes
Global Village
boyohboy wrote:
Jan 9th, 2019 11:36 pm
Does the current Rafa have to be in all cash? If I have stocks can they transfer in kind.
Gotta be cash, Meridian doesn't have a brokerage.
All day I dream about sports
Sr. Member
Jul 11, 2008
973 posts
409 upvotes
Seems other banks are offering promos that are somewhat similar to this 1. I was at a local td branch last night and the teller was telling me about a td promo going on atm where if you open a rrsp (new product) with td and deposit a minimum $1000 into the rrsp, you get $100 bonus from td. She wasnt sure about the details like if it is locked into a gic etc and encouraged me to book an appointment with a financial adviser at the branch - found her quite pushy so she is likely making some commision or hitting targets for the branch in doing so but the point is, other banks may be offering similar promos
Deal Addict
User avatar
Apr 30, 2005
1925 posts
314 upvotes
Toronto
adeel wrote:
Jan 10th, 2019 10:38 am
From my interpretation of the fine print, you can only get the 1% one time - for a single registered account (either TFSA or RRSP)



Yes - must be a transfer - per my interpretation of terms and conditions



Agreed - was told the same - so appears don't have to go in branch - however, may suggest doing it over the phone to ensure you get everything entitled to

I called the branch this morning, the guy actually told me you could get up to 750 on each registered account, so it would be 1500 max. well, i have to see if this is so when I go to branch or if someone has been branch please double check and confirm on this.
Newbie
Jan 10, 2011
24 posts
2 upvotes
Toronto
Is there a credit check for opening a tfsa?

Edit: just read the terms and it looks like fund has to be transferred from some where else.

It also mentioned that the fund has to be transferred into the account before May 31. Does it mean as long as I opened the new registered account on or before March 1st and I should be able to get the bonus even do the transfer at a later date?
Jr. Member
Sep 9, 2005
187 posts
13 upvotes
Is Meridian a member of Canada Deposit Insurance Corporation (CDIC)? Not sure if the deposit is secured.

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