Expired Hot Deals

[Meridian Credit Union] Earn 1% cash bonus

  • Last Updated:
  • Feb 28th, 2018 9:03 pm
[OP]
Newbie
May 6, 2008
37 posts
39 upvotes
Toronto

Earn 1% cash bonus

Deal Link:
Savings:
1%
Retailer:
Meridian Credit Union
Limited time offer.
Only transfers-in of registered deposits (RRSP, TFSA, RRIF) from plan issuers other than Meridian or those affiliated with Meridian are eligible for the 1% Cash Bonus Offer.
See full terms and conditions for details.
https://www.meridiancu.ca/RRSP-1-Cash-Bonus.aspx
22 replies
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Oct 15, 2016
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Newbie
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Jul 15, 2016
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FYI: a minimum of a $10000 transfer from another institution into a meridian registered account ( RRSP.TFSA etc..) is required to qualify for the cash bonus.
Last edited by OntMathTeach on Jan 6th, 2018 11:28 pm, edited 1 time in total.
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Mar 9, 2012
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Kitchener
OntMathTeach wrote:
Jan 6th, 2018 11:28 pm
FYI: a minimum of a $10000 transfer from another institution into a meridian registered account ( RESP.TFSA etc..) is required to qualify for the cash bonus.
Just noted my RRSP went up 1% over the past week. Good week obviously....

Does anyone know how well these credit unions perform RRSP wise?
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May 8, 2009
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What about a churn? If you transfer over money to a Meridian account, how long would you have to keep it there to keep that 1% bonus? Excludes HISA's it seems. Someone would have to point out the steps taken to cash in on that 1% within a short amount of time (I expect within 90 days maximum) and keep that bonus incentive for me to understand how this is a hot deal.
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Jul 15, 2016
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titaniumtux wrote:
Jan 6th, 2018 11:36 pm
What about a churn? If you transfer over money to a Meridian account, how long would you have to keep it there to keep that 1% bonus? Excludes HISA's it seems. Someone would have to point out the steps taken to cash in on that 1% within a short amount of time (I expect within 90 days maximum) and keep that bonus incentive for me to understand how this is a hot deal.
You could do a TFSA HISA..
Link to Terms and Conditions: https://www.meridiancu.ca/Meridian/medi ... n-Book.pdf
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OntMathTeach wrote:
Jan 6th, 2018 11:43 pm
You could do a TFSA HISA..
Link to Terms and Conditions: https://www.meridiancu.ca/Meridian/medi ... n-Book.pdf
Looks like you can keep the bonus once it's been paid into the account. Only thing is, we have no idea how long it takes for them to pay out that 1% bonus.
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[OP]
Newbie
May 6, 2008
37 posts
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Toronto
titaniumtux wrote:
Jan 6th, 2018 11:49 pm
Looks like you can keep the bonus once it's been paid into the account. Only thing is, we have no idea how long it takes for them to pay out that 1% bonus.
they will give you the bonus incentive on the spot that money arrives in Meridian
Sr. Member
Jul 22, 2010
626 posts
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toronto
titaniumtux wrote:
Jan 6th, 2018 11:49 pm
Looks like you can keep the bonus once it's been paid into the account. Only thing is, we have no idea how long it takes for them to pay out that 1% bonus.
How long do you have to keep the money with meridian for though? Is there a clawback period?
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Scavos wrote:
Jan 11th, 2018 2:22 pm
How long do you have to keep the money with meridian for though? Is there a clawback period?
I can't see any, but would be interesting to find out. I suppose they figure you won't transfer out so quickly since it'd be a TFSA...
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Member
Dec 3, 2009
236 posts
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Hmm this is pretty tempting.

Now just got to do the math to determine whether the transfer fee will be worth it. Looks like Tangerine charges $45 to transfer TFSA...

Looks like Meridian charges $100 for transferring TFSA out within 90 days as well.
Sr. Member
Jan 23, 2009
623 posts
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ontario
titaniumtux wrote:
Jan 11th, 2018 3:25 pm
I can't see any, but would be interesting to find out. I suppose they figure you won't transfer out so quickly since it'd be a TFSA...
I got the email i called CSR told me must keep $$$ for one year
[OP]
Newbie
May 6, 2008
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Toronto
pentiumvi wrote:
Jan 12th, 2018 2:32 am
Hmm this is pretty tempting.

Now just got to do the math to determine whether the transfer fee will be worth it. Looks like Tangerine charges $45 to transfer TFSA...

Looks like Meridian charges $100 for transferring TFSA out within 90 days as well.
they said they will cover the transfer fee
[OP]
Newbie
May 6, 2008
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Toronto
agit wrote:
Jan 12th, 2018 10:10 am
I got the email i called CSR told me must keep $$$ for one year
i phoned in and asked their advisor but i heard totally 2 different stories Lol
Member
Dec 3, 2009
236 posts
43 upvotes
Has anyone jumped on this deal?

If so, can you confirm when the bonus appears in your Meridian account?

I've also been told must keep money for one year, but don't see anything in terms and conditions. Wonder what the penalty for withdrawing early is....

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