Hot Deals

[Meridian] free $150 when you open a HISA with minimum $5K deposit

  • Last Updated:
  • Jun 22nd, 2017 11:30 pm
[OP]
Newbie
May 6, 2008
15 posts
16 upvotes
Toronto

free $150 when you open a HISA with minimum $5K deposit

Deal Link:
Expiry:
July 19, 2017
Retailer:
Meridian
for NEW customer ONLY
Open high interest saving account (1.5% interest rate) , deposit $5,000 will get $150
Last edited by Mars2012 on Jun 18th, 2017 11:33 am, edited 1 time in total.
Reason: added details to title
35 replies
Sr. Member
Oct 22, 2006
661 posts
369 upvotes
Ontario
This is pretty good. The $5000 only needs to be locked in for 90 days. If you withdraw it then, you're effectively getting 13.5% interest for 3 months. Much better than the Tangerine lottery.
The offer is awarded on the condition that the recipient agrees to keep the awarded funds on deposit with Meridian for at least 90 days from the deposit date and therefore these funds are not available for withdrawal or other use by the recipient until that time.
Deal Fanatic
Feb 15, 2006
6593 posts
1254 upvotes
Toronto
Title is inaccurate. It's not "free $150"

You have to lock up $5000 for 90 days.

It's not free. It's not for existing customers.
Sr. Member
Nov 5, 2006
670 posts
1599 upvotes
Arrgh wrote:
Jun 18th, 2017 12:12 pm
Title is inaccurate. It's not "free $150"

You have to lock up $5000 for 90 days.

It's not free. It's not for existing customers.
The title is fine. The problem is that you complain too much.

Thanks, OP.
Deal Addict
May 21, 2004
1084 posts
272 upvotes
GTA
dollarsign wrote:
Jun 18th, 2017 11:57 am
This is pretty good. The $5000 only needs to be locked in for 90 days. If you withdraw it then, you're effectively getting 13.5% interest for 3 months. Much better than the Tangerine lottery.
Perhaps I'm reading it differently than you, however, it would appear you just need to open the account with $5,000 and the $150 is deposited shortly. Afterwards, you can withdraw the $5,000 but the $150 must stay in the account for 90 days.

The offer is awarded on the condition that the recipient agrees to keep the awarded funds on deposit with Meridian for at least 90 days from the deposit date and therefore these funds are not available for withdrawal or other use by the recipient until that time.
Deal Addict
User avatar
Aug 6, 2010
1245 posts
392 upvotes
Toronto
Britex wrote:
Jun 18th, 2017 12:25 pm
Perhaps I'm reading it differently than you, however, it would appear you just need to open the account with $5,000 and the $150 is deposited shortly. Afterwards, you can withdraw the $5,000 but the $150 must stay in the account for 90 days.

The offer is awarded on the condition that the recipient agrees to keep the awarded funds on deposit with Meridian for at least 90 days from the deposit date and therefore these funds are not available for withdrawal or other use by the recipient until that time.
If its like their previous promotions. Then you will get the $150 rewarded after 90days ONLY if your $5000 is untouched in the account.
I love Witcher 3!!
Deal Addict
May 21, 2004
1084 posts
272 upvotes
GTA
thiefa wrote:
Jun 18th, 2017 12:30 pm
If its like their previous promotions. Then you will get the $150 rewarded after 90days ONLY if your $5000 is untouched in the account.
Hmmm... It is possible. If that's how it works then you may not be able to touch the $150 until 180 days later. That's 90 days till awarded and then "90 days from the deposit date". I doubt if they mean your initial deposit as I'd infer it to mean when the awarded funds get deposited.
Member
Dec 17, 2014
381 posts
53 upvotes
Britex wrote:
Jun 18th, 2017 12:25 pm
Perhaps I'm reading it differently than you, however, it would appear you just need to open the account with $5,000 and the $150 is deposited shortly. Afterwards, you can withdraw the $5,000 but the $150 must stay in the account for 90 days.

The offer is awarded on the condition that the recipient agrees to keep the awarded funds on deposit with Meridian for at least 90 days from the deposit date and therefore these funds are not available for withdrawal or other use by the recipient until that time.
https://www.meridiancu.ca/personal-bank ... mo150.aspx
Whereabouts does it say it's only the $150 that must stay there for 90 days?
Sr. Member
Oct 8, 2012
794 posts
159 upvotes
Vic
chrl120 wrote:
Jun 18th, 2017 12:57 pm
https://www.meridiancu.ca/personal-bank ... mo150.aspx
Whereabouts does it say it's only the $150 that must stay there for 90 days?
#6

The offer is awarded on the condition that the recipient agrees to keep the awarded funds on deposit with Meridian for at
least 90 days from the deposit date and therefore these funds are not available for withdrawal or other use by the recipient
until that time.
Deal Addict
User avatar
Aug 6, 2010
1245 posts
392 upvotes
Toronto
Britex wrote:
Jun 18th, 2017 12:41 pm
Hmmm... It is possible. If that's how it works then you may not be able to touch the $150 until 180 days later. That's 90 days till awarded and then "90 days from the deposit date". I doubt if they mean your initial deposit as I'd infer it to mean when the awarded funds get deposited.
Apologies let me clarify.

I've done the $1000 deposit get $100 promo before. But for this instance I'll type the correct amount

Say you deposit $5000 today June 18. It will take a long time before the amount is "available" in your account. It took me 5 weeks (don't bother calling they can't do anything).
It's July 19th, your $5000 balance is "available"/"unavailable" (as long as it's showing up in your statement). Bingo you get the bonus!
Bonus gets deposited Aug 3rd. Now you can't touch that $150 for 90 days so that's Nov 3rdish. But if your $5000 is "available" on Aug 3rd. Withdraw if you want or let it grow at 1.5% for another 3 months.

Hope this clarifies a bit.
I love Witcher 3!!
Jr. Member
Dec 4, 2008
157 posts
40 upvotes
thiefa wrote:
Jun 18th, 2017 1:29 pm
Apologies let me clarify.

I've done the $1000 deposit get $100 promo before. But for this instance I'll type the correct amount

Say you deposit $5000 today June 18. It will take a long time before the amount is "available" in your account. It took me 5 weeks (don't bother calling they can't do anything).
It's July 19th, your $5000 balance is "available"/"unavailable" (as long as it's showing up in your statement). Bingo you get the bonus!
Bonus gets deposited Aug 3rd. Now you can't touch that $150 for 90 days so that's Nov 3rdish. But if your $5000 is "available" on Aug 3rd. Withdraw if you want or let it grow at 1.5% for another 3 months.

Hope this clarifies a bit.
Correct. I am currently waiting for my $100 from the $1000 promo (I was in the last batch, $100 bonus was deposited May 10th). I took my $1k out immediately after bonus was deposited.

$5k for $150 is a little less hot than $1k for $100, but free money is free money.

Make sure you set up Money Mover if you do this with MeridianCU, you have to fill out a PDF (I dropped mine off at location), it takes about 2-3 business days to be approved (if you are) and then you get to use it to EFT money in/out with your desired bank account. They need a void cheque IIRC.
Newbie
Jul 23, 2007
81 posts
20 upvotes
York
I cancelled my account with them last year. Am I still qualify for this $150 promo?
Sr. Member
User avatar
Jun 19, 2010
967 posts
325 upvotes
Calgary
I vote this as one of the Worst Thread Titles 2017.
In your pants!
Deal Addict
Jan 6, 2009
1826 posts
266 upvotes
Toronto
I got click baited. It's not a straight up free $150 as explained above by others.
Newbie
May 2, 2017
6 posts
1 upvote
If i deposit a cheque thru their app, how should i withdraw? Etransfer? Link an external chequing?

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