Get upto $150 for opening a Chq acct & setting up PADs & DD
- Deal Link:
- July 31, 2016
There are two offers:
Offer 1 is $100 cash reward open to new Alterna members/clients with the potential for an additional $50 bonus.
Offer 2 is a $50 cash reward open to existing Alterna members/clients that do not have an existing monthly direct deposit and/or monthly pre-authorized debit.
FAQ: https://www.alterna.ca/AboutUs/Promotio ... eChequing/
Fees: https://www.alterna.ca/SharedContent/do ... rsonal.pdf
T&C: https://www.alterna.ca/AboutUs/Promotio ... itions.pdf
Here's how I can see this plan working for non-existing customers:
-Find out if you have a branch nearby (to see if closing will be an issue).
-Open a 'Basic' Chequing Account
-Deposit $1000(to waive monthly fees)+15(CU membership share purchase)+(additional amount for the next steps)
-Setup/Do 2 of the below 3 tasks within 3 months:
--"Deposit via Deposit Anywhere through the Alterna mobile app" Not sure what that means
--Pre Authorized Debit
-Choosing to have (an eligible) Direct Deposit will get you the $50 bonus. (making it $100+$50)
-"Members’ will receive their cash reward payment 12 to 14 weeks after all conditions have been met. The cash reward will be deposited into the Eligible Chequing Account or Existing Chequing Account."
-Kill the PAD/DD/etc after getting the bonus.
-Close the account (if necessary) after a year. This kinda makes it a warm deal?
Interesting quotes off the T&C listed below:
Step 1: The Eligible Member must open a new chequing account on the Basic, Value or Unlimited
banking package (an “Eligible Chequing Account”) during the Offer Period. The Eligible Chequing
Account must be opened either:
a. at an Alterna branch; OR
b. through the Alterna Contact Centre; OR
c. Online at www.alterna.ca or www.alternabank.ca.
Step 2: Within three (3) calendar months following the end of the calendar month during which the
Eligible Member opened the Eligible Chequing Account, the Eligible Member must complete any two (2)
of the following activities to or from the Eligible Chequing Account:
(1) Monthly pre-authorized debit*/**
(2) Online bill payment through online banking or the Alterna mobile app**
(3) Deposit via Deposit Anywhere through the Alterna mobile app**
Eligible Members who have qualified for Offer 1 will receive a $50 bonus if, within three (3) calendar
months following the end of the calendar month during which the Eligible Member opened his/her Eligible
Chequing Account, the Eligible Member sets up and completes a monthly direct deposit*/** to the Eligible
Chequing Account. Limit one (1) $50 bonus per Eligible Member or per account (including joint
The Eligible Chequing must remain open and active for at least one (1) calendar year from the end of the
month during which the Eligible Chequing Account was opened, and the Account or Existing Chequing
Account must remain open and active for one (1) calendar year from the date that the Offer Period began.
I have searched the forums and could not find this offer, forgive me if this is a duplicate post or not 'hot' enough.
Also please let me know if I missed something.