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Cash Bonus Offer for Account Balance Transfers – Terms and Conditions

Cash Bonus Offer for Account Balance
Transfers – Terms and Conditions

Meridian Credit Union Limited (“Meridian”) in conjunction with Aviso Financial Inc. (“AFI”) is offering a one (1) percent bonus on cumulative eligible transfers for a cash back award (the ”Award”) with a value of up to $750 dollars to new and existing Members (the “Offer”).


About Aviso Wealth

“Aviso Wealth” is a trade name of AFI and a registered trademark of Aviso Wealth Inc. (“Aviso”)

AFI is a dual-registered dealer, registered under applicable Canadian securities regulation and is a member of the Canadian Investment Regulatory Organization (“CIRO”) and a wholly owned subsidiary of Aviso. Aviso is a wholly owned subsidiary of Aviso Wealth LP, which in turn is owned 50% by Desjardins Financial Holding Inc. and 50% by a limited partnership owned by the five provincial Credit Union Centrals and The CUMIS Group Limited.

Online brokerage services are offered through Qtrade Direct Investing. Mutual funds and other securities are offered through Aviso Wealth. Qtrade Direct Investing and Aviso Wealth are divisions of Aviso Financial Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, cash balances, mutual funds and other securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Mutual funds and other securities are not guaranteed, their values change frequently, and past performance may not be repeated.


Offer Period

This Offer will be available from January 2, 2025 to March 3, 2025 (“Offer Period”).

Qualifying Assets must be initiated within the Offer Period and received into a Qualifying Account no later than May 31, 2025, 4:00PM Toronto, Canada Time (the ‘Funding Deadline’) and remain in a Qualifying Account until July 31, 2025.


Eligibility Criteria

The following eligibility criteria must be satisfied by the new or existing Member:

  1. Be the age of majority in their province or territory.
  2. Be a legal resident of Canada.
  3. Be a new or existing Meridian Member (“Member”).


Qualifying Actions

The following actions (“Qualifying Actions”) must be completed in order to be eligible to receive the Award:

  1. Register for the Award through a Meridian Employee during the Offer Period (“Award Registration Requirement”).
  2. If the Member is not an existing Aviso Wealth account holder, open a new nominee account at Aviso Wealth which may be any of the following: (a) registered retirement savings plan accounts; (b) spousal registered retirement savings plan accounts; (c) locked-in registered retirement savings plan accounts; (d) registered retirement income fund accounts; (e) spousal registered retirement income fund accounts; (f) life income fund accounts; (g) tax free savings accounts; (h) non-registered accounts; (i) registered education savings plan accounts; (j) registered disability savings plan accounts; (k) first home savings accounts (“Qualifying Account”).
  3. Transfer a minimum of $7,500 or more in investable assets or cash from another Canadian financial institution(s) (“Qualifying Assets”) to a Qualifying Account(s) between January 2 and May 31, 2025.
  4. The following will not be eligible for the Award: a) any assets transferred from any AFI platforms including Aviso Wealth, Aviso Insurance Inc., Qtrade Direct Investing, or Qtrade Guided Portfolios b) transfers of cash, Guaranteed Investment Certificate or Class A Shares originating from Meridian accounts c) options d) cash e) money market funds f) personal mortgages g) fixed income securities with a duration of less than six months h) shared of Canadian-controlled private corporations i) units of limited partnerships j) securities not listed on a Canadian or U.S. marketplace recognized by Meridian in its sole discretion (“Non-Qualifying Assets”).
  5. Any transfers of Non-Qualifying Assets must be converted to a Qualifying Asset by June 1st, 2025. The Award will be calculated on the net deposit value of Qualifying Assets transferred into a Qualifying Account(s) between January 2nd 2025 and May 31, 2025. (“Funding Period”)
  6. The market value of the Qualifying Assets at the time of deposit will be used to determine the 1% Award.
  7. The maximum Award a Member can receive is $750.
  8. Any withdrawals that occur within the Funding Period, will be subtracted from the Qualifying Assets. To remain eligible to receive the Award, there must be a minimum of $7500 in the Qualifying Account as of July 31, 2025.
  9. Transfers or deposits received into a Qualifying Account after the Funding Period will not qualify for this Offer.
  10. Qualifying Assets transferred into Qualifying Accounts (“Qualifying Investments”) must have a collective minimum market value, as determined by the valuation method set forth herein of $7,500 as of the date of transfer and the minimum value of $7500.00 must remain in the Qualifying Investment until July 31, 2025 to remain eligible to receive the Award.
  11. The Award is determined by Meridian in its sole discretion and is payable on New Assets and Qualifying Investments.


Award Valuation and Payment

  1. Earn up to a 1% cash Award on Qualifying Investments. Qualifying Assets will be valued according to the combined value of Canadian and U.S. denominated Qualifying Assets deposited into a Qualifying Account. U.S. balances will be converted into CAD at prescribed rates in effect at Meridian to determine eligibility.
  2. If a Member qualifies to receive the Award, the applicable 1% Award will be deposited to the applicable Qualifying Account(s), in CDN currency, after May 31, 2025 but no later than July 31, 2025.
  3. Members must notify Meridian no later than August 31st, 2025 4:00 p.m. Toronto, Canada time if the Award has not been deposited into the Qualifying Account. Any notice received after this date, will not be accepted and you will be deemed not to have qualified for the Offer.


General Terms

  1. The Offer cannot be combined with any other offer.
  2. This is a limited time Offer. The terms and conditions of this Offer, including the overall availability of the Offer, are subject to the absolute discretion of Meridian and may be changed by Meridian at any time without further notice. Meridian reserves the right, at any time, without prior notice and in its sole discretion, to add, alter or modify all or any of these terms and conditions or to replace the Offer, wholly or in part, with any other offer, whether similar to this Offer or not, or to withdraw this Offer altogether.
  3. Meridian reserves the right to suspend, disqualify, limit or revoke the Offer to any Member it finds or believes to be manipulating or otherwise abusing the process, fairness, or integrity of the Offer.
  4. Additional terms and conditions apply to opening an account with Meridian, and Aviso Wealth, and the transfer in, and operation of, accounts at Meridian, and Aviso Wealth.
  5. Meridian shall have the exclusive right to determine the amounts, if any, payable under the Offer.
  6. Meridian and Aviso Wealth are not responsible for transfers that are not initiated or received during the Qualifying Period due to problems or technical malfunctions of telephone networks or lines, computer online systems or servers, computer software problems or traffic congestion on the internet or at any website, or any other delays on the part of the delivering institution.
  7. Meridian representatives that are not registered with Aviso Wealth and are not involved in any investment decision involving a Qualifying Account held at Aviso Wealth.
  8. The Aviso Wealth representative managing a Qualifying Account must be affiliated with Meridian.
  9. By participating in this offer, the Member agrees to indemnify, defend, and hold harmless Meridian, its affiliates, and their respective directors, officers, employees, agents, representatives, successors, and assigns (collectively, "Releasees") from and against any and all claims, including legal fees and expenses on a full indemnity basis, that may be brought against or incurred by any of the Releasees as a result of or in connection with this Offer, any actions or omissions of the Member, or any breach by the Member of the terms and conditions governing this Offer. This indemnity shall survive the termination, completion or expiry of the Offer between the Member and Meridian.
  10. Any dispute, controversy, or claim arising out of or relating to this Award, including any question regarding its existence, interpretation, validity, breach, or termination, shall be resolved through binding arbitration in accordance with the Arbitration Act, 1991 (Ontario). Either party may initiate the arbitration process by providing written notice to the other party of their intent to arbitrate. The arbitration shall be conducted by a single arbitrator mutually agreed upon by both parties. If the parties cannot agree on an arbitrator within thirty (30) days of the notice of arbitration, the arbitrator shall be appointed by a judge of the Ontario Superior Court of Justice. The arbitration shall take place in Toronto, Ontario, and shall be conducted in English. The dispute will be resolved by arbitration at ADR Chambers using the ADR Chambers Expedited Arbitration Rules. The arbitrator shall have the authority to order pre-hearing exchanges of information and documents. The fees and expenses of the arbitrator shall be shared equally by the parties, unless otherwise determined by the arbitrator. Each party shall bear its own legal fees and costs associated with the arbitration. The decision of the arbitrator shall be final and binding on both parties. Judgment upon the arbitrator’s award may be entered in any court having jurisdiction thereof.
  11. The Award is intended for promotional purposes only and do not constitute financial or legal advice or an opinion related to the acquisition, suitability or use of any of the New Assets or Qualifying Investments.
  12. Participation in this Award is your acknowledgement that you have read these terms and conditions, and you agree to be bound by these terms and conditions.
  13. For any questions or concerns regarding this Award, please contact our Contact Centre Toll free at 1-866-592-2226.