Terms and Conditions

The Member Referral Promotional Offer

The Meridian Credit Union Limited (“Meridian”) Member Referral Offer (the “Referral Promotion”) is an incentive-based promotion to reward existing Members for referring friends and family. The Referral Promotion is available from November 1, 2024 until December 31, 2024 (the “Offer Period”).  The Referral Promotion is available to all existing Meridian Members. A $50 cash bonus (“Cash Referral Bonus”) can be earned by each existing Member (the “Referring Member”) who refers a prospective Member ("Referred Friend”) to Meridian who then fulfills the eligibility criteria described below. The following terms and conditions apply to the Referral Promotion (“Terms and Conditions”). 

TERMS AND CONDITIONS  

Eligibility Criteria  

The following eligibility criteria must be satisfied by both the Referring Member and the Referred Friend for the Referring Member to earn the Cash Referral Bonus:  

Referring Member 

1. Must have a Meridian Membership share. Meridian Members are required to hold a $1 Membership share, which is fulfilled at time of account opening (the "Share"). 
2. Must be 18 years of age, or older, at the time of participation.
3. Must provide to the prospective Referred Friend with the information requested in the Promotion digital referral form (the “Referral Form”). The Referral Form requires the following information from the Referring Member: first name, last name, email, and phone number.

Referred Friend

1. Referred Friends must meet all the following criteria:

• Reside in Ontario, Canada. 
• Be 18 years of age, or older, at the time of participation.  
• Have not held a Share as of October 31, 2024. 
• Purchase a Share by opening an Account (defined below) between November 1, 2024 and December 31,2024. 
• Open an eligible Meridian chequing account (the “Account”). An eligible chequing account under this promotion includes any of the following packages:  Senior Everyday Chequing Package, Senior Unlimited Chequing Package, Essential Chequing Package, Everyday Chequing Package, Digital Chequing Package, Unlimited Chequing Package, and/or Student Chequing Package.  
• Maintain a balance of at least $40 (forty dollars CAD) in the Account, after Account opening and following the deduction of all applicable account fees, until the validation date as specified in payout schedule noted below (the “Balance”).

(collectively, the “Referral Promotion Eligibility Criteria”)

General Terms 

1. Referring Members can receive the Cash Referral Bonus for each Referred Friend who satisfies all of the Referral Promotion Eligibility Criteria. 
2. Except as may be set out in the Terms and Conditions, all terms and conditions applicable to products and services held with Meridian are not amended by the Terms and Conditions and continue to apply during and after the Referral Promotion. 
3. This is a limited time offer. The Terms and Conditions, including the overall availability of the Referral Promotion, are subject to the absolute discretion of Meridian and may be changed at any time by Meridian without further notice.  
4. Meridian reserves the right to amend, withdraw or terminate the Referral Promotion at any time, without further notice. If Meridian amends the Terms and Conditions, Meridian will make available the updated Terms and Conditions in branch or on Meridian’s website.  
5. Meridian is not responsible for incorrect or absent Referring Member information in the Referral Form. Meridian will attempt to obtain and/or clarify Referring Member information to ensure that it is correct and can be validated to facilitate the Cash Referral Bonus payout.  
6. Employees of Meridian are eligible to participate in the Referral Promotion up to a maximum of 10 Cash Referral Bonus payouts. Meridian employees are not limited to the number of referrals they can make, but Meridian will only payout a maximum of 10 Cash Referral Bonuses per employee. 
7. By sharing the referral email and, or sharing the details of the Referral Promotion, the Referring Member consents to their personal information (full name, phone number, and email address) being shared with Meridian via the Referral Form.  The personal information provided in the Referral Form is used solely to verify the Referring Member’s existing Membership, and to execute the payout of the Cash Referral Bonus. 
8. By participating in this Referral Promotion, all participants agree to comply with all applicable laws and regulations. Any attempt to manipulate or exploit the Referral Promotion will result in disqualification. 
9. Meridian is not liable for any loss or damage arising from or in connection with this Referral Promotion, including but not limited to direct, indirect, or consequential losses. 
10. Any dispute, controversy, or claim arising out of or relating to this Referral Promotion, 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. This Referral Promotion 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 Accounts.

For any questions or concerns regarding this promotion, please contact 1-866-592-2226. 

CASH REFERRAL BONUS PAYOUT 

1. The Cash Referral Bonus is awarded to the Referring Member on the following conditions: 
   a.The Referred Friend satisfies the Referral Promotion Eligibility Criteria. 
   b.The Referred Friend opens an Account through the Referral Promotion page on Meridian’s website or makes it known that they would like to participate in the Referral Promotion when opening an Account in branch. 
   c.The Referred Friend maintains the Balance in the Account for the specified period in the Payout Schedule below. The Referred Friend’s Account must be in good standing until the Cash Referral Bonus is awarded. 
   d. Meridian can validate the Referring Member is an existing Member who meets the Referral Promotion Eligibility Criteria. 
2. After the Referred Friend meets the Referral Promotion Eligibility Criteria, Meridian will deposit the Cash Referral Bonus into the Referring Member’s Account as per the payout schedule outlined below. 
3. The Referring Member must accept the Cash Referral Bonus payments in the form that it is awarded and must be a Member of Meridian at the time the Cash Referral Bonus is paid; no substitutes are permitted. 
4. The Cash Referral Bonus payout will be made to only one Referring Member for each new eligible Referred Friend, that meet the Referral Promotion Eligibility Criteria.

PAYOUT SCHEDULE 

Cash Referral Bonuses will be paid by Meridian on the last day of the month or the following business day if it falls on a weekend. 

The New Member Promotional Offer 

The new member offer is available to all prospective individuals including, but not limited to, Referred Friends from the Members Referral Promotional Offer, who do not have an active Meridian Membership to share. (“New Members”) and sign up for a $1 Membership share between November 1, 2024 and December 31, 2024, which is fulfilled at time of account opening (the "Share"). A $50 cash bonus (“Cash Bonus”) can be earned by each New Member who opens a new Meridian chequing account and meets the eligibility criteria outlined below (the “New Member Promotion”). The following terms and conditions apply to the New Member Promotion (“Terms and Conditions”).  

TERMS AND CONDITIONS  

Eligibility Criteria of the Offer  

The following criteria must be satisfied by the New Member to qualify for the New Member Promotion.  

New Member 

1. New Members must meet all the following criteria:

• Reside in Ontario, Canada. 
• Be 18 years of age, or older, at the time of participation 
• Have not held a Share as of October 31, 2024. 
• Purchase a Share by opening an Account (defined below) between November 1, 2024 and December 31,2024. 
• Open an eligible Meridian chequing account (the “Account”). An eligible chequing account  under this promotion includes any of the following packages: Senior Everyday Chequing Package, Senior Unlimited Chequing Package, Essential Chequing Package, Everyday Chequing Package, Digital Chequing Package, Unlimited Chequing Package, and/or  Student Chequing Package.  
• Maintain a balance of at least $40 (forty dollars CAD) in the Account, after Account opening and following the deduction of all applicable account fees, until the validation date as specified in payout schedule noted below (the “Balance”). 

(collectively, the “Referral Promotion Eligibility Criteria”)

General Terms  

1. Except as may be set out in these Terms and Conditions, all Terms and Conditions applicable to products and services held with Meridian are not amended by these Terms and Conditions and continue to apply during and after the Offer. 
2. This is a limited time offer. The Terms and Conditions of the Offer, including the overall availability of the New Member Promotion, are subject to the absolute discretion of Meridian and may be changed at any time by Meridian without further notice. Meridian reserves the right to amend, withdraw or terminate the New Member Promotion at any time, without further notice. If Meridian amends the Terms and Conditions, Meridian will make available the updated Terms and Conditions in branch or on the Meridian website.  
3. Redemption of the Cash Bonus by a New Member who applied for the New Member Promotion is limited to one per person and may not be combined with any other cash incentive offer. 
4. To be eligible for the New Member Promotion and Cash Bonus, New Members must satisfy the following requirements when opening their Account: 
   a. Identify in branch that they are opening an Account as part of the New Member Promotion; or open an Account through the New Member Promotion webpage on Meridian’s website; and 
   b. Qualify for an Account through Meridian’s standard process which includes a qualification process that requires a credit check. Consent is obtained during Meridian’s account opening process through the New Member Promotion page, and/or in person in a branch. 
5. By participating in this New Member Promotion, all participants agree to comply with all applicable laws and regulations. Any attempt to manipulate or exploit the New Member Promotion will result in disqualification. 
6. Meridian is not liable for any loss or damage arising from or in connection with this New Member Promotion, including but not limited to direct, indirect, or consequential losses. 
7. Any dispute, controversy, or claim arising out of or relating to this New Member Promotion, 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. 
8. This New Member Promotion 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 Accounts.

For any questions or concerns regarding this promotion, please contact 1-866-592-2226. 

CASH BONUS PAYOUT 

1. After the New Member meets all of the New Member Promotion Eligibility Criteria, Meridian will deposit the Cash Bonus as per the payout schedule outlined below, into the New Member’s Account.  If the Account is not in good standing, the Cash Bonus will not be paid out. Payout is at Meridian’s sole discretion. 
2. The New Member must accept the Cash Bonus in the form that it is awarded and must be a Member of Meridian with an Account at the time the Cash Bonus is paid; no substitutes are permitted.

PAYOUT SCHEDULE 

Cash Bonuses will be paid by Meridian on the last day of the month or the following business day if it falls on a weekend. 

Published on November 1st, 2024.