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Meridian Youth Account Special Offer – Terms and Conditions

Meridian Youth Account Special Offer –
Terms and Conditions

Meridian Credit Union Limited (“Meridian”) welcomes and invites new young people to open a Youth Savings Account (the “Account”) at Meridian. After opening an Account and a Meridian Membership Share (the “Share”) for the first time, Meridian will offer a CDN$100-dollar cash reward (the “Cash Reward”) provided eligibility criteria is met (the “Offer”). The Offer is available between December 6, 2024, and December 31, 2024 (the “Offer Period”). Meridian reserves the right to extend or shorten the Offer Period at its sole discretion.

Eligibility Criteria

The following eligibility criteria must be satisfied by the youth applicant and the youth’s parent or guardian:

Youth Applicant

  1. Reside in Ontario, Canada
  2. Be 17 years of age or under, during the Offer Period
  3. Have not held a Share as of December 5, 2024
  4. Purchase a $1 Share while opening an Account during the Offer Period

Youth’s Parent/Guardian

  1. The Youth’s parent or guardian (the “Parent/Guardian”) must be a Meridian Member and have an active Share.
  2. The Parent/Guardian shall sign the Meridian Membership Agreement for the Account and be added to the Account as a Parent/Guardian with signing authority.
  3. The Parent/Guardian shall provide to Meridian with the youth’s SIN at the time of opening the Account.

(collectively, the “Eligibility Criteria”)

Limitations

  1. Unless otherwise indicated, this Offer cannot be combined with any other personal deposit account offer, reward or rebate.
  2. Only one (1) Cash Reward is available per youth who meets the Eligibility Criteria (“Eligible Youth Member”).
  3. If Meridian discovers that any person has attempted to use multiple names, identities, email addresses and/or any other information to exceed these limits, then they will be disqualified from the Offer, as determined by Meridian at its sole discretion.
  4. Children of employees of Meridian are eligible to participate in the Offer.

Valuation and Payment

  1. If an Eligible Youth Member qualifies to receive the Cash Reward, such Cash Reward will be directly credited to the Account within four (4) to eight (8) weeks from the Account open date and otherwise completing the applicable requirements and subject to Meridian’s terms and conditions.
  2. The Cash Reward is subject to the condition that the Account must remain open, active and unconverted for at least one (1) year from the month-end of the month during which the Account was opened.
  3. The Cash Reward must be accepted as awarded and is not transferable or assignable. No substitutes are permitted.

General Terms and Conditions

  1. This Offer cannot be combined with any other offer from Meridian.
  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 the Offer or not, or to withdraw the Offer altogether. Meridian reserves the right to suspend, disqualify, limit, or revoke the Offer to any Eligible Youth Member and/or Parent/Guardian Member at any time, at its sole discretion.
  3. By participating in this Offer, each participant, including Eligible Youth Members and/or their Parents/Guardians, expressly consents to Meridian, its agents and/or representatives, storing, sharing, using and disclosing the personal information submitted while participating in this Offer for the purpose of administering this Offer and in accordance with the terms of Meridian’s Personal Memberships Account Opening Agreement and Meridian’s privacy policy. 
  4. Additional terms and conditions apply to both the opening and operation of the Account at Meridian. Except as may be set out in the terms and conditions of this Offer, 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.
  5. Meridian shall have the exclusive right to determine the amounts, if any, payable under this Offer.
  6. The Cash Reward is non-transferable and non-exchangeable for any other benefits or items.
  7. By participating in this Offer, Members agree to comply with all applicable laws and regulations. Any attempt to manipulate or exploit the Offer will result in disqualification.
  8. Meridian is not liable for any loss or damage arising from or in connection with this Offer, including but not limited to direct, indirect, or consequential losses.
  9. By participating in this Offer, the Member agrees to indemnify, defend, and hold harmless the Meridian, its affiliates, and their respective directors, officers, employees, agents, representatives, successors, and asigns (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 Member and Meridian.
  10. Any dispute, controversy, or claim arising out of or relating to this Offer, 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 Offer 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.
  12. Participation in this Offer is your acknowledgement that you have read these terms and conditions, and you agree to be bound by these terms and conditions.

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

Publish Date: December 4, 2024