Meridian Credit Union To Change Personal Account Fees From September 1st, 2019

Just received notification from Meridian Credit Union, they’re advising their members that starting September 1st, some changes are going to occur in regards to features & fees for their Personal Accounts offers:

Here’s the highlight of the changes:

Starting with their Pay as you Go Accounts, starting September 1, 2019:

  • Minimum deposit of $2000 required to keep transactions free
  • Transactions are $1 each if the minimum balance is not kept
  • 4 free Interac ABM withdrawals (not part of The Exchange Network) will now be discontinued
  • 4 free Interac eTransfers per month will now be added (rebated at end of month)
  • Interac eTransfers are now $1.50 each, up from $1.25 each

With their Limitless Chequing Account (young adult account for ages 18-29), starting September 1, 2019:

  • No minimum balance required like before
  • 4 free Interac ABM withdrawals (not part of The Exchange Network) will now be discontinued
  • 4 free Interac eTransfers per month will now be added (rebated at end of month)
  • Interac eTransfers are now $1.50 each, up from $1.25 each

For other account changes & for more information: https://www.meridiancu.ca/Offers/Retail-Service-Fee-Landing-Page.aspx

Please let me know your thoughts and comments below. 

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Sagar Sridhar

Sagar Sridhar is a personal finance blogger from Canada. His genuine passion for personal finance coupled with his unique style of writing is what stands out. Professionally, he is a computer engineer, agile certified and has a master's degree in Project Management. His writing has been featured or quoted in the leading Canadian publications such as Credit Canada and many other personal finance publications. While he is juggling between his day job and blogging, he is the main author on this blog and has miles to go before making the final pit stop.

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