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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, 2021:
- A minimum deposit of $2000 is 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 the 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 is 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 the 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 is an accomplished personal finance blogger hailing from Canada. With a unique blend of quirkiness and enthusiasm, he has established himself as a prominent figure in the personal finance industry. Sagar’s passion for finance, coupled with his engaging writing style, sets him apart from his peers. While he has a background in computer engineering and a Master’s in Project Management, Sagar’s true passion lies in helping others manage their money. His writing has been featured in several top Canadian finance publications, solidifying his status as a sought-after voice in the field. Despite juggling his work and blogging schedule, Sagar remains resolute in his mission to make a lasting impact on the personal finance world.