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As one of Canada’s largest credit unions, Meridian Credit Union provides its members with a range of financial products and services.
One such account is their convenience plus chequing account, which offers many benefits to Canadians looking for a reliable banking option.
With no monthly fee, free transactions, and access to thousands of Automated Teller Machines (ATMs), this account is designed to make banking easy and convenient. Keep reading to learn more about what makes Meridian Credit Union’s convenience plus chequing account the perfect option for Canadians.
What is Meridian Credit Union?
Meridian Credit Union is a financial organisation based in Canada that provides financial products and services to its members.
Meridian provides various mortgage packages such as fixed-rate, variable, construction, and hybrid mortgages, among others. Meridian Credit Union also offers personal bank services such as chequing and savings accounts.
What is Meridian Credit Union Convenience plus chequing account?
In General, Meridian offers customers seven personal chequing account options, including Pay As You Go, Limitless, Convenience, Electronic, Convenience Plus, and U.S. Dollar chequing.
The Convenience Plus Chequing Account is a personal chequing account that offers a multitude of valuable services, such as unrestricted access to free transactions, unrestricted access to free drafts, and many more.
The Convenience Plus Chequing Account offered by Meridian Credit Union is a great option for people looking for a basic chequing account that allows for an unlimited number of free transactions and comes with other convenient features.
Additionally, the account entitles the holder to four free Interac e-Transfers each month, one complimentary check order each year, and a fifteen percent reduction off the monthly cost of renting a safety deposit box.
Meridian cardholders enjoy access to more than 43,000 surcharge-free ATMs throughout North America, thanks to partnerships with the Exchange Network in Canada and the Allpoint Network in the United States.
To be eligible to establish a Convenience Plus Chequing Account, you have to be a legal resident of Canada and at least 18 years old. You must also supply additional information, such as documentation proving your identity.
Features of Meridian Credit Union Convenience plus chequing account
The following are features that are associated with the Convenience plus chequing account package;
Unlimited free transactions
This is a great feature of convenience, plus a chequing account. Meridian’s “unlimited free transactions” policy allows you to make as many transactions as you want without incurring further costs.
The transactions could be withdrawals through an ATM (automated teller machine), wire transfers conducted over the Internet, etc.
Free bank drafts (Canadian Dollars only)
Bank drafts are secure financial instruments that can be used to send money to people. It can also be used to make payments for goods and services.
Bank drafts are often accepted by establishments that do not take credit cards. This is likely due to the fact that they are seen as a mode of payment that is more secure than cash or cheques.
You are eligible for up to four free monthly bank drafts if you have a Meridian Plus Convenience Chequing Account. This benefit allows you to request as many bank drafts as you need without incurring additional costs.
Free cheque order and a 15% discount off the safety deposit box rental fees.
Meridian Credit Union gives members of this package one free cheque order per year. The 15% discount off safety deposit box rental fees means that you will receive a 15% discount on the monthly rental fee for a safety deposit box. Thus, you will save significant money by taking advantage of the convenience plus chequing account.
Free Interac e-transfers
The Meridian convenience plus chequing account package comes with four free interac e transfers per month.
This package allows you to send or receive 4 Interac e-Transfers monthly without paying any fees. After the end of each month, the fees for the Interac e-Transfers will be refunded to you.
Monthly fee
After opening a chequing account, you must pay a monthly fee for using that account. The monthly cost that you are obliged to pay in order to maintain a convenience plus chequing account is $12.
How to open a Meridian Credit Union convenience plus chequing account
You can open a Meridian Credit Union Convenience Plus chequing account through their branch, online and telephone banking. If you plan to visit the branch nearby, check the Meridian Credit website and click the “Find Us” tab.
After clicking on it, the website will use your present location to determine the Meridian credit union branch closest to your location.
Along with the information you need to provide at the branch, you will also need to submit some documents. Some documents include two forms of identification, one of which must be government-issued and evidence of your residence, such as a utility bill or lease agreement.
If you want to avoid going through the stress of going to a physical location, The application procedure at Meridian Credit Union may be completed quickly and easily online. You may apply online without leaving your house, but you’ll still need to supply the same information as if you were applying in person.
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