Editorial Note: Comparewise is supported by our readers. When you find products and services through links on our site, we may earn commission.
As one of the largest credit unions in Canada, Meridian Credit Union offers its members a range of financial products. One of their most popular options is the Limitless chequing account, which allows customers to enjoy unlimited transactions without any monthly fee.
If you are looking for a hassle-free chequing account, then the Meridian Credit Union Limitless chequing account is worth considering. As the name suggests, this account has no limits on transactions, including ATM withdrawals, e-transfers, and bill payments. But what exactly does this account offer, and is it the right choice for you?
In this article, you will get a better understanding of what Meridian Credit Union Limitless chequing account is and why it could be an excellent option for your banking needs.
Who is Meridian Credit Union?
Meridian Credit Union, headquartered in Ontario, is a major Canadian financial organization. With over 360 thousand member-owners, it is the biggest credit union in Ontario and the third-largest in Canada.
Meridian provides services comparable to those provided by large banks while emphasizing a more personal approach. Meridian provides the standard banking services one would expect from a financial institution but at competitive or better prices.
Mortgage rates, chequing accounts, savings accounts, loans, and credit lines are just some of the financial services that Meridian makes available to its customers.
Apart from the Limitless chequing account, Meridian has six other types of Chequing accounts. These accounts are the Senior chequing account, Convenience chequing account, Convenience plus chequing account, Pay as you go chequing account and Electronic chequing account.
What is Meridian Limitless Chequing Account?
Limitless Chequing Account is a personal banking account open to people aged 18-29. Young people or college students are the target audience of this type of chequing account. The limitless chequing account promotes the habit of saving money among younger members.
It has no minimum monthly commitment and no transaction fees, ever. In addition to these benefits, there are other ones to enjoy.
Benefits of Meridian Credit Union Limitless Chequing Account
The following are the benefits of having a limitless chequing account;
No monthly fee
Most of the chequing accounts offered by Meridian need its customers to pay a monthly fee in order to continue using the account and get the perks that come with it. The Limitless chequing account provides its users with a number of perks without charging them a membership fee.
Free Transactions
A limitless chequing account allows you to do various transactions for free on your mobile app or the website. Free transactions include Bill payments, ATM withdrawals, debit card purchases, etc.
Free ATM access
The Exchange Network in Canada and the Allpoint Network in the United States provide Meridian cardholders access to approximately 43,000 surcharge-free ATMs throughout the continent of North America.
Free Interac e-Transfer
Interac e-Transfer is a service that lets Canadians transmit money to anybody else in the country. You may transfer money through your online banking platform or mobile banking app in a safe and hassle-free manner.
Free Interac e-Transfer is a terrific alternative if you need to transfer money to loved ones or coworkers and are concerned about their safety.
The majority of Canadian financial institutions provide free use of Interac e-Transfer. You may inquire about this service from your bank directly to see whether they offer it.
Limitless Chequing Account offers its members four free Interac e-Transfers per month. If you send more than 4 transfers in a month, you will be charged a certain amount for the remaining transfers.
You might also like…
