Get a $50 bonus!*

No-Fee Chequing Account
No-Fee Chequing Account available for personal use only. SIN is not required as a condition of opening an account. If you prefer not to provide your SIN for our online application, please visit one of our branch locations to apply or call 1.866.446.7001 for more information.

ATM transactions for the No-Fee Chequing Account are free at ding free ATM locations.

Innovation Federal Credit Union banking services are not available in Quebec.

Huskies Athletics $50 Account Opening Offer
Between August 26, 2026, and April 30, 2027 (the “Offer Period”), Qualifying Account Holders* are eligible to be paid a one-time Innovation Federal Credit Union New Member Bonus in the amount of $50.00 (the “Offer”), subject to the terms and conditions outlined below (“Terms and Conditions”).

By entering or using a promotional code in connection with this Offer, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions. If you do not agree to these Terms and Conditions, do not use the promotional code or participate in this Offer.

The promotional code (the “Promo Code”) for this Offer is: HUSKIE50

Terms & Conditions

1. Qualifying Account Holders

*A Qualifying Account Holder must:

• Be a new member of Innovation Federal Credit Union (“Innovation”) and must not have been an Innovation member at any time between January 1, 2016 and the start of the Offer Period;
• Be the age of majority in your province of residence;
• Be a Canadian resident and must not be a resident of Quebec; and
• Meet Innovation’s membership and account opening approval criteria (including without limitation identity verification, fraud prevention, and all legal and regulatory requirements).

2. Offer Conditions

A Qualifying Account Holder will be eligible to receive the Offer after meeting the following conditions:

(a)  Successfully open a personal Innovation Federal Credit Union No-Fee Chequing Account (the “Account”) through Innovation’s Digital Onboarding Platform during the Offer Period and enter the Promo Code when prompted during account opening. The Promo Code may be made available through channels approved by Innovation and may include digital channels or printed promotional materials distributed at Huskie Athletics games or events. Only Promo Codes issued or authorized by Innovation are valid for this Offer. The Promo Code must be entered at the time of account opening and cannot be added after the account-opening process has been completed;

(b)  During the 60-day period after successfully opening an Account, a Qualifying Account Holder must conduct a minimum of 15 qualifying incoming or outgoing transactions on the Account. For the purposes of this Offer, “qualifying incoming or outgoing transactions” means transactions posted to the Account that Innovation determines, acting reasonably, demonstrate active use of the Account. Examples may include debit card purchases, bill payments, pre-authorized debits, direct deposits, electronic funds transfers, Interac e-Transfer®, ATM withdrawals, or other similar account activity. This list is provided for illustrative purposes only and is not exhaustive. Transactions that are reversed, returned, declined, cancelled, fraudulent, or otherwise invalid will not count toward the transaction requirement; and

(c)  The Account must remain open, active, and in good standing (not in an unauthorized overdraft or in a delinquent status) from the time of account opening until the time that the Offer is paid by Innovation.

3. Additional Information

If a Qualifying Account Holder meets the conditions described in these Terms and Conditions, Innovation will make a one-time deposit of $50.00 into the Account, payable by the end of the third calendar month after the month in which the Account was opened. For example, if a Qualifying Account Holder opens their Account in September 2026 and meets the Offer Conditions by November 2026, the $50 bonus will be deposited by December 31, 2026. The Qualifying Account Holder’s No-Fee Chequing Account must be active and in good standing (not in an unauthorized overdraft or in a delinquent status) at the time of the Offer payment. Innovation may verify eligibility and compliance with these Terms and Conditions before paying the Offer.

The recipient(s) of the Offer will be charged a fee of $30 if they close their Account within 180 days of opening the Account, as set out in Innovation’s Account and Fee Information brochure.

This Offer is intended to be available through Innovation’s Digital Onboarding Platform. If a prospective member requires assistance to complete the account-opening process, Innovation may, in its discretion, provide assistance in branch or by phone. In those circumstances, the prospective member must identify the Promo Code before or during account opening, and Innovation staff must confirm that the prospective member has been provided with or directed to these Terms and Conditions before the account is opened.

If the Account is opened as a joint account, the primary account holder must enter the Promo Code during the initial account-opening process. A joint Account will not be eligible for the Offer unless the joint Account is successfully opened during the Offer Period, all Account holders meet applicable eligibility requirements, and all other applicable Offer conditions are met. Joint Accounts will only be eligible for one Offer payment of $50.00.

This Offer is non-transferable and is not valid in conjunction with any other offer. There is a limit of one Offer per Qualifying Account Holder, subject to the qualifications on joint accounts above. The recipient of the Offer is solely responsible for any tax consequences associated with their receipt of the Offer.

Innovation is not responsible for any failure, delay, error, interruption, or technical issue that may affect account opening, promotional code entry, transaction processing, or Offer eligibility.

Innovation employees and directors and their immediate family members are not eligible for the Offer.

All dollar amounts referred to in these Terms and Conditions are in Canadian dollars.

Innovation reserves the right to cancel or change these Terms and Conditions at any time without notice, subject to applicable law. Innovation may also deny, revoke, or delay payment of the Offer if Innovation reasonably determines that a person has manipulated or abused the Offer, provided false or misleading information, or otherwise appears to be engaged in any suspicious or fraudulent activity. 

This Offer is made available by Innovation in connection with its collaboration with Huskie Athletics. Huskie Athletics may make the Promo Code available through Huskie Athletics games, events, digital channels, or printed promotional materials. Innovation is solely responsible for determining eligibility and administering and paying the Offer. No statement, representation, promotion, or communication made by Huskie Athletics or any third party will modify these Terms and Conditions or otherwise bind Innovation. Any Huskie Athletics names, logos, trademarks, or other marks used in connection with the Offer are used with permission and remain the property of their respective owner(s).

In the event of any inconsistency between these Terms and Conditions and any advertising, promotional material, or event communication relating to the Offer, these Terms and Conditions will prevail.

Innovation reserves the right to interpret and administer these Terms and Conditions in a fair and reasonable manner, and its decisions regarding eligibility and administration of the Offer will be final.

Member Rewards Cash Dividend for Youth
The $10 youth cash dividend is given each quarter upon Innovation Board approval to members 18 years of age and under. Learn more about Member Rewards.

$100 Member Referral Offer

1. Offer Overview

Between October 1, 2026, and December 31, 2026 (the “Offer Period”), Innovation Federal Credit Union members in Canada (excluding Quebec) are invited to refer friends and family to Innovation Federal Credit Union (“Innovation”). If a referred person opens a No-Fee Chequing Account and meets the conditions below, the Referring Member and the Referred New Member will each receive a $100 bonus (together, the “Offer”), subject to these Terms & Conditions.

2. Definitions

• “Referring Member” means a current Innovation member who refers another person under this Offer.
• “Referred New Member” means the person who opens an eligible account after being referred by a Referring Member.
• “Account” means an Innovation Federal Credit Union No-Fee Chequing Account.
• “Qualifying transaction” means any deposit, withdrawal, bill payment, transfer or debit purchase posted to the Account.
• “Good standing” means an account that is active and is not in an unauthorized overdraft or a delinquent status.

3. Eligibility — Referring Member

• Must be a current Innovation member.
• Must have reached the age of majority in their province or territory of residence and be a Canadian resident outside Quebec.
• Must hold an open, active Innovation account that is in good standing.
• Employees of Innovation and their immediate family members are not eligible.

4. Eligibility — Referred New Member

• Must be new to Innovation, or a former member who has not been a member since January 1, 2016.
• ·Must have reached the age of majority in their province or territory of residence and be a Canadian resident outside Quebec.
• Must meet Innovation’s membership and account opening approval criteria.
• ·Employees of Innovation and their immediate family members are not eligible.

Referrals must be made by December 31, 2026. The remaining Offer conditions may be completed after that date, within the timelines set out below.

5. Offer Conditions — Referring Member ($100 Member Referral Bonus)

The Referring Member will be eligible to receive the $100 Member Referral Bonus after the Referred New Member has met each of the following conditions:

• Successfully opens an Account, online or at an Advice Centre, by December 31, 2026;
• Enrolls in Digital Banking through Innovation’s mobile app or online banking; and
• Within 60 days of opening the Account, conducts a minimum of 15 qualifying transactions, with the Account remaining active and in good standing throughout the 60-day period and at the time the Offer is paid.

The Referring Member’s own account must be in good standing at the time the Offer is paid.

6. Offer Conditions — Referred New Member ($100 New Member Bonus)

The Referred New Member will be eligible to receive the $100 New Member Bonus after meeting all of the following conditions:

• Successfully opens an Account, online or at an Advice Centre, by December 31, 2026;
• Enrolls in Digital Banking through Innovation’s mobile app or online banking; and
• Within 60 days of opening the Account, conducts a minimum of 15 qualifying transactions, keeping the Account active and in good standing throughout the 60-day period and at the time the Offer is paid.

7. Payment of the Offer

• Each $100 bonus will be deposited into the eligible recipient’s No-Fee Chequing Account (or other operating account) in the third month following the month the Referred New Member’s Account was opened, provided all Offer Conditions have been met. Example: for an Account opened in October 2026, the bonus is deposited by January 31, 2027.
• There is no limit on the number of referrals a Referring Member can make. Each Referred New Member generates one $100 Member Referral Bonus and one $100 New Member Bonus.
• For a joint Account, only one $100 New Member Bonus will be paid, deposited into the joint Account.
• Bonuses may be a taxable benefit. The recipient is solely responsible for any tax consequences.

8. Combination With Other Offers

This Offer cannot be combined with any other new member or referral cash bonus offer.

9. General Terms

• The Referred New Member will be charged a fee of $30 if they close their No-Fee Chequing Account within 180 days of opening it, as per Innovation’s Account and Fee Information brochure. Account fees and features are described in that brochure and in the Account agreement.
• The Offer is non-transferable and has no cash equivalent.
• Immediate family means spouse, children (including stepchildren and sons/daughters-in-law), anyone in a guardianship capacity, parents (including stepparents), siblings and siblings-in-law, grandparents and grandchildren of the individual or their spouse.
• Innovation may change or cancel this Offer without notice, except that members who have already met the Offer Conditions will receive the Offer as described.
• Innovation may revoke the Offer for any member who appears to be manipulating or abusing the Offer or engaging in suspicious or fraudulent activity. Innovation’s records are final and determinative in all matters relating to the Offer.
• Questions or concerns? Our complaint-handling process, including how to escalate to our Consumer Complaints Officer and to the external complaints body, is available on our website and in branch.

10. Privacy

Personal information collected in connection with this Offer (including referral information and account details) will be used to administer the Offer, verify eligibility, and process bonus payments. Innovation will handle personal information in accordance with its Privacy Policy (available at https://www.innovationcu.ca/legal/privacy-and-security.html) and applicable privacy law.

11. Release and Limitation of Liability

By participating in this Offer, each participant agrees to release and hold harmless Innovation Federal Credit Union, its directors, officers, employees, agents, and representatives from any claims arising from participation in the Offer or receipt of any bonus payment. To the fullest extent permitted by law, Innovation’s total liability in connection with this Offer will not exceed the value of the applicable bonus payment.

12. Governing Law

This Offer is governed by the laws of the Province of Saskatchewan and the federal laws of Canada applicable therein.