No-Fee Bank 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 Bank Account are free at ding free ATM locations.

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

Member Referral $2,500 Pick-Your-Tech Prize Draw

Between October 1, 2023, and December 31, 2023 (the “Offer Period”) Referring Innovation Federal Credit Union (‘Innovation’) Members* will be entered into a monthly members-only draw to win a $2,500 Pick-Your-Tech prize, provided the following terms and conditions are met: 

Terms & Conditions

1. Eligibility

*Referring Innovation Members must be an existing member of Innovation and have set up a unique referral link through Innovation’s referral platform, Referral Rock.    

2. Offer Conditions

As a Referring Innovation member, you will be entered into a draw to win a $2,500 Pick-Your-Tech prize, in the month of your referral, after meeting the following conditions:

• Successfully set up a unique referral link using Innovation’s Referral Rock referral platform

• Share your unique referral link with an individual who is not a current member of Innovation Federal Credit Union

3. Additional Information

After the Offer Conditions have been met, the Referring Innovation member will be entered into the corresponding monthly draw to win $2,500 Pick-Your-Tech prize. For example: If a Referring Innovation member shares their unique referral link in October of 2023, they will be entered into the October 2023 draw to win a $2,500 Pick-Your-Tech prize. The draw will occur the week following month end and winner(s) will be randomly selected. Winner(s) will be notified by phone or email. Winner(s) will be provided with a total budget of $2,500 inclusive of shipping, taxes, and additional fees to purchase their choice of technology. Gift card(s) for purchase of technology item(s) will be shipped to a physical address or e-mail address as provided by the winning member(s). 

Limit of one draw entry per month per Referring member. The recipient(s) of the Offer is solely responsible for any tax consequences associated with their receipt thereof. 

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

Innovation reserves the right to cancel or change these Terms and Conditions at any time without notice, for any reason, and to revoke the Offer for any member who appears to be manipulating or abusing the Offer or appears to be engaged in any suspicious/fraudulent activity. 

No-Fee Bank Account $2,500 Pick-Your-Tech Prize Draw 

Between October 1, 2023, and December 31, 2023 (the “Offer Period”) Qualifying Account Holders* will be entered into a monthly draw to win a $2,500 Pick-Your-Tech prize, provided the following terms and conditions are met: 

Terms & Conditions

1. Eligibility

*Qualifying Account Holders must be a new customer/member to Innovation Federal Credit Union (“Innovation”), be 18 years of age or older, be a Canadian resident (excluding Quebec), meet Innovation’s membership and account opening approval criteria, and cannot have been an Innovation member since January 2016.   

2. Offer Conditions

Qualifying Account Holders will be entered into a draw to win a $2,500 Pick-Your-Tech prize, in the month of their account opening, after meeting the following conditions:

1. Successfully open an Innovation No-Fee Bank Account (the “Account”) through the Online Account Opening Application on Innovation’s website; and,

1. Deposit a minimum of $5.00 into you’re their Account to pay for the cost of a membership share.

3. Additional Information

After the Offer Conditions have been met, the Qualifying Account Holder will be entered into the corresponding monthly draw to win a $2,500 Pick-Your-Tech prize. For example: If a Qualifying Account Holder opens their account in October of 2023, they will be entered into the October 2023 draw to win a Pick-Your-Tech prize. The draw will occur the week following month end and winner(s) will be randomly selected. Winner(s) will be notified by phone or email. Winner(s) will be provided with a total budget of $2,500 inclusive of shipping, taxes, and additional fees to purchase their choice of technology. Gift card(s) for purchase of technology item(s) will be shipped to a physical address or e-mail address as provided by the winning member(s). 

The Qualifying Account Holder’s account(s) must also be active and in good standing (not in an unauthorized overdraft or in a delinquent status) at that time of the monthly draw. If the No-Fee Bank Account is opened as a joint account, the primary account holder will be entered into the monthly draw. If the draw is won by a jointly opened account, the prize will be jointly awarded to the account holders. 

The Qualifying Account Holder will be charged a fee of $30 if they close their No-Fee Bank Account within 180 days of opening the Account, as per Innovation’s Account and Fee Information brochure. 

Limit of one draw entry per Qualifying Account Holder, including for joint Account Holders. The recipient(s) of the Offer is solely responsible for any tax consequences associated with their receipt thereof. 

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

Innovation reserves the right to cancel or change these Terms and Conditions at any time without notice, for any reason, and to revoke the Offer for any customer/member who appears to be manipulating or abusing the Offer or appears to be engaged in any suspicious/fraudulent activity.