$50 Member Referral Offer Terms & Conditions

Between October 1, 2023, and December 31, 2023 (the “Offer Period”) Innovation Federal Credit Union selected (Innovation) members are eligible for a $50 Member Referral Bonus (the “Offer”), provided the following terms and conditions are met. 

Eligibility:

Referring Members must be a current member of Innovation. 

Referred New Members must be a new customer to Innovation, be 18 years of age or older, be a Canadian resident, meet Innovation’s membership and account opening approval criteria, and cannot have been an Innovation member since January 2016. This offer is not available to residents of Quebec. 

Offer Conditions:

The referring member will be eligible to receive the $50 referral bonus, after the referred new member has met the following conditions: 

1. Successfully open an Innovation No-Fee Bank Account (the “Account”). 
   
2. Deposit a minimum of $5.00 into their account to pay for the cost of the membership share fee; and
   
3. After 60 days of successfully opening their Account: 
   

• Has conducted a minimum of 15 incoming or outgoing transactions from the Account, and
  
• The Account must be active and in good standing (not in an unauthorized overdraft or in a delinquent status) during the 60-day period. 
  

Additional Information: 

After the Offer Conditions have been met, the $50 Offer will be deposited into the Referring Member and Referred New Members’ Innovation No-Fee Bank Account or other operating account, in the third month following the month, the referred new members’ account was opened. For example: If a Referred New Member opens their account in October 2023, and meets the Offer Conditions by November 2023, the $50 bonuses will be deposited by December 31, 2023. The Referred New Member's No-Fee Bank 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. 

The Referred New Member 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 . 

Offer is non-transferable and is not valid in conjunction with any other Offer. 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 or applicant who appears to be manipulating or abusing the Offer or appears to be engaged in any suspicious/fraudulent activity.

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. 

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.