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$50 bonus (+$50 for charity) with new no-fee chequing account
March 16, 2018
7:31 pm
odinson
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https://nofee.duca.com/

$50 for you + $50 for a "DUgood charity of your choice" (with a very long list provided). There's nothing I can see about expiry of this promotion. Here's what the page says:

"*New Members MUST register here https://www.duca.com/dugood/join-in/ in order to collect $50 and designate the charity of their choice for the other $50.

Investment of $1.00 DUCA Membership Share is required to open an account. Within 90 days of opening, the new Member will receive a $50 credit by direct deposit to a specified DUCA account. For a charity to be considered, it must be registered in Canada and must have a charitable organization certificate. DUCA reserves the right, at our sole discretion, to change, modify or otherwise alter these terms and conditions at any time."

Would indeed appear to be for new members only, as I received this message upon starting the application:

Sorry, we can’t process your request. If you are an existing DUCA Member, please contact your branch or Member Connect (1.866.900.3822)

sf-yell$%#@! I just joined earlier this week for 3.15% promo. If I'd known, I'd have joined using the no-fee promo first, and THEN opened the savings account afterward).

March 17, 2018
1:49 am
Loonie
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Your loss may help someone else.

March 23, 2018
4:31 pm
odinson
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I called in and was able to open the no-fee chequing account with no problem, despite having joined before the promotion. Was promised the promo bonus $50 within 90 days (not sure if that means it'll be deposited in 90, or deposited earlier and kept on hold for 90).

March 24, 2018
9:38 am
Sadaharu
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I think I can get this bonus and use a referrer? If so, feel free to DM me a referral name/code.

Thanks!

September 29, 2018
12:08 am
Loonie
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it doesn't have to be a chequing account. This is available on a one-time basis to any new member. You can designate any charity that is registered with CRA. It doesn't have to already be on the DUCA list. They will add yours to their list if necessary.
The charity will get the money the following January. You will receive your $50 after the membership has been open for 90 days. No referral is required.

September 29, 2018
5:32 am
canadian.100
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This is another one of those unnecessarily complicated promos. No need to mix in a charitable donation when opening a bank account. One can donate on their own with their own money and get a tax receipt. Duca will of course write off the charitable donation on their own books.

September 29, 2018
4:51 pm
Loonie
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I was happy to be able to give my favourite charity $50 without it costing me anything. The charitable tax credit wouldn't cover my entire cost.

The corporate charitable endeavours that really bug me are the ones where they twist the arms of all their employees to "volunteer" their time, money, and/or effort to support a corporate charitable undertaking which is then contributed by the corporation for its own tax relief. Thinking of some big banks for instance...

All banks and CUs support charities in one way or another. I like the idea that I, as a partial owner, get to say where my bit of that money goes and that I don't have to "volunteer" to make it happen.

September 30, 2018
6:01 am
canadian.100
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Loonie said

The corporate charitable endeavours that really bug me are the ones where they twist the arms of all their employees to "volunteer" their time, money, and/or effort to support a corporate charitable undertaking which is then contributed by the corporation for its own tax relief. Thinking of some big banks for instance...
  

I (not a bank employee) "NEVER" felt arm-twisted to work on a corporate charitable undertaking, but I have picked up that you generally seem to have it in for all "big banks" and their shareholders.

October 24, 2018
2:02 pm
Oscar
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For me this was very simple. I was asked what charity I would like my donation to go to and as I was unaware of the promotion beforehand I picked the first one that came to mind. Done. Then the money was deposited in my account within the 90 day window.
An example of a corporate charitable endeavor that I find offensive is the LCBO employees to mooch on behalf of the United Way as I am handing over almost half the purchase price in taxes.

June 27, 2020
11:35 am
Oscar
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Duca now seems to be making donations to "charities" of their choice.
Way to go Doug , helping to stir the pot.
https://www.duca.com/about-us/resources/duca-news/doug-conick-comments-standing-up-for-the-marginalized/
https://blacklivesmatter.ca/

June 27, 2020
1:17 pm
smayer97
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Oscar said
Duca now seems to be making donations to "charities" of their choice.
Way to go Doug , helping to stir the pot.
https://www.duca.com/about-us/resources/duca-news/doug-conick-comments-standing-up-for-the-marginalized/
https://blacklivesmatter.ca/  

Actually kinda sad to see...everyone is jumping onto the bandwagon because of shame, false senses of guilt, peer-pressure, not wanting to stand out and be seen as indifferent or not supporting the latest fad. But they do not realize how much they are being bamboozled. Yes, there ARE legitimate issues BUT things are NOT what they seem. Don't be fooled. Do your homework and do not buy into every story that is being promoted.

June 27, 2020
3:14 pm
Loonie
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Nothing sad about it at all. All banks and CUs support some sort of organizations in their communities. Nice to see something more than junior sports teams etc. being recognized for a change.

Vague innuendo about alleged bamboozlement is not helpful and has an unpleasant ring to it. But if you don't like what DUCA is doing, by all means don't use them.

June 27, 2020
4:06 pm
Nehpets
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DUCA has been a long time advocate for community support and has provided various vehicles where clients along with the CU could donate to worthy causes.

I believe the original program referred to in this thread dates back to 2018 where DUCA donated $50 to the charity of your choice in your name if you were a client at that time and has since been replaced by other initiatives.

I too find the comments to be insensitive at best and disturbing at worst:

Duca ... making donations to "charities" of their choice...... helping to stir the pot.

sad to see..... jumping onto the bandwagon...false senses of guilt, peer-pressure, ... supporting the latest fad. ...being bamboozled. .. NOT what they seem. Don't be fooled.

Is there some resentment that DUCA CEO, Doug Conick refers to the Pride movement as having endured discrimination, and concludes with a donation to Black Lives Matter in the article in question.

The words of Doug Conick say it best:

Let’s continue to take care of ourselves and each other, celebrate our differences while honestly trying to learn more about the experiences of others, take pride in who we are and our roots, and treat everyone with kindness and respect. We all have it within us to do that and make the world the best it can be.

As has been said, express disapproval of policies and actions of a financial institution by not doing business with them.

I would respectfully submit that approval or disapproval of these views is a matter of personal opinion, and to mock the altruistic intentions of this community minded financial institution insults those who support and share those views.

Stephen

June 27, 2020
4:42 pm
smayer97
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@Stephen/Nehpets @Loonie,

Are you guys the thought police or something? the posts were in reply to an opinion. If someone posts and opinion in this forum then you should not be surprised that other opinions may follow. Who are you to then be the judge of which views are to be posted? Are only approval posts approved?

If you disapprove of views being posted then don't post any, even your disapproval of a view. Otherwise, that is just hypocritical.

June 27, 2020
5:18 pm
Oscar
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I think the organization has an agenda that is divisive. If I take Doug's words to heart and" take pride in my roots and who I am " then I am a racist and have white privilege according to this organization so I would have to take a knee. They are a well funded international organization that has demands that if implemented would cause a great deal of damage to our country. I provided a link to their Canadian website. Do you agree with their demands to de fund the Toronto Police by 50% immediately ?
DE FUND THE POLICE

Immediately redirect a minimum of 50 percent of the $1.1 billion TPS budget toward the communities they have devastated by investing in secure, long-term housing for street-involved and unhoused communities, food security programs, public transit, public health, public libraries, and community-led anti-violence programs.
DECRIMINALIZE POVERTY, DRUGS, HIV & SEX WORK

Release and expunge record for all poverty-related charges (including bylaw infractions, solicitation, sleeping outside, public urination, loitering, solicitation).
Decriminalize drugs, sex work, and HIV status.
Release and expunge records of all drug-related and sex work charges.
By the way Stephen , it's your opinion that this was an act of altruism . Seems politically motivated to me . That's my opinion.

June 27, 2020
5:55 pm
Jon
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This is a forum on personal finance and investment, and not a forum on politics.

3 things that is on my mind:
1. Most CSR (cooperate social responsibility) is not much more than PR scheme.
2. Everyone is free to make accusation of others, but if the accuser fail to come up with credible evidence, than it is nothing more than libel.
3. The website is the property of the owner, henceforth he or she can ask anyone to leave and delete/modify their comment, just like a business owner can refuse to serve any clients the owner deem inappropriate. There is really no such thing as free speech on the internet.
4. Power corrupts and absolute power corrupts absolutely, that's the reason why police in marginalized (poor) communities seems to be more violent. That's because those communities have little recourse against the action of the government and its agent. #ThatsJustHumanNature

Corrected a misuse of word.

June 27, 2020
6:23 pm
smayer97
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Jon said
This is a forum on personal finance and investment, and not a forum on politics.

I agree.

BTW, on the one hand, my position is "I [may] disapprove of what you say, but I will defend to the death your right to say it".

On the other hand, it is not my intention to politicize this thread. And if all that was said was 'let's keep this thread on topic', I'm all for it and would support that.

BUT if someone denies the first point, I will defend that.
(I wish more people had that frame of mind).

Please write your comments in the forum.