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Email this6:45 pm
September 29, 2017
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Meridian is offering 5% on transfer to their Aviso Wealth service in partnership with QTrade. Max cash bonus is $750, min transfer is $5,000. Transfer must occur by Dec 31, 2025. Cash bonus deposited if funds remain until May 31, 2026.
This offer is the same as QTrade but with a 7 months shorter requirement.
See all details here:
https://www.meridiancu.ca/wealth/meridian-5-cash-bonus-for-account-balance-transfer-offer
5:42 pm
October 21, 2016
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Looks interesting. It does seem that the Meridian offer is more restrictive about how the transferred funds need to be invested (e.g. can't be kept in cash, GICs, money market funds):
The following will not be eligible for the Award: a) any assets transferred from any AFI platforms including Aviso Wealth, Qtrade Direct Investing, or Qtrade Guided Portfolios; b) transfers of cash, guaranteed investment certificates or class A shares originating from Meridian accounts; c) options; d) cash; e) money market funds; f) guaranteed investment certificates; g) personal mortgages; h) fixed income securities with a duration of less than six months; i) shares of any Canadian-controlled private corporations; j) units of limited partnerships; k) securities not listed on any Canadian or U.S. stock exchange not recognized by Meridian in its sole discretion (“Non-Qualifying Assets”).
Any idea if it's possible to take advantage of both this offer and the Qtrade one (with separate funds for each)? Didn't see any terms against it on first look, but I may have missed something.
6:42 am
February 11, 2024
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Axial said
Looks interesting. It does seem that the Meridian offer is more restrictive about how the transferred funds need to be invested (e.g. can't be kept in cash, GICs, money market funds):The following will not be eligible for the Award: a) any assets transferred from any AFI platforms including Aviso Wealth, Qtrade Direct Investing, or Qtrade Guided Portfolios; b) transfers of cash, guaranteed investment certificates or class A shares originating from Meridian accounts; c) options; d) cash; e) money market funds; f) guaranteed investment certificates; g) personal mortgages; h) fixed income securities with a duration of less than six months; i) shares of any Canadian-controlled private corporations; j) units of limited partnerships; k) securities not listed on any Canadian or U.S. stock exchange not recognized by Meridian in its sole discretion (“Non-Qualifying Assets”).
Any idea if it's possible to take advantage of both this offer and the Qtrade one (with separate funds for each)? Didn't see any terms against it on first look, but I may have missed something.
Before I travel to a Meridian branch and possibly waste my time, may I solicit some opinions? Would I be able to transfer TD Cash Management ETF (TSX : TCSH) in kind from a TD EasyTrade TFSA and would that be considered a Qualifying Asset?
12:14 pm
October 21, 2016
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Not certain, but I think cash management ETFs would be considered short-term (less than six months) fixed income securities, and therefore non-qualifying. In which case you could still transfer it in kind, but you'd need to sell it and buy a Qualifying Asset by the funding deadline (March 31).
But that's just my read on it. I may go in and ask myself.
1:13 pm
October 21, 2016
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Just a follow-up after checking in person with Meridian, it seems that Qualifying Assets would need to be invested in one of the specific funds that Aviso Wealth offers (seemed to be a selection of mutual funds from NEI Investments - https://www.neiinvestments.com)
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