Qualifying Criteria

To earn the one-time cash bonus of up to $400 under the Personal Account Offer, you must complete the following actions during the Offer Period:

Open a new Chequing Account – Earn $200

Step 1: Apply and be approved to become a member of Northern Savings and complete all the requirements for becoming a member, including payment of $5.00 for membership shares of Northern Savings. New member applications may be completed at one of our branches. You can learn more at https://www.northsave.com/about/join.

Step 2: Open a Chequing Account during the Offer Period.

Step 3: Complete the following two transactions within 60 days of opening your Chequing Account:

·         set up and receive at least one of your automated and recurring payroll or pension direct deposits to your Chequing Account; and

·         make at least one bill payment (such as a phone or utility bill) in branch, or with online or mobile banking.

Bundle a Personal Term Deposit – Earn an additional $100

Within 60 days of opening your new Chequing Account, open a new non-redeemable term deposit with a term length of 24 months or longer, and make a minimum deposit of $10,000 to earn an additional $100 bonus.  

Bundle a Personal Line Of Credit - Earn an additional $100

Within 60 days of opening your new Chequing Account, apply and get approved for a new line of credit with a minimum credit limit of $10,000 to earn an additional $100 bonus.

Offer Fulfillment

Once you have completed the steps mentioned above for the opening of a Chequing Account, the $200 bonus will be deposited to your Chequing Account.

The $100 bonus for opening a new term deposit and the $100 bonus for opening a new line of credit will be deposited to your Chequing Account four months from the applicable opening date, provided all of the conditions described above have been met and provided that the term deposit or line of credit, as applicable, has not been withdrawn or closed at the time of payment of the bonus.

Qualifying Criteria

To be eligible for a waiver of the $75 monthly fee for 24 months under the Business 100 Account Offer, you must complete the following steps during the Offer Period.

Open a new Business Chequing Account

Step 1: Apply and be approved to become a member of Northern Savings and complete all the requirements for becoming a member, including payment of $5.00 for membership shares of Northern Savings. New member applications may be completed at one of our branches. You can learn more at https://www.northsave.com/about/join.

Step 2: Open a Business 100 Chequing Account during the Offer Period.

Step 3: Make a deposit into your Chequing Account within 60 days of opening your Chequing Account.

Offer Fulfillment

Once you have completed the steps mentioned above, the monthly fee of $75 associated with the Business 100 Chequing Account will automatically be waived for the first 24 months of account opening.

Northern Savings may in its discretion increase the monthly fee associated with the Business 100 Chequing Account at any time during or after the Offer Period. If Northern Savings increases the Business Chequing Account monthly fee, the fee waiver will continue to apply to your new Business Chequing Account for the applicable 24 months.

The eligible Business 100 Chequing Account will automatically be charged the then-applicable monthly fee after the end of the 24 months.