Terms and conditions
- Open an Operations Account by August 31, 2021.
- Earn a $175 bonus when you:
- Get an additionnal $175 bonus when you:
We will deposit the full bonus you earn directly into your Operations Account within three months of meeting the eligibility criteria and terms and conditions of the offer.
|Account opening||Bonus payout|
|April||By July 31, 2021|
|May||By August 31, 2021|
|June||By September 30, 2021|
|July||By October 31, 2021|
|August||By November 30, 2021|
Welcome offer eligibility criteria:Eligibility for the welcome offer is limited to retail clients who:
- Do not have a personal bank account at Laurentian Bank of Canada (the “Bank”) at the time of the launch of this offeror during the 12-month period preceding the launch of this offer;
- Open their first eligible personal account with the Bank by August 31, 2021;
- Have a tax residence status in Quebec;
- Are aged 18 or older; and
- Comply with the terms and conditions herein.
For the purpose of this offer, the eligible personal account refers only to the Operations Account (category 7).
Promotional period: Refers to the period beginning on April 19 and ending on August 31, 2021, at 3:00 p.m. (EDT)
Bonus: Refers to the amount below credited to your eligible personal Operations Account if you meet all this offer’s eligibility criteria and terms and conditions:
- $175 if you set up an automatic and periodic deposit of your pay or pension benefits to the eligible personal bank account and at least two pre-authorized payments (PAPs)1 from your eligible personal account.
- $175 if you sign up for the Transact without limit plan and overdraft protection.
- A pre-authorized payment is a withdrawal transaction initiated by a participating merchant to whom you have given permission to periodically or occasionally withdraw an amount from your account for the payment of utility bills and dues. Excluded are payments to another financial institution for mortgage repayment, insurance premiums, etc.
After opening your eligible personal account, you have 45 days to comply with all of the offer’s terms and conditions to earn the bonus.
The bonus will be deposited into the eligible personal Operations Account within three months of meeting all of the offer’s eligibility criteria and terms and conditions. Customers are only entitled to one bonus deposited into the Operations Account.
Primary holder: Refers to the person appointed by the Bank as the primary holder in the case of an eligible joint personal account. Only the primary holder is entitled to receive the bonus. This offer is limited to one bonus per customer, regardless of the number of accounts he/she has opened or will open during the promotional period.
Employees of the Bank and its subsidiaries are not eligible for this offer. However, if the eligible personal account is opened jointly by an employee of the Bank and an eligible individual, the bonus may be given to the eligible individual if he/she meets all of the offer’s terms and conditions and is the designated primary account holder.
You must keep your eligible personal account open and in good standing, as well as the products and services established under this offer (direct deposit of payroll or pension benefits, pre-authorized payments (PAPs), Transact without limit plan and overdraft protection) for a period of at least 12 months after opening your eligible personal account.
If you received the bonus, but closed your eligible personal account, switched to a lower-tier product with lower fees or no longer meet one of the offer’s eligibility criteria or terms and conditions, you authorize the Bank to debit, without notice, the amount of the bonus received from your eligible personal account or any other account you hold at the Bank. If you close the eligible personal account, but do not have any other accounts with the Bank, the Bank reserves the right to send you an invoice in the amount of the bonus received, which you agree to pay within 30 days of the postmark.
If you believe you were eligible for this promotional offer and met all of the terms and conditions, but didn’t receive the bonus, you have until December 31, 2021, inclusively, to notify the Bank. Notices received after this date will not be accepted and you will be deemed ineligible for this offer.
Additional terms and conditions applicable to all promotional offers:
The promotional offer and these terms and conditions do not affect, in any way, the administration or other costs associated with the operation of the Bank’s personal accounts, which will continue to apply.
The promotional offer may not be combined with any other offer, benefit or privilege of any of the Bank’s personal accounts.
The Bank reserves the right to amend, cancel or suspend the promotional offer at any time without notice, including its terms and conditions. You can find all applicable terms and conditions on this web page.
The Bank reserves the right, in its sole discretion, to suspend, limit or revoke the promotional offer for any person or account holder that it believes has manipulated the process, fairness, integrity or operation of the promotional offer or misuses it, including, in its sole opinion, any customer whose general relationship with it is not in good standing.