What's it take to get $150?

Simply open a chequing account and use it! 

Get a $150 cash reward with a few simple steps. 

All you have to do is open a new Alterna chequing account on the Basic, Value or Unlimited packages before August 31, 2017 and within 3 months, set up: 

  • One eligible monthly recurring direct deposit*/**, AND
  • At least one transaction in two of the following categories: 

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Frequently Asked Questions

When is the offer available? Expand/Collapse

The offer begins June 1, 2017 and runs through to August 31, 2017. 

What is the offer? Expand/Collapse

Receive a $150 cash reward if you meet the eligibility and qualification requirements.

What are the eligibility requirements for the offer? Expand/Collapse

The offer is available to individuals who at the beginning of the offer period did not hold an Alterna chequing account (either on their own or as a joint holder).

How do I qualify for the offer? Expand/Collapse

To qualify, a member must complete the following steps:
  1. Open a new chequing account on the Basic, Value, or Unlimited banking package during the campaign period,

  2. Within three calendar months following the end of the calendar month that the chequing account was opened, set up and complete within the chequing account:
    1. One eligible monthly recurring direct deposit*/**
    2. At least one transaction in two or more of the following categories:
      1. Monthly recurring pre-authorized debit*/**
      2. Bill payment via Online Banking or the Alterna mobile app
      3. Deposit via Deposit Anywhere through the Alterna mobile app

* Eligible direct deposit or pre-authorized debit is a recurring deposit or debit that occurs at least once a month for three consecutive months
** $50 minimum transaction amount is required for transaction to qualify

Are there any minimum amounts or other requirements for qualifying transactions? Expand/Collapse

Yes, in order for a transaction to count, it must be a minimum of $50. In addition, recurring direct deposits and pre-authorized debits must occur at least once a month for three consecutive months to qualify.

What is an eligible Direct Deposit or Pre-authorized Debit? Expand/Collapse

An eligible direct deposit or pre-authorized debit is any recurring monthly deposit or debit of $50 or more that occurs at least once a month for three consecutive months. Examples include:

Direct Deposits

  • Payroll
  • CPP/QPP
  • Disability Payments
  • Dividends
  • Employment Insurance
Pre-authorized Debits

  • Pre-authorized bill payments
  • Insurance payments
  • Loan or mortgage payments
  • Credit card payments

Can a member close their chequing account and open a new chequing account to qualify? Expand/Collapse

No. The offer is only open for individuals who at the beginning of the Offer Period did not hold an Alterna chequing account (either on their own or as a joint holder).

Are there any limits to the offer? Expand/Collapse

Yes, there is a limit of one offer per member (including joint accounts). For eligible members who are joint account holders, only one joint account holder may receive an offer.

When will I qualify to receive my cash reward payment? Expand/Collapse

Members will receive their cash reward 12 to 14 weeks after all conditions have been met. The cash reward will be deposited into the eligible chequing account or existing chequing account.
* Eligible direct deposit or pre-authorized debit is a recurring deposit or debit that occurs at least once a month for three consecutive months
** $50 minimum transaction amount is required for transaction to qualify