The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over .... More »
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Meridian Review: Ontario’s Largest Credit Union vs the Big Banks
– canadianfinanceblog.com
I don’t often have an opportunity to write a credit union review. The reason for this is that most credit unions tend to be quite small, and as such, serve a relatively small client base within a very defined (and smallish) geographical area. In short, it doesn’t work all that well for a personal finance website with a Canada-wide audience. Meridian Credit Union is an exception, however.
While Meridian’s brick-and-mortar locations are exclusive to the province of Ontario, Meridian is a big financial institution. The largest credit union in Ontario, and the 3rd largest in Canada, Meridian serves almost 350,000 members, with assets under management of more than $21 billion. Not only that, but Meridian has established a solid foothold in the online banking space through its subsidiary, motusbank. Because of this, with some limitations, Meridian products and services are available to most Canadians, either through its Ontario branch network, or online, via mostusbank.
Meridian Credit Union Personal Banking
Meridian has a wide range of personal chequing accounts to offer its members, with a few of them standing out as having particularly good value; the Pay As You Go, Limitless Chequing, and the Senior Chequing Account…
While Meridian’s brick-and-mortar locations are exclusive to the province of Ontario, Meridian is a big financial institution. The largest credit union in Ontario, and the 3rd largest in Canada, Meridian serves almost 350,000 members, with assets under management of more than $21 billion. Not only that, but Meridian has established a solid foothold in the online banking space through its subsidiary, motusbank. Because of this, with some limitations, Meridian products and services are available to most Canadians, either through its Ontario branch network, or online, via mostusbank.
Meridian Credit Union Personal Banking
Meridian has a wide range of personal chequing accounts to offer its members, with a few of them standing out as having particularly good value; the Pay As You Go, Limitless Chequing, and the Senior Chequing Account…
