This “Offer” from Libro Credit Union (“Libro”) waives the monthly fee for 12 consecutive months for new business chequing accounts opened between October 1, 2025 at 12:01 am EST and December 31, 2025, at 11:59 pm EST (the “Offer Period”).
Offer Requirements:
- A new eligible business chequing account must be opened during the Offer Period; and
- A minimum deposit of $50 must be made to the account within 30 days of account opening.
Eligibility Criteria:
- Business Owners: Available to new Libro business members (Owners) who are not existing business chequing account holders at Libro.
- Account Types: Only the following account types are eligible: Business Basic, Business 60 and Business 200. Accounts deemed high-risk by Libro are not eligible.
- Libro Policies: The business must meet all of Libro’s standard account-opening and membership policies, including applicable identification and due diligence requirements.
- Age Requirement: The person opening the account on behalf of the business must be 18 years of age or older (as applicable to the business account type being opened).
- Exclusions: Libro staff and Board members are not eligible. The Offer is non-transferable, non-assignable, and has no cash value (cannot be redeemed for cash).
- Limit: Only one (1) eligible account offer per business during the Offer Period.
Details of the Fee Waiver:
- Included: The monthly account fee for the eligible account type will be waived for 12 consecutive months.
- Estimated Value: As of the date of this Offer, the monthly account fees are:
- Business 200: $100/month (12 months = $1,200 value)
- Business 60: $25/month (12 months = $300 value)
- Business Basic: $6/month (12 months = $72 value)
- The monthly fee waiver will be applied beginning with the first monthly billing cycle that closes after both requirements are met.
- Excluded: All other fees and surcharges are not waived and continue to apply, including but not limited to Interac e-Transfer surcharges, in-branch bill payment surcharges, and ATM network surcharges, as set out in Libro’s published business fee schedule.
- Fee Changes: If account fees change during the 12-month fee waiver period, the fee waiver will continue to apply on the chosen product, in accordance with Libro’s fee schedule. Owners will be notified of such changes in the ordinary course.
- No Retroactive Charges: Waived monthly fees will not be charged retroactively. If eligibility requirements are no longer met, the fee waiver will end as of that date and regular monthly fees will apply thereafter.
- No Cash Redemption: The fee waiver has no cash value and cannot be redeemed or substituted for cash or credit.
- Termination: If the account is closed or converted to an ineligible account type, the fee waiver terminates immediately.
General Terms and Conditions:
- The Offer is for new Libro business accounts only and cannot be combined with any other previous offers.
- The Libro business account must be in good standing throughout the fee waiver period.
- The Offer is subject to all applicable federal, provincial and municipal laws and regulations.
- Libro reserves the right at its sole discretion to withdraw, terminate or modify all or any part of the Offer at any time.