Libro Credit Union provides exclusive business and personal banking offers to Canadian Federation of Independent Business (CFIB) members and their employees, and CFIB employees, as described below.
- Offer period: September 1, 2026 until August 31, 2027.
- Exclusions: Libro staff and Board members are not eligible. The offers are non-transferable, non-assignable, and have no cash value (cannot be redeemed for cash).
- Limit: Only one eligible offer per business/person during the offer period.
- The offers are 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 offers at any time.
Business Banking Offers
1. Free banking for 12 months when you open a new Libro business banking account.
This offer from Libro Credit Union waives the monthly fee for 12 consecutive months for new business chequing accounts opened by CFIB members or their employees.
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 Members: Available to new Libro business members 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 150. 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).
Details of the Fee Waiver:
- Included: The monthly account fee for the eligible account type will be waived for 12 consecutive months.
- 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. Members 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.
2. Free cash management review and $250 towards cash management fees.
Libro provides a $250 credit towards cash management fees to new Libro members who open a new Libro business account during the offer period. Credit can be used towards fees incurred for Libro-affiliated partners providing any of the following cash management services: point-of-sale merchant services (Clover), payroll services (ADP), wire services (Xe), business Visa (Collabria), Brinks at Your Home (Brinks), commercial remote deposit capture, commercial online banking, automated funds transfer.
Credit is applied to the member’s Libro account after three months of new member join date.
3. No monthly fee on Business Overdraft Protection for first year (value $300).
The Business Overdraft monthly maintenance fee waiver is available to new Libro business members who open a new Business Overdraft with Libro. The business must meet all of Libro’s credit approval criteria to qualify for the Business Overdraft product. Fee waiver amount applies to the monthly maintenance amount as published in Libro’s published fee schedule which may change from time to time at Libro’s discretion.
Personal Banking Offers
1. Free banking for 12 months on new personal chequing accounts.
This offer from Libro Credit Union waives the monthly fee for 12 consecutive months for new personal chequing accounts opened by CFIB members and their employees.
Offer Requirements:
- A new eligible personal 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:
- Members: Available to new Libro members who are not existing personal chequing account holders at Libro.
- Account Types: Only the following account types are eligible: Basic, Simplify and Premium. Accounts deemed high-risk by Libro are not eligible.
- Libro Policies: The new member 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 must be 18 years of age or older.
Details of the Fee Waiver:
- Included: The monthly account fee for the eligible account type will be waived for 12 consecutive months.
- 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 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. Members 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 members only and cannot be combined with any other previous offers.
- The Libro account must be in good standing throughout the fee waiver period.
2. 1% transfer incentive up to $500 when you transfer investments to Libro.
Transfer your Wealth Portfolio to a Libro-affiliated account at Aviso Wealth* and get 1% cash back (up to a maximum $500). Incentives processed twice per year, in June and December.
Qualifying Account Criteria:
- Qualifying Accounts can be (a) non-registered; (b) registered retirement savings plans; (c) spousal registered retirement savings plans; (d) locked in registered retirement savings plans; (e) registered retirement income funds; (f) spousal registered retirement income funds; (g) locked in registered retirement income funds; or (h) tax free savings accounts; (i) first home savings accounts; (i) registered educations savings plans; or (k) registered disability savings plans. Other accounts may qualify, at the sole discretion of Libro and Aviso Wealth
- Qualifying Accounts must be nominee accounts with Aviso Wealth, where applicable. New accounts must meet account opening requirements of and be approved by Aviso Wealth, as applicable.
- Your Libro account must be in good standing throughout the offer period. Your Aviso Wealth account must not be in a debit position nor have any margin calls.
Eligibility Criteria:
- The offer is available to new and existing Libro members and Aviso Wealth account holders.
- Cash, investments, or a combination thereof (“New Assets”) must be transferred into a new or existing investment account at Aviso Wealth (collectively, the “Qualifying Accounts”) from a Canadian investment firm or a Canadian financial institution outside any affiliation with Libro. Investments transferred in must be approved as “Qualifying Investments” (as defined below).
- Qualifying Investments are all investments held in a Qualifying Account other than Non-Qualifying Investments. Non-qualifying includes the following: cash, money market funds, high interest savings accounts, fixed income securities with a duration of less than six months or any securities that are restricted, that are subject to a cease trade order or that are non-listed and without independent evidence of current value. A Non-Qualifying Investment may be converted into a Qualifying Investment within 30 days of the Transfer in date and thereby qualify for the promotion.
- This offer is open only to the account holder and is not transferrable.
Funding Criteria:
- Transfer in at least $5,000 in net new assets. This requirement may be met through multiple external transfers or deposits. The specific date of transfer is recognized as completing the signed agreement for funds transfer by the respective Libro member.
- New funds will be calculated by adding the total amount of Qualifying Investments in aggregate of Qualifying Accounts during the offer period. For example, if you add funds to a non-registered account, a TFSA and an RRSP during the offer period, the individual qualifying amounts will be aggregated for the purpose of this offer and paid to a Qualifying Account at the discretion of Libro.
- Only one bonus per client, joint account, or corporate account will be awarded during this promotion. NOTE: The amount of any transfer fee charged by another Canadian investment firm or Canadian financial institution will be credited to your Libro chequing or savings account (up to a maximum total credit of $250 per client), subject to Libro’s receipt of the documentation evidencing such transfer-in fee. The bonus and transfer-in offer are the only offers that can be combined.
- The bonus may be credited to an eligible account as cash to either a chequing or savings account following the completion of the transfer of funds.
Other Terms and Conditions:
- Transfers will be validated June 1 and December 1 to ensure they have been received by Libro or Aviso Wealth.
- This offer cannot be combined with any other previous bonus offers.
- You are solely responsible for any tax consequences arising from or in connection with this offer.
- All dollar amounts mentioned are in Canadian dollars.
- US dollar accounts will be converted at prescribed rates in effect at Aviso Wealth, as applicable, as of the Transfer in date in order to determine whether clients qualify for the offer.
- The Aviso Wealth representative managing a Qualifying Account must be affiliated with Libro.
* Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.
3. Free financial planning consultation and investment portfolio review with a licensed certified financial planner.
When CFIB members and their employees become Libro members they are invited to book a free financial planning consultation and investment portfolio review using Libro’s Book an Appointment online tool or by contacting a Libro branch.
4. Free financial wellness seminars and webinars presented to staff teams.
CFIB members and their employees are invited to visit Libro’s event page for current financial seminars and webinars, or contact a branch to arrange a custom presentation.
5. No-charge home appraisal with your new Libro mortgage.
The home appraisal fee normally charged to mortgage holders on closing is waived for CFIB members and their employees.