Institution profile · Provincial credit union

Meridian Credit Union

ActiveMeridian Credit Union LimitedProvincial insurer

Meridian is an Ontario credit union regulated by FSRA. It wound down its digital bank, motusbank, in 2025.

Profile facts checked October 30, 2026

Mitey the Yeti peeking out from behind the Meridian Credit Union index cards

Cheapest everyday account$192 a yearDigital Chequing Package

Best posted savings rate0.85%High Interest Savings Account (HISA), on $10,000

Deposit protectionProvincial insurerProvincial credit union

At a glance

Legal name: Meridian Credit Union Limited
Type: Provincial credit union
Head office: St. Catharines, ON
Regulator: Financial Services Regulatory Authority of Ontario (FSRA)
Cheapest everyday account: Digital Chequing Package — $192 a year for the Everyday example
Best posted savings rate: 0.85% on $10,000 (High Interest Savings Account (HISA))
Website: www.meridiancu.ca

Deposit protection

Insured through FSRA: Meridian states eligible registered deposits have unlimited coverage and eligible non-registered deposits are insured up to $250,000.

Provincial rules: Ontario — $250,000.

Meridian Credit Union chequing accounts and what they cost

Meridian Credit Union lists 5 chequing accounts with FCAC. For our “Everyday” example (25 debit purchases, 6 bills, 5 e-Transfers and a $1,000 low balance a month), the cheapest account open to anyone is Digital Chequing Package at $192 a year. Accounts limited to a group are marked.

Chequing accounts as listed in the FCAC Account Comparison Tool, retrieved November 1, 2026; fees a year for the Everyday example
Account	Monthly fee and waiver	Included	Fees a year
Student Chequing PackageStudents	No monthly fee	Branch: 5 · self-serve: unlimited	$24
Digital Chequing Package	$14.00/mo, or $0 with a $3,000 minimum balance	Branch: 0 · self-serve: unlimited	$192
Unlimited Chequing Package	$19.00/mo, or $0 with a $5,000 minimum balance	Unlimited	$252
Everyday Chequing Package	$9.00/mo, or $0 with a $2,000 minimum balance	Branch: 5 · self-serve: 25	$344
Essential Chequing Package	$3.00/mo, no balance waiver	Branch: 5 · self-serve: 15	$390

Meridian Credit Union savings accounts and posted rates

Savings accounts as listed with FCAC, retrieved November 1, 2026. Posted rates; promotional rates may not appear.
Account	Rate at $10,000	Monthly fee
High Interest Savings Account (HISA)	0.85%	No monthly fee
Advantage Savings Account	0.05%	No monthly fee
Youth Savings AccountYouth (18 and under)	0.05%	No monthly fee

Facts, with sources

Incorporated under Ontario’s Credit Unions and Caisses Populaires Act and regulated by FSRA; headquartered at 75 Corporate Park Drive, St. Catharines.
Source: meridiancu.ca
In March 2025 Meridian and Coast Capital announced they would acquire motusbank’s assets and liabilities.
Source: meridiancu.ca
States registered deposits have unlimited coverage and non-registered deposits up to $250,000 through FSRA.
Source: meridiancu.ca

Mitey the Yeti, CanadianBanks.ca’s guide, pointing out a tip

Mitey’s note

Your own pattern can change the order. Put your numbers into the true-cost finder to rank Meridian Credit Union’s accounts against everyone else’s.

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