Get $400* cash with our #StudentDeal offer!
No more bank fees.

Earn Rewards For Everday Purchases.

Follow these steps to get $300

Step 1

Open a No-Fee Bank Account online. Enter STUDENT400 in the promo code field.

Step 2

Set up a recurring direct deposit of $100 or more (for example, your paycheque). You must make two deposits within 90 days.

Follow these steps to get an additional $100

Step 1

Apply for an Innovation Visa* online.
Enter STUDENT400 in the promo code field.

Step 2

Activate your new Visa by making a purchase.

Which credit card should I apply for?

We recommend the Cash Back Visa* card

Not sure which Visa is right for you?

Use our card selector tool to compare features and benefits.

No-Fee Bank Account Benefits & Features

Bank on the go

Access your money anytime, anywhere with our app and online banking. We help you manage your funds or pay your bills on the go!

No fees whatsover

Save as much as $360/year in banking fees with the No-Fee Bank Account. Rest assured; there are no hidden charges.

Help at your fingertips

Reach us via our live chat feature, send us a message online or call us. We look forward to helping you!

Free, unlimited transactions

Get free, unlimited daily transactions, deposits and monthly withdrawals. Even Me-to-Me transfers are free!

A safe and secure experience

Banking with us is always safe. We’re committed to protecting your money and ensuring you can access it anytime you want.

175+ advisors at your service

Connect with our advisors at 1.866.446.7001 and get expert advice or help with your account.

Requirements for Opening an Online
No-Fee Bank Account

Proof of Age

You must be 18+ years of age to open an account

Proof of Residence

You need to be a Canadian resident (Excluding Quebec)

Social Insurance Number

You need to provide your social insurance number**

Disclaimer

  • The No-Fee Bank Account is available for personal use only. To learn more, see our Account and Fee Information.
  • Innovation Credit Union banking services are not available in Quebec.
  • Interac e-Transfer is a registered trademark of INTERAC Corp. Used under licence.
  • *ATM transactions for the No-Fee Bank Account are free at ding free ATM locations.
  • **Your SIN is not required as a condition of opening an account with us however if you prefer not to provide your SIN for our online application, please visit one of our branch locations to apply or call 1.866.446.7001 for more information.
  • Need help chosing an account? See the FCAC Account Selector.

Terms & Conditions for the #StudentDeal Offer

$300 NEW MEMBER OFFER:

Between October 1, 2021 and April 30, 2022 (the “Offer Period”) Qualifying Account Holders* are eligible for a $300 Innovation Credit Union New Member Bonus (the “Offer”), provided the following terms and conditions are met. Qualifying Account Holders must be a new customer to Innovation Credit Union, be 18 years of age or older, be a Saskatchewan resident, meet Innovation Credit Union’s membership and account opening approval criteria, and cannot have been an Innovation Credit Union member since January 2016.  

As a Qualifying Account Holder, you will be eligible to receive the $300 Offer, after meeting the following conditions:

  1. Successfully open an Innovation Credit Union No-Fee Bank Account (the “Account”) through the Online Account Opening Application on Innovation Credit Union’s website using promo code STUDENT400
  2. Deposit a minimum of $5.00 into your Account to pay for the cost of the membership share fee
  3. Within 90 days of successfully opening your Account:
    • Set up one or more Eligible Recurring Direct Deposit(s)* to be deposited into your Account, the minimum amount must
      be at least $100 per deposit, and
    • Have the Eligible Recurring Direct Deposit(s)* credited into your Account at least twice.

*An Eligible Recurring Direct Deposit is generally defined as an automatic recurring deposit, deposited at least monthly, into the newly opened
No-Fee Bank Account. Innovation Credit Union may determine whether deposits are considered Eligible Recurring Direct Deposits for the
purposes of this Offer.

  • Examples of Eligible Recurring Direct Deposits include: regular and consistent payroll payments, child tax benefits, Employment
    Insurance (EI) payments, Saskatchewan Assistance Program payments, student loan payments, and disability payments.
  • Examples of deposits that are not considered an Eligible Recurring Direct Deposit include: e-transfers or scheduled
    transfers from an alternate financial institution.

After the Offer Conditions have been met, the $300 Offer will be deposited into the Qualifying Account Holders’ Innovation Credit
Union Member Rewards Account, as available funds, in the fourth month following the month, the account was opened. For example: If a
Qualifying Account Holder opens their account in January 2022, and meets the Offer Conditions by April 2022, the $300 payment will be
deposited by May 31, 2022. The Qualifying Account Holder’s No-Fee Bank Account must also be active and in good standing (not in an
unauthorized overdraft or in a delinquent status) at that time of the Offer payment. If the No-Fee Bank Account is opened as a joint account,
the Offer payment will be divided and deposited evenly into each account holder’s Innovation Credit Union Member Rewards Accounts.

The Qualifying Account Holder will be charged a fee of $30 if they close their No-Fee Bank Account within 180 days of opening the Account, as
per Innovation Credit Union’s
Account and Fee Information
brochure.

Offer is non-transferable and is not valid in conjunction with any other Offer. Limit of one Offer per Qualifying Account Holder, including for
joint Account Holders. The recipient(s) of the Offer is solely responsible for any tax consequences associated with their receipt thereof.

Innovation Credit Union employees and immediate family members of employees, are not eligible for the Offer.

Innovation Credit Union reserves the right to cancel or change these Terms and Conditions at any time without notice, for any reason, and to
revoke the Offer for any customer who appears to be manipulating or abusing the Offer or appears to be engaged in any suspicious/fraudulent
activity.

Must be a member of Innovation Credit Union to apply. Applications must be received between November 15, 2021, and April 30, 2022,
to be eligible for this offer. The promotional code “STUDENT400” must be entered into the Promo Code field at time of application to qualify.
Offer is subject to credit card approval. Offer is open to new Collabria account holders only. $100 bonus will be deposited to the member’s No-
Fee Bank Account within 45 days of card approval notification. Innovation Credit Union reserves the right to cancel or change this offer at any
time without notice, for any reason, and to revoke the offer for any customer who appears to be manipulating or abusing the offer or is
engaged in any suspicious/fraudulent activity. This offer is non-transferrable. Limited to one $100 bonus per person.

Applies to Centra Visa* Gold and Travel Rewards Visa* Gold card applications made between the period of January 1, 2022 to December 31, 2022. Applications must be approved and funded.

See full terms and conditions: Innovation Credit Union - Welcome Points (collabriacreditcards.ca)

Applies to Visa Infinite* card applications made between the period of January 1, 2022 to December 31, 2022. Applications must be approved and funded.

See full terms and conditions: Innovation Credit Union - Welcome Points (collabriacreditcards.ca)