Get up to $504* in value when you switch your direct deposit to SCU

*Terms and conditions apply.
^†Terms and conditions apply. Visit https://www.collabriacreditcards.ca/affiliate_steinbach-credit-union/offers/cmcrebateplusrewards.aspx for more details.
**Rate subject to change

^®CU BY PHONE is a registered trademark owned by Credit Union Central of Canada, used under license.
^® ding free is a registered trademark of Central 1 Credit Union, used under license.
^® Interac is a registered trademark of Interac Corp. Used under license.
Interac e-Transfer^® is a registered trademark of Interac Corp. Used under license.
Collabria trademark is Collabria Financial Services’ property. 
Collabria Financial Services Inc. (“Collabria”) is an independant entity from your credit union with no ownership interest in the other. If you choose to obtain Collabria credit card services through a referral from your credit union, if will receive compensation from Collabria. 

SCU Direct Deposit and Waived Monthly Chequing Offer (Terms and Conditions)

General Terms

1. Steinbach Credit Union Limited (“SCU”) is offering a $300.00 cash reward (the “Cash Reward”) and up to $204.00 in waived chequing fees for twelve (12) months from the date of receipt of the initial Direct Deposit (the “Waived Fees”, together with the Cash Reward, the “Offer”), which is available to new and existing SCU personal members (each, a “Member”) who:

2. are a resident of Canada (excluding residents of Québec), at all times during the Offer Period (as that term is defined below);

3. set up a new direct deposit for funds from their employer or income provider (as outlined in the attached Schedule A) to a chequing account with SCU (the “Direct Deposit”);

4. the Direct Deposit must be a minimum of $500.00 in the aggregate per month; and

5. maintain the Direct Deposit in at least the minimum amount described above without interruption or cancellation until at least January 4, 2027 (the “Holding Period”).

6. All other terms and conditions of the Direct Deposit (as outlined in the applicable SCU chequing account agreement) continue to apply.

Offer Conditions

3. The Offer shall start at 12:01 A.M. CDT on April 15, 2026 and will continue until the earlier of June 27, 2026 at 5:00 P.M. CDT or when SCU terminates the Offer, in its sole discretion and upon not less than twenty-four (24) hours’ notice to Members (the “Offer Period”) by posting an update on SCU’s website: https://scu.mb.ca/personal. All Direct Deposits initiated after the end of the Offer Period will not qualify for the Offer, even if the Direct Deposit was initiated in compliance with Section 1.

4. Any Direct Deposit which is initiated at SCU before the start of the Offer Period will not be eligible for the Offer, and Members who already have a direct deposit at SCU before the Offer Period are not eligible for the Offer, even if they set up an additional Direct Deposit during the Offer Period. Directors, officers or employees of SCU or any of its respective divisions, parent subsidiary or affiliated companies and any person domiciled with, or an immediate family member of an employee, are not eligible for the Offer. Accounts for businesses, legal entities, or non-personal accounts are excluded from the Offer.

5. Employees of Steinbach Credit Union Limited (“SCU”) or any of its respective divisions, parent, subsidiary or affiliated companies (the “Sponsor”) and any person domiciled with, or an immediate family member of, an employee of the Sponsor are not eligible

6. Split or partial deposits are strictly ineligible for this Offer. Upon request, Members must provide documentation reasonably satisfactory to SCU from their employer or income provider confirming that the entire recurring payment which comprises the Direct Deposit is directed to SCU. Acceptable documentation includes a direct deposit form or a letter from the employer/income provider. Any discrepancies or evidence of split deposits will result in ineligibility for the Offer. If a Member is found to have split their Direct Deposit, they will be disqualified from receiving the promotional benefits under the Offer, and any previously granted benefits may be revoked.

7. Each Member is eligible for only one (1) Offer. If a Member, who has not previously received the Offer, establishes a Direct Deposit into a joint account where no direct deposit existed before the Offer Period, the joint account will benefit from Waived Fees. However, only that Member will receive the Cash Reward, not the other joint account holders. Additional direct deposits into the joint account by other Members will not qualify for further Cash Rewards.

8. The Cash Reward shall be paid out to the Member no later than thirty (30) days after the end of the Holding Period, as cash deposited into an account held by the Member, chosen by SCU at its discretion.

9. All non-Members wishing to participate in the Offer must purchase a five-dollar ($5.00) Member share at the time of opening the chequing account with SCU. All non-Members who open an account with SCU must initiate the Direct Deposit within thirty (30) days of the account opening in order to not be subject to initial account fees which are otherwise payable, however, as long as the Direct Deposit is initiated within the Offer Period they will still be eligible for the Offer.

10. Members who participate in the Offer may have their Direct Deposit and related funds moved to a specific SCU account, at SCU’s discretion, for the purposes of the Waived Fees. Following the expiry of the period of time associated with the Waived Fees, SCU may, at its discretion, move the funds from such SCU account to a different SCU account, to which the Waived Fees no longer apply.

11. All Members who otherwise already have chequing fees waived by SCU (including, but not limited to, Members with any of the following accounts: SpendWise Account, StudentFLEX™ Daily Account, Golden Chequing Account and the Disability Benefit Chequing), and who are otherwise eligible for the Offer, will receive the Cash Reward, but will not be eligible to the Waived Fees or any further reduction or waiving of chequing fees.

12. The Waived Fees are as follows: monthly debits, including cheques, debits, transfers, Interac^® direct payments, Canadian credit union ATM debits and transfers, CU BY PHONE^® bill payments, online banking bill payments, and preauthorized debits, up to 10 Interac e-Transfer^® per month, personalized cheques and a $5 discount on your annual safety deposit box rental. For clarity, SCU is not waiving its ability to charge fees other than the specific fees which comprise the Waived Fees (including fees in excess of the $204 amount set out in Section 1).

13. Any Direct Deposit that is terminated prior to the payment of the Cash Reward will no longer be eligible for the Cash Reward.

14. All references to dollars ($) herein are references to Canadian Dollars (CAD).

Limitations

15. This Offer is non-transferable, non-saleable and may not be exchanged for cash (excepting the payment of the Cash Reward as set out herein).

16. SCU reserves the right at its absolute discretion to change any of these Terms and Conditions from time to time without prior notice. In the event of conflict, these Terms and Conditions will prevail over any account agreement with SCU and any of the contents of any brochure, promotional materials or statements, or any other communication regarding this Offer, whether written or oral from SCU, except where otherwise stated.

17. By participating in this Offer, Members agree to comply with all applicable laws and regulations. Any attempt to manipulate or exploit the Offer, as deemed in SCU’s sole discretion, will result in disqualification.

18. The Member will not engage, either directly or indirectly, for themselves or through or behalf of or in conjunction with any other person or entity, in any behaviour which could be deemed, by SCU in its sole discretion, to be offside of the intention of this Offer.

19. SCU reserves the right, at its sole discretion, without advance notice, to suspend, disqualify, limit, revoke, terminate or otherwise modify the Offer, in whole or in part, for: (i) any Member it finds or believes to be manipulating or otherwise abusing the integrity of the Offer or who otherwise is deemed ineligible; and (ii) any reason or if an Offer can't run as planned including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond SCU’s reasonable control which corrupt or affect the administration, security or proper conduct of this Offer.

20. By accepting this Offer, the Member agrees that they have read and understood these Terms and Conditions and agree to be bound by them. Any notice with respect to this Offer is deemed to be provided on the day it is posted on the SCU website.

21. To the fullest extent permitted by applicable law, the parties agree that SCU is not liable for any loss or damage related to this Offer, including, but not limited to, direct, indirect or consequential damages. By participating in this Offer, the Member agrees to irrevocably and unconditionally release, discharge and forever hold harmless SCU, its directors, officers, employees, agents, representatives, affiliates, successor and assigns (collectively, the “Released Parties”) from any and all claims or liabilities (collectively, “Claims”), whether known or unknown, which the Member, directly or indirectly, now has or may hereafter have, arising out of or in connection with this Offer, or any associated transaction, service or product provided by SCU.

22. By participating in this Offer, the Member agrees to indemnify and hold harmless the Released Parties to the fullest extent permitted by law, and from any and all losses arising out of: (i) any breach by SCU of its obligations pursuant to the Offer, including, without limitation, claims made by third parties; and (ii) any of the Released Parties’ negligence or willfully wrongful, wanton or reckless condition or omissions. Certain laws, including consumer protection legislation, may not allow the exclusion or limitation of certain warranties, conditions or liabilities. In such jurisdictions, some or all of the above indemnity and release may not apply, and the parties’ rights and obligations shall be limited only to the extent permitted by such laws. This indemnity shall survive the termination, completion or expiry of the Offer between the Member and SCU.

23. The Offer is intended for promotional purposes only and does not constitute financial, tax, accounting or legal advice or an opinion related to the acquisition, suitability or use of the Account. The Member acknowledges and agrees that SCU is not providing any financial, tax, accounting or legal advice or information on the potential consequences to the Member as a result of the Member’s participation in the Offer. Members should obtain their own professional advice, as needed. For greater certainty, SCU is not responsible for any financial, tax, accounting or legal advice to the Member or potential financial, tax, accounting or legal consequences to the Member as a result of this Offer.

24. This Offer may be combined with other promotions offered by SCU, provided that: (i) the other promotion’s terms expressly allow combinability or do not prohibit it; (ii) the Member independently satisfies all eligibility criteria for each promotion; (iii) no single transaction, deposit, or fee waiver is counted more than once toward benefits under multiple promotions; and (iv) if there is any conflict between promotions, SCU will apply the combination that provides the Member the greater total value without exceeding any applicable caps or violating any promotion’s terms. SCU may audit eligibility and adjust or reverse benefits to correct duplication or error.

25. The invalidity or unenforceability of any provision of these Terms and Conditions shall not affect the validity or enforceability of any other provision. If any provision is determined to be invalid or otherwise unenforceable or illegal, these Terms and Conditions shall otherwise remain in effect and shall be construed in accordance with their terms as if the invalid or illegal provision were not contained herein.

26. These Terms and Conditions and the agreements referenced herein contain the entire understanding of the parties with respect to the subject matter hereof, and supersede all prior and contemporaneous written or oral understandings, agreements, representations and warranties with respect to such subject matter. The parties may not amend these Terms and Conditions except by written instrument signed by the parties. In particular, SCU employees or other representatives are not authorized to waive, modify or amend any provision or provisions of these Terms and Conditions in any manner whatsoever other than as is specifically contemplated herein.

27. These Terms and Conditions, and all issues and questions concerning the construction, validity, interpretation and enforceability of these Terms and Conditions, or the rights and obligations of all Members and SCU in connection with the Offer, shall be governed by and construed in accordance with the laws of the Province of Manitoba and the federal laws of Canada applicable therein, without giving effect to any choice or conflict of law rule that would result in the application of the laws of any other jurisdiction. The parties irrevocably submit to the exclusive jurisdiction of the courts of the Province of Manitoba for any action, suit, or proceeding arising out of or relating to these Terms and Conditions and irrevocably waive any objection to venue or inconvenient forum in such courts. Notwithstanding the foregoing, all decisions regarding eligibility to participate in the Offer shall be determined by SCU, in its sole discretion. Each Member agrees to waive any right they may have to: (i) a trial by jury; and (ii) commence or participate in any class action against SCU related to the Offer or these Terms and Conditions and, where, applicable, the Member also agrees to opt out of any class proceedings against SCU.

28. For any questions or concerns regarding this Offer, please contact SCU at scu@scu.mb.ca

SCHEDULE A
Only deposits classified under the Canadian Payments Association (CPA) “payroll” codes listed below are eligible for the Offer. Eligible deposits include Pension, Employment Insurance, Old Age Security, Canada Pension Plan, Workers’ Compensation, Parental Assistance, and Income Security Benefits. Deposits categorized under CPA Code 450 (“Miscellaneous”) are not eligible for the Offer: