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$300 "FREE" from TD Canada Trust?

18K views 32 replies 6 participants last post by  jargey3000 
#1 ·
#4 · (Edited)
I'm laughing pretty hard Beav....these days, you really need to read the fine print.
Good thing we as a whole have some investment savvy...cuz the banks will take advantage of you while they wave that 'CARROT' in front of you.

Just think for the $300 they pay Jargey after at least one year..how much they will be making off his $100k he's putting in!

If he pulls out after 3 months, the early withdrawal penalties will eat up some of the $100k he may or may not have in the first place and he'll come home CRYING from the TD Bank..:grief:

as opposed to 'laughing all the way to the bank".:highly_amused:
 
#3 ·
Has this already been posted? ($300 for opening new account)
I plan to take advantage of it (then close account after the 3 months) Any reasons why I shouldn't?
Because you won't qualify for this full reward Jargey..unless you follow THEIR rules to get the extra bonus.

Here's how you gotta play this game...

B]For an investment of $5,000 to $9999 or more[/B], you can choose:
A qualifying non-cashable Guaranteed Investment Certificate (GIC) with a term of 1 year or more; or
An eligible TD Mutual Fund or TD Managed Assets Program portfolio and, by March 1, 2017 set up a new or increase an existing Pre-Authorized Purchase Plan.
So reading the fine print..you have to tie up $5000 of your money for 1 FULL YEAR...to get $50...
or if you got a hundred grand hidden in yer mattress...maybe you will get that $300 at some point, but it ain't
going to be the game you are planning...har har!
so it pays to read the fine print. :wink-new:

Invest more, get awarded more!
Amount invested† Amount awarded†
$5,000 - $9,999 $50
$10,000 - $49,999 $100
$50,000-$99,999 $200
$100,000 + $300
 
#5 ·
^ Maybe it ain't so bad ... $50/5,000 = 1% bonus "free" money if non-taxable plus whatever "1 year term" GIC interest ... the 3 months account closing won't do.
 
#7 ·
Okay, weaving through the links/FB - here's part of the fine print:


-
Terms and conditions

1 This offer is available to individuals that are the age of majority in their province or territory who (a) open an All-Inclusive Banking Plan or Unlimited Chequing Account within 30 days of receiving the offer confirmation email (the "New Account"), and (b) complete two of the following within 45 days of the "New Account" opening: (1) complete an eligible direct deposit; (2) a minimum $50 monthly pre-authorized debit; or (3) a minimum $50 online bill pay through EasyWeb or the TD mobile app. Individuals who (i) have an existing TD chequing account or had one that was closed after November 1, 2015, or (ii) have not received the offer confirmation email directly from TD Canada Trust and/or have not completed an offer form submission online, are not eligible.[/B] Individuals that receive the confirmation email will need to bring a copy of the confirmation email they received directly from TD Canada Trust in order for the offer to be fulfilled. Any youth account that is converted into an All-Inclusive Banking Plan or Unlimited Chequing Account does not qualify as a "New Account". This offer can be changed, extended or withdrawn at any time by TD Canada Trust, and cannot be used in conjunction with any other offer or discount for the same product. ...

... first thing first - assuming you haven't opened or had an existing TD chequing acc't after Nov. 1, 2015 ... did you receive the offer confirmation email directly from TDCT? If not, then I don't think you qualify as this is an "invite" and not just one from another website or FB for that matter.
 
#9 · (Edited)
Okay, weaving through the links/FB - here's part of the fine print:


- ... first thing first - assuming you haven't opened or had an existing TD chequing acc't after Nov. 1, 2015 ... did you receive the offer confirmation email directly from TDCT? If not, then I don't think you qualify as this is an "invite" and not just one from another website or FB for that matter.
Seems like a lot of "red tape" to even get $50...
Step 1..get the invite from TD
Step 2; complete two of the following within 45 days of the "New Account" opening: (1) complete an eligible direct deposit;
(2) a minimum $50 monthly pre-authorized debit; or (3) a minimum $50 online bill pay through EasyWeb or the TD mobile app.
step 3; Pay the monthly bank fee;

The All-Inclusive Banking Plan costs $29.95/month, which is waived if you have $5,000+ throughout the month in the account.

The Unlimited Chequing Account costs $14.95/month , which is waived if you have $4,000+ throughout the month in the account.

So lets do the math here..it will cost him $30 a month service charge unless he is willing to tie up $5000 (or more) for a 1 year GIC)..
hmmm..Jargey will be happy to get his $50...and the GIC will pay him 1.2% per annum, so that could be a taxable "windfall" of $60 for the 12 months they will pay him interest to keep his money locked up...

If he opens a checking accoun, the checks will cost him another $50, because that's what most banks charge
now to provide you with 50 checks for your checking acct.
Also:
This offer can be changed, extended or withdrawn at any time by TD Canada Trust, and cannot be used in conjunction with any other offer or discount for the same product. ...
 
#10 ·
.. first thing first - assuming you haven't opened or had an existing TD chequing acc't after Nov. 1, 2015 ... did you receive the offer confirmation email directly from TDCT? If not, then I don't think you qualify as this is an "invite" and not just one from another website or FB for that matter.

i dont read the fine print that way... To me, as long as i get an email conformation from TD after submitting the form in the link, I can trot into a branch with it & way to go. Plunk $4000 into the second-option account, do their 2 requiremnets, park the money for 12 weeks & close it out when I get the $300 - No?
 
#11 ·
.. first thing first - assuming you haven't opened or had an existing TD chequing acc't after Nov. 1, 2015 ... did you receive the offer confirmation email directly from TDCT? If not, then I don't think you qualify as this is an "invite" and not just one from another website or FB for that matter.

i dont read the fine print that way... To me, as long as i get an email conformation from TD after submitting the form in the link, I can trot into a branch with it & way to go. Plunk $4000 into the second-option account, do their 2 requiremnets, park the money for 12 weeks & close it out when I get the $300 - No?
Jargey,have a few of these..:very_drunk: and think over what you will REALLY GET OUT OF THIS. It could end up costing
you a LOT more than the $50 carrot they are waving in front of you!
 
#13 ·
It looks pretty good to me. There's no need to do the GIC thing you're talking about. You need to put in the $4000 and leave it there until they give you the $300, and you need to do 2 of the 3 requirements. The bill payment should be easy. The other 2 might be a little trickier, do you really want to change your direct deposit or direct debit information with any of your providers and then have to change it back 12 weeks later? If you're OK with that, then go for it, I say.
 
#26 ·
UPDATE- Soooo......FWIW....
I did toddle in to my TD Branch around the corner & opened said account on Feb 3. Then I complied with 2 of the 3 transactions required. Then, I sat back & waited. TD deposited the $300 bonus into my account on March 29. I went in today & withdrew the entire balance & closed the account. The whole process was painless & took less than an hour of my time in total.
Now, what should I do with my $300 "gift"? :)
 
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