Member Rewards Program

Get up to $10 a month simply for working towards your financial goals.

Earn up to $120 a year for your everyday banking

Co-created by our credit union members, for members, the Gulf & Fraser Member Rewards program gives you banking rewards when you take simple, everyday steps towards the financial future you dream about. Easy cash in your pocket – just another benefit of banking with Gulf & Fraser!

Getting advice to better understand your financial situation

Building and maintaining healthy spending and saving habits

Managing your money effectively

Member Rewards

Earn reward points on your everyday banking that will convert monthly to cash in your Member Equity Shares account. The table below shows how you can qualify for points each month.

Essentials

Monthly reward

$2.00

Earn

50 - 99 points

Plus

Monthly reward

$5.00

Earn

100 - 199 points

Premium

Monthly reward

$10.00

Earn

200+ points

How to earn points

Ways you can earn points	Your rewards
Complete an annual Smart Money Score	10 points per month for a year
Switch to eStatements (includes anyone who has switched prior to this program!)	10 points per month
Qualify for a line of credit	10 points per month
Use your debit card, Apple Pay or Google Pay	1 point per transaction up to 30 points per month
Regular payroll deposits of $500 or more per month	30 points per month

Get a Gulf & Fraser mortgage	30 points per month
Get & activate a Collabria credit card	30 points per month
Save or invest a minimum of $500 in a Tax-Free Savings Account. You'll earn points for each month that you maintain $500 or more in your TFSA!	30 points per month
Save or invest a minimum of $500 in a Registered Retirement Savings Plan, Registered Retirement Income Fund or Life Income Fund	30 points per month
Invest a minimum of $1,000 in a non-registered term deposit	30 points per month
Invest a minimum of $5,000 with Aviso Wealth	30 points per month
Set up an automated pre-authorized transfer of $25 or more per month to your saving or investment account.	30 points per month

How to get started

Step 1

Calling 604-419-8888 or emailing inquiry@gulfandfraser.com
Speaking to us in-branch
Clicking the link in our monthly newsletter, Insights
Click here to sign up online by using your login ID/member number and last name

Step 2

Earn points by making smart financial choices with your everyday banking.

Step 3

Get your monthly reward directly in your Member Equity Shares account!

How to earn points

Ways you can earn points	Your rewards
Complete an annual Smart Money Score	10 points per month for a year
Switch to eStatements (includes anyone who has switched prior to this program!)	10 points per month
Qualify for a line of credit	10 points per month
Use your debit card, Apple Pay or Google Pay	1 point per transaction up to 30 points per month
Regular payroll deposits of $500 or more per month	30 points per month

Get a Gulf & Fraser mortgage	30 points per month
Get & activate a Collabria credit card	30 points per month
Save or invest a minimum of $500 in a Tax-Free Savings Account. You'll earn points for each month that you maintain $500 or more in your TFSA!	30 points per month
Save or invest a minimum of $500 in a Registered Retirement Savings Plan, Registered Retirement Income Fund or Life Income Fund	30 points per month
Invest a minimum of $1,000 in a non-registered term deposit	30 points per month
Invest a minimum of $5,000 with Aviso Wealth	30 points per month
Set up an automated pre-authorized transfer of $25 or more per month to your saving or investment account.	30 points per month

Member Rewards FAQ

How much can I earn each month?

The Member Rewards Program rewards you up to $10 per month when you strive to achieve your financial goals.

How do I enroll in the Member Rewards Program?

You can enroll in the Member Rewards Program by:

Contacting the Member Hub at 604-419-8888 or or by emailing inquiry@gulfandfraser.com
Speaking to us in-branch
Clicking the link in our monthly newsletter, Insights

When will I receive my reward payout?

Reward payouts are deposited in your Member Equity Shares account by the 15th day of the month following each month during which you earned points.

What account do my monthly reward payouts go to?

Your monthly reward payouts are deposited into your Member Equity Shares account. You can withdraw these funds at any time by transferring to your spending or saving account.

Please note, as a member and owner of our credit union, you will need to keep a minimum of $5.00 in your Member Equity Shares account at all times in accordance with Credit Union Rules.

What happens if I enroll in the Member Rewards Program but don't qualify for a payout?

After enrolling in the Member Rewards Program, you will receive a payout for each month based on the financial choices you make from the table above. The more you bank with us, the more you earn.

For example:
If you don't qualify for a payout in January, you won't receive a payment. If you qualify for the Essentials tier in February, you will receive a $2.00 payout in March.

What happens if I enroll in the middle of a month?

If you enroll in the Member Rewards Program in the middle of a month, you will receive a payout for your products and engagement based on the whole month.

For example:
If you enroll on January 15, your February payout will reflect your activity from January 1 to January 31.