Terms & Conditions – Fall 2010 Promotion (2 for $300 Promotion)
Promotion Date
October 6, 2010 to January 2, 2011
How to Qualify:
To qualify for the $300 CDN cash deposit, you must open at least (2) two different types* of BMO InvestorLine accounts ("Qualifying Accounts") with a minimum of $100,000 CDN of net new assets divided between both accounts. You must also enter the promotion code 300NEW into each Online Account Application (OLAP) at the time of application.
If you are an existing BMO InvestorLine client with at least one type of Qualifying Account* with us, you must increase the number of Qualifying Account types* you have to (2) two. You must deposit/transfer a minimum of $100,000 CDN of net new assets into your Qualifying Account(s). You must enter the promotion code 300NEW into the Online Application (OLAP) for each new Qualifying Account at the time of application.
The assets to the Qualifying Accounts must be net new assets to BMO InvestorLine. You must meet the minimum balance requirements for each account. For information on the minimum balance requirements for each account and RESP guidelines, log on to bmoinvestorline.com.
You must also maintain net new assets of $100,000 CDN (based on the calculation of all withdrawals and deposits in your accounts) within 6 months of funding these Qualifying accounts. This includes any withdrawals made within the promotion period (October 6, 2010 – January 2, 2011) on any of your existing BMO InvestorLine Qualifying Accounts. If the combined net new assets fall below $100,000 CDN before the six month period due to withdrawals on your account(s), you will not receive the $300 CDN cash deposit. If your net new assets fall below $100, 000 CDN due to market fluctuations, you will receive the $300 CDN cash deposit.
Maximum one offer, per client.
$300 CDN Cash Deposit
You will receive a credit of $300 CDN cash 6 months after the opening and funding of your Qualifying account(s). If your two Qualifying Account types are Non-Registered accounts the $300 CDN cash will be deposited into your cash account. If your two Qualifying Account types include one Registered account, the $300 CDN cash will be deposited into the Registered account. If your two Qualifying Account types are Registered accounts, the $300 will be divided evenly between both accounts. For RESP accounts, the $300 CDN credit will be a contribution made on behalf of the subscriber. In the case of a family plan with multiple beneficiaries the contribution must be allocated evenly amongst the beneficiaries.
*The following are Qualifying Account Types:
Cash or Margin, Retirement Savings Plan (RSP), Registered Educational Savings Plan (RESP).
Note: Within the 6 month promotional period, your BMO InvestorLine accounts (including all Qualifying Accounts) must be in good standing. Your accounts must not be in the debit position. Your accounts should not have any margin calls. No outstanding documentation or any other outstanding items should be pending on your Qualifying Accounts.
EXAMPLES:| SCENARIOS | QUALIFYING OFFER |
|---|---|
| John Smith opens 2 different types of accounts and deposits $100,000 CDN between both accounts and the funds remain in the account for a minimum of 6 months | $300 CDN cash deposit |
| John Smith opens 1 type of account and deposits $100,000 CDN into the 1 account and the funds remain in the account for a minimum of 6 months | He must open 1 additional type of account to qualify |
| John Smith has 1 type of account and opens a new TFSA account. He deposits $5,000 CDN into his TFSA and $95,000 CDN into one of his other accounts and the funds remain in the accounts for a minimum of 6 months | TFSA's are excluded from this promotion. John must open another account type to qualify for the $300 CDN cash deposit |
| John Smith has 1 type of account and opens a second joint Qualifying account with $100,000 CDN with his spouse. John is the primary account holder of the joint account. Jane Smith, his spouse, also has 1 type of account, but does NOT open a second. |
$300 CDN cash deposit to John's account because he is the primary account holder of the joint account |
This offer cannot be combined with any other BMO InvestorLine promotional offer.
BMO InvestorLine may cancel, revise or change the end date of this offer at any time.
