Meridian Credit Union review

The monthly fee is CAD 0, so the account has no ongoing charge to keep open. Readers in other markets should note the fee is set in Canadian dollars, which is where this card sits.

It is a debit card, so purchases draw on the money already in the account rather than on borrowed funds. Spending is capped by the balance you hold, and the account carries no monthly charge.

Meridian Credit Union charges CAD 0 a month, Monzo Flex lists £0 and Wise lists £0, so none of the three carries a monthly charge. The figures sit in different currencies, so weigh the running cost rather than the raw prices.

Bitpanda lists €0 for its card, which puts it level with Meridian Credit Union at CAD 0 on monthly cost. The gap between the two is currency and audience, not the fee: Bitpanda quotes in euros and Meridian Credit Union in Canadian dollars.

The fee is quoted in Canadian dollars at CAD 0. Monzo Flex and Wise quote in pounds, and Bitpanda quotes €0 in euros, so a reader in another market cannot treat the prices as one figure.

It suits people who want an everyday debit card with nothing to pay each month, since the fee is CAD 0. It also suits Canadian dollar banking, and readers who want spending covered by the balance they already hold.

The site median monthly fee is €0, so costing nothing to keep is the usual case among the cards compared. Meridian Credit Union matches that pattern with a fee of CAD 0.

Debit cards account for 73.4% of the cards on the site, ahead of prepaid and virtual cards. Meridian Credit Union sits in that mainstream group with a debit card, so its card type is the common choice rather than an exception.