What is Innovation Federal Credit Union?
Innovation Federal Credit Union is a Canadian federal credit union offering chequing, savings, credit cards, loans, mortgages and other everyday financial products.
Its current $50 referral promotion is tied to the No-Fee Chequing Account and requires eligible new members to complete the published account-opening and transaction conditions. For people searching for an Innovation Credit Union referral code, Innovation’s current promotional material identifies REFER50 for the $50 offer.
How Innovation Federal Credit Union's referral program works
Start with the BestReferral referral link
Start through the personalized Innovation referral link on this page so the referral can be tracked correctly. If Innovation asks for a promo or referral code during onboarding, follow the current instructions shown by Innovation; its current $50 promotional material identifies REFER50.
Meet the new-member eligibility rules
For the current $50 offer, Innovation says the referred person must be a new member (or not have been a member since January 1, 2016), be at least 18, be a Canadian resident, and meet account-opening requirements. The offer is not available to Quebec residents.
Open the No-Fee Chequing Account
Open the account through Innovation’s digital onboarding process by September 30, 2026, use the designated referral/promo information, and enroll in Digital Banking.
Complete 15 transactions within 60 days
Make at least 15 incoming or outgoing transactions within 60 days of opening the account and keep the account active and in good standing.
Receive the $50 referral bonus
After the requirements are met, Innovation states that the eligible new member receives the $50 bonus in the third month following the month the account was opened. The account must remain active and in good standing at payment time.
Last verified: August 2026. Current $50 offer terms were verified against Innovation Federal Credit Union’s published referral offer in August 2026. Innovation states that this version of the offer is for select referring members in the Edmonton and Beaumont, Alberta regions and may change or end after September 30, 2026.
Innovation Credit Union referral code FAQ
What is the current Innovation Credit Union referral code?
Innovation’s current promotional material for the $50 referral offer identifies REFER50. Because referral promotions and onboarding steps can change, confirm the code or referral instructions shown by Innovation when opening the account.
How much is the current Innovation referral bonus?
The current promotion offers an eligible new member a $50 referral bonus after the published account-opening and transaction requirements are completed. Any BestReferral extra reward shown on this page is separate from Innovation’s own $50 bonus.
BestReferral extra reward
The current extra reward for this offer is $10. This reward is separate from Innovation Federal Credit Union's own referral bonus.
- Start with the Innovation Federal Credit Union offer shown on this page.
- Complete Innovation Federal Credit Union's qualifying referral requirements.
- The referral must be successfully verified and attributed.
- BestReferral must receive the qualifying referral compensation before the extra reward is payable.