Balance & Transfer-in Offer Terms & Conditions
General:
Offer Start Date: October 28, 2025, at 12:00 am EST
Offer End Date: December 31, 2025, at 11:59 pm EDT
Offer Funding Deadline: February 28, 2026, at 11:59 pm EDT
Eligibility Criteria:
1. The Offer is available to existing Embark Student Corp. (“Embark”) subscribers (“Offeree”) who meet all the following conditions:
a) Is a subscriber of an Embark Student Plan or an Embark Select Conservative Plan (the “Plan”);
b) Is presented with the Offer by an Embark’s licensed representative or Education Savings Specialist on or before the Offer End Date;
c) Makes a one-time transfer-in of RESP assets from another financial institution (“OFI”) and/ or a one-time deposit received by Embark and deposited into the Plan before the Offer Funding Deadline.
Bonus Conditions:
1. An incentive bonus of 2% of assets transferred in will be granted to the Offeree for amounts over $5,000 of assets transferred in from an OFI or a bonus of 2% of one-time Contributions above $5,000 completed as a single transaction (“one-time deposit”) into the Plan by the subscriber (the “Bonus”) and a one-time reimbursement bonus of $150 in OFI transfer-out fees (“Reimbursement”) for a minimum of $5,000 of assets transferred in to the Plan will be granted to the Offeree provided all conditions set out in these Terms and Conditions are met.
“Contribution” means the amount you pay into your Plan.
2. The Offeree making a transfer of less than $5,000 or a one-time Contribution of less than $5,000 will not qualify for the Offer and will not receive any Bonus or Reimbursement.
3. The Offeree making a transfer-in of over $5,000 will receive 2% Bonus on the amount contributed and to a maximum of $2,400 in total Bonus.
Example:
The Offeree who transfers in $15,000 from an OFI and satisfies the Terms and Conditions of the Offer will receive a total amount of $300 in Bonus and $150 in Reimbursement.
$4,000 contribution or transfer-in will not be eligible for any Bonus or Reimbursement.
4. The Offeree making a one-time Contribution of $5,000 or over will receive a 2% Bonus on the amount contributed in a single transaction up to the maximum of $2,400 in total Bonus.
Example 1: Customer opts into the Offer with a licensed Embark Student Corp. representative or Education Savings Specialist prior to the Offer End Date and transfers in $24,000 from another institution and deposits additional $2,000 in contributions before the Offer Funding Deadline. The total amount transferred into the Plan is thus $24,000. Customer will earn $480 Bonus and the Reimbursement of $150 deposited into their Plan on or before the Offer Bonus Date. The $2,000 deposit will not attract a bonus as the amount is less than the $5,000 one-time contribution minimum.
Example 2: Customer registers for a pre-authorized contribution of $500 monthly and verbally opts into the Offer with a licensed Embark Student Corp. representative or Education Savings Specialist prior to the Offer End Date. The amount is not a one-time contribution and is below the $5,000 minimum, thus the customer will not be eligible for any Bonus or Reimbursement.
5. The Bonus and Reimbursement will be deposited into Offeree’s Embark Plan as a Contribution (which will be eligible to attract applicable government grants and earn income) within ninety (90) days from the Offer Funding Deadline “Offer Bonus Date.” The Bonus and Reimbursement will be deposited as a Contribution into the Plan to which the transfer and/or deposit was made. The Bonus and Reimbursement will not be paid in cash or other form.
6. The Bonus will be calculated as of the receipt and deposit into the Plan of the Transfer-in from the OFI or the one-time deposit before the Offer Funding Deadline. Any transfers-out or withdrawals between the Offer Start Date and the Offer Funding Deadline will reduce the amount used in calculation of the Bonus. The Reimbursement of $150 will be paid to all Offerees who transfer-in funds from another OFI.
7. After fulfilling the Offer conditions, the Offeree must keep their Embark Plan active for thirty-six (36) months after the transfer-in. In the event of termination of, or Non-Post Secondary Education Withdrawal (NPSE) from the Embark Plan within that timeline, both the Transfer-in Bonus and the Reimbursement will be subtracted from the balance of the Offeree’s Embark Plan (the “Clawback”). When Embark Plan is terminated, standard closing costs and transfer-out fees will apply, as defined in the Student Plan Prospectus or Embark Select Conservative Plan’s Prospectus.
8. The Clawback will be subject to the following exceptions:
a. Termination of Embark Plan due to a death of the Beneficiary, or
b. Post-Secondary Education (PSE) withdrawal, or
c. Non-Post Secondary Education Withdrawal (NPSE) if the Beneficiary is twenty- five (25) years of age or older.
9. All amounts are stated in Canadian dollars.
Other Terms and Conditions:
10. It is the Offeree’s responsibility to know if they have enough RESP contribution room for each New Beneficiary. If the Bonus exceeds the maximum amount of contributions allowed by the CRA, Embark will not be held responsible for any taxes or penalties resulting from payment of any Bonus or excess contributions, or for the contributions not attracting grants.
11. Only transfers-in of RESP assets from financial institutions outside of Embark are eligible for this Offer. Assets transferred from other Plans are not eligible for this Offer.
12. The terms and conditions of this Offer, including its overall availability, are at the sole and absolute discretion of Embark and are subject to change at any time without prior notice.
13. Embark Student Corp. reserves the right at its sole discretion to, without advance notice, terminate or suspend the Offer, in whole or in part, or modify it in any way.
14. Embark Student Corp. reserves the right, at its sole discretion, to suspend, disqualify, limit or revoke this Offer for any Offeree, whom it finds or believes to be manipulating or otherwise abusing the process, fairness, or integrity of the Offer or who otherwise becomes ineligible. Bonuses earned through fraudulent activities or activities in violation of these Terms and Conditions will be null and void and repayment may be requested by Embark Student Corp.
15. In the event of conflict, these Terms and Conditions will prevail over any of the contents of any brochure, promotional materials or statements, or any other communication regarding this Offer, whether written or oral from Embark Student Corp., except where otherwise stated.
16. By accepting this Offer, you agree that you have read and understood these Terms and Conditions and agree to be bound by them. Any notice offered by us with respect to this Offer is deemed to be provided on the day it is posted on Embark Student Corp.’s website.