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Coast Capital chequing accounts

Whether you have basic everyday banking needs or you want unlimited transactions, there's a Coast Capital chequing account to suit you.

Coast Capital is a British Columbia based credit union with 600,000 members, making it one of the largest credit unions in Canada. If you’re a BC resident, Coast Capital offers four chequing accounts to suit a variety of day-to-day banking needs. Keep reading to compare these Coast Capital Chequing accounts and the fees and features they offer.

Compare Coast Capital chequing accounts

Coast Capital Free Chequing, Free Debit, and More Account

What we like:

  • No monthly fee
  • Unlimited day-to-day transactions
  • Free deposits and withdrawals at over 4,000 ATMs around Canada
  • Free bill payments
  • Overdraft protection available on approved credit

Fees & features:

  • Monthly fee: $0
  • Minimum balance: $0
  • POS payments in Canada: Free
  • e-Transfers: $1.50
  • Coast Capital Savings or THE EXCHANGE Network ATM deposits and withdrawals: Free

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Coast Capital US Chequing

What we like:

  • No monthly fee
  • Write cheques in USD
  • No transaction fees (if you meet minimum balance requirements)
  • Free eStatements

Fees & features:

  • Monthly fee: $0
  • Minimum monthly balance for waived transaction fees: US$1,000
  • Deposits per month: Unlimited
  • Withdrawals: 1 free per month, then US$1 for additional transactions
  • Paper statement fee: US$3 per month

Coast Chequing Prestige Account

What we like:

  • unlimited transactions
  • Waived monthly fee (if you meet minimum balance requirements)
  • Discounted monthly fee for seniors
  • Free bank drafts and personalized cheques
  • 8 free ATM withdrawals in Canada and abroad from non-Coast Capital ATMs

Fees & features:

  • Monthly fee: $21 ($10.50 if you're 59 or older)
  • Minimum balance for waived monthly fee: $5,000
  • Personalized cheques: Free
  • Canadian and international bank drafts: Free
  • eStatements and paper statements: Free
  • e-Transfers: $1.50

Coast Chequing Classic Account

What we like:

  • Waived monthly fee for seniors
  • Free personalized cheques
  • Safety deposit box annual discount
  • Free eStatements and paper statements

Fees & features:

  • Monthly fee: $11 (waived if you're 59 or older)
  • Included transactions: 40 per month
  • Additional transaction fee: $1
  • e-Transfers: $1.50
  • Safety deposit box annual discount: $10
  • Canadian office cheques: Free
  • US drafts: Free

Benefits of Coast Capital chequing account plans

You can expect the following perks when you open a Coast Capital chequing account:

  • Free monthly eStatements. You can access free monthly eStatements on all Coast Capital chequing accounts. Free paper statements are also available with the Coast Chequing Classic and Prestige Accounts.
  • Overdraft protection. Optional overdraft protection is available on approved credit to help you avoid NSF fees.
  • Easy banking options. Coast Capital members can take advantage of free access to online banking, the Coast Mobile banking app and Coast-by-Phone telephone banking.
  • Money Manager. Available through online and mobile banking, the Money Manager tool lets you manage your monthly spending, track spending trends, and put together payment plans to help you pay off debt faster.
  • 4,000+ ATM network. You can make fee-free withdrawals at Coast Capital ATMs as well as ATMs in THE EXCHANGE Network.
  • Mobile cheque deposits. You can deposit cheques using Coast Capital’s mobile banking app by uploading photos of the front and back of each cheque.

How to open a Coast Capital chequing account

If you’d like to open a chequing account with Coast Capital, first check to make sure you meet the eligibility requirements. To open an account online, you’ll need to be the age of majority in your province or territory. Anyone in Canada can apply to become a member of Coast Capital, except for residents of Quebec.

To apply you will need to:

  1. Fill out an online application with your name, personal information and contact details.
  2. Upload proof of ID.
  3. Purchase $5 in Membership Equity Shares to become a member of Coast Capital.

Once your account has been opened, you can deposit funds and sign up for online banking. Your debit card will be mailed out within 10 to 14 business days.

Coast Capital fees

Here are some of the fees you should be aware of when you open a chequing account with Coast Capital:

  • Sending an Interac e-Transfer: $1.50
  • Non-EXCHANGE ATM transactions: $2.50 each (in Canada)
  • International ATM transactions: $5 plus 2% administration fee
  • Transferring balance of account: $25
  • Canadian office cheques: $10 (free for juniors, seniors and those with a Coast Chequing Classic or Prestige Account)
  • US drafts: $7.50 (free for juniors, seniors and those with a Coast Chequing Classic or Prestige Account)
  • Dormant account fee: $50 per year (if no account activity within 24 months)
  • Overdraft protection usage fee: $5 per month plus interest (21% per year)
  • Overdrawing chequing account without overdraft protection: $5 per item plus interest (prime + 18% per year)

Compare other chequing accounts

Name Product Monthly Account Fee Free Transactions e-Transfer Fee Bonus Offer Offer
Simplii No Fee Chequing Account
Simplii No Fee Chequing Account
$0
unlimited
$0
Earn $400
Earn $400 when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends February 29, 2024.
Scotiabank Preferred Package
Scotiabank Preferred Package
$16.95 (can be waived)
unlimited
$0
Earn $550
Earn a welcome bonus of up to $550. Valid until February 29, 2024. Plus, earn up to 5.60% interest for 3 months on your MomentumPLUS Savings Account.
BMO Performance Chequing Account
BMO Performance Chequing Account
$16.95 (can be waived)
unlimited
$0
Earn $600
Get up to a $600 cash bonus. Valid until February 29, 2024. Plus, earn a 5.50% promo interest rate when you open a Performance Chequing and a Savings Amplifier Account.
EQ Bank Personal Account
EQ Bank Personal Account
$0
unlimited
$0
Earn 4.00% interest
Enjoy high interest with no fees on everyday banking, plus unlimited transactions and no minimum balances. Sign up online in minutes.
Coast Capital Free Chequing, Free Debit, and More Account
Coast Capital Free Chequing, Free Debit, and More Account
$0
unlimited
$1.50
Earn 20% cashback
Earn 20% cashback (up to $450) on household bills when you become a member and open a Free Chequing, Free Debit and More Account. Valid until February 29, 2023. Coast Capital is available to BC residents only.
Scotiabank Ultimate Package
Scotiabank Ultimate Package
$30.95 (can be waived)
unlimited
$0
Earn $550
Earn a welcome bonus of up to $550. Valid until February 29, 2024. Plus, earn up to 5.60% interest for 3 months on your MomentumPLUS Savings Account.
RBC Signature No Limit Banking Account
RBC Signature No Limit Banking Account
$16.95 (can be waived)
unlimited
$0
Get Apple Watch Series 9
Get the new Apple Watch Series 9 when you switch to RBC & open an RBC Signature No Limit Banking Account. Valid until April 1, 2024.
BMO Premium Plan Chequing Account
BMO Premium Plan Chequing Account
$30 (can be waived)
unlimited
$0
Earn $600
Get up to a $600 cash bonus. Valid until February 29, 2024. Plus, earn a 5.50% bonus interest rate when you add a Savings Amplifier Account.
RBC VIP Banking Account
RBC VIP Banking Account
$30 (can be waived)
unlimited
$0
Get Apple Watch Series 9
Get the new Apple Watch Series 9 when you switch to RBC & open an RBC VIP Banking Account. Valid until April 1, 2024.
Neo Money Account
Neo Money Account
$0
unlimited
$0
N/A
Innovation Federal Credit Union No-Fee Chequing Account
Innovation Federal Credit Union No-Fee Chequing Account
$0
unlimited
$0
Win a winter getaway
Open an account and you could win a $2,500 winter getaway. Valid until March 31, 2024.
CIBC Everyday Chequing Account
CIBC Everyday Chequing Account
$4
12/month
$1.50
N/A
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If the key feature you’re looking for in a chequing account is no monthly fees, you might want to check out the Simplii No Fee Chequing Account or the Tangerine No Fee Daily Chequing Account.

But if you’re searching for an account that offers unlimited transactions as well as a range of other perks, the Scotiabank Ultimate Package or the BMO Premium Plan Chequing Account may be a better choice.

Coast Capital chequing account FAQs

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