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Is Free Chequing the right account for you?

May be right for you if:

  • Checkmark You just want a basic account with no frills
  • Checkmark You don't want to maintain a minimum balance
  • Checkmark You value no monthly fee over other benefits

May not be right for you if:

  • Cross icon You’re looking for free Interac® e-Transfers
  • Cross icon You want more premium banking benefits
  • Cross icon You want identity theft protection

Free Chequing, Free Debit, and More Account Details

Monthly Fee $0
Minimum Balance Not required
Day-to-day Transactions1 Unlimited
Interac e-Transfers $1.50 each (sending)
Free (receiving)
Canadian Cheque Book Free for ages 59+
Monthly eStatement

Free
(Printed statements are $3/month per membership2)
Coast Capital and The Exchange® Network ATM Transactions Free
Interac® Network ATM Transactions (Canada)3 $2.50 each
International ATM Transactions4 $5 International ATM fee plus 2% administration fee on transaction amount
Coast Online® and Mobile® Banking Free
Click here for service fees
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Compare Accounts

Explore our chequing accounts to understand which account is best suited to your needs.

 

Account Features
Free Chequing Account
Unlimited Chequing Account
Elevate Chequing Account
Monthly Fee $0 $8.50 or less $16.95 of less
Reduced monthly fee if you :
- Maintain a minimum $4,000 daily balance at all times during the calendar month or
- Are 59+ years of age or
- Are 25 years of age or younger		 N/A Pay $0 Pay $8.50
Or get $5 off monthly fee
When you set-up and deposit payroll or another eligible direct deposit into the account.5		 N/A Pay $3.50 Pay $11.95
Interac e-Transfers
Interac e-Transfers
Sending $1.50/transfer Free Free
Receiving Free Free Free
Unlimited day-to-day transactions1 checkmark checkmark checkmark
Free access to ID Assist® - Online identity theft protection
(For one account holder)		 N/A checkmark checkmark
+Password manager
Free access to Coursera6 – Online learning platform
(For one account holder)		 N/A N/A checkmark
Free paper or eStatements eStatement only2 checkmark checkmark
One free Canadian cheque book
(Annually)		 Free for ages 59+ 25 singles 50 singles
Up to $50 one-time first year credit card rebate
On eligible credit cards issued by Collabria7		 N/A N/A checkmark
2 free Interac network Canadian ATM withdrawals per month8 N/A N/A checkmark
3 free International ATM withdrawals per year9 N/A N/A checkmark
  

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Frequently asked questions

Transactions include cheques drawn on the account, Coast Capital® and THE EXCHANGE® Network ATM withdrawals, Interac Direct Payment, pre-authorized payments, bill payments, transfers (between Coast Capital accounts), and withdrawals (in-branch/self serve). Deposits and electronic transfers (between Coast Capital accounts) performed via Coast Capital® ATM, Coast-by-Phone®, and Coast Capital digital banking are free & unlimited.

Seniors(59+ years of age) receive free personalized cheque orders and free cheque images (returned with statements). Canadian office cheques and bank drafts are also free for Seniors.

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CDIC Deposit ProtectionCDIC Deposit Protection

Coast Capital Savings Federal Credit Union is a member of the Canada Deposit Insurance Corporation (CDIC). More CDIC information

Only deposits payable in Canada are eligible to be insured under the Canada Deposit Insurance Corporation Act.
Want to compare our accounts with accounts at other financial institutions? Use the Financial Consumer Agency of Canada Account Selector Tool

  1. Transactions include cheques drawn on the account, Coast Capital® and THE EXCHANGE® Network ATM withdrawals, Interac Direct Payment, pre-authorized payments, bill payments, transfers (between Coast Capital accounts), and withdrawals (in-branch/self serve). Deposits and electronic transfers (between Coast Capital accounts) performed via Coast Capital ® ATM, Coast-by-Phone®, and Coast Capital digital banking are free & unlimited.
  2. Low-Cost Account: Our Free Chequing, Free Debit & More Account meets our public commitment to ensure that members have access to basic banking services at a nominal cost. If printed statements are requested instead of eStatements, this account costs $3/month. If you are a student, youth, Guaranteed Income Supplement recipient, or Registered Disability Savings Plan (RDSP) beneficiary, you may request printed statements at no charge. Call our Advice Centre or visit a branch to find out more information.
  3. Surcharges from other financial institution ATMs may apply.
  4. Additional fees may be charged by third parties as part of the transaction amount. The ‘transaction amount’ we use to calculate the commission is the amount of the POS or ATM request we receive and pay from your account to settle your international ATM or POS transaction. The ATM or POS request we receive is in Canadian dollars. Any currency conversion to calculate the Canadian dollar transaction amount is done by a third party in the electronic network your debit request comes through on. We do not set the rates for or complete those currency conversions. Fees or commissions of third parties involved in processing your international ATM or POS transaction may also be included in the transaction amount.
  5. Eligible transaction codes include the following; Payroll: 200-207; Pension: 230-233, 310-312, 315-316; Govt Payment: 313, 318, 600-607; Gig Payroll: 450
  6. Coursera is an online learning platform offering multiple continuing education opportunities from leading universities and institutions. The products offered by Coursera can, but do not guarantee to, help users advance, relaunch, or improve their earning potential in their careers. As a bonus on their Coast Capital Elevate Chequing Account, a primary account holder will receive one (1) free Coursera for Business license for the account holder’s personal use. This license will be associated with the primary account holder’s email address on Coast Capital’s records. The license can only be used with the associated email address to open a Coursera account. The license will be valid for the period the primary account holder maintains a Coast Capital Elevate Chequing Account in good standing. The license has a monetary value of $538 CAD per year or monthly monetary value of $79 CAD as of January 1, 2024. Limit of one (1) license per primary account holder. No substitutions will be allowed. Coast Capital may allow, at its sole discretion, transfers of the license to another individual as decided by the primary account holder. The license may be subject to content, course, and program exclusions or limitations at the sole discretion of Coursera. The use of the license will be exclusively subject to Coursera’s terms, conditions, and policies. Details regarding Coursera’s products, terms, conditions, and policies can be found at https://www.coursera.org/
  7. As a holder of an eligible Coast Capital credit card issued by Collabria – only applies to World Mastercard®, Cash Back World Elite Mastercard ®, and Centra Gold Mastercard® – you may qualify for a onetime fee rebate of up to $50 upon (i) opening or holding an eligible Coast Capital credit card account as the primary cardholder and (ii) opening or holding a Coast Capital Elevate Chequing Account as the primary account holder. For clarity, if you are currently a primary account holder on an Coast Capital Elevate Chequing Account and then open an eligible Coast Capital credit card account, you will be eligible for the onetime fee rebate; if you are currently a primary cardholder on an eligible Coast Capital credit card account and then open a Coast Capital Elevate Chequing Account, you will be eligible for the onetime fee rebate. The fee rebate shall be applied directly to eligible Coast Capital credit card account in the year the eligible Coast Capital credit card account, or Coast Capital Elevate Chequing Account, or both are opened. Limit of one fee rebate per Coast Capital Elevate Chequing Account. The eligible credit card account and Coast Capital Elevate Chequing Account must be in good standing at the time the fee rebate is applied. Coast Capital may change, revoke, or end this offer at any time in its sole discretion and without further notice.
  8. Coast Capital waives its fee for up to two (2) Interac® network ATM transactions per month for transactions initiated within Canada. Surcharges from other financial intuition ATMs may apply.
  9. Coast Capital waives its fee for up to three (3) international ATM transactions per year for transactions initiated outside Canada. Additional 2.00% international ATM administration fee still applies. The international ATM administration fee is a commission calculate based on the amount of the ATM request Coast Capital receives and is paid from your account to settle your international ATM transaction. The ATM request Coast Capital receives is in Canadian dollars. Any currency conversion to calculate the Canadian dollar transaction amount is done by a third party in the electronic network your ATM request comes through on. Coast Capital does not set the rates for or complete those currency conversions. Fees or commissions of third parties involved in processing your international ATM transaction may also be included in the transaction amount per month for transactions initiated within Canada.