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Access your US Dollars in Canada for no monthly fee - Claim this offer

Coast Capital US Chequing Account Overview

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If you’re searching for an outstanding US chequing account, The Coast Capital US Chequing Account is highly recommended. It’s hailed as the ideal solution for Canadians who want to transact in US dollars.

The Coast Capital US Chequing Account offers affordable, easy-to-use banking with no monthly fees. Key features include unlimited deposits, one free monthly withdrawal, and transaction fee waivers for accounts maintaining a $1,000 minimum balance.

The account provides free eStatements and allows for transactions in US dollars. Additional perks include a vast ATM network and convenient mobile banking.

Let’s dive into the features, pros, cons, fees, and special offers associated with this account. And we’ll also explore some other options from Coast Capital.

Coast Capital US Chequing Account Features

Every chequing account comes with a specific list of features that sets it apart. These are some of the features you can look forward to when opening this chequing account:

  • Write cheques in US dollars: Allows for transactions in US currency, bypassing the need for constant currency conversion. Ideal for regular transactions in the US.
  • No monthly fee: The account doesn’t have a monthly fee, offering simple, cost-effective banking and freeing up funds for other financial needs.
  • Free deposits and one free withdrawal per month: Enjoy unlimited deposit freedom and one free withdrawal each month, balancing the needs for saving and spending.
  • Minimum balance fee waiver: Transaction fees are waived when maintaining a minimum balance of $1,000 monthly, incentivizing a healthy account balance.
  • Free eStatements: Gain anytime, anywhere access to your account details online with free eStatements, eliminating the need for paper statements and simplifying finance management.

The pros of the Coast Capital US Chequing Account

There is No Monthly Fee

The standout benefit of the Coast Capital US Chequing Account is its lack of a monthly fee. This makes it an affordable option for those who require a US dollar account but don’t plan to use it frequently.

Transaction Fee Waiver

Another benefit of this account is the transaction fee waiver for those maintaining a minimum monthly balance of $1,000. This feature offers significant savings to account holders who regularly make transactions.

eStatements are Free

The Coast Capital US Chequing Account also offers free eStatements. This feature lets customers easily track their transactions, balances, and more in real time.

Unlimited Deposits (and a Free Withdrawal)

This chequing account allows unlimited deposits into the account, giving customers a lot of flexibility. Additionally, the provision of one free withdrawal per month is a bonus that can come in handy, especially for those who need to perform frequent withdrawals.

Pay in US Dollars

For those who need to transact regularly in US dollars, this account allows cheques to be written in US currency. This can be a significant advantage for users who deal with US-based entities, avoiding the need for constant currency conversion and providing a smoother transaction process.

Convenient Banking with Mobile App

The Coast Mobile Banking app lets you manage your account from your smartphone. From transferring funds and paying bills to depositing cheques, the app provides a convenient and efficient banking experience.

Access to Wide ATM Network

With this chequing account, you can access over 4000+ ding-free ATMs across Canada. This means you can withdraw cash or perform other ATM transactions without worrying about additional fees from out-of-network ATMs.

Coast Capital US Chequing Account - comparewise

The cons of the Coast Capital US Chequing Account

Limited Free Transactions

The major downside of this chequing account is that it only includes one free withdrawal per month. This could be a significant disadvantage for users needing to withdraw funds more frequently.

Fees for Additional Transactions

Additional transactions beyond the one free withdrawal each month will incur a fee of $1.00. This could add up quickly for those making several transactions per month.

Coast Capital US Chequing Account fees

It’s always prudent to know what fees you’re in for before committing to a new chequing account. And the crucial fees to consider for this particular US chequing account are as follows:

  • Monthly fee: None
  • 1 transaction included
  • Additional transactions: $1.00 each
  • Optional Paper statement fee: $3 US per month

Coast Capital US Chequing Account special offers

Coast Capital offers up to $400 cash for a limited time when you become a member and open a free chequing account. This offer provides a significant incentive for potential new members.

Other Coast Capital Chequing account options

If the Coast Capital US Chequing Account doesn’t meet your needs, consider these other options:

  • Coast Capital Free Chequing, Free Debit, and More Account: This account has no monthly fee and offers unlimited transactions.
  • Coast Capital Chequing Prestige Account: This account comes with a $21 monthly fee (waived if maintaining a $5,000 balance) and offers many daily banking transactions.
  • Coast Capital Chequing Classic Account: This account has an $11 monthly fee and includes 40 day-to-day transactions per month.

How to open a Coast Capital US Chequing Account

Should you opt for this chequing account, you’ll be happy to know that the application process is a breeze:

  • Visit the Coast Capital website and click on “Apply Online.”
  • Fill out the online application with your name, personal information, and contact details.
  • Upload proof of ID.
  • 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 US Chequing Account conclusion

The Coast Capital US Chequing Account is a versatile and cost-effective solution for individuals requiring regular transactions in US dollars. It’s a user-friendly platform that offers a plethora of benefits. These include no monthly fees, unlimited deposits, and transaction fee waivers for those maintaining a $1,000 minimum balance.

Having the convenience of free eStatements and the flexibility to write cheques in US dollars further enhances the account’s appeal. And with access to over 4000+ ATMs and the handy Coast Mobile Banking app, managing your finances is just a click away.

Bear in mind that every financial decision should align with your personal or business needs. As such, ensure you evaluate all the features and benefits of an account before choosing a banking solution.

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FAQs about the Coast Capital US Chequing Account

Can I open a Coast Capital US Chequing Account if I'm not a resident of Canada?

Coast Capital accepts applications from all Canadian residents except those living in Quebec. Non-residents should contact Coast Capital directly for more information.

Does the Coast Capital US Chequing Account offer overdraft protection?

The specific information on overdraft protection for the US Chequing Account isn't provided. However, Coast Capital does offer overdraft protection on other accounts, so it's best to contact them directly for accurate information.

Are there any special offers available for new members opening a Coast Capital US Chequing Account?

Yes. Coast Capital occasionally runs promotional offers for new members. Currently, new members can receive up to $400 cash when they open a new chequing account. Always check their website for the most recent offers.

Coast Capital US Chequing Account Details

Transaction Fee
No Fee
E-Transfer Fee
No fee
Monthly Self Serve Transactions
Unlimited
Monthly Cheque Transactions
Unlimited
Monthly E-Transfers
Unlimited
Number of Monthly Transactions
Unlimited
Bank Draft Cost
No fee
Travellers Cheques
Free
Personalized Cheques
Commission Fee
Paperless Statements
No fee
Mailed Monthly Statements
No fee
Other Features

Coast Capital US Chequing Account Contact

Phone Number
Hours
Mon-Sat, 8am-8pm PST; Sun, 9am-5:30pm PST
Address
9900 King George Blvd #800 Surrey BC V3T 0K7 Canada
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Coast Capital US Chequing Account Details
  • Account Type : Chequing
  • Monthly Transactions : Unlimited
  • Other Features :
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