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Coast Chequing Prestige Account Overview

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The Coast Chequing Prestige Account is a comprehensive banking solution offering many features and advantages for customers. This account makes everyday banking simple, affordable, and convenient for its members.

The Coast Chequing Prestige Account offers affordable, comprehensive banking with unlimited transactions for a $21 monthly fee. This fee can be waived if you maintain a balance of no less than $5,000.

But the account offers features such as free bank drafts and access to over 4000 ATMs across Canada. Unique benefits include a member-owned structure and a versatile mobile banking app.

Below, we examine the intricacies of this chequing account, including fees, pros, cons, and more. Let’s dive straight in.

Features of the Coast Chequing Prestige Account

The Coast Chequing Prestige Account is packed with an array of features:

  • $21 monthly fee ($10.50 for members aged 59 or older)
  • Unlimited transactions
  • Free personalized Canadian cheque orders (single or duplicate)
  • 8 free non-Coast Capital Savings ATM withdrawals in Canada and abroad
  • Free Canadian and International bank drafts
  • Free eStatements or paper statements
  • $15 safety deposit box annual discount
  • You won’t incur a monthly account fee if you ensure you monthly balance remains at no less than $5,000

The pros of the Coast Chequing Prestige Account

Unlimited Transactions

This chequing account offers unlimited day-to-day transactions. This feature provides excellent flexibility for account holders who frequently make transactions, eliminating the worry about exceeding a transaction limit.

Extensive ATM Network

With over 4000+ ding-free® ATMs across Canada, account holders can easily access their funds without being hit with ATM fees. This particularly benefits those who travel often or live in multiple locations.

Convenient Mobile Banking

The Coast Mobile® Banking app allows users to perform most smartphone transactions. This includes transfers, bill payments, cheque deposits, and more. In fact, it’s an incredible tool that enables convenience and the ability to bank on the go.

Member-Owned Structure

One of the most significant advantages of the Coast Chequing Prestige Account is that Coast Capital is a financial cooperative. This means every customer is a member and an owner, giving them a voice in the company’s direction.

Versatile Mobile Banking App

Another pro of this chequing account is the comprehensive functionality of the Coast Mobile Banking App. This app is designed to make banking easy and convenient for members. And it enables them to perform almost any transaction from their smartphone.

Coast Chequing Prestige Account - comparewise

The cons of the Coast Chequing Prestige Account

Monthly Fee

Despite its numerous benefits, this chequing account does come with a $21 monthly fee. Although this fee is relatively low compared to other premium accounts, it can still deter some potential users.

e-Transfer Fees

While receiving e-Transfers is free, sending an INTERAC® e-Transfer costs $1.50 each. This fee might be a disadvantage for users who frequently send e-Transfers.

Coast Chequing Prestige Account fees

The Coast Chequing Prestige Account comes with a comprehensive fee structure:

  • Monthly Fee: $21 (waived if a minimum balance of $5,000 is maintained)
  • Sending an Interac e-Transfer: $1.50 each
  • International POS Payments: 2% administration fee on the transaction amount
  • Non-Exchange ATM Fees: Interac $2.50 each (first 8 free in Canada); $5 International ATM fee (first 8 free) plus 2% administration fee on transaction amount for all International ATM withdrawals.

Coast Chequing Prestige Account special offers

Coast Capital offers up to $400* cash for a limited time when you become a member and open a chequing account. This is an enticing offer for new customers considering a switch to Coast Capital.

Other Coast Capital Chequing Accounts

Coast Capital offers other chequing accounts to cater to different banking needs. These include the following:

  • Coast Capital Free Chequing, Free Debit, and More Account: Offers unlimited transactions with zero monthly fee or required minimum balance.
  • Coast Capital US Chequing Account: This account allows you to make transactions in US dollars and has no account fee attached.
  • Coast Capital Chequing Classic Account: For a low monthly fee, you receive 40 day-to-day transactions per month, free personalized cheques, and more.

How to open the Coast Chequing Prestige Account

Opening a Coast Chequing Prestige Account is a straightforward process:

  1. Visit the Coast Capital website and select “APPLY ONLINE”.
  2. Choose the Coast Chequing Prestige Account
  3. If required, specify whether the account will be a joint account, define the intended use of the account, and identify whether Coast Capital will be your primary financial institution.
  4. Enter your personal information, contact details, residential address, and employment details.
  5. Double-check your application thoroughly to ensure it’s accurate, then submit it.
  6. Once submitted Coast Capital will evaluate your application and provide with a notification of its status.

There are certain eligibility requirements you’ll need to meet, to apply for this account:

  • You’ll need to be the age of majority in your province
  • You must be in possession of a Canadian Social Insurance Number (SIN)
  • Becoming a member by purchasing at least $5 in Membership Equity Shares is essential

Opening an account with Coast Capital is a straightforward process that takes as little as 5 minutes, thanks to their simplified online application process.

Coast Chequing Prestige Account conclusion

The Coast Chequing Prestige Account is a robust banking solution that offers numerous features to simplify everyday banking while providing financial flexibility.

This account stands out with its unlimited transaction offering, mobile banking convenience, extensive ATM network, and member-owned financial cooperative structure.

New members can benefit from a generous special offer, potentially earning up to $400 cash upon opening an account. It’s more than just a chequing account. This package is a gateway to becoming part of a community that values its members’ financial well-being above all else.

Perhaps you want to manage your finances more effectively or seek a banking experience tailored to your needs. Irrespective, this chequing account is a worthy consideration.

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FAQs about the Coast Chequing Prestige Account

Can I open a Coast Chequing Prestige Account if I live outside British Columbia?

Yes. But specific eligibility requirements apply. It's best to contact Coast Capital directly to understand if you qualify.

What if I’m unable to maintain a minimum balance of $5,000 in my Coast Chequing Prestige Account?

If your balance falls below $5,000, the $21 monthly fee will apply. However, the fee is $10.50 for members aged 59 and older.

Does the Coast Chequing Prestige Account offer any benefits for senior members?

Yes. Senior members (age 59 or older) enjoy a reduced monthly fee of $10.50 with this chequing account.

Coast Chequing Prestige 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 Chequing Prestige 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 Chequing Prestige Account Details
  • Account Type : Chequing
  • Monthly Transactions : Unlimited
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