The Coast Capital Elevate Chequing Account is a premium chequing account with a reasonable monthly fee and several interesting perks. With a credit card rebate, free access to the Coursera learning platform, and a couple ways to reduce the monthly fee, this account has a lot going for it.
As with most other premium chequing accounts, you’ll also get unlimited debit transactions, unlimited Interac e-Transfers, and a complimentary chequebook. Some more unique perks include access to Online identity theft protection and password manager services.
What are the features of the Coast Capital Elevate Chequing Account?
The Coast Capital Elevate Chequing Account’s best features include free access to Coursera and unlimited transactions. You can also get a one-time credit card rebate and free access to Exchange Network ATMs. Take a look at all the features and benefits the Coast Capital Elevate Chequing Account has to offer:
Why You Want It
$125 GeniusCash + New members can get $400** when they open and use an Elevate Chequing Account.
Special Features
- Free access*** to Coursera's global learning platform (Value $538/year)*
- Free identity theft protection and password manager with ID Assist
- New members must purchase a minimum of $5 in membership equity shares
- 2 free Interac network Canadian ATM withdrawals per month†
- 3 free International ATM withdrawals per year††
Eligibility
- Have a SIN
- Age of majority in your province
- Live in Canada (except Quebec)
- New members must purchase a minimum of $5 in membership equity shares
Provinces
AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, SK, YT
Features
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$16.95
Excess Transaction Fee
N/A
Excess Interac E-Transfer Fee
N/A
Maximum Credit Card Annual Fee Waiver
$50
Maximum Welcome Bonus
$400
Promo End Date
December 01, 2025
Physical Locations
Automatic Budgeting System
Minimum Interest Rate
N/A
Earn Rewards On Debit Purchases
Free Cheques
Free Bank Drafts
Max Rebates For Other Accounts
N/A
Discounts For Seniors
Discounts For Youth
Other Discounts
Terms
* Conditions apply. See full terms and conditions here.
*** 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/.
**** Pay $8.50/month if you: are 25 years of age or younger; or are 59 years of age or older; or maintain a minimum $4,000 daily balance at all times throughout the calendar month. Or pay $11.95/month when you set up and deposit monthly payroll or another eligible direct deposit into the account. 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
† 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.
†† 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.
ID Assist®, Sigma Loyalty Group Inc. and all associated marks and logos are trademarks owned or used under license.
Coast Capital Elevate Chequing Account product rating: 3.5 stars
There's a lot to like about the Coast Capital Elevate Chequing Account, especially the welcome bonus worth up to $400, the unlimited free transactions, the complimentary ID Assist, and Coursera access. Coast Capital has added a unique and valuable opportunity by providing free access to Coursera, a learning platform that allows Canadians to strive towards career advancement and possibly improve their earning potential.
While this chequing account offers a lot, the lack of access for Quebec residents is a legitimate concern that we hope Coast Capital Savings addresses in the future.
Rating methodology
To assess chequing accounts, we examine more than 30 data points to provide a reliable Genius Rating. We take into account all aspects of the account, such as fees, benefits, interest rates, customer satisfaction, accessibility, and promotions, to determine its overall value. The features of the account are then rated in comparison to other available options.
Learn more about our rating methodology.
What are the top features of the Coast Capital Elevate Chequing Account?
Here's a look at the top features the Coast Capital Elevate Chequing Account has going for it:
Pros
Monthly fee discounts available****
If you're 59 or older or 25 and younger, or maintain a daily balance of $4,000, you pay only $8.50/month. Alternatively, if you set up an eligible direct deposit into your account, you’ll only have to pay $11.95/month – though these discounts don’t stack.
Annual fee rebate on select Coast Capital credit cards
If you have one of three Coast Capital credit cards issued by Collabria, and open a Coast Capital Elevate Chequing Account, you’re eligible for a one-time rebate of $50. It also works if you open the chequing account first and then get a Coast Capital card – the rebate will be deposited directly into your chequing account.
50 free cheques annually
The Coast Capital Elevate Chequing Account provides you with 50 single cheques for free, which you can receive once per year.
Free ID protection and password manager
The Coast Capital Elevate Chequing Account allows you to use ID Assist at no cost, which is Coast Capital’s online identity theft protection service. It includes comprehensive online monitoring and will alert you of any suspicious activity or compromised data. You’ll also get access to a password manager. In the worst case, they also provide identity restoration support.
Free access to Coursera***
Perhaps the most unusual and valuable feature the Coast Capital Elevate Chequing Account offers is free access to Coursera, an online learning platform that offers 13,000+ courses, professional certificates, and designations. These courses and programs are from world-class universities and companies, which means you have a unique opportunity to pursue personal and professional advancement.
What are the downsides of the Coast Capital Elevate Chequing Account?
There are still a couple of things we'd like to see the Coast Capital Elevate Chequing Account improve upon:
Cons
Limited unaffiliated ATM withdrawals and slightly higher ATM fee
The Coast Capital Elevate Chequing Account offers free access to over 4,000 Exchange Network ATMs in Canada. However, outside of that the Coast Capital Elevate Chequing Account offers three free global ATM withdrawals per year and two non-affiliated ATM withdrawals within Canada per month. If you go over the allotment for unaffiliated ATM use in Canada, you'll be charged $2.50 per withdrawal. Most other banks charge $2.
Not available in Quebec
Unfortunately, if you live in Quebec, you won't be able to open a Coast Capital Elevate Chequing Account. However, Coast Capital products were once only available in British Columbia, but have since expanded to cover most of Canada – hopefully Quebec is next.
What are some alternatives to the Coast Capital Elevate Chequing Account?
This table lines up the Coast Capital Elevate Chequing Account side-by-side with its competitors so you can see the similarities and differences:
 |  |  |  | |
|---|---|---|---|---|
| Account | Coast Capital Elevate Chequing Account | BMO Performance Chequing Account | Scotiabank Preferred Package | Laurentian Bank Unlimited Account |
| Genius Rating | ||||
| Why You Want It | $125 GeniusCash + New members can get $400** when they open and use an Elevate Chequing Account.
| $50 GeniusCash + Up to $700 in cash + a Walmart Delivery Pass Subscription for up to 12 months*. *T&Cs apply. | $100 GeniusCash + Get up to a $700* welcome bonus + Earn Scene+ points on all debit purchases. | Unlimited transactions + Discounts for students and seniors. |
| Minimum Balance To Waive Fee | N/A | $4,000 | $4,000 | $3,000 |
| # Of Free Monthly Transactions | Unlimited | Unlimited | Unlimited | Unlimited |
| # Of Free Monthly Interac E-Transfers | Unlimited | Unlimited | Unlimited | Unlimited |
| Monthly Fee | $16.95 | $17.95 | $16.95 | $14.75 |
| Excess Transaction Fee | N/A | N/A | N/A | N/A |
Show More | ||||
| I Want This Deal See more Coast Capital Savings products Compare | I Want This Deal See more BMO products Compare | I Want This Deal See more Scotiabank products Compare | Learn More See more Laurentian Bank products Compare |
Comparison to other Coast Capital chequing accounts
Coast Capital offers two other chequing accounts. The Coast Capital Free Chequing, Free Debit, and More Account is a basic, no monthly fee account with few perks, while the Coast Capital Unlimited Chequing Account is the mid-tier account with only slightly less features than the Coast Capital Elevate Chequing Account with a lower monthly fee.
| | | |
|---|---|---|---|
| Account | Coast Capital Free Chequing, Free Debit, and More Account | Coast Capital Unlimited Chequing Account | Coast Capital Elevate Chequing Account |
| Genius Rating | |||
| Why You Want It | $100 GeniusCash + New members can get $150** when they open and use a Free Chequing Account.
| $125 GeniusCash + New members can get $250** when they open and use an Unlimited Chequing Account.
| $125 GeniusCash + New members can get $400** when they open and use an Elevate Chequing Account.
|
| Minimum Balance To Waive Fee | N/A | $4,000 | N/A |
| # Of Free Monthly Transactions | Unlimited | Unlimited | Unlimited |
| # Of Free Monthly Interac E-Transfers | 0 | Unlimited | Unlimited |
| Monthly Fee | $0.00 | $8.50 | $16.95 |
| Excess Transaction Fee | N/A | N/A | N/A |
Show More | |||
| I Want This Deal See more Coast Capital Savings products Compare | I Want This Deal See more Coast Capital Savings products Compare | I Want This Deal See more Coast Capital Savings products Compare |
Frequently asked questions
What's the monthly fee for the Coast Capital Elevate Chequing Account?
Account holders pay $16.95 per month for the Coast Capital Elevate Chequing Account. This is on par with some of the best big bank chequing accounts, including the BMO Performance Chequing Account and CIBC Smart Account.
What's the minimum balance for the Coast Capital Elevate Chequing Account?
There's no minimum balance requirement to open a Coast Capital Elevate Chequing Account, but you can have the monthly fee reduced by maintaining a $4,000 balance. Seniors and students can get the monthly fee further reduced to $8.50.
How does the GeniusCash bonus work with the Coast Capital Elevate Chequing Account?
If you apply for this account through moneyGenius, you’ll receive $125 once you make your first deposit – it will be sent through Interac e-Transfer or paypal as soon as possible.
What is the interest rate of the Coast Capital Elevate Chequing Account?
The Coast Capital Elevate Chequing Account does not pay interest, but Coast Capital does offer a separate, high-interest savings account, with a promo interest rate of 4.1%
Is there a membership fee required to have an account with Coast Capital Savings?
Yes, individuals must pay a one-time fee of $5 to become members of the Coast Capital credit union. Prospective account holders must become members before they're able hold any financial products or use services provided by this credit union.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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