The Coast Capital Unlimited Chequing Account is a mid-tier chequing account from Coast Capital. If you're in the market for an account with unlimited day-to-day transactions****, including free e-Transfers, don't count this one out simply because it's from a credit union – it can hold its own against similar chequing accounts from much bigger banks.
Coast Capital is headquartered in Surrey, British Columbia, and the company once only offered banking products for residents of that province. Luckily, things have changed, and most Canadians can now take advantage of the Coast Capital Unlimited Chequing Account and other financial services.
Coast Capital Unlimited Chequing Account features
From unlimited transactions to unaffiliated global ATM fees, here's a look at the features and details of the Coast Capital Unlimited Chequing Account:
Why You Want It
$125 GeniusCash + New members can get $250** when they open and use an Unlimited Chequing Account.
Special Features
- Online identity theft protection and monitoring (Value $96/year)
- Free withdrawals and deposits at more than 4,000 ATMs across Canada
Eligibility
- Be the age of majority in your province or territory
- Have a SIN
- 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
$4,000
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$8.50
Excess Transaction Fee
N/A
Excess Interac E-Transfer Fee
N/A
Maximum Credit Card Annual Fee Waiver
N/A
Maximum Welcome Bonus
$250
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.
*** Pay $0/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 $3.50/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
**** 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.
** Terms and conditions apply. Earn $125 Geniuscash from moneyGenius when you make your first deposit into your new account.
ID Assist®, Sigma Loyalty Group Inc. and all associated marks and logos are trademarks owned or used under license.
Coast Capital Unlimited Chequing Account product rating: 3.6 stars
With a lower-than-average monthly fee, free identity theft protection, we had a hard time finding much fault with this excellent chequing account. To put it simply, the Coast Capital Unlimited Chequing Account is a mid-tier account with more than mid-tier features.
The few issues we did find with this account are certainly noteworthy and can cause some real headaches. But if you don't live in Quebec and you keep a close eye on your daily balance, there's really no reason why you shouldn't take advantage of this well-built financial product.
To top it off, when you become new Coast Capital member, we'll give you $125 GeniusCash from moneyGenius when you make your first deposit into your new account.
Rating methodology
To calculate our Genius Ratings, we compare the features of the account or product in question with other similar products in Canada. We give each feature a score out of 5 based on that comparison. Once we’ve rated all the features, we run them through our proprietary algorithm to produce a final rating out of 5.
Learn more about our rating methodology.
The pros of Coast Capital Unlimited Chequing Account
These are the features that really help the Coast Capital Unlimited Chequing Account stand out from the crowd:
Pros
Reasonable monthly fee***
Account holders pay just $8.50 per month for their Coast Capital Unlimited Chequing Account. Other mid-tier accounts like this, with essentially the same features, charge $15.95, or even $16.95 – making this Coast Capital option a steal of a deal in comparison.
Valuable welcome offer**
At the time of writing, this account has a valuable welcome bonuse for new members – $250** in cash. You'll earn your money simply by openening your account and using it. Full details available here.
Free ID Assist protection
ID Assist is an online identity theft protection service that provides 24/7 monitoring of credit reports, social media, public records, and more. Security alerts, restoration assistance, guided advice, and other services are all part of this service. It's valued at $96 per year, but Coast Capital Unlimited Chequing Account account holders enjoy ID Assist at no charge.
Discounts for seniors, youth, and others***
Anyone below the age of 25 or above the age of 59 can enjoy the Coast Capital Unlimited Chequing Account at no charge. The monthly fee is also waived if you maintain a $4,000 balance. If you don't fit these age ranges and/or are unsure about maintaining this balance, setting up a monthly payroll or other eligible direct deposit will earn you a $5 monthly discount.
Free cheques each year
Some chequing accounts provide your first book of cheques for free and that's it. The Coast Capital Unlimited Chequing Account, though, provides 25 personal cheques for free each year. So you can go ahead and write cheques for rent, services, or whatever else you like.
The cons of Coast Capital Unlimited Chequing Account
There are still a few areas of concern with this product, including these:
Cons
Unavailable in Quebec
This account is unfortunately not available for Quebec residents right now – in fact, none of Coast Capital's chequing or savings accounts are open for Quebecers. It used to be that none of these products were available outside of British Columbia, but this has changed, which gives us hope that Quebec residents will be eligible in the future.
No free unaffiliated ATM withdrawals
A couple of free unaffiliated ATM withdrawals are included with the Coast Capital Elevate Chequing Account, but not with the Coast Capital Unlimited Chequing Account. This is unfortunate because fees for these withdrawals will set you back $2.50 in Canada and a hefty $5 internationally. With that said, Coast Capital offers members access to Exchange Networks ATMs, which there are plenty of in Canada.
Coast Capital Unlimited Chequing Account alternatives
If you're curious as to how the Coast Capital Unlimited Chequing Account looks side-by-side with similar accounts, take a look here:
 |  |  | |
|---|---|---|---|
| Account | BMO Performance Chequing Account | CIBC Smart Account | National Bank Connected Chequing Account |
| Genius Rating | |||
| Why You Want It | $75 GeniusCash + Up to $700 in welcome bonuses + up to 4.6% interest on Savings Amplifier account. *T&Cs apply. | Get up $500 when you open an account + Lower monthly fee for seniors. | Unlimited digital transactions + $30 annual credit card discount. |
| Minimum Balance To Waive Fee | $4,000 | $4,000 | $4,500 |
| # Of Free Monthly Transactions | Unlimited | Unlimited | Unlimited |
| # Of Free Monthly Interac E-Transfers | Unlimited | Unlimited | Unlimited |
| Monthly Fee | $17.95 | $16.95 | $15.95 |
| Excess Transaction Fee | N/A | $1.25 | N/A |
Show More | |||
| I Want This Deal See more BMO products Compare | Learn More See more CIBC products Compare | Open an account See more National Bank products Compare |
Comparison to other Coast Capital chequing accounts
The Coast Capital Unlimited Chequing Account is not the only chequing account Coast Capital offers. Here are its other chequing accounts:
 | | |
|---|---|---|
| Account | Coast Capital Free Chequing, Free Debit, and More 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 $400** when they open and use an Elevate Chequing Account.
|
| Minimum Balance To Waive Fee | N/A | N/A |
| # Of Free Monthly Transactions | Unlimited | Unlimited |
| # Of Free Monthly Interac E-Transfers | 0 | Unlimited |
| Monthly Fee | $0.00 | $16.95 |
| Excess Transaction Fee | 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 |
FAQ
What is the Coast Capital Unlimited Chequing Account?
The Coast Capital Unlimited Chequing Account is a chequing account from Coast Capital Savings that offers unlimited transactions and complimentary ID Assist. While unavailable in Quebec, other Canadians can enjoy this account for $8.50 per month.
What are the benefits of the Coast Capital Unlimited Chequing Account?
The Coast Capital Unlimited Chequing Account offers unlimited Interac e-Transfers and other transactions, but its most unique benefits include free access to ID Assist, which provides identity theft protection services, and a welcome bonus worth up to $250 when you sign-up for multiple Coast Capital products.
Is Coast Capital a good bank?
Yes, Coast Capital Savings is a well-established and trustworthy financial institution, with headquarters in Surrey, B.C. It's actually a credit union that's been around for more than 80 years and has been a certified B Corporation since 2018.
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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