Chequing account · Coast Capital Savings
Coast Capital Savings Free Chequing, Free Debit, and More Account: fees and true cost
Coast Capital Savings’s Free Chequing, Free Debit, and More Account charges no monthly fee, with branch: unlimited · self-serve: unlimited transactions. For our “Everyday” example that comes to $30 a year, #13 of 106 chequing accounts offered in Ontario.
CDICOffered in AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, SK, YT
Fees retrieved November 1, 2026
Mitey tallies a year of Coast Capital Savings’s Free Chequing, Free Debit, and More Account: $30 for the Everyday profile.
How much does Free Chequing, Free Debit, and More Account from Coast Capital Savings cost a year?
For a typical household (43 transactions and a $1,000 low balance a month), Free Chequing, Free Debit, and More Account costs $30 a year, #13 of 106 chequing accounts offered in Ontario. There is no monthly fee. Cheaper for the same banking: Personal Account at EQ Bank ($0). Eligible deposits are insured by CDIC up to $100,000 per category.
Who does Coast Capital Savings Free Chequing, Free Debit, and More Account suit?
- Best fit: the Branch and cheques profile (teller visits, cheques, paper statement), where it ranks #4 of 94 chequing accounts offered in Ontario. It costs most for the Heavy profile: $60 a year.
- Allowance: unlimited everyday transactions, so heavier use doesn’t add fees.
- Versus the cheapest: for everyday use it costs $30 a year more than Personal Account (EQ Bank), $150 over five years.
What would it cost you in a year?
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | $0 | No monthly fee | 9 of 106 |
| Everyday Household account, a few e-Transfers | $30 | No monthly fee | 13 of 106 |
| Heavy Lots of card, bill and e-Transfer payments | $60 | No monthly fee | 15 of 106 |
| Branch and cheques Teller visits, cheques, paper statement | $36 | No monthly fee | 4 of 94 |
Try your own numbers in the true-cost finder.
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | No monthly fee |
| Included transactions | Branch: unlimited · self-serve: unlimited |
| Debit purchase in Canada (beyond included) | No extra fee |
| Online or mobile bill payment | No extra fee |
| Interac e-Transfer | $1.50 |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | No extra fee |
| Withdrawal at another institution’s ATM | $2.50 |
| ATM withdrawal in the United States | $5.00 |
| ATM withdrawal in other countries | $5.00 |
| Debit purchase in the United States | $5.00 |
| In-branch withdrawal | No extra fee |
| Bill payment in branch | No extra fee |
| Cheque (as a payment) | No extra fee |
| Mailed monthly statement | $3.00 |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | No extra fee |
| Overdraft protection, per use | $5.00 |
| Overdraft interest | 21% a year |
Notes from the institution
Interac® Network ATM Transactions (Canada): $2.50 each International ATM Transactions: $5 each plus 2% administration fee on transaction amount. If paper statements are requested instead of eStatements, this account costs $3/membership per month. If paper cheque image returns are requested, this cost is $0.50/account per month, and you will receive images of all your cheques with your statement. If you don't write any cheques, no fee will be charged. No-Cost account holders will be exempt from these paper monthly statement and paper cheque image return fees. NSF Fee - applicable per Personal a
Is the money protected?
CDIC member. Eligible deposits are covered up to $100,000 per category at each CDIC member — see the deposit safety tool.
Cheaper for everyday use, at other institutions
- Personal Account (EQ Bank) — $0 a year
- Wealthsimple Chequing (Wealthsimple) — $0 a year
- 1Q Chequing Account (KEB Hana Bank Canada) — $0 a year
Other chequing accounts at Coast Capital Savings
- Elevate Chequing Account — $16.95/mo, or $0 with a $4,000 minimum balance
- Unlimited Chequing Account — $8.50/mo, or $0 with a $4,000 minimum balance
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Coast Capital Savings’s product page
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