Chequing account · Coast Capital Savings
Coast Capital Savings Unlimited Chequing Account: fees and true cost
Coast Capital Savings’s Unlimited Chequing Account charges $8.50/mo, or $0 with a $4,000 minimum balance, with branch: unlimited · self-serve: unlimited transactions. For our “Everyday” example that comes to $132 a year, #20 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 Unlimited Chequing Account: $132 for the Everyday profile.
How much does Unlimited Chequing Account from Coast Capital Savings cost a year?
For a typical household (43 transactions and a $1,000 low balance a month), Unlimited Chequing Account costs $132 a year, #20 of 106 chequing accounts offered in Ontario. The $8.50 monthly fee is waived with a $4,000 minimum balance. Cheaper for the same banking: Personal Account at EQ Bank ($0). Fees as listed with FCAC on November 1, 2026.
Who does Coast Capital Savings Unlimited Chequing Account suit?
- Best fit: the Branch and cheques profile (teller visits, cheques, paper statement), where it ranks #13 of 94 chequing accounts offered in Ontario. It costs most for the Heavy profile: $162 a year.
- Allowance: unlimited everyday transactions, so heavier use doesn’t add fees.
- Waiver or fee? Keeping $4,000 waives the $8.50 fee ($102 a year). The same money at 3% (30 Day Notice Savings Account, EQ Bank) would earn about $120 a year, so paying the fee and saving the money elsewhere comes out ahead.
- Versus the cheapest: for everyday use it costs $132 a year more than Personal Account (EQ Bank), $660 over five years.
What would it cost you in a year?
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | $102 | Monthly fee $8.50 | 30 of 106 |
| Everyday Household account, a few e-Transfers | $132 | Monthly fee $8.50 | 20 of 106 |
| Heavy Lots of card, bill and e-Transfer payments | $162 | Monthly fee $8.50 | 23 of 106 |
| Branch and cheques Teller visits, cheques, paper statement | $102 | Monthly fee $8.50 | 13 of 94 |
Try your own numbers in the true-cost finder. Is keeping $4,000 in the account worth it? Run it in the account-fee calculator.
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | $8.50/mo, or $0 with a $4,000 minimum balance |
| 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 | No extra fee |
| 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 | Not available |
| In-branch withdrawal | No extra fee |
| Bill payment in branch | No extra fee |
| Cheque (as a payment) | No extra fee |
| Mailed monthly statement | No extra fee |
| 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
Free access to ID Assist® monitoring for no extra charge. Interac® Network ATM Transactions (Canada): $2.50 each International ATM Transactions: $5 each plus 2% administration fee on transaction amount. NSF Fee - applicable per Personal account (not per returned item).
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
- Free Chequing, Free Debit, and More Account — No monthly fee
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Coast Capital Savings’s product page
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