Institution profile · Federal credit union
Coast Capital
ActiveCoast Capital Savings Federal Credit UnionCDIC
Coast Capital was the first B.C. credit union to go federal, in 2018. It merged with Prospera and Sunshine Coast credit unions on May 6, 2026, and took over motusbank’s deposit accounts in 2025.
Profile facts checked October 30, 2026
Mitey files the Coast Capital index card: cheapest everyday account $30 a year.
Is Coast Capital a good bank for everyday banking?
Coast Capital’s cheapest chequing account open to anyone, Free Chequing, Free Debit, and More Account, costs $30 a year for a typical household (25 debit purchases, 6 bills and 5 e-Transfers a month), $329 below the national median of $359. Its best posted savings rate is 0.3% on $10,000. Eligible deposits are CDIC-insured to $100,000 per category.
At a glance
- Legal name
- Coast Capital Savings Federal Credit Union
- Type
- Federal credit union
- Head office
- Surrey, BC
- Founded
- Coast Capital says it has been member-owned for more than 85 years.
- Regulator
- Office of the Superintendent of Financial Institutions (OSFI) for safety and soundness; Financial Consumer Agency of Canada (FCAC) for consumer protection
- Cheapest everyday account
- Free Chequing, Free Debit, and More Account — $30 a year for the Everyday example
- Best posted savings rate
- 0.3% on $10,000 (High Interest Savings Account)
- OBSI banking cases
- 29 opened in fiscal 2025 (Nov 1, 2024 – Oct 31, 2025)
- Website
- www.coastcapitalsavings.com
Is my money safe at Coast Capital?
CDIC member since becoming a federal credit union on November 1, 2018. Prospera and Sunshine Coast deposits moved from B.C.’s CUDIC to CDIC on May 6, 2026, with transitional coverage for existing deposits.
Names CDIC lists for this member: Coast Capital, Coast Capital Savings, Prospera, Sunshine Coast Financial.
What do Coast Capital’s chequing accounts cost?
Coast Capital lists 3 chequing accounts with FCAC. For our “Everyday” example (25 debit purchases, 6 bills, 5 e-Transfers and a $1,000 low balance a month), the cheapest account open to anyone is Free Chequing, Free Debit, and More Account at $30 a year. Accounts limited to a group are marked.
| Account | Monthly fee and waiver | Included | Fees a year |
|---|---|---|---|
| Free Chequing, Free Debit, and More Account | No monthly fee | Branch: unlimited · self-serve: unlimited | $30 |
| Unlimited Chequing Account | $8.50/mo, or $0 with a $4,000 minimum balance | Branch: unlimited · self-serve: unlimited | $132 |
| Elevate Chequing Account | $16.95/mo, or $0 with a $4,000 minimum balance | Branch: unlimited · self-serve: unlimited | $233 |
- Free Chequing, Free Debit, and More Account$30
- Unlimited Chequing Account$132
- Elevate Chequing Account$233
- Cheapest in Canada: Personal Account · EQ Bank$0
- Median nationwide account$359
What would Coast Capital cost a typical household?
The cheapest Coast Capital account open to anyone for each of our four usage profiles, against the cheapest account in Canada for the same banking. Profiles are defined in the finder.
| Profile | Cheapest at Coast Capital | Fees/yr | Cheapest in Canada | Fees/yr |
|---|---|---|---|---|
| Light Mostly card and app, small balance | Free Chequing, Free Debit, and More Account | $0 | PC Money Account PC Financial | $0 |
| Everyday Household account, a few e-Transfers | Free Chequing, Free Debit, and More Account | $30 | Personal Account EQ Bank | $0 |
| Heavy Lots of card, bill and e-Transfer payments | Free Chequing, Free Debit, and More Account | $60 | Personal Account EQ Bank | $0 |
| Branch and cheques Teller visits, cheques, paper statement | Free Chequing, Free Debit, and More Account | $36 | Basic Bank Account Scotiabank | $134 |
Worked example — Free Chequing, Free Debit, and More Account (Coast Capital Savings), Everyday profile
| Monthly fee × 12 | $0 |
| Transactions beyond the included number (0 a month) × 12 | $0 |
| Other-bank ATM access fees (1 a month) × 12 | $30 |
| Paper statements × 12 | $0 |
| Fees a year | $30 |
Our take
Coast Capital is competitive: its cheapest open account costs less than the median Canadian account for everyday use. The cheapest account in Canada would save another $30 a year.
What savings rates does Coast Capital pay?
| Account | Rate at $10,000 | Monthly fee |
|---|---|---|
| High Interest Savings Account | 0.3% | No monthly fee |
Is Coast Capital on the official lists?
| Legal entity | OSFI list | CDIC member |
|---|---|---|
| Coast Capital Savings Federal Credit Union | OSFI — domestic bank (federal credit union) | Yes |
What else should you know about Coast Capital?
- Became a federal credit union on November 1, 2018, when its eligible deposits became CDIC-protected.Source: coastcapitalsavings.com
- Merged with Prospera Credit Union and Sunshine Coast Credit Union on May 6, 2026, keeping the Prospera and Sunshine Coast names.Source: coastcapitalsavings.com
- Pre-existing Prospera and Sunshine Coast deposits kept transitional coverage at the B.C. level: demand deposits for 180 days and term deposits to maturity.Source: cdic.ca
- Took over motusbank’s deposit accounts on November 1, 2025.Source: coastcapitalsavings.com
Your own pattern can change the order. Put your numbers into the true-cost finder to rank Coast Capital’s accounts against everyone else’s.
How many Coast Capital complaints reached the ombudsman?
OBSI, the ombudsman for banking, opened 29 banking cases about Coast Capital Savings Federal Credit Union in fiscal 2025 (Nov 1, 2024 – Oct 31, 2025), closed 23, and resolved 6 to the complainant’s satisfaction. Across all banks and credit unions, OBSI opened 5,438 banking cases that year (+113% on the year before) and 25% of closed cases ended with money paid.
Counts aren’t adjusted for size, so bigger banks have more cases. A complaint reaches OBSI only after the bank’s own process (up to 56 days). Source: OBSI Annual Report 2025, released March 13, 2026. How to complain.
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