Part of the MITEY Network · independent, not a bankFees retrieved November 1, 2026 · lists checked October 30, 2026
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Institution profile · No longer operating separately

motusbank

Wound downMotus Bank

motusbank was Meridian Credit Union’s digital Schedule I bank. It wound down in 2025, with deposits moving to Coast Capital and most lending to Meridian.

Profile facts checked October 30, 2026
Mitey the Yeti pointing at motusbank’s account fees
OBSI banking cases0opened in fiscal 2025

Mitey files the motusbank index card: 0 OBSI banking cases.

What is motusbank?

motusbank (Motus Bank) no longer operates as a separate institution. This page records what happened, where its accounts went and the official sources, so you can check how your deposits are protected now. Use CDIC’s member list to confirm where deposits sit today.

What changed

Wound down in 2025: most Ontario lending accounts moved to Meridian on May 1, 2025 and deposit accounts moved to Coast Capital on November 1, 2025.

At a glance

Legal name
Motus Bank
Type
No longer operating separately
Owner / parent
Meridian Credit Union (until wind-down)
Regulator
Formerly OSFI
OBSI banking cases
0 opened in fiscal 2025 (Nov 1, 2024 – Oct 31, 2025)
Website
www.coastcapitalsavings.com/about-us/welcoming-motusbank-members

Is my money safe at motusbank?

No longer a CDIC member. Former deposit accounts moved to Coast Capital Savings Federal Credit Union (a CDIC member).

What else should you know about motusbank?

  1. Meridian and Coast Capital announced in March 2025 that they would acquire motusbank’s assets and liabilities and wind the bank down.
    Source: meridiancu.ca
  2. October 31, 2025 was the last day of motusbank service; active accounts moved to Coast Capital on November 1, 2025.
    Source: coastcapitalsavings.com
  3. For most Ontario members, lending accounts moved to Meridian on May 1, 2025.
    Source: meridiancu.ca
Mitey the Yeti, CanadianBanks.ca’s guide, pointing out a tip
Mitey’s note

Fees for this institution aren’t in FCAC’s tool. Ask for its fee schedule and put the numbers into the account-fee calculator.

How many motusbank complaints reached the ombudsman?

OBSI, the ombudsman for banking, opened 0 banking cases about Motus Bank in fiscal 2025 (Nov 1, 2024 – Oct 31, 2025), closed 0, and resolved 0 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.

Educational information only, not financial, legal or tax advice. CanadianBanks.ca is independent and is not affiliated with, endorsed by or paid by any institution listed. Confirm details with the institution and the official sources linked on each page before you act. Read the full disclaimer.

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