Open a Business Account

Not sure what kind of documents to bring in when you apply for your business account? We’ve compiled a checklist to get you started.

Get the Checklist

Some other things you should know.

Sole Proprietors

You will need to be a resident of British Columbia and satisfy credit check requirements.

If you’re not an existing member, you’ll be asked to purchase $5 in membership equity shares. It’s not a fee. It’s a one-time investment giving you a say in how we do business. We’ll also return it to you if you leave the credit union. But we really hope you won’t.

Partnerships

All partners, along with any other individuals who will be signers, need to come in. The partners will need to satisfy credit check requirements.

If the partnership is not an existing member, you’ll be asked to purchase $5 in membership equity shares. It’s not a fee. It’s a one-time investment giving you a say in how we do business. We’ll also return it to you if you leave the credit union. But we really hope you won’t.

Corporations

At least two Directors, along with any other individuals who will be signers, need to come in. The Directors will need to satisfy credit check requirements.

If the Corporation is not an existing member, you’ll be asked to purchase $5 in membership equity shares. It’s not a fee. It’s a one-time investment giving you a say in how we do business. We’ll also return it to you if you leave the credit union. But we really hope you won’t.

Unincorporated Organizations

All Unincorporated Organizations need 2 individuals who are personal members of Coast Capital Savings to act as Sponsors on the account. One of the Sponsors must be a Coast Capital member with an account in good standing for a period of at least 6 months prior to opening the Organization account.

The two Sponsors, along with any other individuals who will be signers, need to come in.

Incorporated Association or Society

At least two Directors, along with any other individuals who will be signers, need to come in. The Directors will need to satisfy credit check requirements.

If the Association or Society is not an existing member, you’ll be asked to purchase $5 in membership equity shares. It’s not a fee. It’s a one-time investment giving you a say in how we do business. We’ll also return it to you if you leave the credit union. But we really hope you won’t.



Don't see your business type on the list?

Don’t worry. We can help all types of businesses – that includes yours. Contact us for more information about what you’ll need to open an account.