Looking for the thrill of having your very first pay cheque deposited automatically into your account? Or wanting to forget about manually paying bills month after month? The most convenient way to achieve this is through automatic payments known as pre-authorized credit and debits.
What are Pre-Authorized Credits and Debits?
Pre-Authorized Credits are funds that are automatically deposited into a Coast Chequing ® or Coast Savings ® accounts at regular intervals. Pre-Authorized Debits are payments that are set up to debit a Coast Chequing or Coast Savings account and credit an external company.
Please note: Pre-authorized payments cannot be setup to automatically debit or credit a registered plans account or mortgage.
How do I set up Pre-authorized payments?
- You will need your Transit (branch) number, Institution (bank) number and full 12 digit account number. You can find these either on the bottom of a personal cheque or in your online banking account. We’ve included some tips on how to locate the information below.
Please note: if your account number is 11 digits, add a 0 in front of it to make it 12 digits.
Next step is to download the pre-authorized form.
- Fill out the pre-authorized form and forward it to the company that will be crediting or debiting you. Some companies do require a void cheque, which can be obtained at your local branch.
Need help finding your banking account info?
Find your information on a Cheque:
Find your information in Online Banking
Your Transit (branch) number, Institution (bank) number and full account number can be found within online banking.
- Log into your account
- From the ‘My Accounts page’ click on the account you wish credited/debited
- From the ‘Account Statement’ Page, click on ‘Show Account Details'
The transit/branch number is 5 digits long, the institution number for Coast Capital Savings is 809 and your account number is 11 or 12 digits long.
Want to be notified when your new pre-authorized credit or debit goes through your account? Sign up for the Coast Mobile Banking Alerts.