Business Service Fees

 

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Coast Business & Community Accounts  
The One Small Fee, the Rest is Free Business Account® Monthly Fee: $35Unlimited deposits1
Transfers between Coast Capital Savings accounts
Withdrawals2 and bill payments
The Deposit-for-free Business Account™ Monthly Fee: $5Unlimited deposits1
Debit transactions are just 95¢
Coast Business Savings Monthly Fee: NoneUnlimited deposits1
Debit transactions3 are just 90¢ (waived if minimum monthly balance is at least $1,000)
The High-interest Business Savings Account Monthly fee: NoneUnlimited deposits1
2 transactions included3
Additional transactions3: $3
Coast US Business Chequing Monthly fee: NoneFirst transaction is free
Subsequent transactions are 95¢ each (US)
Coast Community Chequing Monthly fee: NoneUnlimited deposits1 and withdrawals2

1. Deposits include in-branch deposits, preauthorized credits, Coast Capital Savings® business depository ATM deposits, regular ATM deposits and electronic deposits.
2. Withdrawals include cheques, Coast Capital Savings® and THE EXCHANGE® Network ATM withdrawals, Interac Direct Payment, preauthorized payments, online, mobile, telephone banking and in-branch bill payments, in-branch transfers between Coast Capital Savings accounts, and in-branch withdrawals. Non-EXCHANGE® ATM fee: $2.50 each; additional fees may be charged by third parties as part of the transaction amount. International ATM Fee: $5.00 each plus 2% administration fee on transaction amount. International POS fee: $2.15 each plus 2% administration fee on transaction amount. The ‘transaction amount’ is the international ATM or POS payment instruction that we receive in Canadian Dollars and pay from your account to settle the transaction. The ‘transaction amount’ is converted to Canadian Dollars by third party participants in the electronic network used to process the transaction at rates which are not set by us. Third party fees or commissions may also be included in the transaction amount.
3. Transactions include, Coast Capital Savings® and THE EXCHANGE® Network ATM withdrawals, Interac Direct Payment, preauthorized payments, online, mobile, telephone banking and in-branch bill payments, in-branch transfers between Coast Capital Savings accounts, and in-branch withdrawals. Non-EXCHANGE® ATM fee: $2.50 each; additional fees may be charged by third parties as part of the transaction amount. International ATM Fee: $5.00 each plus 2% administration fee on transaction amount. International POS fee for Coast Business Savings: $2.15 each plus 2% administration fee on transaction amount. International POS fee for High-interest Business Savings Account: $3.00 each plus 2% administration fee on transaction amount. The ‘transaction amount’ is the international ATM and POS payment instruction that we receive in Canadian Dollars and pay from your account to settle the transaction. The ‘transaction amount’ is converted to Canadian Dollars by third party participants in the electronic network used to process the transaction at rates which are not set by us. Third party fees or commissions may also be included in the transaction amount.

Coast Online Business Banking  
Coast Online Business Banking One-time set-up fee: $25Monthly Fee: Starts at $25/Month

 

Automated Funds Transfers  
Standard Automated Funds Transfers One-time set-up fee: $200Monthly Fee: Greater of $35/Month or $12/file plus 12¢ per transaction
Auto-release Automated Funds Transfers One-time set-up fee: $200Monthly Fee: $50/Month plus 12¢ per transaction

 

Cheque Orders & Business Deposit Books  
Cheque orders & business deposit books Available for ordering through branch catalogue at any of our branches.  
Cheque Image Retrieval1 Cheque cleared < 18 months requested in-branch $2 per cheque Cheque cleared < 18 months requested online Free Cheque cleared > 18 months $7.50/item

1. With some of our accounts, you can add an option to pay $2.50 per month and receive images of all your cheques with your statement. If you don't write any cheques, no fee will be charged.

Cheque & Payment Processing  
Cheque clearing - Canadian cheque (no charge with the One Small Fee, the Rest is Free Business Account) 95¢
Cheque clearing - US cheque on US account 95¢ US
Overdrawing Savings/Chequing Accounts without a Line of Credit $5/item + interest charges
Transfers to cover overdrafts $5/item
Exceeding Limit on Line of Credit $5/item + interest charges
Chargeback (deposited items returned unpaid) $7.50
NSF Due to Cheque or Pre-authorized Payment (PAP) If returned due to insufficient funds $45.00/item
Unqualified Clearing Items Cheque written in US funds on a Canadian chequing account $15 Cheque written on a savings account $10
Stop Payment $18 per stop payment

 

Dormant Accounts/Closing Accounts  
Dormant Accounts(no activity within 2 years) Any balance $2/month
Closing An Account 90 days or over Free Under 90 days $25

 

Network ATM & POS  
Coast Business Chequing accounts The EXCHANGE® 95¢ each1 Interac®2 $2.50 each International ATM $5 each + 2.00% per transaction4 POS within Canada 95¢1 International POS $2.153 + 2.00% per transaction4
Coast Business Savings accounts The EXCHANGE® 90¢ each Interac®2 $2.50 each International ATM $5 each + 2.00% per transaction4 POS within Canada 90¢ International POS - for Coast Business Savings $2.153 + 2.00% per transaction4 International POS - for The High-interest Business Savings Account $3.003 + 2.00% per transaction4

1. Free with the One Small Fee, the Rest is free Business Account.
2. ® Trade-Mark of Interac Inc. Used under licence.
3. Not available with the Coast US Business Chequing account.
4. The ‘transaction amount’ is the international ATM and POS payment instruction that we receive in Canadian Dollars and pay from your account to settle the transaction. The “transaction amount’ is converted to Canadian Dollars by third party participants in the electronic network used to process the transaction at rates which are not set by us. Third party fees or commissions may also be included in the transaction amount.
5. Surcharges from other financial institution ATMs may apply.

Other Banking Services  
Bill Payment Reversal (done via Coast-by-Phone®/Coast Online®) Same day before 2pm Free Same day after 2pm $15 each
Foreign Currency Orders $5 (excluding US and UK)
Transferring Balance Of Account Including office cheque fee $25
Information Search and Statement Replacement Member information Requests/Searches:
  • Information retrievals
  • Statement replacement through archives
  • Account information letters
  • Bank confirmations – from accountant/auditor
$35/hour ($35 minimum)
Interim statement produced at branch $2/monthly statement
Coin Orders Per roll 15¢
Lost ATM card replacement $5

 

Safety Deposit Boxes (GST included) 1 2  
1.5 x 5 $48.75
2.5 x 5 $65.63
5 x 5 $92.81
2 x 10 $92.81
5 x 10 $169.69
10 x 10 $285.94
12 x 15 $330.00
Drilling boxes Contact your branch for more information
Replacing safety deposit box key $20

1. Sizes and availability vary by branch.
2. Get $10 off if you are a senior or have a Coast Chequing Classic Package account, or get $15 off with a Coast Chequing Prestige Package account.

Drafts  
Office Cheques/Certified Cheques Members $10 Non-members $15
Drafts Foreign Drafts $7.50(CAD) US Drafts $7.50(CAD)

 

Wire Transfers1  
Incoming Wires Under $500 CAD Free $500 CAD and over $10
Outgoing Wires To other Canadian financial institution $20 To international financial institution (under $10,000 CAD) $25 To international financial institution ($10,000 CAD and over) $40
Recalls or Amendments(waived if error by Coast Capital Savings or funds not received) $50
Returns $10

1. All wire transfer fees are charged in Canadian dollars.