Interac e-Transfers®
If you had a motusbank No Fee Chequing account, your new Coast Capital Unlimited Chequing Account will continue to include unlimited Interac e-Transfers®. You will need to be signed up for digital banking to send or receive e-Transfers with Coast Capital.
You can set up your e-Transfer profile and send and receive e-Transfers on November 1. If you don't set up your profile on November 1, all your profile information including recipient and auto-deposits will be transferred over on November 2.
Don't forget
Be sure you have no outstanding e-Transfers to be accepted or received from your motusbank account as these will not be processed after October 31 . Any outgoing e-Transfers pending on October 31 will be cancelled, with the funds deposited back to your motusbank account.
Wire transfers
Wire transfers that are scheduled to be received in your motusbank account after October 31 will not be processed. You can start receiving wires with Coast Capital on November 1. There are also some service fee changes. At this time, outgoing wire transfers can only be requested at a Coast Capital branch.
Don't forget
Be sure you have no scheduled wire transfers to be received in your motusbank account after October 31 as these will not be processed.
Bill payments
Recurring bill payments are payments that you initiate in your account to pay a vendor on a set schedule. When you move to Coast Capital, these will be automatically set up for you on your Coast Capital account if you had them set up with motusbank.
All bill vendors set up in your motusbank online account will transfer over to your Coast Capital profile, an alternative payment method will be required.
Don't forget
- Be sure you have no outstanding bill payments scheduled from your motusbank account after October 31 as these will not be processed
- On or after November 1, you can schedule new recurring and future-dated bill payments on your Coast Capital account through digital banking
- On or after November 1, review your recurring or pre-authorized bill payments to ensure they were all successfully moved over
Cheques
Any cheques written on your motusbank account prior to migration can still be cashed after migration and the funds will be drawn on your new Coast account.
If you have a motusbank No-Fee Chequing account, you’ll be moved to the Unlimited Chequing account which includes 1 free book of 25 single cheques.
Don't forget
If you require cheques, they can be ordered through digital banking on or after November 1.