By participating in the 2020 New Business Member Promotion (the “New Business Member Promotion”), you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions. New Business Member Promotion: The New Business Member Promotion consists of two offers available when you open a new business membership with Coast Capital Savings Federal Credit Union (“Coast Capital”), open either a new Deposit-for-free Business Account™ (“Deposit-for-free Account”) or a new One Small Fee, the Rest is Free Business Account® (“One Small Fee Account”), and meet the eligibility requirements and qualifying criteria set out here: a one-time $100 credit for opening both a new business membership and a new Deposit-for-free Account (the “Deposit-for-free Offer”); or a one-time $300 credit for opening both a new business membership and a new One Small Fee Account (the “One Small Fee Offer”); (collectively, the “Offers”). The Deposit-for-free Offer and One Small Fee Offer cannot be combined. The New Business Member Promotion runs from September 15, 2020 at 12:01 AM PST to November 15, 2020 at 11:59 PM PST, unless terminated at an earlier date by Coast Capital (the “Promotion Period”).
The Offers: To receive either the Deposit-for-free Offer or the One Small Fee Offer, you must meet all of the eligibility requirements, and complete all of the qualifying criteria, set out below. Offer Eligibility Requirements: To be eligible for either the Deposit-for-free Offer or the One Small Fee Offer, you must satisfy the following criteria: If you are an individual, you must be of the age of majority, and you must be a resident of British Columbia. If you are a corporation, partnership, limited partnership, or limited liability partnership, you must be carrying on business in British Columbia, and all individuals who are partners must be of the age of majority. You must not currently have a business membership or business account with Coast Capital for the business that either the Deposit-for-free Account or One Small Fee Account will be used for, and you must not have had a business membership or business account with Coast Capital for the business that either the Deposit-for-free Account or One Small Fee Account will be used for at any time on or after January 1, 2014. You must not previously have received any account opening promotion fee or benefit from us. You must qualify to open a business membership and either a Deposit-for-free Account or One Small Fee Account, and you must be approved by Coast Capital to open a business membership and either a Deposit-for-free Account or a One Small Fee Account. Coast Capital is not obligated to open a Deposit-for-free Account or One Small Fee Account. If, in its discretion, Coast Capital does not open a Deposit-for-free Account or One Small Fee Account, you will not be eligible for the corresponding Deposit-for-free Offer or the One Small Fee Offer. Persons opening an election account to be used for a political candidate's election campaign are not eligible. Persons other than individuals, corporations, partnerships, limited partnerships, or limited liability partnerships are not eligible. Joint Accounts and Joint Memberships are only eligible for a single Deposit-for-free Offer or One Small Fee Offer.
Offer Qualifying Criteria: To earn either the Deposit-for-free Offer or the One Small Fee Offer, you must complete all of the following steps: Step 1: You must become a new business member and open your Deposit-for-free Account or One Small Fee Account with Coast Capital during the Promotion Period. You may do so at one of our branches, online account opening services, or our call centre. No minimum balance is required. Your Deposit-for-free Account or One Small Fee Account must remain open and in good standing for not less than 90 days after creation, and until either the Deposit-for-free Offer or the One Small Fee Offer is deposited. Step 2: You must set-up at least one recurring, pre-authorized payment with a single vendor, where the amount of each recurring payment exceeds $50 (the “Pre-authorized Payment”). For greater certainty, the Pre-Authorized Payment must be for bill, loan, mortgage, or credit card payments. Transfers of funds into other accounts, or into accounts with other financial institutions, are not eligible. Step 3: Within 90 days of membership creation, you must have two successful withdrawals of payments under the Pre-Authorized Payment clear your account. For greater certainty, a pre-authorized payment does not count for this purpose if it is returned as NSF (not sufficient funds), or if it is a credit for the same amount and with the same vendor as the other pre-authorized payment. Step 4: Within 90 days of membership creation, you must have processed not less than 15 transactions through the Deposit-for-free Account or One Small Fee Account. Step 5: You must remain a business member and keep your Deposit-for-free Account or One Small Fee Account in good standing for not less than 6 months after the end of the month during which you receive your Deposit-for-free Offer or One Small Fee Offer.
Offer Fulfillment: The Deposit-for-free Offer or One Small Fee Offer will typically be deposited to your Deposit-for-free Account or One Small Fee Account, as applicable, via electronic funds transfer by March 1, 2021. If you do not remain a business member and keep your Deposit-for-free Account or One Small Fee Account in good standing for not less than 6 months after the end of the month during which you receive your Deposit-for-free Offer or One Small Fee Offer, as described in Step 5, then you must repay the full amount of the Deposit-for-free Offer or One Small Fee Offer to us on demand by us. Without limiting your obligation to repay that amount, you hereby authorize us to deduct all or any part of that amount from your Deposit-for-free Account or One Small Fee Account or any other account you maintain with us.
Offer Limits: Each individual or business is limited to one Deposit-for-free Offer or One Small Fee Offer. The Deposit-for-free Offer or One Small Fee Offer are not transferrable or assignable. No substitutions will be permitted.
General Terms and Conditions: Coast Capital will not be liable to any person for any damage or loss arising from, connected with, or relating to the New Business Member Promotion, regardless of the cause or any fault by Coast Capital or any person for whom Coast Capital is responsible, and notwithstanding that any of those persons may have been advised of the possibility of the loss or damage being incurred. To the fullest extent permissible by applicable law, by participating in the New Business Member Promotion, you agree to indemnify and hold Coast Capital harmless against any and all third party claims arising out of or in connection with any breach by you of these Terms and Conditions or your participation in the New Business Member Promotion. Coast Capital is not obligated to pay any amount in respect of the New Business Member Promotion to any person, if Coast Capital is of the opinion, in its sole discretion, that such person, or any other person or group of persons connected directly or indirectly in any way with such person, is abusing or attempting to abuse the New Business Member Promotion or is otherwise not acting in good faith in its dealings with Coast Capital. Coast Capital may, in its discretion, withdraw, cancel, terminate, modify, or suspend all or any part of the New Business Member Promotion from time to time. Any such withdrawal, cancelation, termination, modification, or suspension will not affect you if you have become a new business member and opened your Deposit-for-free Account or One Small Fee Account prior to such withdrawal, cancelation, termination, modification, or suspension. Coast Capital may, in its discretion, change, supplement, or amend these Terms and Conditions from time to time by posting amended Terms and Conditions. Any such change, supplementation, or amendment will not affect you if you have become a new business member and opened your Deposit-for-free Account or One Small Fee Account prior to such change, supplementation or amendment. Coast Capital may, in its discretion, at any time limit the number of Offers available. Decisions of Coast Capital regarding any and all aspects of the New Business Member Promotion are final and binding on all participants.
