Deposit On-the-go Agreement

  • My registered mobile phone can be used to deposit cheques or bank drafts into my account(s) with Coast Capital Savings.
    • I will only deposit a cheque or bank draft that is payable to me, in Canadian dollars, drawn on a Canadian financial institution.
    • I will only deposit the cheque or bank draft to a Canadian dollar account.
    • I will not deposit a cheque or bank draft that is post-dated, stale-dated, or altered in any way.
    • I will endorse the cheque or bank draft on the back before deposit.
    • Funds will appear right away, but hold times may apply.
    • When the deposit is completed, I will write “deposited” across the front of the cheque or bank draft.
    • I will not attempt to redeposit or negotiate the cheque or bank draft.
    • I will keep the cheque or bank draft for 90 days, and provide it to Coast Capital Savings if requested.
    • I will then destroy the cheque or bank draft within the next 30 days.
    • Coast Capital Savings may set limits on the number and amount of deposits, and may change those limits.
    • Each cheque deposited is counted as one transaction. Transaction fees may apply, depending on the type of account you have.
  • I am wholly responsible for any unauthorized use of the Deposit On-the-go service through my registered mobile phone by any person. I understand that if my registered mobile phone is lost or stolen, I will be required to disable and/or delete registration of that phone by accessing Coast Online Banking.
  • Coast Capital Savings is not responsible for any loss, damage, injury or inconvenience experienced by me as a result of the following:
    • Coast Capital Savings’ delay or failure to process any deposit for any reason whatsoever;
    • any error in the processing of any deposit by Coast Capital Savings or its service providers; or
    • any disruption in the Deposit On-the-go service for any reason whatsoever including but not limited to a disruption caused by my mobile phone provider.
  • I am wholly responsible for all fees that my mobile phone service provider charges.
  • My use of the Deposit On-the-go service is otherwise governed by my existing Coast Capital Savings account and services agreement, a copy of which is available on the Legal page or at any Coast Capital Savings branch, as amended by the Deposit On-the-go Terms, a copy of which is available as a PDF or at any Coast Capital Savings branch.  In the event of any inconsistency between a provision of this document and a provision of my existing Coast Capital Savings account and services agreement (as amended by the Deposit On-the-go Terms), the provision of my existing Coast Capital Savings account and services agreement (as amended by the Deposit On-the-go Terms) shall prevail.

For information on changes to deposit insurance and the transition period if we become a federal credit union, see the notice pursuant to the Disclosure on Continuance Regulations (Federal Credit Unions).