How to get this offer.

Join us and open a business account online using your friend's referral promo code before December 28, 2023. Follow Step 1 below to get your cash bonus and for your friend to get their referral bonus too.

Step 1: Get up to $400 cash1

Become a business member and open one of the business chequing accounts below. Complete the offer criteria to get the cash.

 

Pick account

Step 2: Get your account fee waived2.

We’ll waive your first year chequing account fee upon approval and successful funding of one of the financing solutions below.

 

LEARN MORE

Switch your business banking to us and get up to $400 cash1.

It’s easy. Choose the chequing account that’s best for your business and complete the offer criteria below to get your cash bonus. Here’s a helpful guide on what you need to open a business account online, in branch or over the phone.

The One Small Fee, the Rest is Free Business Account®

Get $400 cash1 when you join and open this account.

  • Unlimited in-branch deposits, transfers between Coast Capital accounts, withdrawals and bill payments
  • Unlimited cheque clearing
  • Unlimited debit card transactions within Canada
  • $38 monthly fee ($456 per year)
  • Click here for more details
Open account

The Deposit-for-Free Business Account™

Get $2001 when you join and open this account.

  • Unlimited in-branch and ATM deposits
  • Unlimited transfers via Coast Online®, Coast Mobile® Banking and Coast-by-Phone® 
  • $6 monthly fee ($72 per year)
  • Click here for more details
Open account

How to get your cash bonus:

  1. Become a business member and open your Deposit-for-Free Account or One Small Fee Account.
  2. Set up one or more recurring pre-authorized payments of at least $50 each. Make sure at least two payments are successfully withdrawn, under the pre-authorized payment, in the first 90 days.
  3. Start using your account. You qualify for the cash bonus if at least 15 transactions are processed through the account in the first 90 days. .
Open account

Get your first year of chequing account fees waived.

Save $456 on the first year of The One Small Fee, the Rest is Free Business Account® fees or save $72 on the first year of The Deposit-for-free Business Account fees, upon approval and successful funding of a Mortgage, Line of Credit, Business Loan, or Auto and Equipment Financing2.

To get your fee waiver:

Call our Business Banking Team at 1.888.517.7000 to apply for one of the below products within 45 days of account opening.

BOOK APPOINTMENT 

Ideal funding to support emergency needs or revenue-generating activities since you can repeatedly borrow against it and pay it back.

Are you in trades?
Get approved for a line of credit in as little as 30 minutes.

$10,000 - $300,000

Funding to support expansion or operational updates at an affordable rate and with flexible payment terms.

We offer competitive mortgage rates and flexible terms to help you finance your new or existing business premise:
  • Ideal for purchasing or expanding office, retail and industrial properties, residential subdivision multi-residential properties, and strata units
  • Variable and fixed interest rates available
Enjoy low rates and a quick application process for business vehicle and equipment financing. We finance a wide range of business vehicles and equipment like cargo vans, passenger vehicles, trucks and construction equipment.

We’ve answered your most popular FAQs.

Opening a business account online is fast and easy. You can open most corporation accounts online, without having to visit a branch.

Not all signers need to be together to start the application – just one Director or partner needs to start the application. Once the application has been reviewed by the Coast Capital Business team, the individual signers will each be sent an email with a link to complete their individual portions.

To ensure you have the right information to open your account quickly, check out our guide here.

If you’re setting up another business type, unable to apply online or have any questions, please reach out to our Business Banking Team.

OPEN ACCOUNT

To receive the cash bonus, follow these steps:

Step 1: Become a business member and open your Deposit-for-free Account or One Small Fee Account from now until December 28, 2023 

Step 2: Set up one or more recurring pre-authorized payments of at least $50 each, for bill, loan, mortgage, or credit card payments. Make sure at least two payments are successfully withdrawn, under the pre-authorized payment, in the first 90 days.

Step 3: Start using your account. You qualify for the cash bonus if at least 15 transactions are processed through the account in the first 90 days.

See full terms and conditions for the cash bonus offer.

OPEN ACCOUNT

If you have questions or need help picking the right solutions for your business, connect with our Business Banking Team at 1.855.350.7775 or book an appointment online.

OPEN ACCOUNT

After your account opening, please call our Business Banking Team at 1.888.517.7000 within 45 days to apply for a Mortgage, Business Loan, Line of Credit, or Auto and Equipment Financing. Our team will discuss your business needs and help you choose the right financing solutions.

OPEN ACCOUNT

When will I receive the cash bonus?

The cash bonus will be deposited into your account by April 30, 2024. See full terms here.

When will I receive my chequing account fee waiver?

Chequing account fee waivers through this offer will be applied within 5 business days after approval and successful funding of a Mortgage, Business Loan, Line of Credit, or Auto and Equipment Financing. See Footnote 2 for details and full terms. 

I have a personal membership at Coast Capital already. Do I qualify for these offers?

If you already have a personal membership with us but no business membership, you are eligible for this offer. If you are an existing business member who is opening a new chequing account for your existing business, you are not eligible.

I used to have a business account with Coast Capital. Am I eligible?

To be eligible, you must not have or have had a business membership or account with Coast Capital within the last 5 years, for the business that either the Deposit-for-free Account or One Small Fee Account will be used for.

Are account transfers part of the eligibility for the 15 transactions through the chequing account?

No. Account transfers, service fees, interest charges, and incomplete transactions will not qualify. For details and a summary of eligible transactions, see full terms here.

Why is my application to open a new chequing account denied?

There are a number of reasons an application may be declined. If your online application for a new chequing account was declined, please contact us or call us at 1.855.350.7775.

 

Holistic investment strategies for you and your business.5

Our Wealth Team is here to create tailored strategies to help you reach your goals--both business and personal. We cover investments, solutions to protect what matters to you and estate planning to create one comprehensive plan for you and your business.

Set up a complimentary consultation today. 

Book appointment

Holistic investment strategies for you and your business.5

Our Wealth Team is here to create tailored strategies to help you reach your goals--both business and personal. We cover investments, solutions to protect what matters to you and estate planning to create one comprehensive plan for you and your business.

Set up a complimentary consultation today. 

Book appointment
Get all your business banking needs in one place.

Start by opening your business account online, in person or calling us at 1.855.350.7775.

OPEN ACCOUNT BOOK APPOINTMENT
  1. Click here to read the full terms & conditions for the new business member offer.
  2. Annual chequing account fee waived, for the first year, if you sign up from now until December 28, 2023. Member must (i) sign up for an account, and (ii) apply, be approved for, and receive funding (as applicable) from any Coast Capital Business Loans, Mortgage, Line of Credit, or auto or equipment financing (excluding the Coast Capital Business Line of Credit product, any OnDeck or FundThrough product, and the Canada Small Business Financing Program) within 45 days of signing up for an account. Small Business lending products are subject to Coast Capital’s lending policies, criteria, and standard lending fees. Personal guarantee(s), security, and additional documentation may be required. Other fees will apply. Coast Capital reserve the right to alter or terminate this offer at any time. This offer is limited to one per business membership and is not transferable, substitutable, or duplicable. This offer may be combined with other Coast Capital offers, subject to approval by Coast Capital. All products and service associated with this offer must remain in good standing. Coast Capital reserves the right to charge any waived fees in the event any applicable product or service is not kept in good standing. For a complete list of fees please review our Service Fees page.
  3. Small Business lending products are subject to Coast Capital’s lending policies, criteria, and standard lending fees. Personal guarantee(s), security, and additional documentation may be required. Other fees will apply. For a complete list of fees please review our Service Fees page.
  4. Coast Capital Savings Federal Credit Union automotive and equipment financing products are subject to standard lending criteria and are offered by Coast Capital Auto & Equipment Finance Ltd. and Coast Capital Equipment Leasing Ltd. under the name Coast Capital Auto & Equipment. Coast Capital Savings Federal Credit Union automotive financing products are available in Ontario, Nova Scotia, New Brunswick, Manitoba, British Columbia, Prince Edward Island, Alberta, Newfoundland and Labrador.
  5. Coast Capital Savings Federal Credit Union provides advice and service related to deposit, loan and mortgage products. Coast Capital Wealth Management Ltd provides investment and financial planning services. Coast Capital Financial Management Ltd. provides advice and service related to segregated funds, annuities and life insurance products. Worldsource Financial Management Inc. provides advice and service relating to mutual funds. Mutual funds are not guaranteed or insured by any financial institution, government or other deposit insurer. Mutual fund values change frequently and past performance may not be repeated. Commissions, trailing commissions, management fees and expenses may all be related with mutual fund investments. Important information about mutual funds is contained in the relevant fund facts and simplified prospectus. Please read the fund facts carefully before investing.