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Post-secondary students, our Unlimited Chequing Account and Classic Mastercard® *issued by Collabria, may be right for you if you’re looking to keep your banking fees and credit card interest low. If you’re 25 years of age or younger, you automatically qualify for a monthly fee waiver on Unlimited Chequing, reducing it to $0/month until you turn 26 (reg. $8.50/month).
To qualify for this offer:
Your direct deposit must be the same direct deposit coming from the same payee for 3 consecutive months. This may be your payroll, pension or government payment. (at least once a month) and maintain the same payroll or direct deposit for 90 consecutive days or moreIf you are opening multiple Elevate accounts online, please make sure you give us a call at 1.888.517.7000 to give us a separate unique email address so we know where to send your additional Coursera license.
† Pay $8.50/month if you:
Or pay $11.95/month when you set up and deposit monthly payroll or another eligible direct deposit into the account. Eligible transaction codes include the following; Payroll: 200-207; Pension: 230-233, 310-312, 315-316; Govt Payment: 313, 318, 600-607; Gig Payroll: 450
‡ Coursera is an online learning platform offering multiple continuing education opportunities from leading universities and institutions. The products offered by Coursera can, but do not guarantee to, help users advance, relaunch, or improve their earning potential in their careers. As a bonus on their Coast Capital Elevate Chequing Account, a primary account holder will receive one (1) free Coursera for Business license for the account holder’s personal use. This license will be associated with the primary account holder’s email address on Coast Capital’s records. The license can only be used with the associated email address to open a Coursera account. The license will be valid for the period the primary account holder maintains a Coast Capital Elevate Chequing Account in good standing. The license has a monetary value of $538 CAD per year or monthly monetary value of $79 CAD as of January 1, 2024. Limit of one (1) license per primary account holder. No substitutions will be allowed. Coast Capital may allow, at its sole discretion, transfers of the license to another individual as decided by the primary account holder. The license may be subject to content, course, and program exclusions or limitations at the sole discretion of Coursera. The use of the license will be exclusively subject to Coursera’s terms, conditions, and policies. Details regarding Coursera’s products, terms, conditions, and policies can be found at https://www.coursera.org/
ID Assist®, Sigma Loyalty Group Inc. and all associated marks and logos are trademarks owned or used under license.
† Transactions include cheques drawn on the account, Coast Capital® and THE EXCHANGE® Network ATM withdrawals, Interac Direct Payment, pre-authorized payments, bill payments, transfers (between Coast Capital accounts), and withdrawals (in-branch/self serve). Deposits and electronic transfers (between Coast Capital accounts) performed via Coast Capital ® ATM, Coast-by-Phone®, and Coast Capital digital banking are free & unlimited.
‡ Pay $0/month if you:
Or pay $3.50/month when you set up and deposit monthly payroll or another eligible direct deposit into the account. Eligible transaction codes include the following; Payroll: 200-207; Pension: 230-233, 310-312, 315-316; Govt Payment: 313, 318, 600-607; Gig Payroll: 450
† Transactions include cheques drawn on the account, Coast Capital ® and THE EXCHANGE® Network ATM withdrawals, Interac Direct Payment, pre-authorized payments, bill payments, transfers (between Coast Capital accounts), and withdrawals (in-branch/self serve). Deposits and electronic transfers (between Coast Capital accounts) performed via Coast Capital ® ATM, Coast-by-Phone®, and Coast Capital digital banking are free and unlimited.
‡ Low-Cost Account: Our Free Chequing, Free Debit & More Account meets our public commitment to ensure that members have access to basic banking services at a nominal cost. If printed statements are requested instead of eStatements, this account costs $3/month. If you are a student, youth, Guaranteed Income Supplement recipient, or Registered Disability Savings Plan (RDSP) beneficiary, you may request printed statements at no charge. Call our Advice Centre or visit a branch to find out more information.
To qualify for this offer:
* Insurance coverage is underwritten by American Bankers Insurance Company of Florida (ABIC). ABIC, its subsidiaries, and affiliates carry on business in Canada under the name of Assurant®. Assurant® is a registered trademark of Assurant, Inc. Details of insurance coverage, including definitions, benefits, limitations and exclusions, are in the Certificate of Insurance. The Certificate of Insurance is available online. Insurance coverage is subject to change.
® The Collabria Mastercard is issued by Collabria Financial Services Inc. pursuant to a license from Mastercard International Incorporated. ®Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
† Interest is calculated at this rate on the closing daily balance and paid monthly. Refer to coastcapitalsavings.com/rates/personal-and-business for our current rates and more information on how interest will be calculated.
‡ Transactions include Coast Capital® and THE EXCHANGE® Network ATM withdrawals, Interac Direct Payment, preauthorized payments, in branch transfers (between Coast Capital accounts), bill payments and withdrawals (in branch/self serve). Deposits and electronic transfers (between Coast Capital accounts) performed via Coast Capital ATM, Coast-by-Phone and Coast Capital digital banking are free & unlimited.
Whether you're still in school, just started your career, or looking to upgrade your skills we have banking solutions to help set you up for future success. Like our low-interest student loan, High-Interest Savings Account and Elevate Chequing Account that comes with free access to Coursera's online training.
Navigating the work-education cycle as an apprentice can be challenging but we're here to help. From budgeting to planning for when you're back in program, this online module includes advice that's right for you. Want to learn more about how you can plan for your trades education and apprenticeship? Book an appointment with one of our advisors.
The Unlimited Chequing and Classic Mastercard® are available to Canadian residents at the age of majority (excluding Quebec residents).
With the Unlimited Chequing Account, your monthly account fee will be waived if you’re 25 years of age or younger, reducing the fee to $0/month until you're 26 (reg. $8.50/month). You can also qualify for the waived fee if you’re 59 years of age or older, or maintain a minimum daily balance of $4,000 at all times throughout the calendar month. If you don’t meet any of these criteria, but have an eligible direct deposit set up, then you pay $3.50/month.
For the Classic Mastercard®, there is no annual fee. It should be noted though that interest will apply on purchases and cash advances (see current interest rate), so it’s always best to pay down your credit card each month. Application approval is based upon satisfying Collabria’s credit standards. Exact amount of your credit line will be determined after review of your application and other information.
The offer is available to new, personal members that are Canadian residents and age of majority (Quebec residents are not eligible). See terms and conditions.
Yes, you can open your account online or in person at one of our branches.
You can expect your bonus typically within 60-90 days following completion of the offer eligibility criteria. The payout will happen automatically via electronic funds transfer into your Coast Capital chequing account.
| If you start the offer qualifying criteria during: | You should receive your bonus within 60-90 days of completing the qualifying criteria: |
|---|---|
| August 2025 | January - March 2026 |
| September 2025 | February - April 2026 |
| October 2025 | March - May 2026 |
| November 2025 | April - June 2026 |
| December 2025 | May - July 2026 |
Your credit card statement credit will typically be posted to your new Credit Card account during the billing cycle after Collabria confirms that you have fulfilled the qualifying offer criteria.
Can I earn multiple bonuses by opening multiple accounts?
New members are eligible for one cash bonus per new chequing account and Coast Capital credit card* issued by Collabria. New members cannot receive multiple bonuses on the same account type (eg. You can't get two bonuses for two chequing accounts).
Do I get the bonus if I open a joint account?
Depends. If you are opening the joint account as a new personal member to Coast Capital, then you are eligible for a single cash bonus offer on that account if you meet the offer criteria. If you are opening a joint account as an existing personal member with Coast Capital, you are not personally eligible for the bonus but the other member you're adding to the account could be if they're joining as a new member.
I’m an existing member at Coast Capital, if I open a joint account with an individual who is new to Coast Capital, do they get the bonus?
Yes. If you add a new member to a joint account, the new member will be eligible for the bonus. Joint Accounts and Joint Memberships are only eligible for one Cash Bonus Offer per banking product opened.
I’m an existing member at Coast Capital, can I open a new chequing account to get the bonus?
No. Current and past personal members (within the last five years) do not qualify for this offer.
I used to have an account with Coast Capital, am I eligible?
Depends. If you haven't had a personal membership with Coast Capital in the last five years, you may be eligible for the offer if you meet the other eligibility requirements.
How do I set up a direct deposit?
How do I know if my direct deposit is eligible?
In order to be eligible for the bonus, your direct deposit must be the same direct deposit coming from the same payee for 90 consecutive days. This may be your payroll, pension or government payment. Check the terms and conditions or disclaimer no.5 for more details.
Why was my application denied?
There are a number of reasons a membership application may be declined. If your online application was declined please contact us.
1. Pay $0/month if you: are 25 years of age or younger or are 59 years of age or older or maintain a minimum $4,000 daily balance at all times throughout the calendar month. Or pay $3.50/month when you set up and deposit monthly payroll or another eligible direct deposit into the account. Eligible transaction codes include the following; Payroll (200-207), Pension (230-233, 310-312, and 315-316), Govt Payment (313, 318, 328 and 600-607)
2. Read New Member Offer terms and conditions.
3. Transactions include cheques drawn on the account, Coast Capital® and THE EXCHANGE® Network ATM withdrawals, Interac Direct Payment, pre-authorized payments, bill payments, transfers (between Coast Capital accounts), and withdrawals (in-branch/self serve). Deposits and electronic transfers (between Coast Capital accounts) performed via Coast Capital ® ATM, Coast-by-Phone®, and Coast Capital digital banking are free & unlimited.
4. Insurance coverage is underwritten by American Bankers Insurance Company of Florida (ABIC). ABIC, its subsidiaries, and affiliates carry on business in Canada under the name of Assurant®. Assurant® is a registered trademark of Assurant, Inc. Details of insurance coverage, including definitions, benefits, limitations and exclusions, are in the Certificate of Insurance. The Certificate of Insurance is available online. Insurance coverage is subject to change.
5. Eligible payroll or direct deposit transaction codes include the following transaction code types: Payroll (200-207), Pension (230-233, 310-312, and 315-316), Govt Payment (313, 318, 328 and 600-607), or deposits from employers approved by Coast Capital (Doordash, Skip the Dishes, Uber, Uber Eats, Lyft, Avon, Youngliving, Fantuan Asian Food Delivery).
6. Credit Card fees, returns, Cash Advances and interest charges will not count towards the purchase total.
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A member is someone with any account, investment, loan or mortgage with Coast Capital.
