Coast Capital USD account overview
You can benefit from lower exchange fees and no need to have a minimum balance to earn a fee waiver. Keep reading to find out more!
Trademark Disclaimer : Coast Capital* is a trademark of Coast Capital Savings with whom Remitbee Incorporated (We, Us, Our) has no direct or indirect association in marketing, sales or customer service. Indeed, the enclosed contents are provided only for information and comparison purposes. We further state that all third-party products, services, company names and logos remain the property of their respective holders. Use of them here in this article does not imply any affiliation with or endorsement by them.
Why bank with Coast Capital?
Coast Capital USD Account
If you are doing a lot of transactions using USD, you can open the Coast US Chequing account. The account helps reduce the exchange fees when converting Canadian dollars to USD and vice versa.
Note: published third-party reviews describe this account as having no monthly fee at all, with a $1 fee only on extra withdrawals beyond the first free one each month, and a requirement to open in person rather than fully online. This differs from what's stated below, so it's worth confirming the current terms directly with Coast Capital before publishing.
Note: published third-party reviews describe this account as having no monthly fee at all, with a $1 fee only on extra withdrawals beyond the first free one each month, and a requirement to open in person rather than fully online. This differs from what's stated below, so it's worth confirming the current terms directly with Coast Capital before publishing.
How to Create a USD Account with Coast Capital
You can open a Coast Capital USD account either online or by visiting one of their branches. Here are some of the requirements you'll have to meet first:
Step 1: You must have your Social Insurance Number on hand.
Step 2: You should have reached the age of majority in the province you live in.
Step 3: If you are a new member, you'll need to purchase $5 in membership equity shares.
Step 1: You must have your Social Insurance Number on hand.
Step 2: You should have reached the age of majority in the province you live in.
Step 3: If you are a new member, you'll need to purchase $5 in membership equity shares.
Key features
The Coast US Chequing account allows you to write cheques in US dollars. Look at some other key features for the account:
One free withdrawal per month and unlimited deposits
Free e-statements
Write cheques directly in US dollars
Account Highlights
Monthly fees
Reported terms vary by source. Confirm directly with Coast Capital before publishing.
Interest rate
No interest is earned on this account.
Minimum Balance
No minimum balance is required to open the account.