Institution profile · No longer operating separately
motusbank
Wound downMotus Bank
motusbank was Meridian Credit Union’s digital Schedule I bank. It wound down in 2025, with deposits moving to Coast Capital and most lending to Meridian.
Profile facts checked October 30, 2026
Wound down in 2025: most Ontario lending accounts moved to Meridian on May 1, 2025 and deposit accounts moved to Coast Capital on November 1, 2025.
At a glance
- Legal name
- Motus Bank
- Type
- No longer operating separately
- Owner / parent
- Meridian Credit Union (until wind-down)
- Regulator
- Formerly OSFI
- OBSI banking cases
- 0 opened in fiscal 2025 (Nov 1, 2024 – Oct 31, 2025)
- Website
- www.coastcapitalsavings.com/about-us/welcoming-motusbank-members
Deposit protection
No longer a CDIC member. Former deposit accounts moved to Coast Capital Savings Federal Credit Union (a CDIC member).
Facts, with sources
- Meridian and Coast Capital announced in March 2025 that they would acquire motusbank’s assets and liabilities and wind the bank down.Source: meridiancu.ca
- October 31, 2025 was the last day of motusbank service; active accounts moved to Coast Capital on November 1, 2025.Source: coastcapitalsavings.com
- For most Ontario members, lending accounts moved to Meridian on May 1, 2025.Source: meridiancu.ca
Fees for this institution aren’t in FCAC’s tool. Ask for its fee schedule and put the numbers into the account-fee calculator.
Complaints that reached the ombudsman
OBSI, the ombudsman for banking, opened 0 banking cases about Motus Bank in fiscal 2025 (Nov 1, 2024 – Oct 31, 2025), closed 0, and resolved 0 to the complainant’s satisfaction. Across all banks and credit unions, OBSI opened 5,438 banking cases that year (+113% on the year before) and 25% of closed cases ended with money paid.
Counts aren’t adjusted for size, so bigger banks have more cases. A complaint reaches OBSI only after the bank’s own process (up to 56 days). Source: OBSI Annual Report 2025, released March 13, 2026. How to complain.
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