Coastal Community Bank

Coastal Community Bank is a US bank that, through its CCBX business, provides fintech partners with accounts, card BIN sponsorship, payments and credit solutions. The bank states FDIC membership.

Services

The bank lists BaaS, debit and credit BIN sponsorship, deposits, payments and credit programmes. Payment rails named in the profile are ACH, FedNow and RTP. In this model, fintech partners offer financial products to their own customers while the licensed bank stands behind the programme.

Target clients

Coastal states that it serves fintech companies, banks and other financial institutions, and businesses or enterprises. Programme terms and the onboarding of fintech partners are handled separately from the opening of an ordinary bank account, and published segments do not guarantee acceptance.

Deposit protection

FDIC coverage applies only to eligible bank deposits. It does not extend to every product or to investments, and it does not cover the risks of a non-bank intermediary that may sit between the end customer and the bank.

Who it suits

The offer suits fintechs that need a sponsor bank for card programmes, deposits and credit. Fees, minimums and approval criteria are not stated and should be discussed with the bank.