Canada’s Digital Bank Motusbank to Cease Operations by 2026 as Meridian and Coast Capital Absorb Accounts

motusbank, the digital-only bank launched by Meridian Credit Union in Q2 2019, will shut down by early 2026. Meridian, which is reportedly Ontario’s largest credit union, and Coast Capital Savings jointly announced that they will absorb motusbank’s accounts and assets, pending regulatory approval. This closure... Read More