Commercial Chequing Account

This account is for you if:

  • you have a small to large business
  • you maintain a large balance in a chequing account

Overview

Account Features

  • Personalized cheques available.
  • Statement of account with cancelled cheques sent out monthly.
  • Access to account available through card services.
  • Interest paid on a tiered system:
  1. $0 - $ 24,999        0.00 %
  2. $25,000 +        0.05%

Benefits

  • Fully descriptive statement assists in reconciling books.
  • Interest earned on balances over $25,000.
  • Cheque Images serve as a receipt for purchases and bill payments.
  • Low per-cheque service charge.

 

Additional Services

Additional Services

The following additional services are also available:

  • INTERAC® e-Transfer
  • Business cheques available
  • Overdraft Protection (O.A.C)
  • Using a Bank ATM (Interac®) or CIRRUS® ATMs (International)
  • Canadian Bank Drafts
  • Receiving or Sending a wire

Here are the terms and conditions for your specific membership type when operating this account.

 

 

What You Need

Opening an account with us is simple. You’ll need to bring two pieces of legal non-expired government issued identification.

Accepted primary forms of ID include Drivers License, Canadian Passport, Ontario Photo Card, Birth Certificate.

Accepted second forms of ID include Credit Cards, Status Card, Fire Arms License, Permanent Resident Card.

We will also require a copy of your Master Business License.

*Each active membership requires one Member Share at a cost of $10.00, which is refundable upon closing of the membership.

**Please note without a SIN Card, you are limited to the types of accounts you can open and will also have several restrictions placed on your account.

Ready to apply? Applying for credit with us is easy!

Online

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In Person

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By Phone

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  • Transactions include bill payments/deposits/transfers/withdrawals, clearing cheques, pre-authorized debits and credits, Interac Direct Payment, GLOBAL PAYMENT MasterCard purchases, Deposit Anywhere® (Mobile Remote Cheque Deposit), EXCHANGE® ATM transactions, Online Banking, Mobile Banking and Telephone banking transactions.
  • Free transactions do not include items listed under additional services
  • All fees are reviewed annually and are subject to change
  • Overdraft Protection is granted upon On Approved Credit and is subject to the terms and conditions denoted on the Overdraft Application.