BUSINESS CHEQUE ACCOUNT

The Business Cheque Account is suited to incorporated businesses, sole proprietors, partnerships, companies, trusts and co-operatives.
Features & Benefits
-
record all payments and receipts to and from the account
-
safe and secure payments & money transfers
-
no limits in the cheque amount
-
execution of payments for services for which cards are not accepted
Fees
-
$0.10 - Activity fee (per item drawn or deposited in excess of first 20 items per month
-
$0.20 - Activity fee (per item in excess on first 10 items
-
$1.00 - Automatic transfer fee (per transaction when account is within the bank)
-
$5.00 - Monthly fee / Base fee / Maintenance fee
-
$40.00 - Lack of funds
-
$20.00 - Technical error or irregularities
-
Cheque Book
-
25 leaves - $17.50
-
50 leaves - $35.00
-
100 leaves - $70.00
-
200 leaves - $140.00
Opening Requirements
RESIDENTS
-
a company/business resolution approving
-
the setting up of the account and stating:
1. Purpose of account
2. How the account will be funded
3. Names of authorized signatories
4. Account opening mandate
5. Ultimate beneficiaries of the account
6. Business address and location
-
provide an original copy of Business License
-
minimum opening deposit is $500 or more to open an account + 3 months of account operating
Important Documents
-
Personal Cheque Account Terms & Conditions
-
Personal Banking Terms & Conditions