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