Business Banking Accounts

Whether you're operating in Canada or abroad, or looking for ways to manage your investments, we have the right business account for you.

Open an account online

Make an appointment with an expert

1-844-413-5594 (toll-free)

Bannière campagne 900$

Up to 900$ cashback in the first year

Sign up for one of our business packages

Open an account online

Find the business account that's right for you

CAD account

With this account, you can monitor and manage your day-to-day transactions easily and efficiently through our online services and cheque imaging feature.

Six banking packages to choose from based on the number of transactions you carry out
Monthly transaction fees
Online or paper bank statement issued monthly, with cheque images
You can receive a bank statement in BAI (Bank Administration Institute) or EDI (electronic data interchange) format with details on the previous business day's transactions.

Deposits in CAD are insured under the Canada Deposit Insurance Corporation Act (CDIC).

Apply for an account online!

Complete an online form to get started, and finalize the account opening when you visit the branch. It's fast and convenient!

Open an account online

USD account

Your transactions in U.S. dollars have never been easier thanks to our USD account.

Manage conversion fees
View your daily operations in U.S. dollars in real time
Monthly transaction fees
Monthly account statements are issued with cheque images; however, account statements can be issued at other intervals
You can receive your bank statement in BAI (Bank Administration Institute) format with details on the previous business day's transactions

Deposits in USD are not insured under the Canada Deposit Insurance Corporation Act (CDIC).

Business Investment Account (BIA)

The Business Investment Account offers a range of advantages.

Attractive interest rate
Round-the-clock access to your funds
Overdraft protection

Foreign currency accounts

Companies that often deal in a particular foreign currency can open a business account in that currency.

Available in 15 currencies, including the Renminbi (yuan), Euro and British Pound
Makes international operations easier
Reduces risks relating to fluctuating exchange rates
Monthly account statement
A bank statement can be issued in BAI (Bank Administration Institute) format with details on the previous business day's transactions

Ready to open an account?

Set up a meeting

Useful links

Four steps to open an account

Calendar of monthly account statements for businesses

Fee Guide - Banking Solutions for the Self-Employed

Electronic deposit slip*

* This type of form may not be supported in your browser, please download this file before opening it.

Business Account and Banking Service Agreement

Banking Fee Adjustments - Banking Services for Business

Fee Guide – Banking Services for Businesses

Access to Funds Policy

FAQ

Why do I need to give consent to verify my identity with the credit bureau? Will my rating be affected?

The Bank is required to identify all clients who open an account, and by law, must ask for authorization to verify their identity with the credit bureau. Credit ratings will not be affected since the credit bureau will only be consulted to verify an identity.

Why do I have to enter my login credentials for a personal account to a financial institution?

The Bank validates the holding of an active personal account to a major Canadian financial institution to identify the client. This validation is required to complete the online account opening process.

What can I do if I forget the login credentials of my financial institution?

If you have any questions about connecting to another Canadian financial institution, contact them directly to retrieve your username or password. If your personal account is with National Bank, contact us at 1-844-394-4494.

Which Canadian financial institutions are eligible for online identification when applying for an account?

Accepted financial institutions are:

National Bank
BMO
CIBC
Desjardins
HSBC
Laurentian Bank
RBC
Tangerine
TD Canada Trust

Does the Bank keep my login information in memory?

The Bank does not retain any login credentials (password or username) in memory.

Can I open an account online even if I am not the sole owner of the business (multiple signatories)?

Once the request for a new account is sent, an advisor will contact you within 24 business hours to complete the application. If there are other signatories to the account, we will make an appointment with you so that everyone can come identify themselves in person with a branch advisor. Your information will be sent to the branch that will open the account.

Can I finalize my account opening remotely?

The identification and application for opening an account can be done online. To do this, you must have online access to an active personal account at a Canadian financial institution. An advisor will contact you within 24 business hours to confirm your identity and determine your needs. However, you will need to visit a branch to collect your debit card and your 10 departure cheques.

Should I sign documents online and return them to the Bank?

No. You only need to answer a few questions about yourself and your business.

Legal notes

Conditions
To benefit from this offer, businesses must:

Open a business banking account before August, 31st 2019
Sign up for one of our business packages
Get a Client Card
Sign up for Internet Banking Solutions for Businesses

The business must keep the eligible products and services for at least 24 months. If this condition is not met, the business will have to refund the Bank an amount corresponding to the portion of the payment already made in proportion of the period during which it did not keep the eligible products and services, within 30 days of receiving the request for refund.

If applicable legal terms and conditions are respected, the cashback will be deposited to the bank account opened as part of this offer
at the latest 6 months after the account opening in 12 equal payments following the business banking account chosen over a period of one year.