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  1. #1

    Question Any free (or very low cost) business chequing account in Canada?

    Hello,

    There used to be a free business banking service called "Bizsmart" in Canada. They were great, but were closed down and the accounts transferred to CIBC.

    Does anyone here know about any free (or very low cost) business banking services?

    (It must be for BUSINESS banking, and not just personal accounts.)

    Thanks.
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  2. #2
    Join Date
    Sep 2006
    Location
    Canuckland
    Posts
    80
    Dont know where you are located by pc financial, in Ontario does not have service charges. They are run by CIBC.

  3. #3
    PC Choice Financial does not offer business accounts.
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  4. #4
    Join Date
    Oct 2005
    Location
    Surrey BC
    Posts
    1,319


    + NOW WE'RE MAKING RECORDS, NOW WE'RE MAKING TAPES

  5. #5
    Join Date
    Oct 2000
    Location
    Toronto
    Posts
    1,103
    It's a shame that's only available in BC.. I don't plan to make any trips to BC.

  6. #6
    Join Date
    Feb 2003
    Location
    Canada
    Posts
    958
    Scotiabank has a self-serve (read: no teller access) style business bank account for $11/month

    CIBC's basic account starts at $5/month + $0.80/transaction or $0.16/deposit. They also have a 10 transaction plan for $9/month.

    It's too bad Bizsmart closed, it was a great service.

    Dont' forget that bank fees are deductible on your T2124.

  7. #7
    Old thread. but ING has free business accounts.

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