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Chequing Business Banking

Business Chequing Account (Also termed as Business Current account)

  • This is a chequing account for Business entities
  • Available in both Canadian Dollars & US Dollars.
  • No Interest is paid on deposit balances lying in the business chequing account (Latest Interest Rates).
  • A monthly account maintenance fee of CAD $20.00 / USD $20.00 shall be charged to the business chequing account (Latest Service Charges).
  • This monthly account maintenance fee will be waived if you maintain a daily balance of CAD $2500.00 / USD $2500.00 for the entire month in your business chequing account. (The billing cycle for the account maintenance fee is each calendar month).
  • 2 free debit transactions per month are included in the monthly administration fee.
  • Additional charge on debit transactions over and above the 2 free transactions included in the monthly administrative fee is CAD $1.00 / USD $1.00 per debit transaction (in currency of the account)
  • Safety of Deposits: SBI Canada Bank is a member of CDIC. (To find out information about deposit insurance from the Canada Deposit Insurance Corporation including what instruments and/or products are eligible for deposit insurance, visit their website Information on deposit insurance is also available in the CDIC brochure entitled "Protecting Your Deposits" )
  • USD deposits are not eligible for deposit insurance

 "Procedure for opening a Business Account " Click Here

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