Business Cheque Accounts
The safe alternative for transferring cash for your business needs.
- Funds available on demand
- Loans up to the full balance of the account
- Can consider interest if there are good and consistent Credit Balances in the accounts in terms of consistency depositing of proceeds from Business to the accounts. Interest to be paid quarterly.
| Business Cheque Accounts | |
|---|---|
| Cheque accounts | |
| Minimum Balance requirement | NA |
| Service Fee | NIL |
| Maintenance Fee | $10 per month |
| Over the counter withdrawal fee | NIL |
| Transaction Fee | First 50 transactions free of charge, then $0.20 per transaction thereafter per month |
| Dormant Account Fee | $2.00 monthly charge when account is inactive over 1 year until account become NIL balance or become active again. |
| Account Overdrawn Fee | $15.00 charged on day of excess monthly until account in order |
| Automatic Deduction | $1.50 per transaction |
| Minimum deposit to open account | $500 minimum |
