Join the 62,000+ members who bank with us!
Choose the best account for your small business banking.
| Account Package | Monthly Fee | Monthly Debit Transactions Included |
|---|---|---|
| 1 | $10 | 25 |
| 2 | $20 ($0 if you maintain a $7,000 balance) | 50 |
| Our most popular! 3 | $35 ($0 if you maintain a $12,000 balance) | 85 |
| 4 | $50 ($0 if you maintain a $18,000 balance) | 120 |
| 5 | $75 ($0 if you maintain a $28,000 balance) | 175 |
| Best value for high transactions! Unlimited | $110 ($0 if you maintain a $30,000 balance) | Unlimited |
Rates subject to change without notice.
Learn more about our accounts and services. Review our Account and Fee Information (pdf).
Identify the interest rates applicable to your account(s) and how they're calculated. Review our About Our Interest Calculations (pdf) document.
Just think about all the variables. Some business accounts may require you to pay a penalty for not maintaining a minimum balance, or offer paltry interest rates. They might include all kinds of fees. The availability of tools like business online banking, or lack of them, is crucial to consider, too.
The best small business bank accounts in Canada will align with your needs as a business owner. They won’t include all kinds of hidden charges, or force you to visit a branch or advice centre each and every time you need to make a transaction or just want to check in on your account.
Benefits for Your Business
When you partner with Innovation, you can count on:
- Pay a small monthly fee, or maintain a minimum balance with no fee. You decide!
- Minimal overall fees
- Convenient and secure business banking online
- The opportunity to earn not just interest, but cash dividends as well
- Convenient and secure web business banking
- Dependable support and service from local, experienced, and skilled professionals
A Focus on Low Fees and Banking Options
We know that flexibility is important for small businesses. That’s why we offer six account packages designed to align with a wide variety of financial and operational needs. Whether you’re just starting out or have an established small business, you’ll find something that works for you.
Fees eat into the benefits that a business bank account provides. We keep them as low as possible for our members, including options to waive fees entirely by maintaining a minimum balance. That’s the kind of flexibility that makes a difference for small businesses.
