Checking Account for business
Right for you if:
You need immediate access to funds without the need to carry cash
You handle deposits and withdrawals via check
With Scotiabank's Checking Account for business you can enjoy immediate access to funds and make deposits and withdrawals by check at your convenience, eliminating the risk of carrying cash.
Checking Accounts are managed with a checkbook (each containing 50 checks). Checks written and used during the month will incur a cost of $0.10 each for taxes and will appear on your monthly account statement. Your account statement is issued monthly and sent to your post office box. If you don't have a post office box, we offer a retention service at a monthly cost of $10.
Minimum opening amount and minimum balance of $600*, once the company's financial statements have been verified
Detailed monthly statements with full transaction history
Manage your money with checks
Unlimited withdrawals throughout the month
Requirements for opening a Checking Account for business:
Copy of the Article of Incorporation and copy of the Single Tax
Two (2) forms of personal ID of the managers, signers, and shareholders (both with photo)
Three (3) of the corporation's and shareholders' banking references
The signed consent of the APC
Checking Account for business contract
Ready to Apply?
There will be a charge of $15 if your balance falls below the minimum.