new small biz bank account
Is there any way I can open a bank account online w/o visiting a branch?
Feb 6th, 2019 12:46 pm
Feb 6th, 2019 1:12 pm
Feb 6th, 2019 6:13 pm
Feb 7th, 2019 11:36 am
Feb 7th, 2019 4:27 pm
Yes, you have to provide the bank your business registration proof showing your business number + name (if there is).realg123 wrote: ↑Feb 7th, 2019 11:36 amSorry to hi-jack your thread OP. I have a question regarding small business accounts.
1) Do you need to register a business in order to open a small business account?
2) When sending Email Money Transfers does the business name come up or is your personal name?
3) I have a company that I'm dealing with, who wants me to send and receive bank transfers. But they require all my details Full Name, Banking Routing info and if it's a chequing or savings account. If I have a business account, do I provide them with my full name or would it be the business name?
Thanks in advance
Feb 7th, 2019 4:39 pm
Thank you. Regarding the Beneficiary’s Complete Name and Address. I'm assuming this is your personal address or business address and personal name or enterprise name?TomShopper wrote: ↑Feb 7th, 2019 4:27 pmYes, you have to provide the bank your business registration proof showing your business number + name (if there is).
As I have registered a Sole Proprietorship enterprise with a name, so the bank (TD) allows me to use either my personal name or Enterprise name, both are good.
For the wire transfer, you have to provide your client full detail, here is the list of detail on a Desjardins form:
Bank name and Address (I think they use the Central Bank Name: ask your bank)
Beneficiary’s Bank / Banque du bénéficiaire
SWIFT / BIC code
Beneficiary’s Branch ID / Numéro d’indentification de la succursale
Beneficiary’s Account Number / Numéro de compte du bénéficiaire
Beneficiary’s Complete Name / Nom complet du bénéficiaire
Beneficiary’s Complete Address / Adresse complète du bénéficiaire
These information must be exact if not the bank will cancel the transaction and it takes time to figure out
Feb 7th, 2019 5:15 pm
Feb 9th, 2019 11:46 am
Thank youTomShopper wrote: ↑Feb 7th, 2019 5:15 pmIn my case, I have only 1 address as I'm a sole proprietorship. I think you have to put the address that you declare with your bank. Beneficiary name is either your personal name or enterprise name (when you open your banking account you have option for that, just tell them), but if you are incorporated, it must be the Company Inc., cannot be your personal name