Entrepreneurship & Small Business

Cheapest Banking Business Account

  • Last Updated:
  • May 31st, 2019 11:00 am
[OP]
Deal Addict
Feb 22, 2007
2053 posts
281 upvotes
Toronto

Cheapest Banking Business Account

Hello,
I've been doing some research but couldn't find a lot of info.
What I need is unlimited e-transfers and wiring once or twice a month.

At the moment I'm with TD, their offering 60 transactions (E-Transfers are considered transactions) for $40 a month.

Anyone have any better solutions?
4 replies
Deal Expert
User avatar
Aug 2, 2010
15193 posts
4926 upvotes
Here 'n There
Keep dreaming if you think any bank account, personal or otherwise, will give you free wiring. Interac yes but with Simplii, which is a personal bank account. .
Deal Fanatic
Oct 7, 2007
8101 posts
4075 upvotes
If you are willing to park a minimum $ balance at TD, I think you can get a "free" account with no transaction fees.
Deal Expert
User avatar
Aug 2, 2010
15193 posts
4926 upvotes
Here 'n There
choclover wrote: If you are willing to park a minimum $ balance at TD, I think you can get a "free" account with no transaction fees.
Yup, you just pay another way, with having to set aside a lot of money that you can't access because you'll lose the 'free' part.
Newbie
Nov 12, 2008
85 posts
18 upvotes
Kelowna
ATB Financial in Alberta has free chequing accounts for new startups for one year with Interac e-Transfers, but wires are definitely not included.

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