Entrepreneurship & Small Business

Small Business Bank Account - Suggestions

  • Last Updated:
  • May 31st, 2021 9:54 am
[OP]
Sr. Member
Aug 21, 2019
747 posts
537 upvotes

Small Business Bank Account - Suggestions

Looking for suggestions on the best small business bank account to open.
This account will be primarily used to accept payments integrated on our website.
Mainly looking to save fees and use the account for business expenses.
2 replies
Deal Addict
Aug 28, 2007
1938 posts
317 upvotes
Calgary
[OP]
Sr. Member
Aug 21, 2019
747 posts
537 upvotes
Thanks for the links.

After going through them I think the following are the most suggested business accounts
1) Duca
2) RBC
3) BMO

A friend suggested to check with HSBC too since you get a single point of contact for all the banking needs. Not sure on the fees though. They also offer upto $500 cashback
https://www.hsbc.ca/small-business-bank ... gns/offer/

My main requirements are
1) Accept digital payments for orders placed through website
2) Easily integrate with Digital payment providers via payment gateway(API)
3) Ease of transferring money to other personal accounts electronically
4) Access ATMs to withdraw cash
5) Any fees for accepting international payments

Top