Business Operating Account
Our business operating account was built to handle all of your day-to-day banking. An ideal complement to Business Savings+, this cost-effective account will help you grow your business.
One free debit for every $500
Earn one free debit transaction for every $500 of your lowest balance of each month.
Bank whenever it suits you, whether online, on your mobile or at an ATM.
Detailed statements, including cheque images.
Keep a record
Detailed monthly statement or passbook.
Account Features & Rates
|Deposit Anywhere™ 1– Directly deposit cheques using a mobile device||Free|
|Credit transactions – Self-serve2, in branch and electronic fund deposits||Free|
|Debit transactions – Withdrawals, made in branch, at IC Savings/ding free3 ATMs4 and transfers between IC Savings accounts||Free|
|Debit transactions – Withdrawals at non-ding free/other FI ATMs within Canada||$1.50 each|
|Debit transactions – Withdrawals at ATMs outside Canada (Accel, Cirrus networks)||$3.00 each|
|Debit transactions – Transfers to other financial institutions||1 free transaction for every $500 of lowest monthly balance5. Otherwise, $0.75 each.|
|Debit transactions – Personal cheques and pre-authorized payments||1 free transaction for every $500 of lowest monthly balance5|
|Debit transactions – Point-of-sale purchases||$0.60 each|
|Debit transactions – In branch bill payments||$1.00 each|
|Debit transactions – Self-serve bill payments||Free|
|Interac® e-Transfer – Receive money from an account at a participating Canadian financial institution||$1.50 each|
|Monthly eStatement – Includes cheques image(s), front only||Free|
|Monthly statement – Printed and mailed||Free|
Click here for more information about all other account services and related fees.
Terms and Conditions
1 Deposit Anywhere is a registered trademark owned by Central 1 Credit Union and is used under license. Deposit Anywhere is a registered trademark owned by Central 1 Credit Union and is used under license.
2 Where self-serve deposits include those completed at an IC Savings ATM, online and by mobile and without assistance of branch staff. Deposits should not be made at ATMS on THE EXCHANGE® or ACCULINK® networks as these deposits will be returned.
3 Surcharge fees are not incurred on a single-signature account when the Member Card® debit card is used at ATMs on THE EXCHANGE® or ACCULINK® networks across Canada. The Member Card® debit card is not available on multi-signature accounts. Member Card® is a registered certification mark owned by Credit Union Central of Canada, and is used under license. THE EXCHANGE® is a registered trademark licensed for use in Canada by Ficanex Service Limited Partnership.
4 Subject to ATM limits.
5 One free debit transaction for every $500 of the lowest balance of each month, otherwise $0.75 applies for each cheque and pre-authorized payment.