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​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, with its benefits and features, will help you grow your business. 

Key Features

One free debit for every $500
Earn one free debit transaction for every $500 of your lowest balance of each month.

24/7 access
Bank whenever it suits you, whether online, on your mobile or at an ATM.

Free eStatements
Detailed statements, including cheque images.

Keep a record
Detailed monthly statement or passbook.

Account Features & Rates

Monthly Fee None
Deposit Anywhere™ 1– Directly deposit cheques using a mobile deviceFree
Credit transactions –  Self-serve2, in branch and electronic fund depositsFree
Debit transactions – Withdrawals, made in branch, at IC Savings/ding free3 ATMs4 and transfers between IC Savings accountsFree
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
Debit transactions – Personal cheques and pre-authorized payments1 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 paymentsFree
Interac® e-Transfer – Receive money from account at participating Canadian financial institution$1.50 each
Monthly eStatement  – Includes cheques image(s), front onlyFree
Monthly statement – Printed and mailedFree


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.