{"id":1019146,"date":"2023-06-20T16:44:38","date_gmt":"2023-06-20T20:44:38","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=1019146"},"modified":"2026-09-04T16:59:36","modified_gmt":"2026-09-04T20:59:36","slug":"best-business-bank-account-canada","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/best-business-bank-account-canada","title":{"rendered":"Best business bank accounts in Canada"},"content":{"rendered":"

Finding the right business bank account is an important part of doing business. The best business bank account in Canada for you will meet all your banking needs, whether that\u2019s keeping your business finances separate from your personal account, low or no monthly fees, low FX fees, US dollar accounts, support for a mix of paper and electronic activities or maybe a large branch and ATM network.<\/p>

In this guide, we\u2019ll show you the 11 best business bank accounts in Canada so you can easily compare business banking options, and show you how to find the right business bank account for your needs.<\/p>

Best business bank accounts in Canada<\/h3>
Banking institution<\/th>Account<\/th>Account fee<\/th>Transactions<\/th>Open account<\/th><\/tr><\/thead>
RBC<\/td>RBC Digital Choice Business Account<\/td>$6\/month<\/td>unlimited electronic debits\/credits, plus unlimited Moneris & electronic cheque deposits<\/td>
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BMO<\/td>BMO Essential Business Account<\/td>$5\/month<\/td>unlimited electronic and Moneris transactions plus 6 free Interac e-Transfers per month<\/td>
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Scotiabank<\/td>Scotiabank Select Account for Business Plan B<\/td>$40\/month<\/td>70<\/td>
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Best small business banking with a fintech<\/h3>
Banking institution<\/th>Account<\/th>Account fee<\/th>Transactions<\/th>Open account<\/th><\/tr><\/thead>
Airwallex<\/td>Airwallex Business Account<\/td>$0\/month<\/td>free Local Transfers to 120+ countries<\/td>
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Loop<\/td>Loop Global Business Banking Account<\/td>$0\/month<\/td>unlimited ACH, EFT, SEPA transfers and free wire transfers<\/td>
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Wise<\/td>Wise Business<\/td>$0\/month<\/td>free domestic transfers in local CAD currency<\/td>
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Float<\/td>Float Financial Essential Business Account<\/td>$0\/month<\/td>fee-free inbound payments via wire, EFT and ACH<\/td>
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Jeeves<\/td>Jeeves Business Account<\/td>$0\/month<\/td>unlimited free wire transfers<\/td>
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Venn<\/td>Venn Business Banking Account<\/td>$0\/month<\/td>free Interac e-Transfers and $2 local transfers (EFT, ACH, SEPA)<\/td>
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Best nonprofit business bank accounts in Canada<\/h3>
Banking institution<\/th>Account<\/th>Account fee<\/th>Transactions<\/th>Open account<\/th><\/tr><\/thead>
CIBC<\/td>CIBC Not-for-Profit Operating Account<\/td>$4\/month<\/td>30<\/td>
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BMO<\/td>BMO Community Account<\/td>$2.50\/month<\/td>20<\/td>
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