{"id":1033561,"date":"2024-04-05T00:00:08","date_gmt":"2024-04-05T04:00:08","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=1033561"},"modified":"2026-09-04T17:01:03","modified_gmt":"2026-09-04T21:01:03","slug":"best-business-chequing-accounts","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/best-business-chequing-accounts","title":{"rendered":"Best business chequing accounts"},"content":{"rendered":"<p>A business chequing account is a vital tool to help you run your business. It lets you manage all your everyday business banking needs, from paying bills to depositing cash and cheques and makes it easy to keep track of your business spending.<\/p><p>But which is the best account for your business? To help you decide, we\u2019ve put together this guide to the best business chequing accounts in Canada with options to suit businesses of all shapes and sizes.<\/p><h3>Best business chequing accounts in Canada<\/h3><ul>\n<li><strong>Best business chequing account for doing business internationally: <\/strong><a href=\"#best-business-chequing-account-for-doing-business-internationally\">Airwallex Business Account<\/a><\/li>\n<li><strong>Best chequing account for small\/medium businesses: <\/strong><a href=\"#best-chequing-account-for-small-medium-businesses\">RBC Digital Choice Business Account<\/a><\/li>\n<li><strong>Best business chequing account with no fees: <\/strong><a href=\"#best-business-chequing-account-with-no-fees\">Loop Global Business Banking Account<\/a><\/li>\n<li><strong>Best business chequing account for eCommerce businesses: <\/strong><a href=\"#best-business-chequing-account-for-ecommerce-businesses\">RBC Flex Choice Business Account<\/a><\/li>\n<li><strong>Best chequing account for small\/medium businesses from a Big Bank: <\/strong><a href=\"#best-chequing-account-for-small-medium-businesses-from-a-big-bank\">Scotiabank Select Account for Business Plan B<\/a><\/li>\n<li><strong>Best business chequing account for online businesses: <\/strong><a href=\"#best-business-chequing-account-for-online-businesses\">BMO Essential Business Account<\/a><\/li>\n<\/ul>\n<script type=\"application\/ld+json\">\n{\n    \"@context\": \"https:\/\/schema.org\",\n    \"@type\": \"ItemList\",\n    \"itemListElement\": [\n        {\n            \"@type\": \"ListItem\",\n            \"position\": 1,\n            \"name\": \"Airwallex Business Account\",\n            \"description\": \"Best business chequing account for doing business internationally\",\n            \"url\": \"https:\/\/www.finder.com\/ca\/banking\/business-banking\/airwallex-global-account\"\n        },\n        {\n            \"@type\": \"ListItem\",\n            \"position\": 2,\n            \"name\": \"RBC Digital Choice Business Account\",\n            \"description\": \"Best chequing account for small\/medium businesses\",\n            \"url\": \"https:\/\/www.finder.com\/ca\/banking\/rbc-review\/rbc-digital-choice-business-account-package-review\"\n        },\n        {\n            \"@type\": \"ListItem\",\n            \"position\": 3,\n            \"name\": \"Loop Global Business Banking Account\",\n            \"description\": \"Best business chequing account with no fees\",\n            \"url\": \"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review\"\n        },\n        {\n            \"@type\": \"ListItem\",\n            \"position\": 4,\n            \"name\": \"RBC Flex Choice Business Account\",\n            \"description\": \"Best business chequing account for eCommerce businesses\",\n            \"url\": \"https:\/\/www.finder.com\/ca\/banking\/business-banking\/rbc-flex-choice-business-account-package-review\"\n        },\n        {\n            \"@type\": \"ListItem\",\n            \"position\": 5,\n            \"name\": \"Scotiabank Select Account for Business Plan B\",\n            \"description\": \"Best chequing account for small\/medium businesses from a Big Bank\",\n            \"url\": \"https:\/\/www.finder.com\/ca\/banking\/business-banking\/scotiabank-select-account-for-business-review\"\n        },\n        {\n            \"@type\": \"ListItem\",\n            \"position\": 6,\n            \"name\": \"BMO Essential Business Account\",\n            \"description\": \"Best business chequing account for online businesses\",\n            \"url\": \"https:\/\/www.finder.com\/ca\/banking\/business-banking\"\n        }\n    ]\n}\n<\/script><div class=\"content tableWithFilters\n        \n        \n         best-cards-table-container\" id=\"comparison-table\" data-section=\"table\" data-niche=\"CAFSA-BUS\">\n    <div class=\"tableWithFilters__tableTop\">\n            <\/div>\n            <div class=\"contentWrapper tableWithFilters__contentWrapper \">\n        <div class=\"tableWithFilters__table content\">\n        <script type=\"text\/javascript\">\n(function () {\n  const fsniche = \"cafsa-bus\";\n  const getEventToListenTo = () => {\n    if (window.matchMedia('(any-hover:none)').matches) {\n      if (window.matchMedia('(max-width: 450px)').matches) {\n        return \"scroll\";\n      }\n    }\n    return \"DOMContentLoaded\";\n  };\n  const eventToWatch = getEventToListenTo();\n  const waitForLoadOnTheFly = (callback, maxAttempts = 50) => {\n    let attempts = 0;\n    const checkAndExecute = () => {\n      attempts++;\n      if (window.loadOnTheFly && window.loadOnTheFly.html) {\n        callback();\n      } else if (attempts < maxAttempts) {\n        setTimeout(checkAndExecute, 100);\n      } else {\n        console.error('loadOnTheFly.html not available after maximum attempts');\n      }\n    };\n    checkAndExecute();\n  };\n  \/\/ Two tables of the same niche 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data-category=\"bffd99b6-1207-487d-a94d-b8782fe5c90e\" data-template=\"comparison\" data-niche=\"CAFSA-BUS\" data-site=\"CAFSA-BUS\" data-auto-recalculate=\"true\" data-post-country=\"ca\" data-fieldset=\"best_ca_business_banking\" data-compare-fieldset=\"compareInfobox\" data-post-id=\"1033561\" data-mobile-template=\"\" data-origin=\"straightforward-niche\" data-side-filters=\"false\" data-sort=\"\" data-enable-top-filters=\"false\" data-mobile-data-layout=\"grid\" data-redirect-tracking-params='{\"placement_type\":\"best-card\",\"site\":\"CAFSA-BUS\",\"fieldset\":\"best_ca_business_banking\",\"template\":\"comparison\",\"category_id\":\"bffd99b6-1207-487d-a94d-b8782fe5c90e\",\"category_name\":\"Best cards - Best business chequing accounts\",\"is_sorted\":0,\"is_filtered\":0,\"cta_render_ts\":1791855636}' data-disable-alternative-products=\"true\" data-post-redirect-alternative-products-enabled=\"false\" data-force-enable-alternative-products=\"false\" data-niche-default-category=\"\" data-niche-default-path=\"\" data-experiment-flags=\"\"><section class=\"comparison-calculator--container\"><form action=\"\" name=\"compareForm\" method=\"post\" class=\"js-compare-bar\" data-compareinfobox=\"\" data-compare-fieldset=\"compareInfobox\" data-niche=\"CAFSA-BUS\" data-site=\"CAFSA-BUS\" data-table-id=\"3916\" data-origin=\"straightforward-niche\" data-record-type=\"product\" data-redirect-tracking-params='{\"placement_type\":\"best-card\",\"site\":\"CAFSA-BUS\",\"fieldset\":\"best_ca_business_banking\",\"template\":\"comparison\",\"category_id\":\"bffd99b6-1207-487d-a94d-b8782fe5c90e\",\"category_name\":\"Best cards - Best business chequing accounts\",\"is_sorted\":0,\"is_filtered\":0,\"cta_render_ts\":1791855636}'><div class=\"comparisonHistory__root\"><\/div><h3 id=\"best-business-chequing-account-for-doing-business-internationally\" class=\"best-card__header\">Best business chequing account for doing business internationally<\/h3><table class=\"best-cards-table comparison-table f1-clarity-header has-sidepeek js-paginated-table-sorter paginated-table-sorter    has-combined-column-header  combined-column-header-grid js-calculator-table rewards--container loyalty-rewards--container\" id=\"comparison-table-0000000000\" data-has-sidepeek=\"true\" data-rendered-as=\"best-cards\" data-loadmore=\"true\" data-loadmore-version=\"1\" data-loadmore-id=\"1009\" data-niche=\"cafsa-bus\" data-sorted=\"false\" data-sorting=\"\" data-pagination-nav=\"20\" data-pagination-nav-offset=\"0\" data-pagination-nav-next-offset=\"\" data-pagination-nav-prev-offset=\"0\" data-product-count=\"6\" data-manual-sponsored-count=\"\" data-include-inactive=\"false\" data-table-filter-presets=\"ffcd94737b740d8fda855e842bc6a12d6162504d83fadc705b90176b0e0273ac\" data-table-record-type=\"product\" data-table-record-ids='[\"6f4b7efc-42b4-46b9-997e-867e25204496\",\"ddef87d7-ca17-4ede-a4c6-991a25f5c077\",\"1687ee58-d261-446b-97c3-825f70d60e4e\",\"7606f1ae-05b4-4799-a698-1bcf2fc7cd85\",\"ce924ced-4594-4172-b01d-a9f29411d259\",\"220907ec-ae1a-4862-995e-6606c09a30e4\"]' data-total-data=\"6\" data-enable-top-filters=\"false\" data-gte-enabled-variants=\"table_share_pill_1\" data-total-product-count=\"6\" data-sponsored-placements=\"0\" data-override-table-position-configuration=\"false\"><tbody><tr data-product-id=\"6f4b7efc-42b4-46b9-997e-867e25204496\" data-provider-id=\"9bf1fec9-edfc-4b1c-8f8b-21a69f634ce9\" data-product-name=\"Airwallex Business Account\" data-provider-name=\"Airwallex\" class=\"grid-column-count-4  mobile-column-count-3 mobile-row-count-3  js-comparison-table__row  \"><td class=\"comparison-table__name combined-column-header   f1-clarity-header\"><a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/airwallex-global-account\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/66a934476d044.png\" alt=\"Airwallex logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/66a934476d044.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/66a934476d044.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/66a934476d044.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/66a934476d044.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/66a934476d044.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><div class=\"finder-score-container\"><style>@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}<\/style><div class=\"detail-info \" style=\"cursor: pointer;\"><a class=\"scoreCombined score__container finder-score\" onclick=\"showFinderScoreModal('cafsa-bus')\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">8.2<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great\">        Great      <\/span><\/a><\/div><\/div><div class=\"product-info_name combined-column-header\"><span class=\"nameLink\"><a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/airwallex-global-account\" target=\"_blank\" data-component-id=\"1014\" data-component-version=\"1\">Airwallex Business Account<\/a><\/span><\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                                                                                                                                                                                                            first-row\n                                                                                                                        default-sort-descending\" data-mobile=\"hide\" data-sortvalue=\"\" data-column-index=\"1\" data-decorator=\"text,cafsa-bus.product.datapoint_cafsa_bus_finder_score\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Finder Score\"><style>@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}<\/style><div class=\"detail-info \" style=\"cursor: pointer;\"><a class=\"scoreCombined score__container finder-score\" onclick=\"showFinderScoreModal('cafsa-bus')\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">8.2<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great\">        Great      <\/span><\/a><\/div><\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                                                rounded-top-left\n                                                                                rounded-bottom-left\n                                                                                                                                                                                                                            \" data-sortvalue=\"0\" data-column-index=\"2\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Monthly Account Fee\">\n                        $0\n                                          <\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                            border-left\n                                                                                                                                                                                                                                                                                        \" data-sortvalue=\"CAD, USD, GBP, EUR + 17 more\" data-column-index=\"3\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Multi Currency Accounts\">\n                        CAD, USD, GBP, EUR + 17 more\n                                          <\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                            border-left\n                                                                                rounded-top-right\n                                                                                rounded-bottom-right\n                                                                                                                                                                                                                                                                                                    \" data-sortvalue=\"0.5%-1%\" data-column-index=\"4\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"FX Fee\">\n                        0.5% - 1%\n                                          <\/div><\/td><td class=\"comparison-table__feature comparison-table__feature--longtext comparison-table__feature--offer sorter-false \" data-sortvalue=\"\"><div class=\"comparison-table__cellWrapper comparison-table__product-offer js-calculator-table-value\" data-heading=\"Default Offer\"><svg class=\"luna-icon\" role=\"img\" aria-label=\"Special offer\"><use href=\"#gift\"><\/use><\/svg><span class=\"offer-content\">\n                Earn up to 1% cashback on eligible local and international transactions with your Airwallex Corporate Card. T&amp;Cs apply.\n            <\/span><\/div><\/td><td class=\"comparison-table__feature comparison-table__cta coa-data cta-column-count-4 \"><div class=\"comparison-table__cellWrapper\"><button type=\"button\" class=\"js-comparison-table__save-button comparison-table__save-button\" aria-label=\"Save\" aria-pressed=\"false\" title=\"Save\"><\/button><a data-component-props='{\"finderScore\":8.2,\"badges\":[],\"productId\":\"6f4b7efc-42b4-46b9-997e-867e25204496\"}' data-component-id=\"1026\" data-component-version=\"1\" target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-banking\/airwallex-business-account-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22best-card%22%2C%22site%22%3A%22CAFSA-BUS%22%2C%22fieldset%22%3A%22best_ca_business_banking%22%2C%22template%22%3A%22comparison%22%2C%22category_id%22%3A%22bffd99b6-1207-487d-a94d-b8782fe5c90e%22%2C%22category_name%22%3A%22Best%2Bcards%2B-%2BBest%2Bbusiness%2Bchequing%2Baccounts%22%2C%22is_sorted%22%3A%220%22%2C%22is_filtered%22%3A%220%22%2C%22cta_render_ts%22%3A%221791855636%22%2C%22position%22%3A%221%22%2C%22offer_id%22%3A%2225199%22%2C%22niche_code%22%3A%22CAFSA-BUS%22%2C%22product_id%22%3A%226f4b7efc-42b4-46b9-997e-867e25204496%22%2C%22product_name%22%3A%22Airwallex%2BBusiness%2BAccount%22%2C%22post_id%22%3A%221033561%22%2C%22post_path%22%3A%22banking%252Fbusiness-banking%252Fbest-business-chequing-accounts%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--success luna-button--medium has-margin-bottom-xsmall button--cta\" title=\"Go to Airwallex's site\">Go to site<\/a><a href=\"#\" class=\"comparison-table__more-button\" title=\"Read more about Airwallex Business Account\" data-component-id=\"1003\" data-component-version=\"1\" data-component-props='{\"finderScore\":8.2,\"badges\":[],\"productId\":\"6f4b7efc-42b4-46b9-997e-867e25204496\"}' data-custom-event-active=\"true\"><svg class=\"luna-icon\"><use href=\"#info\"><\/use><\/svg><span>View details<\/span><\/a><div class=\"luna-form__selection comparison-table__compareField\"><fieldset><legend class=\"compare-box__legend\">Compare product selection<\/legend><input class=\"luna-checkbox\" type=\"checkbox\" id=\"compare-product-0000000002-6f4b7efc-42b4-46b9-997e-867e25204496\" value=\"6f4b7efc-42b4-46b9-997e-867e25204496\" name=\"productID\" _productname=\"@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}                        \t               8.2                    Great                                            Airwallex Business Account            \" _productimg=\"\/product\/\" data-custom-event-active=\"true\" data-component-id=\"1004\" data-component-version=\"1\" data-component-props='{\"finderScore\":8.2,\"badges\":[],\"productId\":\"6f4b7efc-42b4-46b9-997e-867e25204496\"}'><label class=\"luna-label\" for=\"compare-product-0000000002-6f4b7efc-42b4-46b9-997e-867e25204496\">Compare<\/label><\/fieldset><\/div><\/div><\/td><td class=\"comparison-table__expander js-comparison-table__expander hide sidepeek-modal-slider\" aria-hidden=\"true\"><div class=\"sidepeek-modal-slider__overlay\"><\/div><div class=\"sidepeek-modal-slider__content\"><div class=\"sidepeek-modal-slider__close-wrapper\"><button type=\"button\" class=\"sidepeek-modal-slider__close js-expander-trigger\" aria-label=\"Close modal\"><svg class=\"luna-icon sidepeek-modal-slider__close-icon\"><use href=\"#x\"><\/use><\/svg><\/button><\/div><div class=\"comparison-table__cellWrapper\"><div class=\"comparison-table__expander--fetching center-over\"><div class=\"relativeloading-pulse__box loading-pulse__box-notext\"><span class=\"loading-pulse loading-pulse--medium loading-pulse--primary\">loading<\/span><\/div><\/div><\/div><\/div><\/td><td class=\"best-card__container\"><div class=\"best-card__content\"><div class=\"why-we-like-it\"><h4 class=\"why-we-like-it__heading\">Why we like it<\/h4><p class=\"why-we-like-it__content\"><\/p><p>If you're running a business that operates primarily online or does business internationally, the Airwallex Business Account is one of our top picks for the best business chequing accounts in Canada. It's built for borderless transactions, offering multicurrency accounts, low FX fees and seamless integrations\u2014all with no monthly account fee. Airwallex lets you collect localized customer payments in international markets without first converting to CAD, which can save you a lot of money in conversion fees over the long term.<\/p><p>The account comes with no monthly account fees. It lets you hold and spend 20+ currencies and transfer 60+ currencies internationally while avoiding costly conversion and transaction fees. <b>Earn up to 1% cashback<\/b> on eligible local and international transactions with your Airwallex Corporate Card. T&amp;Cs apply.<\/p><p><b>Why it's one of the best:<\/b><\/p><ul><li><strong>No monthly account fees.<\/strong> Since Airwallex is a fully digital financial platform with low overhead costs, it offers no monthly account fees to all customers, making it great for startups and growing businesses.<\/li><li><b>Built for global business. <\/b>Open foreign currency accounts in minutes with access to over 20 currencies.<\/li><li><strong>All-digital convenience.<\/strong> Manage your entire business banking experience online with easy access to virtual cards, expense tracking and team permissions.<\/li><\/ul><\/div><div class=\"pros-cons\"><button class=\"pros-cons__summary\" type=\"button\" aria-expanded=\"false\" aria-controls=\"pros-cons__6f4b7efc-42b4-46b9-997e-867e25204496\">\n\t\t\tPros &amp; cons\n\t\t\t<svg class=\"luna-icon pros-cons__indicator\" aria-hidden=\"true\"><use href=\"#chevron-down\"><\/use><\/svg><\/button><div class=\"pros-cons__details\" id=\"pros-cons__6f4b7efc-42b4-46b9-997e-867e25204496\"><div><h4 class=\"pros-cons__heading\">Pros<\/h4><ul class=\"pros-cons__list pros-cons__list--pros\"><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tNo monthly account fee\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tHold and manage multiple currencies\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tMarket-leading FX rates\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><div><h4 class=\"pros-cons__heading\">Cons<\/h4><ul class=\"pros-cons__list pros-cons__list--cons\"><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tNo branches for in-person banking or cash deposits\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tLimited customer support\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/div><\/div><\/div><\/td><\/tr><\/tbody><\/table><h3 id=\"best-chequing-account-for-small-medium-businesses\" class=\"best-card__header\">Best chequing account for small\/medium businesses<\/h3><table class=\"best-cards-table comparison-table f1-clarity-header has-sidepeek js-paginated-table-sorter paginated-table-sorter    has-combined-column-header  combined-column-header-grid js-calculator-table rewards--container loyalty-rewards--container\" id=\"comparison-table-0000000000-2\" data-has-sidepeek=\"true\" data-rendered-as=\"best-cards\" data-niche=\"cafsa-bus\" data-table-record-type=\"product\"><tbody><tr data-product-id=\"ddef87d7-ca17-4ede-a4c6-991a25f5c077\" data-provider-id=\"1be56ebb-0272-467d-bd9a-3b4b3a3d4525\" data-product-name=\"RBC Digital Choice Business Account\" data-provider-name=\"RBC\" class=\"grid-column-count-4  mobile-column-count-3 mobile-row-count-3  js-comparison-table__row  \"><td class=\"comparison-table__name combined-column-header   f1-clarity-header\"><a href=\"https:\/\/www.finder.com\/ca\/banking\/rbc-review\/rbc-digital-choice-business-account-package-review\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg\" alt=\"RBC logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><div class=\"finder-score-container\"><style>@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}<\/style><div class=\"detail-info \" style=\"cursor: pointer;\"><a class=\"scoreCombined score__container finder-score\" onclick=\"showFinderScoreModal('cafsa-bus')\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">8.7<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great\">        Great      <\/span><\/a><\/div><\/div><div class=\"product-info_name combined-column-header\"><span class=\"nameLink\"><a href=\"https:\/\/www.finder.com\/ca\/banking\/rbc-review\/rbc-digital-choice-business-account-package-review\" target=\"_blank\" data-component-id=\"1014\" data-component-version=\"1\">RBC Digital Choice Business Account<\/a><\/span><\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                                                                                                                                                                                                            first-row\n                                                                                                                        default-sort-descending\" data-mobile=\"hide\" data-sortvalue=\"\" data-column-index=\"1\" data-decorator=\"text,cafsa-bus.product.datapoint_cafsa_bus_finder_score\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Finder Score\"><style>@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}<\/style><div class=\"detail-info \" style=\"cursor: pointer;\"><a class=\"scoreCombined score__container finder-score\" onclick=\"showFinderScoreModal('cafsa-bus')\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">8.7<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great\">        Great      <\/span><\/a><\/div><\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                                                rounded-top-left\n                                                                                rounded-bottom-left\n                                                                                                                                                                                                                            \" data-sortvalue=\"6\" data-column-index=\"2\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Monthly Account Fee\">\n                        $6\n                                          <\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                            border-left\n                                                                                                                                                                                                                                                                                        \" data-sortvalue=\"CAD only\" data-column-index=\"3\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Multi Currency Accounts\">\n                        CAD only\n                                          <\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                            border-left\n                                                                                rounded-top-right\n                                                                                rounded-bottom-right\n                                                                                                                                                                                                                                                                                                    \" data-sortvalue=\"Varies\" data-column-index=\"4\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"FX Fee\">\n                        Varies\n                                          <\/div><\/td><td class=\"comparison-table__feature comparison-table__cta coa-data cta-column-count-4 \"><div class=\"comparison-table__cellWrapper\"><button type=\"button\" class=\"js-comparison-table__save-button comparison-table__save-button\" aria-label=\"Save\" aria-pressed=\"false\" title=\"Save\"><\/button><a data-component-props='{\"finderScore\":8.7,\"badges\":[],\"productId\":\"ddef87d7-ca17-4ede-a4c6-991a25f5c077\"}' data-component-id=\"1026\" data-component-version=\"1\" target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-banking\/rbc-digital-choice-business-banking-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22best-card%22%2C%22site%22%3A%22CAFSA-BUS%22%2C%22fieldset%22%3A%22best_ca_business_banking%22%2C%22template%22%3A%22comparison%22%2C%22category_id%22%3A%22bffd99b6-1207-487d-a94d-b8782fe5c90e%22%2C%22category_name%22%3A%22Best%2Bcards%2B-%2BBest%2Bbusiness%2Bchequing%2Baccounts%22%2C%22is_sorted%22%3A%220%22%2C%22is_filtered%22%3A%220%22%2C%22cta_render_ts%22%3A%221791855636%22%2C%22position%22%3A%222%22%2C%22offer_id%22%3A%2223853%22%2C%22niche_code%22%3A%22CAFSA-BUS%22%2C%22product_id%22%3A%22ddef87d7-ca17-4ede-a4c6-991a25f5c077%22%2C%22product_name%22%3A%22RBC%2BDigital%2BChoice%2BBusiness%2BAccount%22%2C%22post_id%22%3A%221033561%22%2C%22post_path%22%3A%22banking%252Fbusiness-banking%252Fbest-business-chequing-accounts%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--success luna-button--medium has-margin-bottom-xsmall button--cta\" title=\"Go to RBC's site\">Go to site<\/a><a href=\"#\" class=\"comparison-table__more-button\" title=\"Read more about RBC Digital Choice Business Account\" data-component-id=\"1003\" data-component-version=\"1\" data-component-props='{\"finderScore\":8.7,\"badges\":[],\"productId\":\"ddef87d7-ca17-4ede-a4c6-991a25f5c077\"}' data-custom-event-active=\"true\"><svg class=\"luna-icon\"><use href=\"#info\"><\/use><\/svg><span>View details<\/span><\/a><div class=\"luna-form__selection comparison-table__compareField\"><fieldset><legend class=\"compare-box__legend\">Compare product selection<\/legend><input class=\"luna-checkbox\" type=\"checkbox\" id=\"compare-product-0000000002-ddef87d7-ca17-4ede-a4c6-991a25f5c077\" value=\"ddef87d7-ca17-4ede-a4c6-991a25f5c077\" name=\"productID\" _productname=\"@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}                        \t               8.7                    Great                                            RBC Digital Choice Business Account            \" _productimg=\"\/product\/\" data-custom-event-active=\"true\" data-component-id=\"1004\" data-component-version=\"1\" data-component-props='{\"finderScore\":8.7,\"badges\":[],\"productId\":\"ddef87d7-ca17-4ede-a4c6-991a25f5c077\"}'><label class=\"luna-label\" for=\"compare-product-0000000002-ddef87d7-ca17-4ede-a4c6-991a25f5c077\">Compare<\/label><\/fieldset><\/div><\/div><\/td><td class=\"comparison-table__expander js-comparison-table__expander hide sidepeek-modal-slider\" aria-hidden=\"true\"><div class=\"sidepeek-modal-slider__overlay\"><\/div><div class=\"sidepeek-modal-slider__content\"><div class=\"sidepeek-modal-slider__close-wrapper\"><button type=\"button\" class=\"sidepeek-modal-slider__close js-expander-trigger\" aria-label=\"Close modal\"><svg class=\"luna-icon sidepeek-modal-slider__close-icon\"><use href=\"#x\"><\/use><\/svg><\/button><\/div><div class=\"comparison-table__cellWrapper\"><div class=\"comparison-table__expander--fetching center-over\"><div class=\"relativeloading-pulse__box loading-pulse__box-notext\"><span class=\"loading-pulse loading-pulse--medium loading-pulse--primary\">loading<\/span><\/div><\/div><\/div><\/div><\/td><td class=\"best-card__container\"><div class=\"best-card__content\"><div class=\"why-we-like-it\"><h4 class=\"why-we-like-it__heading\">Why we like it<\/h4><p class=\"why-we-like-it__content\"><\/p><p>For businesses looking to manage their banking online, the RBC Digital Choice Business Account is a powerful sidekick. With the RBC Mobile app, you can quickly and easily pay employees and suppliers, request payments, track your spending and business performance, deposit cheques and send transfers.<\/p><p><b>Why it's one of the best:<\/b><\/p><ul><li><b>Transactions.<\/b> Enjoy unlimited electronic debits\/credits, plus unlimited Moneris &amp; electronic cheque deposits electronic debit and credit transactions.<\/li><li><b>Unlimited cheque deposits.<\/b> Unlimited Moneris and electronic cheque deposits.<\/li><li><b>Soft credit check only.<\/b> When you apply for an account, RBC will only conduct a soft credit check, which means your credit score won't be impacted when applying.<\/li><\/ul><\/div><div class=\"pros-cons\"><button class=\"pros-cons__summary\" type=\"button\" aria-expanded=\"false\" aria-controls=\"pros-cons__ddef87d7-ca17-4ede-a4c6-991a25f5c077\">\n\t\t\tPros &amp; cons\n\t\t\t<svg class=\"luna-icon pros-cons__indicator\" aria-hidden=\"true\"><use href=\"#chevron-down\"><\/use><\/svg><\/button><div class=\"pros-cons__details\" id=\"pros-cons__ddef87d7-ca17-4ede-a4c6-991a25f5c077\"><div><h4 class=\"pros-cons__heading\">Pros<\/h4><ul class=\"pros-cons__list pros-cons__list--pros\"><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tEarn rewards points for your business spending\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tHold and spend funds in multiple currencies\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tCompetitive foreign exchange rates\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><div><h4 class=\"pros-cons__heading\">Cons<\/h4><ul class=\"pros-cons__list pros-cons__list--cons\"><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tOnly one free plan available\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tRead the fine print for details of other fees\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tNo Apple Pay or Google Pay\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/div><\/div><\/div><\/td><\/tr><\/tbody><\/table><h3 id=\"best-business-chequing-account-with-no-fees\" class=\"best-card__header\">Best business chequing account with no fees<\/h3><table class=\"best-cards-table comparison-table f1-clarity-header has-sidepeek js-paginated-table-sorter paginated-table-sorter    has-combined-column-header  combined-column-header-grid js-calculator-table rewards--container loyalty-rewards--container\" id=\"comparison-table-0000000000-3\" data-has-sidepeek=\"true\" data-rendered-as=\"best-cards\" data-niche=\"cafsa-bus\" data-table-record-type=\"product\"><tbody><tr data-product-id=\"1687ee58-d261-446b-97c3-825f70d60e4e\" data-provider-id=\"eff7163e-fdf2-4469-bafc-3dc97ff0f88b\" data-product-name=\"Loop Global Business Banking Account\" data-provider-name=\"Loop\" class=\"grid-column-count-4  mobile-column-count-3 mobile-row-count-3  js-comparison-table__row  \"><td class=\"comparison-table__name combined-column-header   f1-clarity-header\"><a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/65089e0fc3719.png\" alt=\"Loop logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/65089e0fc3719.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/65089e0fc3719.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/65089e0fc3719.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/65089e0fc3719.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/65089e0fc3719.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><div class=\"finder-score-container\"><style>@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}<\/style><div class=\"detail-info \" style=\"cursor: pointer;\"><a class=\"scoreCombined score__container finder-score\" onclick=\"showFinderScoreModal('cafsa-bus')\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">7.9<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great\">        Great      <\/span><\/a><\/div><\/div><div class=\"product-info_name combined-column-header\"><span class=\"nameLink\"><a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review\" target=\"_blank\" data-component-id=\"1014\" data-component-version=\"1\">Loop Global Business Banking Account<\/a><\/span><\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                                                                                                                                                                                                            first-row\n                                                                                                                        default-sort-descending\" data-mobile=\"hide\" data-sortvalue=\"\" data-column-index=\"1\" data-decorator=\"text,cafsa-bus.product.datapoint_cafsa_bus_finder_score\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Finder Score\"><style>@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}<\/style><div class=\"detail-info \" style=\"cursor: pointer;\"><a class=\"scoreCombined score__container finder-score\" onclick=\"showFinderScoreModal('cafsa-bus')\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">7.9<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great\">        Great      <\/span><\/a><\/div><\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                                                rounded-top-left\n                                                                                rounded-bottom-left\n                                                                                                                                                                                                                            \" data-sortvalue=\"0\" data-column-index=\"2\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Monthly Account Fee\">\n                        $0\n                                          <\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                            border-left\n                                                                                                                                                                                                                                                                                        \" data-sortvalue=\"CAD, USD, GBP, EUR\" data-column-index=\"3\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Multi Currency Accounts\">\n                        CAD, USD, GBP, EUR\n                                          <\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                            border-left\n                                                                                rounded-top-right\n                                                                                rounded-bottom-right\n                                                                                                                                                                                                                                                                                                    \" data-sortvalue=\"0.1%-0.5%\" data-column-index=\"4\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"FX Fee\">\n                        0.1% - 0.5%\n                                          <\/div><\/td><td class=\"comparison-table__feature comparison-table__cta coa-data cta-column-count-4 \"><div class=\"comparison-table__cellWrapper\"><button type=\"button\" class=\"js-comparison-table__save-button comparison-table__save-button\" aria-label=\"Save\" aria-pressed=\"false\" title=\"Save\"><\/button><a data-component-props='{\"finderScore\":7.9,\"badges\":[],\"productId\":\"1687ee58-d261-446b-97c3-825f70d60e4e\"}' data-component-id=\"1026\" data-component-version=\"1\" target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-banking\/loop-global-business-banking-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22best-card%22%2C%22site%22%3A%22CAFSA-BUS%22%2C%22fieldset%22%3A%22best_ca_business_banking%22%2C%22template%22%3A%22comparison%22%2C%22category_id%22%3A%22bffd99b6-1207-487d-a94d-b8782fe5c90e%22%2C%22category_name%22%3A%22Best%2Bcards%2B-%2BBest%2Bbusiness%2Bchequing%2Baccounts%22%2C%22is_sorted%22%3A%220%22%2C%22is_filtered%22%3A%220%22%2C%22cta_render_ts%22%3A%221791855636%22%2C%22position%22%3A%223%22%2C%22offer_id%22%3A%2223693%22%2C%22niche_code%22%3A%22CAFSA-BUS%22%2C%22product_id%22%3A%221687ee58-d261-446b-97c3-825f70d60e4e%22%2C%22product_name%22%3A%22Loop%2BGlobal%2BBusiness%2BBanking%2BAccount%22%2C%22post_id%22%3A%221033561%22%2C%22post_path%22%3A%22banking%252Fbusiness-banking%252Fbest-business-chequing-accounts%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--success luna-button--medium has-margin-bottom-xsmall button--cta\" title=\"Go to Loop's site\">Go to site<\/a><a href=\"#\" class=\"comparison-table__more-button\" title=\"Read more about Loop Global Business Banking Account\" data-component-id=\"1003\" data-component-version=\"1\" data-component-props='{\"finderScore\":7.9,\"badges\":[],\"productId\":\"1687ee58-d261-446b-97c3-825f70d60e4e\"}' data-custom-event-active=\"true\"><svg class=\"luna-icon\"><use href=\"#info\"><\/use><\/svg><span>View details<\/span><\/a><div class=\"luna-form__selection comparison-table__compareField\"><fieldset><legend class=\"compare-box__legend\">Compare product selection<\/legend><input class=\"luna-checkbox\" type=\"checkbox\" id=\"compare-product-0000000002-1687ee58-d261-446b-97c3-825f70d60e4e\" value=\"1687ee58-d261-446b-97c3-825f70d60e4e\" name=\"productID\" _productname=\"@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}                        \t               7.9                    Great                                            Loop Global Business Banking Account            \" _productimg=\"\/product\/\" data-custom-event-active=\"true\" data-component-id=\"1004\" data-component-version=\"1\" data-component-props='{\"finderScore\":7.9,\"badges\":[],\"productId\":\"1687ee58-d261-446b-97c3-825f70d60e4e\"}'><label class=\"luna-label\" for=\"compare-product-0000000002-1687ee58-d261-446b-97c3-825f70d60e4e\">Compare<\/label><\/fieldset><\/div><\/div><\/td><td class=\"comparison-table__expander js-comparison-table__expander hide sidepeek-modal-slider\" aria-hidden=\"true\"><div class=\"sidepeek-modal-slider__overlay\"><\/div><div class=\"sidepeek-modal-slider__content\"><div class=\"sidepeek-modal-slider__close-wrapper\"><button type=\"button\" class=\"sidepeek-modal-slider__close js-expander-trigger\" aria-label=\"Close modal\"><svg class=\"luna-icon sidepeek-modal-slider__close-icon\"><use href=\"#x\"><\/use><\/svg><\/button><\/div><div class=\"comparison-table__cellWrapper\"><div class=\"comparison-table__expander--fetching center-over\"><div class=\"relativeloading-pulse__box loading-pulse__box-notext\"><span class=\"loading-pulse loading-pulse--medium loading-pulse--primary\">loading<\/span><\/div><\/div><\/div><\/div><\/td><td class=\"best-card__container\"><div class=\"best-card__content\"><div class=\"why-we-like-it\"><h4 class=\"why-we-like-it__heading\">Why we like it<\/h4><p class=\"why-we-like-it__content\"><\/p><p>If you're looking for one account to manage all of your business banking needs, Loop offers access to one that includes corporate cards, payments, foreign currency exchange, loans and capital funding. You can also manage multiple currencies and access competitive FX rates.<\/p><p><b>Why it's one of the best:<\/b><\/p><ul><li><b>$0 account fee.<\/b> This account charges no monthly account fee.<\/li><li><b>Multi-currency accounts.<\/b> Easily open CA, US, UK and EU domiciled accounts to skip conversion fees, get paid faster and make free global payments.<\/li><li><b>No FX credit cards.<\/b> Eliminate FX fees with a Loop credit card. Spend in CAD, USD, GBP and EUR and earn points to use toward travel and experiences. Access a credit limit of up to $1 million.<\/li><\/ul><\/div><div class=\"pros-cons\"><button class=\"pros-cons__summary\" type=\"button\" aria-expanded=\"false\" aria-controls=\"pros-cons__1687ee58-d261-446b-97c3-825f70d60e4e\">\n\t\t\tPros &amp; cons\n\t\t\t<svg class=\"luna-icon pros-cons__indicator\" aria-hidden=\"true\"><use href=\"#chevron-down\"><\/use><\/svg><\/button><div class=\"pros-cons__details\" id=\"pros-cons__1687ee58-d261-446b-97c3-825f70d60e4e\"><div><h4 class=\"pros-cons__heading\">Pros<\/h4><ul class=\"pros-cons__list pros-cons__list--pros\"><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tEarn rewards points for your business spending\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tHold and spend funds in multiple currencies\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tCompetitive foreign exchange rates\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><div><h4 class=\"pros-cons__heading\">Cons<\/h4><ul class=\"pros-cons__list pros-cons__list--cons\"><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tOnly one free plan available\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tRead the fine print for details of other fees\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tNo Apple Pay or Google Pay\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/div><\/div><\/div><\/td><\/tr><\/tbody><\/table><h3 id=\"best-business-chequing-account-for-ecommerce-businesses\" class=\"best-card__header\">Best business chequing account for eCommerce businesses<\/h3><table class=\"best-cards-table comparison-table f1-clarity-header has-sidepeek js-paginated-table-sorter paginated-table-sorter    has-combined-column-header  combined-column-header-grid js-calculator-table rewards--container loyalty-rewards--container\" id=\"comparison-table-0000000000-4\" data-has-sidepeek=\"true\" data-rendered-as=\"best-cards\" data-niche=\"cafsa-bus\" data-table-record-type=\"product\"><tbody><tr data-product-id=\"7606f1ae-05b4-4799-a698-1bcf2fc7cd85\" data-provider-id=\"1be56ebb-0272-467d-bd9a-3b4b3a3d4525\" data-product-name=\"RBC Flex Choice Business Account\" data-provider-name=\"RBC\" class=\"grid-column-count-4  mobile-column-count-3 mobile-row-count-3  js-comparison-table__row  \"><td class=\"comparison-table__name combined-column-header   f1-clarity-header\"><a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/rbc-flex-choice-business-account-package-review\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg\" alt=\"RBC logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><div class=\"finder-score-container\"><style>@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}<\/style><div class=\"detail-info \" style=\"cursor: pointer;\"><a class=\"scoreCombined score__container finder-score\" onclick=\"showFinderScoreModal('cafsa-bus')\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">8.5<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great\">        Great      <\/span><\/a><\/div><\/div><div class=\"product-info_name combined-column-header\"><span class=\"nameLink\"><a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/rbc-flex-choice-business-account-package-review\" target=\"_blank\" data-component-id=\"1014\" data-component-version=\"1\">RBC Flex Choice Business Account<\/a><\/span><\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                                                                                                                                                                                                            first-row\n                                                                                                                        default-sort-descending\" data-mobile=\"hide\" data-sortvalue=\"\" data-column-index=\"1\" data-decorator=\"text,cafsa-bus.product.datapoint_cafsa_bus_finder_score\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Finder Score\"><style>@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}<\/style><div class=\"detail-info \" style=\"cursor: pointer;\"><a class=\"scoreCombined score__container finder-score\" onclick=\"showFinderScoreModal('cafsa-bus')\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">8.5<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great\">        Great      <\/span><\/a><\/div><\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                                                rounded-top-left\n                                                                                rounded-bottom-left\n                                                                                                                                                                                                                            \" data-sortvalue=\"7\" data-column-index=\"2\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Monthly Account Fee\">\n                        $7\n                                          <\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                            border-left\n                                                                                                                                                                                                                                                                                        \" data-sortvalue=\"CAD\" data-column-index=\"3\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Multi Currency Accounts\">\n                        CAD\n                                          <\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                            border-left\n                                                                                rounded-top-right\n                                                                                rounded-bottom-right\n                                                                                                                                                                                                                                                                                                    \" data-sortvalue=\"Varies\" data-column-index=\"4\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"FX Fee\">\n                        Varies\n                                          <\/div><\/td><td class=\"comparison-table__feature comparison-table__cta coa-data cta-column-count-4 \"><div class=\"comparison-table__cellWrapper\"><button type=\"button\" class=\"js-comparison-table__save-button comparison-table__save-button\" aria-label=\"Save\" aria-pressed=\"false\" title=\"Save\"><\/button><a data-component-props='{\"finderScore\":8.5,\"badges\":[],\"productId\":\"7606f1ae-05b4-4799-a698-1bcf2fc7cd85\"}' data-component-id=\"1026\" data-component-version=\"1\" target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-banking\/rbc-flex-choice-business-banking-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22best-card%22%2C%22site%22%3A%22CAFSA-BUS%22%2C%22fieldset%22%3A%22best_ca_business_banking%22%2C%22template%22%3A%22comparison%22%2C%22category_id%22%3A%22bffd99b6-1207-487d-a94d-b8782fe5c90e%22%2C%22category_name%22%3A%22Best%2Bcards%2B-%2BBest%2Bbusiness%2Bchequing%2Baccounts%22%2C%22is_sorted%22%3A%220%22%2C%22is_filtered%22%3A%220%22%2C%22cta_render_ts%22%3A%221791855636%22%2C%22position%22%3A%224%22%2C%22offer_id%22%3A%2224426%22%2C%22niche_code%22%3A%22CAFSA-BUS%22%2C%22product_id%22%3A%227606f1ae-05b4-4799-a698-1bcf2fc7cd85%22%2C%22product_name%22%3A%22RBC%2BFlex%2BChoice%2BBusiness%2BAccount%22%2C%22post_id%22%3A%221033561%22%2C%22post_path%22%3A%22banking%252Fbusiness-banking%252Fbest-business-chequing-accounts%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--success luna-button--medium has-margin-bottom-xsmall button--cta\" title=\"Go to RBC's site\">Go to site<\/a><a href=\"#\" class=\"comparison-table__more-button\" title=\"Read more about RBC Flex Choice Business Account\" data-component-id=\"1003\" data-component-version=\"1\" data-component-props='{\"finderScore\":8.5,\"badges\":[],\"productId\":\"7606f1ae-05b4-4799-a698-1bcf2fc7cd85\"}' data-custom-event-active=\"true\"><svg class=\"luna-icon\"><use href=\"#info\"><\/use><\/svg><span>View details<\/span><\/a><div class=\"luna-form__selection comparison-table__compareField\"><fieldset><legend class=\"compare-box__legend\">Compare product selection<\/legend><input class=\"luna-checkbox\" type=\"checkbox\" id=\"compare-product-0000000002-7606f1ae-05b4-4799-a698-1bcf2fc7cd85\" value=\"7606f1ae-05b4-4799-a698-1bcf2fc7cd85\" name=\"productID\" _productname=\"@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}                        \t               8.5                    Great                                            RBC Flex Choice Business Account            \" _productimg=\"\/product\/\" data-custom-event-active=\"true\" data-component-id=\"1004\" data-component-version=\"1\" data-component-props='{\"finderScore\":8.5,\"badges\":[],\"productId\":\"7606f1ae-05b4-4799-a698-1bcf2fc7cd85\"}'><label class=\"luna-label\" for=\"compare-product-0000000002-7606f1ae-05b4-4799-a698-1bcf2fc7cd85\">Compare<\/label><\/fieldset><\/div><\/div><\/td><td class=\"comparison-table__expander js-comparison-table__expander hide sidepeek-modal-slider\" aria-hidden=\"true\"><div class=\"sidepeek-modal-slider__overlay\"><\/div><div class=\"sidepeek-modal-slider__content\"><div class=\"sidepeek-modal-slider__close-wrapper\"><button type=\"button\" class=\"sidepeek-modal-slider__close js-expander-trigger\" aria-label=\"Close modal\"><svg class=\"luna-icon sidepeek-modal-slider__close-icon\"><use href=\"#x\"><\/use><\/svg><\/button><\/div><div class=\"comparison-table__cellWrapper\"><div class=\"comparison-table__expander--fetching center-over\"><div class=\"relativeloading-pulse__box loading-pulse__box-notext\"><span class=\"loading-pulse loading-pulse--medium loading-pulse--primary\">loading<\/span><\/div><\/div><\/div><\/div><\/td><td class=\"best-card__container\"><div class=\"best-card__content\"><div class=\"why-we-like-it\"><h4 class=\"why-we-like-it__heading\">Why we like it<\/h4><p class=\"why-we-like-it__content\"><\/p><p>If you're new in business and unsure of your banking needs at the start, the RBC Flex Choice Business Account only charges you for what you use. Enjoy banking flexibility with no minimum or maximum transaction limits.<\/p><p><b>Why it's one of the best:<\/b><\/p><ul><li><b>Only pay for what you use.<\/b> This flexible account is suited to those looking to pay only for what they use.<\/li><li><b>Bank online or in branch.<\/b> If you think you'd rather occasionally have in-person assistance with banking, RBC is happy to help in branch.<\/li><li><b>Access other banking products.<\/b> Access corporate and business credit cards, GICs, personal accounts and much more with RBC.<\/li><\/ul><\/div><div class=\"pros-cons\"><button class=\"pros-cons__summary\" type=\"button\" aria-expanded=\"false\" aria-controls=\"pros-cons__7606f1ae-05b4-4799-a698-1bcf2fc7cd85\">\n\t\t\tPros &amp; cons\n\t\t\t<svg class=\"luna-icon pros-cons__indicator\" aria-hidden=\"true\"><use href=\"#chevron-down\"><\/use><\/svg><\/button><div class=\"pros-cons__details\" id=\"pros-cons__7606f1ae-05b4-4799-a698-1bcf2fc7cd85\"><div><h4 class=\"pros-cons__heading\">Pros<\/h4><ul class=\"pros-cons__list pros-cons__list--pros\"><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tOnly pay for transactions you use\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tBank online or in-branch\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tGet RBC Preferred Pricing\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><div><h4 class=\"pros-cons__heading\">Cons<\/h4><ul class=\"pros-cons__list pros-cons__list--cons\"><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tMonthly fee of $7\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tYou'll pay for each transaction and e-Transfer\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tNot suitable for large businesses making lots of paper transactions\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/div><\/div><\/div><\/td><\/tr><\/tbody><\/table><h3 id=\"best-chequing-account-for-small-medium-businesses-from-a-big-bank\" class=\"best-card__header\">Best chequing account for small\/medium businesses from a Big Bank<\/h3><table class=\"best-cards-table comparison-table f1-clarity-header has-sidepeek js-paginated-table-sorter paginated-table-sorter    has-combined-column-header  combined-column-header-grid js-calculator-table rewards--container loyalty-rewards--container\" id=\"comparison-table-0000000000-5\" data-has-sidepeek=\"true\" data-rendered-as=\"best-cards\" data-niche=\"cafsa-bus\" data-table-record-type=\"product\"><tbody><tr data-product-id=\"ce924ced-4594-4172-b01d-a9f29411d259\" data-provider-id=\"f8d7e5aa-a287-4f64-9dc7-ba33188d0878\" data-product-name=\"Scotiabank Select Account for Business Plan B\" data-provider-name=\"Scotiabank\" class=\"grid-column-count-4  mobile-column-count-3 mobile-row-count-3  js-comparison-table__row  \"><td class=\"comparison-table__name combined-column-header   f1-clarity-header\"><a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/scotiabank-select-account-for-business-review\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/62ffc0137d863.jpg\" alt=\"Scotiabank logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/62ffc0137d863.jpg?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/62ffc0137d863.jpg?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/62ffc0137d863.jpg?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/62ffc0137d863.jpg?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/62ffc0137d863.jpg?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><div class=\"finder-score-container\"><style>@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}<\/style><div class=\"detail-info \" style=\"cursor: pointer;\"><a class=\"scoreCombined score__container finder-score\" onclick=\"showFinderScoreModal('cafsa-bus')\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">8.9<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great\">        Great      <\/span><\/a><\/div><\/div><div class=\"product-info_name combined-column-header\"><span class=\"nameLink\"><a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/scotiabank-select-account-for-business-review\" target=\"_blank\" data-component-id=\"1014\" data-component-version=\"1\">Scotiabank Select Account for Business Plan B<\/a><\/span><\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                                                                                                                                                                                                            first-row\n                                                                                                                        default-sort-descending\" data-mobile=\"hide\" data-sortvalue=\"\" data-column-index=\"1\" data-decorator=\"text,cafsa-bus.product.datapoint_cafsa_bus_finder_score\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Finder Score\"><style>@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}<\/style><div class=\"detail-info \" style=\"cursor: pointer;\"><a class=\"scoreCombined score__container finder-score\" onclick=\"showFinderScoreModal('cafsa-bus')\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">8.9<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great\">        Great      <\/span><\/a><\/div><\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                                                rounded-top-left\n                                                                                rounded-bottom-left\n                                                                                                                                                                                                                            \" data-sortvalue=\"40\" data-column-index=\"2\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Monthly Account Fee\">\n                        $40\n                                          <\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                            border-left\n                                                                                                                                                                                                                                                                                        \" data-sortvalue=\"CAD only\" data-column-index=\"3\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Multi Currency Accounts\">\n                        CAD only\n                                          <\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                            border-left\n                                                                                rounded-top-right\n                                                                                rounded-bottom-right\n                                                                                                                                                                                                                                                                                                    \" data-sortvalue=\"Varies\" data-column-index=\"4\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"FX Fee\">\n                        Varies\n                                          <\/div><\/td><td class=\"comparison-table__feature comparison-table__cta coa-data cta-column-count-4 \"><div class=\"comparison-table__cellWrapper\"><button type=\"button\" class=\"js-comparison-table__save-button comparison-table__save-button\" aria-label=\"Save\" aria-pressed=\"false\" title=\"Save\"><\/button><a href=\"#\" class=\"comparison-table__more-button\" title=\"Read more about Scotiabank Select Account for Business Plan B\" data-component-id=\"1003\" data-component-version=\"1\" data-component-props='{\"finderScore\":8.9,\"badges\":[],\"productId\":\"ce924ced-4594-4172-b01d-a9f29411d259\"}' data-custom-event-active=\"true\"><svg class=\"luna-icon\"><use href=\"#info\"><\/use><\/svg><span>View details<\/span><\/a><div class=\"luna-form__selection comparison-table__compareField\"><fieldset><legend class=\"compare-box__legend\">Compare product selection<\/legend><input class=\"luna-checkbox\" type=\"checkbox\" id=\"compare-product-0000000002-ce924ced-4594-4172-b01d-a9f29411d259\" value=\"ce924ced-4594-4172-b01d-a9f29411d259\" name=\"productID\" _productname=\"@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}                        \t               8.9                    Great                                            Scotiabank Select Account for Business Plan B            \" _productimg=\"\/product\/\" data-custom-event-active=\"true\" data-component-id=\"1004\" data-component-version=\"1\" data-component-props='{\"finderScore\":8.9,\"badges\":[],\"productId\":\"ce924ced-4594-4172-b01d-a9f29411d259\"}'><label class=\"luna-label\" for=\"compare-product-0000000002-ce924ced-4594-4172-b01d-a9f29411d259\">Compare<\/label><\/fieldset><\/div><\/div><\/td><td class=\"comparison-table__expander js-comparison-table__expander hide sidepeek-modal-slider\" aria-hidden=\"true\"><div class=\"sidepeek-modal-slider__overlay\"><\/div><div class=\"sidepeek-modal-slider__content\"><div class=\"sidepeek-modal-slider__close-wrapper\"><button type=\"button\" class=\"sidepeek-modal-slider__close js-expander-trigger\" aria-label=\"Close modal\"><svg class=\"luna-icon sidepeek-modal-slider__close-icon\"><use href=\"#x\"><\/use><\/svg><\/button><\/div><div class=\"comparison-table__cellWrapper\"><div class=\"comparison-table__expander--fetching center-over\"><div class=\"relativeloading-pulse__box loading-pulse__box-notext\"><span class=\"loading-pulse loading-pulse--medium loading-pulse--primary\">loading<\/span><\/div><\/div><\/div><\/div><\/td><td class=\"best-card__container\"><div class=\"best-card__content\"><div class=\"why-we-like-it\"><h4 class=\"why-we-like-it__heading\">Why we like it<\/h4><p class=\"why-we-like-it__content\"><\/p><p>Scotiabank, one of the Big Five banks, offers four types of Select Accounts for businesses. Plan B is the best option for small-to-medium businesses that complete fewer than 70 transactions per month. And, if your business grows and this account no longer supports your needs, you can easily switch to Plan C or the unlimited account.<\/p><p><b>Why it's one of the best:<\/b><\/p><ul><li><b>Access to a Big Five bank.<\/b> Enjoy the security of banking with one of Canada's biggest and oldest banks while gaining access to a network of over 900 branches and 3 ABMs.<\/li><li><strong>High cash deposit limit.<\/strong> If your business receives cash payments, you can deposit $8,000 for free. Then, you only have to pay $2.60 for every $1,000 you deposit.<\/li><li><strong>Merchant Services with Chase.<\/strong> To waive your monthly fee, sign up for Chase Merchant Services to accept credit and debit payments.<\/li><\/ul><\/div><div class=\"pros-cons\"><button class=\"pros-cons__summary\" type=\"button\" aria-expanded=\"false\" aria-controls=\"pros-cons__ce924ced-4594-4172-b01d-a9f29411d259\">\n\t\t\tPros &amp; cons\n\t\t\t<svg class=\"luna-icon pros-cons__indicator\" aria-hidden=\"true\"><use href=\"#chevron-down\"><\/use><\/svg><\/button><div class=\"pros-cons__details\" id=\"pros-cons__ce924ced-4594-4172-b01d-a9f29411d259\"><div><h4 class=\"pros-cons__heading\">Pros<\/h4><ul class=\"pros-cons__list pros-cons__list--pros\"><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tEasily switch to a higher plan as your business grows\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tSend up to 20 Interac e-Transfers for free each month\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tCDIC-insured Big Five bank\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><div><h4 class=\"pros-cons__heading\">Cons<\/h4><ul class=\"pros-cons__list pros-cons__list--cons\"><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tAfter your 70 free transactions, there's an additional transaction fee of $1.50\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tThe monthly fee is only waived if you maintain a minimum balance of $35,000\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tAdditional fees if you go over your allotted transactions, deposit items and cash deposits\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/div><\/div><\/div><\/td><\/tr><\/tbody><\/table><h3 id=\"best-business-chequing-account-for-online-businesses\" class=\"best-card__header\">Best business chequing account for online businesses<\/h3><table class=\"best-cards-table comparison-table f1-clarity-header has-sidepeek js-paginated-table-sorter paginated-table-sorter    has-combined-column-header  combined-column-header-grid js-calculator-table rewards--container loyalty-rewards--container\" id=\"comparison-table-0000000000-6\" data-has-sidepeek=\"true\" data-rendered-as=\"best-cards\" data-niche=\"cafsa-bus\" data-table-record-type=\"product\"><tbody><tr data-product-id=\"220907ec-ae1a-4862-995e-6606c09a30e4\" data-provider-id=\"a70cb9ae-cd2d-41e0-afbc-376233631844\" data-product-name=\"BMO Essential Business Account\" data-provider-name=\"BMO\" class=\"grid-column-count-4  mobile-column-count-3 mobile-row-count-3  js-comparison-table__row  \"><td class=\"comparison-table__name combined-column-header   f1-clarity-header\"><a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/61a07389a0135.png\" alt=\"BMO logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/61a07389a0135.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/61a07389a0135.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/61a07389a0135.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/61a07389a0135.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/61a07389a0135.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><div class=\"finder-score-container\"><style>@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}<\/style><div class=\"detail-info \" style=\"cursor: pointer;\"><a class=\"scoreCombined score__container finder-score\" onclick=\"showFinderScoreModal('cafsa-bus')\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">8.9<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great\">        Great      <\/span><\/a><\/div><\/div><div class=\"product-info_name combined-column-header\"><span class=\"nameLink\"><a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\" target=\"_blank\" data-component-id=\"1014\" data-component-version=\"1\">BMO Essential Business Account<\/a><\/span><\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                                                                                                                                                                                                            first-row\n                                                                                                                        default-sort-descending\" data-mobile=\"hide\" data-sortvalue=\"\" data-column-index=\"1\" data-decorator=\"text,cafsa-bus.product.datapoint_cafsa_bus_finder_score\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Finder Score\"><style>@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}<\/style><div class=\"detail-info \" style=\"cursor: pointer;\"><a class=\"scoreCombined score__container finder-score\" onclick=\"showFinderScoreModal('cafsa-bus')\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">8.9<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great\">        Great      <\/span><\/a><\/div><\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                                                rounded-top-left\n                                                                                rounded-bottom-left\n                                                                                                                                                                                                                            \" data-sortvalue=\"5\" data-column-index=\"2\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Monthly Account Fee\">\n                        $5\n                                          <\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                            border-left\n                                                                                                                                                                                                                                                                                        \" data-sortvalue=\"CAD\" data-column-index=\"3\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Multi Currency Accounts\">\n                        CAD\n                                          <\/div><\/td><td class=\"comparison-table__feature\n                                        \n                                        border-top\n                                                            border-left\n                                                                                rounded-top-right\n                                                                                rounded-bottom-right\n                                                                                                                                                                                                                                                                                                    \" data-sortvalue=\"Varies\" data-column-index=\"4\" data-decorator=\"text\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"FX Fee\">\n                        Varies\n                                          <\/div><\/td><td class=\"comparison-table__feature comparison-table__cta coa-data cta-column-count-4 \"><div class=\"comparison-table__cellWrapper\"><button type=\"button\" class=\"js-comparison-table__save-button comparison-table__save-button\" aria-label=\"Save\" aria-pressed=\"false\" title=\"Save\"><\/button><a href=\"#\" class=\"comparison-table__more-button\" title=\"Read more about BMO Essential Business Account\" data-component-id=\"1003\" data-component-version=\"1\" data-component-props='{\"finderScore\":8.9,\"badges\":[],\"productId\":\"220907ec-ae1a-4862-995e-6606c09a30e4\"}' data-custom-event-active=\"true\"><svg class=\"luna-icon\"><use href=\"#info\"><\/use><\/svg><span>View details<\/span><\/a><div class=\"luna-form__selection comparison-table__compareField\"><fieldset><legend class=\"compare-box__legend\">Compare product selection<\/legend><input class=\"luna-checkbox\" type=\"checkbox\" id=\"compare-product-0000000002-220907ec-ae1a-4862-995e-6606c09a30e4\" value=\"220907ec-ae1a-4862-995e-6606c09a30e4\" name=\"productID\" _productname=\"@media (max-width: 600px) {    .comparison-table tr td {        order: 3;     }     .comparison-table td.comparison-table__name {        order: 1 !important;         flex-basis: 100% !important;    }    .comparison-table td.comparison-table__product {        order: 2 !important;         flex-basis: 33.33% !important;        padding: .5rem .45rem;    }}                        \t               8.9                    Great                                            BMO Essential Business Account            \" _productimg=\"\/product\/\" data-custom-event-active=\"true\" data-component-id=\"1004\" data-component-version=\"1\" data-component-props='{\"finderScore\":8.9,\"badges\":[],\"productId\":\"220907ec-ae1a-4862-995e-6606c09a30e4\"}'><label class=\"luna-label\" for=\"compare-product-0000000002-220907ec-ae1a-4862-995e-6606c09a30e4\">Compare<\/label><\/fieldset><\/div><\/div><\/td><td class=\"comparison-table__expander js-comparison-table__expander hide sidepeek-modal-slider\" aria-hidden=\"true\"><div class=\"sidepeek-modal-slider__overlay\"><\/div><div class=\"sidepeek-modal-slider__content\"><div class=\"sidepeek-modal-slider__close-wrapper\"><button type=\"button\" class=\"sidepeek-modal-slider__close js-expander-trigger\" aria-label=\"Close modal\"><svg class=\"luna-icon sidepeek-modal-slider__close-icon\"><use href=\"#x\"><\/use><\/svg><\/button><\/div><div class=\"comparison-table__cellWrapper\"><div class=\"comparison-table__expander--fetching center-over\"><div class=\"relativeloading-pulse__box loading-pulse__box-notext\"><span class=\"loading-pulse loading-pulse--medium loading-pulse--primary\">loading<\/span><\/div><\/div><\/div><\/div><\/td><td class=\"best-card__container\"><div class=\"best-card__content\"><div class=\"why-we-like-it\"><h4 class=\"why-we-like-it__heading\">Why we like it<\/h4><p class=\"why-we-like-it__content\"><\/p><p>If you're looking for a free business chequing account to manage all your business needs, the BMO eBusiness Plan could be the business bank account you've been searching for. This account is designed to suit small business owners, has a low monthly fee and no minimum balance requirement.<\/p><p><b>Why it's one of the best:<\/b><\/p><ul><li><b>Low monthly account fee.<\/b> You won't have to worry about paying a high monthly account fee.<\/li><li><b>Unlimited transactions.<\/b> Enjoy unlimited Moneris and electronic transactions, so you can save more every day.<\/li><li><b>No minimum balance requirements.<\/b> You can have as little or as much money in your account as you'd like without incurring any minimum balance fees.<\/li><\/ul><\/div><div class=\"pros-cons\"><button class=\"pros-cons__summary\" type=\"button\" aria-expanded=\"false\" aria-controls=\"pros-cons__220907ec-ae1a-4862-995e-6606c09a30e4\">\n\t\t\tPros &amp; cons\n\t\t\t<svg class=\"luna-icon pros-cons__indicator\" aria-hidden=\"true\"><use href=\"#chevron-down\"><\/use><\/svg><\/button><div class=\"pros-cons__details\" id=\"pros-cons__220907ec-ae1a-4862-995e-6606c09a30e4\"><div><h4 class=\"pros-cons__heading\">Pros<\/h4><ul class=\"pros-cons__list pros-cons__list--pros\"><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\t$5 monthly account fee\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tNo minimum balance requirements\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tUnlimited Moneris and electronic transactions\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><div><h4 class=\"pros-cons__heading\">Cons<\/h4><ul class=\"pros-cons__list pros-cons__list--cons\"><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tYou'll need to pay for deposits\n\t\t\t\t\t\t\t<\/li><li class=\"pros-cons__list-item\">\n\t\t\t\t\t\t\t\tNot suitable for businesses looking to take advantage of premium banking features\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/div><\/div><\/div><\/td><\/tr><\/tbody><\/table><div class=\"comparison-table__loadingIndicator center-over\"><div class=\"relativeloading-pulse__box loading-pulse__box-notext\"><span class=\"loading-pulse loading-pulse--medium loading-pulse--primary\">loading<\/span><\/div><\/div><\/form><\/section><\/div><div id=\"compare-bar-v2\" class=\"compareBarV2__root rewards--container loyalty-rewards--container\" data-niche=\"CAFSA-BUS\" data-rewards-component=\"compare-products\"><\/div>\n    <\/div>\n<\/div>\n    <\/div>\n<ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">Methodology: How we selected the best business chequing accounts in Canada<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>To determine this best list, Finder Canada analyzed 45+ business chequing accounts across 20+ financial institutions. We compared accounts from traditional banks, digital banks, fintechs and credit unions. We narrowed down the list of accounts to the top 10 by only listing accounts that are available in all Canadian provinces.<\/p><p>We ranked accounts based on 18 data points within four major categories. Here\u2019s how we ranked and weighted each product:<\/p><ul><li><strong>Fees:<\/strong> 40% (monthly fee, ability to waive monthly fee (if necessary), transaction fees, included deposits, Interac e-Transfers)<\/li><li><strong>Perks:<\/strong> 30% (number of currencies you can bank in, interest rates, other tailored rewards, accounting software integration, virtual card availability, expense management solutions)<\/li><li><strong>Banking Access:<\/strong> 15% (in-branch banking, online banking access, ATM network access, national availability)<\/li><li><strong>Customer Experience:<\/strong> 15% (live chat availability, Apple app ratings, Google app ratings)<\/li><\/ul><div class=\"has-padding-xsmall\"><\/div><p>No single business chequing account will be the best choice for everyone, so thoroughly compare your options before picking your new account.<\/p><\/div>\n  <\/div>\n<\/li><\/ul><h3>Summary of the best business chequing accounts<\/h3><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 20%;\" scope=\"col\">Account<\/th><th style=\"text-align: left; width: 20%;\" scope=\"col\">Best for<\/th><th style=\"text-align: left; width: 20%;\" scope=\"col\">Monthly fee<\/th><th style=\"text-align: left; width: 40%;\" scope=\"col\">Key features<\/th><\/tr><\/thead><tbody class=\"luna-table__body\"><tr><td><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-banking\/airwallex-business-account-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Airwallex%2BBusiness%2BAccount%22%2C%22site%22%3A%22CAFSA-BUS%22%2C%22offer_id%22%3A%2225199%22%2C%22niche_code%22%3A%22CAFSA-BUS%22%2C%22product_id%22%3A%226f4b7efc-42b4-46b9-997e-867e25204496%22%2C%22product_name%22%3A%22Airwallex%2BBusiness%2BAccount%22%2C%22provider_id%22%3A%229bf1fec9-edfc-4b1c-8f8b-21a69f634ce9%22%2C%22provider_name%22%3A%22Airwallex%22%2C%22post_id%22%3A%221033561%22%2C%22post_path%22%3A%22banking%252Fbusiness-banking%252Fbest-business-chequing-accounts%22%2C%22post_country%22%3A%22ca%22%7D\">Airwallex Business Account<\/a><\/td><td>International businesses with multi-currency needs<\/td><td>$0<\/td><td><ul><li>Over 20 currencies supported<\/li><li>No monthly fee<\/li><li>All-digital convenience<\/li><\/ul><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-banking\/rbc-digital-choice-business-banking-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22RBC%2BDigital%2BChoice%2BBusiness%2BAccount%22%2C%22site%22%3A%22CAFSA-BUS%22%2C%22offer_id%22%3A%2223853%22%2C%22niche_code%22%3A%22CAFSA-BUS%22%2C%22product_id%22%3A%22ddef87d7-ca17-4ede-a4c6-991a25f5c077%22%2C%22product_name%22%3A%22RBC%2BDigital%2BChoice%2BBusiness%2BAccount%22%2C%22provider_id%22%3A%221be56ebb-0272-467d-bd9a-3b4b3a3d4525%22%2C%22provider_name%22%3A%22RBC%22%2C%22post_id%22%3A%221033561%22%2C%22post_path%22%3A%22banking%252Fbusiness-banking%252Fbest-business-chequing-accounts%22%2C%22post_country%22%3A%22ca%22%7D\">RBC Digital Choice Business Account<\/a><\/td><td>Small businesses with low transaction volumes<\/td><td>$6<\/td><td><ul><li>unlimited electronic debits\/credits, plus unlimited Moneris &amp; electronic cheque deposits debit\/credit transactions<\/li><li>Unlimited cheque deposits<\/li><li>Multicurrency support<\/li><\/ul><\/td><\/tr><tr><td>Scotiabank Select Account for Business Plan B<\/td><td>Small to medium businesses<\/td><td>$40<\/td><td><ul><li>$8,000 free cash deposit limit<\/li><li>Up to 20 free Interac e-transfers<\/li><li>70 free transactions<\/li><\/ul><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-banking\/loop-global-business-banking-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Loop%2BGlobal%2BBusiness%2BBanking%2BAccount%22%2C%22site%22%3A%22CAFSA-BUS%22%2C%22offer_id%22%3A%2223693%22%2C%22niche_code%22%3A%22CAFSA-BUS%22%2C%22product_id%22%3A%221687ee58-d261-446b-97c3-825f70d60e4e%22%2C%22product_name%22%3A%22Loop%2BGlobal%2BBusiness%2BBanking%2BAccount%22%2C%22provider_id%22%3A%22eff7163e-fdf2-4469-bafc-3dc97ff0f88b%22%2C%22provider_name%22%3A%22Loop%22%2C%22post_id%22%3A%221033561%22%2C%22post_path%22%3A%22banking%252Fbusiness-banking%252Fbest-business-chequing-accounts%22%2C%22post_country%22%3A%22ca%22%7D\">Loop Global Business Banking Account<\/a><\/td><td>Online businesses with international transactions<\/td><td>$0<\/td><td><ul><li>No monthly fee<\/li><li>Multicurrency accounts<\/li><li>Competitive FX rates<\/li><\/ul><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-banking\/rbc-flex-choice-business-banking-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22RBC%2BFlex%2BChoice%2BBusiness%2BAccount%22%2C%22site%22%3A%22CAFSA-BUS%22%2C%22offer_id%22%3A%2224426%22%2C%22niche_code%22%3A%22CAFSA-BUS%22%2C%22product_id%22%3A%227606f1ae-05b4-4799-a698-1bcf2fc7cd85%22%2C%22product_name%22%3A%22RBC%2BFlex%2BChoice%2BBusiness%2BAccount%22%2C%22provider_id%22%3A%221be56ebb-0272-467d-bd9a-3b4b3a3d4525%22%2C%22provider_name%22%3A%22RBC%22%2C%22post_id%22%3A%221033561%22%2C%22post_path%22%3A%22banking%252Fbusiness-banking%252Fbest-business-chequing-accounts%22%2C%22post_country%22%3A%22ca%22%7D\">RBC Flex Choice Business Account<\/a><\/td><td>Startups with minimal transactions<\/td><td>$7<\/td><td><ul><li>Pay only for used transactions<\/li><li>Unlimited Moneris deposits<\/li><li>40% discount on transaction fees<\/li><\/ul><\/td><\/tr><tr><td>BMO Essential Business Account<\/td><td>Small businesses and startups<\/td><td>$5<\/td><td><ul><li>Unlimited Moneris transactions<\/li><li>No minimum balance requirement<\/li><li>Low monthly fee<\/li><\/ul><\/td><\/tr><\/tbody><\/table><h3>What is a business chequing account?<\/h3><p>A business chequing account functions the same way as a personal chequing account. The key difference is that the account is held in your business name and is used for all your day-to-day business banking.<\/p><p>Most business chequing accounts in Canada come with a monthly fee and support a certain number of transactions per month\u2014the higher the fee, the more supported transactions. Your account will also come with a linked debit card for in-store purchases and ATM withdrawals, along with the ability to write cheques.<\/p><p>You can use your business bank account to:<\/p><ul><li>Send payments to employees and suppliers.<\/li><li>Accept payments from customers, including electronic, cash and cheque deposits.<\/li><li>Pay for purchases online and in-store.<\/li><li>Track your income and expenses for tax purposes.<\/li><\/ul><h3>What are the benefits of a business chequing account?<\/h3><p>A chequing account provides a host of useful benefits for business owners. These include:<\/p><ul class=\"list-1\"><li><strong>Keep track of your spending.<\/strong> A business chequing account makes it easy to monitor your business cash flow. You can monitor your income, track expenses and use budgeting tools to improve your bottom line.<\/li><li><strong>Keeps business and personal finances separate.<\/strong> While a business bank account isn\u2019t legally required for all businesses, it\u2019s important to prevent your business and personal transactions from getting mixed up. This makes it a whole lot easier to stay on top of your business finances.<\/li><li><strong>Manage tax obligations.<\/strong> Business chequing accounts also simplify your bookkeeping requirements, making it much simpler to meet your tax and reporting obligations at the end of the financial year. You can also link your business account to accounting software to ensure that you don\u2019t miss any expense deductions.<\/li><li><strong>Builds credit history.<\/strong> Opening a business bank account and using it to send and receive payments helps establish your business\u2019 credit history. A better credit score will improve your chances of qualifying for business loans, lines of credit and credit cards in the future.<\/li><li><strong>CDIC protection.<\/strong> If you open an account with a financial institution that\u2019s a member of the Canada Deposit Insurance Corporation, you\u2019ll receive up to $100,000 worth of coverage in the unlikely event that your bank fails.<\/li><li><strong>Adds credibility.<\/strong> Opening a business bank account is also a simple way to boost the credibility of your business. No matter whether you\u2019re dealing with customers, suppliers or staff, using a business chequing account will help your business appear more professional.<\/li><\/ul><h3>How to choose the best business chequing account<\/h3><p>The best business bank account for your business depends on your banking needs. Here are some steps you can follow to choose the best chequing account for your business:<\/p><h4>1. Evaluate your banking needs<\/h4><p>Start by asking yourself a few key questions to determine what you need from your business account:<\/p><ul><li>How many business transactions do I make per month?<\/li><li>Can all of my business banking be done online?<\/li><li>Will I regularly need to make cash or cheque deposits?<\/li><li>How many people will have access to the account, and do they each need their own debit card?<\/li><\/ul><h4>2. Consider the monthly fee<\/h4><p>Once you\u2019ve decided exactly what you need in an account, it\u2019s time to start comparing your options. The first factor to consider when searching for the right account is the monthly fee. This could be around $5 to $10 on a basic account or up to $100 or more on an unlimited-transaction account. Some banks will also waive the monthly fee if you keep your balance above a minimum level. If you want to save money, consider <a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/free-business-bank-accounts-canada\">these fee-free business accounts<\/a>.<\/p><h4>3. Check supported transactions<\/h4><p>Check how many transactions are included in the monthly fee. Some offer unlimited transactions, but other accounts will place restrictions on the number of transactions you can make per month, including limits on cash deposits and in-branch transactions. Exceeding your account limit will lead to extra transaction fees.<\/p><h4>4. Review other fees<\/h4><p>Read the fine print for details of any other fees to watch out for, such as excess transaction fees, ATM withdrawal fees and in-branch transaction fees.<\/p><h4>5. Verify debit card options<\/h4><p>Your business chequing account will come with a linked debit card for easy access to your funds. Check if you can issue additional cards for other team members that need access to the account and if this will incur any fees.<\/p><h4>6. Assess the branch and ATM network<\/h4><p>If you prefer going to a physical location to take care of your banking needs, check if there\u2019s a convenient branch you can access nearby. The same goes for ATMs\u2014is there a large ATM network so you can enjoy fee-free ATM withdrawals?<\/p><h4>7. Consider international payments<\/h4><p>If you regularly need to send payments to suppliers or employees overseas, check what exchange rates and fees apply to international payments. You may want to <a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/best-multi-currency-accounts-in-canada\">consider a multi-currency business account<\/a> that lets you receive, hold, send and spend funds in CAD as well as several other currencies.<\/p><h4>8. Check for CDIC coverage<\/h4><p>If your bank is a member of the Canadian Deposit Insurance Corporation, up to $100,000 of your business funds will be insured if the bank goes bust. From our list, only RBC and Scotiabank are CDIC-insured.<\/p><h4>9. Explore discounts and rewards<\/h4><p>Finally, you might be able to access discounts on other products from the same bank, such as a waived annual fee on a business credit card. Some accounts also offer cash back on spending and other rewards.<\/p><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/free-business-bank-accounts-canada\" style=\"text-decoration:underline; font-size:0.9em;\">Compare free business bank accounts<\/a>\n<\/div>\n<\/article><h3>How to open a business chequing account<\/h3><p>Make sure you prepare all the necessary paperwork in advance to ensure a stress-free application process.<\/p><h4>Required information<\/h4><p>The documents you need to provide to open an account vary depending on the bank you choose and the structure of your business. As a general guide, in addition to proof of ID, you\u2019ll typically be required to provide the following:<\/p><ul><li><strong>Sole proprietorship.<\/strong> You may be asked to provide your trade name registration certificate or a copy of your master business licence.<\/li><li><strong>Partnership.<\/strong> You\u2019ll typically need to provide a registered declaration of partnership or partnership agreement and your trade name registration certificate.<\/li><li><strong>Corporation.<\/strong> You\u2019ll typically need to provide articles of incorporation\/association, your trade name registration, your latest business notice of assessment, the business\u2019 latest financial statements and more.<\/li><\/ul><p>Check with your bank for a list of required documents before you apply.<\/p><h3>Steps to open a business chequing account<\/h3><p>If you\u2019re ready to <a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/open-a-business-account\">open your business chequing account<\/a>, follow these steps:<\/p><ol><li><strong>Choose an account.<\/strong> Consider our curated list above to find the best business banking account for your needs.<\/li><li><strong>Sign up.<\/strong> Once you\u2019ve chosen the right account, you can sign up either online or by visiting your local bank branch (if one is available). You\u2019ll need to provide personal information for all account owners, your contact details, the business name and your Canada Revenue Agency registration number.<\/li><li><strong>Provide business documentation.<\/strong> To verify your business identity, you need to provide additional documentation, such as personal identification, proof of your business address and business registration documents.<\/li><li><strong>Verify your identity and business details.<\/strong> Not all financial institutions offer a completely online account-opening process. In some cases, you may need to visit a branch to verify your identity and activate your account.<\/li><li><strong>Start using the account.<\/strong> Once approved, you can begin using your business chequing account. You may receive a debit card by mail within the next few days or weeks. Until then, you can transfer funds into the account and link it to your business payment systems.<\/li><\/ol><h3>FAQs about business chequing accounts<\/h3><ul class=\"luna-accordionGroup accordionGroup\">\n\t<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000003\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000003\">\n                <span class=\"luna-accordion__title\">What's the difference between a business chequing account and a business savings account?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000003\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>A chequing account is designed to be used for your day-to-day business banking needs. It provides easy access to funds, so you can do things like pay staff and suppliers, receive payments from customers and purchase inventory.<\/p><p>What a chequing account doesn't do is pay interest on the funds in your account, but that's where a business savings account comes in. Savings accounts let you earn interest on unused business funds, providing a boost to your bottom line and ensuring that your money is put to work.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000004\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000004\">\n                <span class=\"luna-accordion__title\">Can I get a business chequing account with unlimited transactions?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000004\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes. If your business needs to perform frequent transactions, most banks offer a business bank account that supports unlimited monthly transactions. However, these accounts typically come with a high monthly fee of $60 or more, but this fee may be waived if you keep your balance above a minimum level.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000005\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000005\">\n                <span class=\"luna-accordion__title\">Can I get a business bank account with no monthly fee?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000005\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes. Most no-fee business accounts come from online providers like <a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/business-transfers\/wise-for-business\">Wise<\/a>, <a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review\">Loop<\/a> and <a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/venn-review\">Venn<\/a>. Of the \"Big Six\" banks, BMO offers the eBusiness Plan, which supports unlimited electronic and Moneris transactions for no monthly fee. Check out our guide to free business bank accounts for more information.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000006\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000006\">\n                <span class=\"luna-accordion__title\">Can you open a business chequing account online?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000006\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Some banks, like RBC, allow you to start the application for a business chequing account online, while others allow you to complete the entire application process online. Some banks, such as Airwallex, don't even have physical branches, so you can only open a business chequing account online.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n\n<\/ul>\n<div id=\"sources\" style=\"position: relative;\"><h3 style=\"position: absolute; width: 1px; height: 1px; padding: 0; margin: -1px; overflow: hidden; clip: rect(0,0,0,0); white-space: nowrap; border: 0;\">Sources<\/h3>\n<div id=\"lazy0000000007\"><\/div>\n<script type=\"application\/json\" id=\"lazyloaded-assets-json-lazy0000000007\" class=\"lazyloaded-assets-json\">{\"critical-scripts\":[],\"scripts\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.de087a0da9824e407767.js\"],\"styles\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.87684078d471e76125dd.css\"]}<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Your guide to the best business chequing accounts and how to choose the business bank account for your needs.<\/p>\n","protected":false},"author":516,"featured_media":1033564,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_focuskw":"business chequing accounts","_yoast_wpseo_title":"Best Business Chequing Accounts in Canada | Finder Canada","_yoast_wpseo_metadesc":"A business chequing account is vital for managing your business banking needs. 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It provides easy access to funds, so you can do things like pay staff and suppliers, receive payments from customers and purchase inventory. What a chequing account doesn't do is pay interest on the funds in your account, but that's where a business savings account comes in. Savings accounts let you earn interest on unused business funds, providing a boost to your bottom line and ensuring that your money is put to work."}},{"@type":"Question","name":"Can I get a business chequing account with unlimited transactions?","acceptedAnswer":{"@type":"Answer","text":"Yes. If your business needs to perform frequent transactions, most banks offer a business bank account that supports unlimited monthly transactions. 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