Hi:

Any suggestions as to what might be a good small business account to open? Looking a the regular banks, I think the $6 RBC option and $9.50 BMO one (Waived with a $4K balance) are the best options. I see ING has a Business savings a/c, but assume, I cannot deposit checks into that. Any info?

Thanks!
H

ING is good as it pays 1.25% on small business saving a/c ..negative side is You have open a bank a/c in big 6 banks first & link your ING a/c with that a/c..money can be transferred electronically between them...but U get intrest at the end of each month...thats good return for a conservative saver..

Try SBIC Super Saver A/C.

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Fido.

For business banking , i think it better to go with any bank that has branches near u , access to branches is important for business.

I use BMO min bal 4000 free checking thats what i use


Does anyone know a bank that gives free cheques on Business account.

Quote:

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Originally posted by ashedfc


Absolutely True, Business needs are a lot different than personal needs. And in business account, the home branch is the only one who can make major changes (for personal accounts it can be done from anywhere).

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SBIC provides branch banking to me on business account . Does not charge any thing plus provides top of the line interest on balances ($500 last year ).

I was charged $50/- for a 50 page cheque book but if it is a small business 50 cheques last you long .

I do not need to visit my Branch on regular affairs ... All client deposits are cheque based which I mail to them and in case I need to issue cheques to CRA , I use the above cheques . I do not have pay roll .

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Fido.

Hi Fido:

Is that some special account? The one mentioned at SBI website is with a 2K min balance or $10 per month charge + $0.45 per transaction - which is another 5-8 $ a month. There is no interest specified either. Mailing charges of the deposits will be on top.

Thanks
H