Finally! One of our banks has come up with a business bank account that has no monthly fee!
The HSBC Business Direct Account may be just the business bank account you're looking for if your Canadian small business doesn't have a high volume of banking transactions and you have Internet access.
As you see in the page linked above, the HSBC Business Direct Account features include:
- Unlimited free Business Internet Banking, ATM and Business Telephone Banking, including free transfers, bill payments and electronic deposits and withdrawals
- 20 free cheques deposited per month
- Write up to 20 cheques free per month
There are charges, of course, for services above what the account offers, but still, a business bank account with no monthly fee is something a lot of us have been looking for for a long time.
More on Getting a Business Bank Account
- Do You Need a Business Bank Account?
- 7 Ways to Make Record Management Easy
- Poll:Which Bank Offers the Best Business Bank Account?
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Service is via telephone only from their Vancouver centre, and they are seldom available live to talk. the funds from any USD cheque deposited are held for 30 BUSINESS days before they are available to you. Otherwise works well.