Business Cheque Accounts

Business Cheque Accounts

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The safe alternative for transferring cash for your business needs.

  • Funds available on demand
  • Loans up to the full balance of the account
  • Can consider interest if there are good and consistent Credit Balances in the accounts in terms of consistency depositing of proceeds from Business to the accounts. Interest to be paid quarterly.
Business Cheque Accounts
Cheque accounts
Minimum Balance requirementNA
Service FeeNIL
Maintenance Fee$10 per month
Over the counter withdrawal feeNIL
Transaction FeeFirst 50 transactions free of charge, then $0.20 per transaction thereafter per month
Dormant Account Fee$2.00 monthly charge when account is inactive over 1 year until account become NIL balance or become active again.
Account Overdrawn Fee$15.00 charged on day of excess monthly until account in order
Automatic Deduction$1.50 per transaction
Minimum deposit to open account$500 minimum

 

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