B2B Bank Chequing Account

It's time for your clients to stop paying a monthly account fee1 and start earning interest on their daily balance with the B2B Bank Chequing Account.

Benefits

Saves money

  • No monthly account fee1
  • No minimum balance required

Rewarding

Clients earn interest on their daily account balances

Convenient

An easy to manage online banking experience

Interest rates

Current interest rates2 - as of January 18, 2019

ACCOUNT BALANCE INTEREST RATE
$0 - $49,999.99 0.15%
$50,000.00 - $99,999.99  0.55%
$100,000.00+ 0.65%

Rates as of January 18, 2019. All rates are subject to change at any time without prior notice. The applicable tier rate is paid on every dollar in the account. Interest rates are per annum. Interest is calculated daily on the closing balance and paid monthly on the last day of the month into the account.

Features

Now your clients can do more with a B2B Bank Chequing Account.

Account features

  • Deposits and withdrawals
  • Bill payments
  • Transfer money

INTERAC®†
e-Transfer

INTERAC®† e-Transfer makes it easy. Send money to anyone with an email address for just $1.00. Receive money to your B2B Bank Chequing Account for free.

THE EXCHANGE® Network

Access to over 3,500
surcharge-free ATMs in every province and territory in Canada.

Fee schedule

Effective March 22, 2019

Daily banking fees

 
Monthly account fee Free
Cheque clearing Free
Electronic fund transfers Free
Transfers between B2B Bank accounts Free
Pre-authorized deposits Free
Bill payments Free
INTERAC®† Debit3        Free
   

ATM access fees3

 
THE EXCHANGE®† Network ATMs  Free
Accel®† debit payments network ATMs (U.S. only)    Free3,4
INTERAC®† Network ATMs  $1.503
PLUS* Network ATMs (outside Canada)  $4.00 plus a 2.5%
foreign currency conversion fee3,5
   

Other fees

 
Send an INTERAC e-Transfer®†    $1.00
Cheque supplies                        Third party supplier fees apply.
Fees vary by quantity and style.
Stop payment with complete details  $12.50
Stop payment with partial details  $20.00
Bank draft $10.00
Early closure fee (within 90 days of opening) $25.00
Non-sufficient funds (NSF) $50.00
Returned items $5.00
Overdrawn interest rate 21% per annum6
   

Dormant annual account fees7

 
2 year to 9 year $25.00 per year
10 year $40.00
   

Record keeping

 
Monthly online statement Free
Monthly paper statement Free

 

Business development

Find the Business Development Manager in your area.

Enter the first three digits of your postal code and click FIND.

Find the Mortgage Broker Support Manager in your area.

Enter the first three digits of your postal code and click FIND.

New to B2B Bank?

We work with various financial professionals and are looking forward to doing business with you too.

Contact a Business Development Manager to get started or view our workflows to learn about how to submit your business to us.


Other fees may apply. Please see fee schedule for further details.
B2B Bank Chequing Account rates as of January 18, 2019. All rates are subject to change at any time without prior notice. The applicable tier rate is paid on every dollar in the account. Interest rates are per annum. Interest is calculated daily on the closing balance and paid monthly on the last day of the month into the account.
Certain ATM operators, financial institutions and merchants may charge a convenience fee or a surcharge fee when using the INTERAC, PLUS, Accel or any other network other than THE EXCHANGE Network. These fees are not B2B Bank fees.
4 Foreign currency transactions made by debit card and any fees charged by the ATM provider are converted to Canadian dollars at the exchange rate set by FICANEX Services Limited Partnership and Fiserv EFT in effect on the date the transaction is processed. Any fee charged by the ATM or network operator after conversion to Canadian dollars will then be added. Since exchange rates fluctuate, the exchange rate applied to your account will usually differ from the exchange rate at the time of the transaction.
5Foreign currency transactions made by debit card and any fees charged by the ATM provider are converted to Canadian dollars at an exchange rate set by Visa International in effect on the date the transaction is processed. A fee of 2.5% of the transaction amount after conversion will be added, plus any fee charged by the ATM or network operator after conversion to Canadian dollars. Since exchange rates fluctuate, the exchange rate applied to your account will usually differ from the exchange rate at the time of the transaction.
6Interest is calculated daily on the closing overdrawn balance and charged monthly. Each month you will deposit an amount that will cover the monthly overdrawn interest.
7 Inactive account notices will be sent at two, five and nine years of inactivity. If inactive notice is acknowledged within 60 days, there is no charge. If the balance of the dormant account is less than the fee to be collected, the charges correspond to the remaining balance.

 

B2B Bank is a wholly-owned subsidiary of Laurentian Bank of Canada. All fees are subject to applicable federal and provincial taxes when applicable and may change without prior notice.
 
®B2B BANK is a registered trademark of B2B Bank.
*PLUS is a trademark of Visa. Visa Int., used under license.
®†INTERAC, INTERAC e-Transfer and INTERAC Debit are registered trademarks of Interac Inc., used under license.
®†THE EXCHANGE is a registered trademark of Fiserv, Inc., licensed for use in Canada by FICANEX Services Limited Partnership.
®†Accel is a registered trademark of Fiserv, Inc. or its affiliates.