Alterna Bank Business Basic
Chequing
Description:
Alterna Bank’s Business Basic is tailored for low-volume users, offering a suitable banking solution for businesses with minimal transaction needs.
Comments on Funding:
This account offers the following:
– Monthly fee: $10;
– Monthly day-to-day transactions: 15, including:
a) Deposits;
b) Cheques;
c) Pre-Authorized payments;
d) Debit card payments (point of sale);
e) Alterna, ACCULINK® and THE EXCHANGE® Network ATM
withdrawals and transfers;
f) Withdrawals (In-branch, Online, Mobile and Telephone banking);
g) Bill payments (In-branch, Online, Mobile and Telephone banking);
h) Transfers (In-branch, Online, Mobile and Telephone banking).
Continuous Intake
Eligibility:
Applicants must be companies registered and operated within Canada, including:
1. Sole Proprietorship;
2. Partnership;
3. Corporation.
4. This is not available to Quebec companies.
Application Steps:
Applicants must apply online.
Documentation Needed:
Applicants must provide the following:
1. Master business license number and expiry date;
2. Corporation number (if applicable);
3. CRA business number;
4. Tax jurisdiction details;
5. Co-owner information (if applicable);
6. Other needed requirements per business structure.
Other Things to Note:
About the author
Maurice