Alterna Bank Business Basic

Amount:

Type:

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).

Deadline:

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:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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