Alterna Bank Small Business eChequing Account
Chequing
Description:
Alterna Bank introduces the Small Business eChequing Account, providing businesses with the convenience of day-to-day transactions and 24/7 digital access.
Comments on Funding:
This account offers the following features:
– no monthly fee,if you keep a minimum daily closing balance of $3,000 throughout the month ($5 Monthly fee if minimum balance is not maintained);
– free unlimited electronic debit and credit transactions;
– free incoming Interac e-Transfers®;
– 6 free Interac e-Transfer® Send or Request Money transactions per month.
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