Alterna Bank Small Business eChequing Account

Amount:

Type:

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.

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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