Canadian Western Bank (CWB) CWB Business Advantage Account

Amount:

Type:

Chequing

Description:

The CWB Business Advantage Account™ allows businesses to easily manage their banking online, offering unlimited electronic transactions. Additionally, businesses receive the benefit of 60 free paper transactions at any Canadian Western Bank banking centre.

Comments on Funding:

This account offers the following features, and benefits:
– $35 minimum monthly fee;
– Minimum balance to waive monthly fee: $50,000;
– Electronic transactions: Unlimited;
– Paper transactions: 60 per month;
– Outgoing Interac e-Transfer® transactions: Free.

Product Benefits:
– Access your account wherever, whenever;
– Unlimited electronic transactions;
– Free INTERAC e-Transfer® transactions.

Deadline:

Continuous Intake

Eligibility:

Applicants must be businesses with high online transaction volumes.

Application Steps:

Applicants must connect with the Relationship Manager using the bank’s online contact form.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

1. Electronic transactions include: online bill payments and transfers, Automated Teller Machine (ATM) transactions, Interac Direct Purchase payments, electronic funds transfers, direct deposits, automatic payments, and other electronic debits and credits. For fee schedules for Cash Management Services, please contact your Relationship Manager or local CWB banking centre.
2. Paper transactions include: cheque deposits, cheque withdrawals, in-branch deposits, withdrawals, bill payments and branch assisted transactions.

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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