First Nations Bank of Canada Business Chequing Plan B
Chequing
Description:
In the case of Business Chequing Plan B from the First Nations Bank of Canada, the monthly plan fee is $39.95, covering 50 transactions. Businesses can benefit from a rebate of the monthly plan fee with a minimum monthly balance of $40,000.
Comments on Funding:
This account has the following features:
– Monthly Plan Fee: $39.95;
– Monthly Number of Transactions Included: 50;
– Available in Canadian and U.S. dollars;
– Rebate of Monthly Plan Fee with a Minimum Monthly Balance of: $40,000.
Transactions:
– In-branch withdrawals, transfers, bill payments and deposits, including night deposits;
– Online Banking transfers and bill payments;
– First Nations Bank ATM withdrawals, transfers, bill payments, and deposits;
– Interac® Debit;
– Debit payment purchases in the United States;
– Cheques, pre-authorized payments, and automated transfers.
No-Charge Transactions:
– ATMs and Online Banking electronic inquiries;
– Online Banking, View Cheque Service.
Continuous Intake
Eligibility:
Indigenous and Non-Indigenous businesses throughout Canada.
Application Steps:
For details regarding their website or products and services, please contact the bank at 1-888-454-3622.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
1. Additional fee of $1.25 per transaction if number of transactions included in the plan is exceeded.
2. Minimum daily closing balance required to rebate monthly plan fee. Minimum monthly balance must be maintained throughout the entire month to qualify for fee rebate.
About the author
Maurice
