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​Business Accounts

​Whether you make lots of transactions, do everything digitally, or work with U.S. dollars, we have a business account to suit you.

 

What type of business account do you need?

 
 

​Strictly Business Chequing 

At EKC, we believe banking for your business is about your needs, not ours. Our local focus and ‘can do’ approach ensure we have the flexibility to support businesses in our communities.

​B10
  • $11.50 monthly fee – waived if min. monthly balance >$5,000
  • 10 business* transactions included
​B20
  • $20.50 monthly fee – waived if min. monthly balance >$20,000
  • 20 business* transactions included
​B35
  • $30.50 monthly fee – waived if min. monthly balance >$30,000
  • 35 business* transactions included
​B50
  • $40.50 monthly fee – waived if min. monthly balance >$40,000
  • 50 business* transactions included
​B100
  • $70.50 monthly fee – waived if min. monthly balance >$75,000
  • 100 business* transactions included
​B200
  • $130.50 monthly fee – waived if min. monthly balance >$135,000
  • 200 business* transactions included

ElectroLink Business

Overview

For business members who prefer self-service transactions, the ElectroLink account provides an inexpensive alternative.

Key Features
  • $5 monthly fee – waived if min. monthly balance >$3,000 
  • FREE electronic** transactions 
  • FREE e-Transfers
  • 3 FREE cheques, deposits, withdrawals, or transfers in-branch per month
  • FREE online banking (bill payments, transfers, inquiries, and statements)
  • Overdraft available OAC
 

Business Savings

Overview

We can help your business save more, faster. We waive your account fees when a minimum monthly balance is maintained, and interest is paid monthly on closing daily balance. 

Available in Canadian or U.S. funds.

Key Features
  • $2.50 monthly fee – waived if min. monthly balance >$5,000
  • 2 business* transactions per month
  • FREE in-branch, mail, night, and auto deposits

Commercial Member Advantage

Overview

For those extra business savings you may need at a moment’s notice, we have a high-interest account that makes your money work as hard as you do, without penalty, when you need it.

Key Features
  • No monthly fee
  • 2 business* transactions per month
  • FREE in-branch, mail, night, and auto deposits
 

Service Plus Non-Profit

Overview

At EKC, we recognize that non-profit organizations are the heart and soul of our communities. This low-fee account ensures your funds will continue to be used for their intended purpose.

Key Features
  • $3.75 monthly fee – waived if min. monthly balance >$10,000
  • 10 business transactions* per month
  • FREE in-branch, mail, night, and auto deposits
 

U.S. Business Chequing

Overview

Doing business in U.S. funds? Our no-monthly-fee account is perfect for you! No wasted time or cost converting currency.

Key Features
  • No monthly fee
  • FREE deposits
  • $1.00 withdrawals and cheques

​For more information on other service fees, take a look at our Other Service Fees Brochure

* Business transactions include: cheques, in-branch withdrawals/transfers, Point of Sale debits, EKC and other Canadian Credit Union ATM withdrawals, e-Transfers, deposits in-branch/mail/night deposit, online/telephone/mobile banking transactions, pre-authorized withdrawals.
** Electronic transactions include: EKC ATM, OTHER Canadian C.U. ATMs, Direct payment (POS), auto debits, transfers (ATM and online banking).

 

​Need Help?

​Don’t hesitate to get in touch. Our team will be happy to help you find the right business account for your banking needs.

 

Why choose EKC?

  • Local financing decisions – The credit union associate who serves you represents you. When financing decisions are being made, you’ll find we have more local influence over these decisions.
  • Cutting red tape – It’s a fact of business that policies sometimes limit what you can do. So, here’s what we do better – we’ll be more accountable, we’ll do it personally, and we’ll never pass the buck. Sound fair?
  • ​Good judgment vs. formulas – The fact is formulas are used to calculate potential and assess risk. But formulas are only one measure. Your character, your business plan and track record are also considered.
  • Personal service vs. technology – We’re not against technology – quite the opposite. We use it to make personal service better. Online banking, ATM access and other advancements are always tailored to you, not the other way around.
 
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​Ways to bank

​We know running a business takes a lot of your time. So, we work hard to make managing your business finances easier, whether that be in-person, online or over the phone. 

 

​Find the right credit card for your business

​From low fee to no fee cash back, we have a full range of flexible commercial credit cards to suit your business. 

 

Helpful resources

​Writing a business plan

​Learn how to create your roadmap to business success. 

​Comparing cards

​Debit vs credit – how to maximize the benefits of both. 

​Foiling identity theft

​Learn strategies to protect your sensitive information online.

​Check out our Learning Centre

Get helpful tips, free resources and more!