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US DOLLAR BUSINESS CHEQUING ACCOUNT

Get US cash, pay bills, write cheques or transfer money from Canada to the US

  • Low monthly account fee
  • Earn interest in US Dollars
  • Deposit and withdraw US funds without converting currencies

$6 USD /monthly fee

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Fees

Monthly fee

$6 USD

Free debit transactions

-

Additional fee

$1.25 USD

Minimum balance required

$0

Earn interest

View rate

Bill payments, ATM transactions and Interac® direct payments are not available with this account.

Transactions over what the monthly package allows, ATM transactions not via THE EXCHANGE® and ACCULINK® networks, and any additional banking services you use may incur a fee. View Business Service Fees to see our account & service fees.

Is US Dollar Chequing right for your business?

May be a good choice if you:

  • You don't want to worry about the exchange rate

May NOT be a good choice if you:

  • You need an account for everyday banking in currency other than US Dollars
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Banking and more

We'll make banking easy

Bank anytime

Manage your accounts anytime with secure business and commercial online banking.

Power your cash flow

From vendor payments to employee payroll, our payment solutions help you manage money more efficiently while integrating seamlessly with your banking.

Smart point-of-sale solutions

Make it easier for customers to pay you with our all-in-one payment system solutions

a true partner

Get personalized advice

By understanding what matters most to you, we deliver advice that’s tailored to help your small business flourish. Our expert team of Business Advisors can support you with specialized advice that your businesses need.

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Frequently asked questions

What are debit transactions?

Debit transactions involve money leaving your account, and they can include point-of-sale purchases with your debit card, outgoing Interac e-Transfer®, Interac e-Transfer® fulfil requests, outgoing Me-to-Me transfers, in-branch withdrawals, ATM withdrawals via THE EXCHANGE® & ACCULINK® networks, bill payments, cheque clearing, preauthorized debits (PADI) and more. Collabria credit card and CUMIS pre-authorized debits or bill payments are free using online banking services and mobile apps.

How is interest calculated on this account?

This account calculates interest based on the tier to which the entire daily closing balance corresponds. The interest calculates daily and is paid at month end. Interest rates and balance tiers are subject to change at any time without advance notice. Refer to bank account interest rates for our current rates.

For illustrative purposes only:

Tier 1$0 - $4,9991.50%
Tier 2$5,0001.60%


Daily Closing Balance = $5,100
This account will calculate interest based on an interest rate of 1.60% on the entire $5,100 closing balance.

Look into our other products

Savings

Open a savings account to grow your funds and move your business goals forward.

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Credit cards

Get a business credit card to manage expenses and fuel your business goals.

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We're here to assist you

Call us

1-888-597-8083

Monday to Friday: 8 AM - 8 PM
Saturday: 8:30 AM - 4 PM
Sunday: 11 AM - 3 PM

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Monday to Friday: 9 AM - 5 PM

  • Debit transactions involve money leaving your account, and they can include point-of-sale purchases with your debit card, outgoing Interac e-Transfer®, Interac e-Transfer® fulfil requests, outgoing Me-to-Me transfers, in-branch withdrawals, ATM withdrawals via THE EXCHANGE® & ACCULINK® networks, bill payments, cheque clearing, preauthorized debits (PADI) and more. Collabria credit card and CUMIS pre-authorized debits or bill payments are free using online banking services and mobile apps.

  • Product terms, features and fees are subject to change, and we will provide appropriate notice as applicable and as may be required. Debit transactions over what the monthly package allows and any additional banking services you use may incur a fee. View Business Service Fees to see our account & service fees.