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Nitol
Nov 6th, 2008, 03:45 PM
I need to open a new business account.My whole business has ONE real customer which will electronically deposit money into my account on bi-weekly basis.
I've registered the business as a corporation and need to pay myself a salary and pay business expenses out of this account.
What's the best account available right now(GTA)?
CIBC pay as you go plan is $5 monthly and each additional transaction $0.80.

Islington
Nov 8th, 2008, 07:09 PM
I need to open a new business account.My whole business has ONE real customer which will electronically deposit money into my account on bi-weekly basis.
I've registered the business as a corporation and need to pay myself a salary and pay business expenses out of this account.
What's the best account available right now(GTA)?

The Buduchnist Credit Union (http://www.buduchnist.com/business/accounts.html) offers a current account with free chequing. They're a closed bond ethnic credit union; but check with them to see if they'll open an account for you, even if you are not part of Toronto's Ukrainian community.

Expect to invest $100 in member shares which will be refunded when you close your account.