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Just got inc. Which business account you suggest?
July 16, 2016
6:14 am
Max
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Forum Posts: 208
Member Since:
November 26, 2008
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Just got incorporated and I was hesitating with Desjardins with whom I have had my savings account with service charges waived and now I'm currently using Disnat for stock exchange but I am hiring a financial advisor referred by friends which is following 12-15 performant companies stocks and assisting to the financial board and results and he is working with National Bank Financial.

I was hesitating between opening my business account with Desjardins which already holds my personnal account so the transfers would be easy between my business and personnal account when time comes for the salary or going with National Bank with easier transfers between my business account and the account for investments.

Does anyone here have compared the different fees on business accounts out there and know if there is a big difference?

As usual, I went on their website and the fees explanation are not crystal clear...
And it's going to be barely 5-10 transactions per month...

https://www.desjardins.com/ca/business/member-advantages/privileges/advantages/index.jsp?navigMW=mm&

DESJARDINS WELCOME KIT: GREAT SAVINGS FOR NEW BUSINESS MEMBERS

Combine a transactional package to a Business Freedom Solutions package to benefit from the Welcome Kit, which gives you access to a range of cashback offers and discounts: $75 or $125 cashback on your account
$50 credit on account opening fees for Monetico payment solutions
8% discount on a new commercial vehicle insurance premium from Desjardins Insurance Business.
Up to a $250 credit on the enrollment fees for Desjardins HR and payroll services
Complimentary AccèsD Affaire Intermediate Offer: a savings of $9.95 a month.

New business members can benefit from this member advantage up to 6 months after opening their account.

https://www.nbc.ca/en/business/banking/accounts-and-packages/packages-for-businesses.html

Take advantage of a number of other benefits when you sign up for one of the packages
A monthly subscription to Internet Banking Solutions- Businesses1,2
A Business Client Card3
An overdraft protection with no transfer fees when the Bank initiates a cash advance from your MasterCard Business Card, Platinum MasterCard Business card or MasterCard Business Line
A Direct Deposit software
The use of Sage One Accounting Standard4 software, available through the Internet Banking Solutions – Businesses1 website, at no cost for 1 year (96$ value).
No charges on your file activation for one of the following payroll solutions:Telephone Payroll
Nethris®5 Internet Suite

A 50% discount on the activation of your file on your Small Business Package5
Access to your account statements and cheque image remittance documents via our Internet Banking Solutions for businesses.

Thanks for the help

Max

The day you become free is the day you work for fun.

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