Bussiness Banking

[Trusted]

A company which will only pay to a business for the work I do. What is the best place for business checking? CIBC's is $6 if there is 1 or more transactions. TD's minimal requirement is 8000. BMO is like 0.8 per transaction, which is really nice if there is no monthly fee.

I did not see any price info on HSBC.

 

[allhelp]

BMO used to have a plan for newly registered business (within 90 days) to waive monthly charge for 3 months. I used to use TD. There was no min requirement at that time.

 

[不错]

It only pays to a business or to a business bank account?

 

[Trusted]

I found the info on HSBC. HSBC is soooooooo cool. NO fee for business accounts, but only allow 2 withdraws per month, which is eough for me. Deposits are always free.

Small banks rock!!

 

[Trusted]

最初由 不错 发布
It only pays to a business or to a business bank account?

Yes. paying to business can be deducted as FEE.
paying to a person can must be reported under employment or service provided.