Best Business Chequing Accounts in Canada - November 2026

With the Scotiabank Select Account for business, choose from four plans to suit your needs. And switch easily between them.

• Plan A: $20 per month, up to 25 transactions and 50 deposit items
• Plan B: $40 per month, up to 70 transactions and 60 deposit items
• Plan C: $75 per month, up to 125 transactions and 85 deposit items
• Plan D: $120 per month, unlimited transactions and deposit items

Plus, with Plans A, B and C, send up to 20 Interac e-Transfers per month free of charge.

The Scotiabank Right Size Account for Business is designed on a pay-as-you-go basis. The basic fee is $6 per month, plus a per-transaction fee that decreases with volume:

• 1-15 transactions: $1.25 per transaction
• 16-50 transactions: $1.15 per transaction
• 51 transactions and more: $1.00 per transaction

Discover the RBC Ultimate Business Account Package: the perfect banking solution for businesses.

This banking package could be perfect for you if:

• You have medium to high transaction volumes
• Your banking needs are diverse, with a mix of paper and electronic activity
• You don’t want to worry about transaction or deposit limits

The $100 monthly fee is waived with a minimum daily balance of $75,000. This business account package offers unlimited electronic transactions for smooth, efficient banking. You can also take advantage of unlimited electronic cheque deposits and unlimited Moneris deposits.

Additionally, you can enjoy exclusive savings at Petro-Canada by linking your eligible RBC business card to your Petro-Canada card.

Wealthsimple Business Chequing Account has no monthly fee. Your balance earns 1.25% to 2.25% depending on your total assets with Wealthsimple (2.25% from $500,000). The account is reserved for Canadian-controlled private corporations (CCPCs) and charities or associations registered with the CRA.

The RBC Flex Choice Business Account is for businesses that keep one foot in digital banking and one foot in the branch.

At $7 a month the fixed fee stays low, and everything else is pay-per-use. No transaction cap, no minimum: you pay $0.75 per electronic deposit and $1.25 per paper transaction. Items deposited and Moneris deposits stay unlimited.

Transactions made through RBC Online Banking, the mobile app or RBC ATMs cost 40% less. This is the package to look at if your business runs 5 to 75 paper transactions a month, the range where unlimited-transaction packages often end up costing more.

Discover RBC Digital Choice Business Account Package : the perfect solution for small businesses.

At only $6 per month, it is one of the most affordable business banking plans in Canada. This business account package offers unlimited electronic transactions for smooth, efficient banking. You can also take advantage of unlimited electronic cheque deposits and unlimited Moneris deposits. And you can offer your customers the convenience of card payments.

Plus, you can enjoy exclusive savings at Petro-Canada by linking your eligible RBC business card to your Petro-Canada card.