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Business Banking
Solutions Built for You

For Sole Proprietors, Partnerships, and Corporations

In Canada, regulations require that we obtain specific information and documents before opening or updating an account.  Please note that additional information and/or documents may be requested.  Please refer the to link below for requirements. 

What is required to open a Business Account with KCCU?

Overview of Business Accounts

KCCU Business Accounts

Start Up Business Chequing $25/Month

Business banking for occasional use 

$25 Minimum Monthly Fee which includes:

  • 30 debit or credit (full or self serve) transactions per month; $1.00 per transaction thereafter
  • If minimum monthly balance of $25,000 is maintained throughout the month, $25 monthly fee will be waived
  • Unlimited incoming Interac e-Transfers® within Canada
  • 10 outgoing Interac e-Transfers® per month via MemberDirect®; $2.00 per e-transfer thereafter
  • Deposit Content Fee includes deposit of 30 cheques & $2,000 in cash; thereafter additional costs are:
    • $2.25 per $1,000 cash
    • $2.25 per $100 coin
    • $0.25 per deposited cheque
  • Monthly e-statement available
  • Non-interest-bearing account
  • Business cheques available at cost to member

 

Additional Service Fees

  • Assisted bill payment – $2 per bill payment 
  • Sundry Items – applicable sundry charge plus transaction
  • Statement or account information – $4 per item
  • Signing authority changes – 1 free change per year; $25 per additional change

For detailed listing of service fees, please refer to our Schedule of Fees

Advanced Business Chequing $45/Month

Business banking for moderate use 

$45 Minimum Monthly Fee which includes:

  • 75 debit or credit (full or self serve) transactions per month; $1.00 per transaction thereafter
  • If minimum monthly balance of $35,000 is maintained throughout the month, $45 monthly fee will be waived
  • Unlimited incoming Interac e-Transfers® within Canada
  • 15 outgoing Interac e-Transfers® per month via MemberDirect®; $2.00 per e-transfer thereafter
  • Deposit Content Fee includes deposit of 60 cheques & $5,000 in cash; thereafter additional costs are:
    • $2.25 per $1,000 cash
    • $2.25 per $100 coin
    • $0.25 per deposited cheque
  • Monthly e-statement available
  • Non-interest-bearing account
  • Business cheques available at cost to member

 

Additional Service Fees

  • Assisted bill payment – $2 per bill payment
  • Sundry Items – applicable sundry charge plus transaction
  • Statement or account information – $4 per item
  • Signing authority changes – 1 free change per year; $25 per additional change

For detailed listing of service fees, please refer to our Schedule of Fees

Deluxe Business Chequing $75/Month

Business banking for frequent use 

$75 Minimum Monthly Fee which includes:

  • 120 debit or credit (full or self serve) transactions per month; $1.00 per transaction thereafter
  • If minimum monthly balance of $45,000 is maintained throughout the month, $75 monthly fee will be waived
  • Unlimited incoming Interac e-Transfers® within Canada
  • 15 outgoing Interac e-Transfers® per month via MemberDirect®; $2.00 per e-transfer thereafter
  • Deposit Content Fee includes deposit of 80 cheques & $5,000 in cash; thereafter additional costs are:
    • $2.25 per $1,000 cash
    • $2.25 per $100 coin
    • $0.25 per deposited cheque
  • Monthly e-statement available
  • Non-interest-bearing account
  • Business cheques available at cost to member

 

Additional Service Fees

  • Assisted bill payment – $2 per bill payment
  • Sundry Items – applicable sundry charge plus transaction
  • Statement or account information – $4 per item
  • Signing authority changes – 1 free change per year; $25 per additional change

For detailed listing of service fees, please refer to our Schedule of Fees

Platinum Business Chequing $110/Month

Business banking for maximum use 

$110 Minimum Monthly Fee which includes:

  • Unlimited debit or credit (full or self serve) transactions per month
  • If minimum monthly balance of $65,000 is maintained throughout the month, $110 monthly fee will be waived
  • Unlimited incoming and outgoing Interac e-Transfers® within Canada per month via MemberDirect®
  • Deposit Content Fee includes deposit of 100 cheques & $20,000 in cash; thereafter additional costs are:
    • $2.25 per $1,000 cash
    • $2.25 per $100 coin
    • $0.25 per deposited cheque
  • Monthly e-statement available
  • Non-interest-bearing account
  • Business cheques available at cost to member

 

Additional Service Fees

  • Assisted bill payment – $2 per bill payment
  • Sundry Items – applicable sundry charge plus transaction
  • Statement or account information – $4 per item
  • Signing authority changes – 1 free change per year; $25 per additional change

For detailed listing of service fees, please refer to our Schedule of Fees

E-Business Chequing $10/month

Business chequing account for self serve use

$10 Minimum Monthly Fee which includes:

  • Unlimited self serve* debit or credit transactions made via MemberDirect® Small Business including:
    • unlimited electronic and pre-authorized debits and credits
    • unlimited incoming Interac e-Transfers® within Canada 
    • unlimited cleared cheques
    • unlimited point of sale debit transactions in Canada (if applicable)
  • 8 outgoing Interac e-Transfers® per month via MemberDirect®; $2.00 per e-transfer thereafter
  • No minimum monthly balance required
  • Deposit content fees:
    • $3.00 per $1,000 cash
    • $3.00 per $100 coin
    • $0.25 per deposited cheque
  • Monthly e-statement
  • Non-interest-bearing account
  • Business cheques available at cost to member
  • Overdraft protection available with a KCCU Line of Credit (oac)

Additional Service Fees

  • Assisted transactions  – $3 per transaction
  • Assisted bill payment – $2 bill payment fee plus $3 assisted transaction fee
  • Sundry Items – applicable sundry charge plus $3 assisted transaction fee
  • Statement or account information – $4 per item
  • Signing authority changes – 1 free change per year; $25 per additional change

For detailed listing of service fees, please refer to our Schedule of Fees

Saving and Investment Solutions

We offer saving and investment services for your business or community account.  From high interest savings accounts to reserve funds, we have solutions for your business needs. 

Learn More

 

Have questions?  Want to discuss business account and service options?  

Our business team can help! 

Contact us today for more information 

Account Services

Ways to Bank

Credit Card

Help & Support

Appointment

Business Accounts – Terms and Conditions

® MEMBERDIRECT and MEMBERDIRECT Design are registered trade-marks, MEMBER CARD and MEMBER CARD & Design are registered certification marks owned by Canadian Credit Union Association, used under license. 

At Kingston Community Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through FSRA.

Learn more about deposit insurance here

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A third party is an individual or entity, other than the account holder or those authorized to give instructions about the account, who directs what happens with the account. For example, if an account were opened in one individual’s name for deposits that are directed by someone else, the other person or entity would be a third party.

  • A secondary piece of identification from the primary list above
  • Canadian Birth Certificate
  • Credit Card bearing the name and signature of the individual which has issued by a well-known and reputable Canadian financial institution
  • A CNIB (Canadian Institute for the Blind) client card bearing the individual’s photo and signature
  • Provincial Outdoors Card
  • Canadian University or College Student Card with photo (for student identification only)
  • An employee identification card (with photo) issued by an employer that is well known in the community (i.e. KGH, DND, Queens University, Corrections Canada, etc.)
  • Foreign passport
  • Canadian Passport
  • Permanent resident card
  • Citizenship card (issued prior to 2012)
  • Secure Certificate of Indian Status issued by the Government of Canada
  • Driver’s licenses issued by province or territory
  • The DND (Department of National Defense) 404 driver’s license
  • Nexus Card issued by Canada Border Services Agency
  • Provincial Service Cards
  • Provincial or territorial identity cards (i.e. Ontario Photo Identification Card)
  • Foreign Passport (only if it is equivalent to a Canadian issued photo identification document)