Island Savings

Unlimited Chequing for Business®

This account is for you if:

  • you want one flat low monthly fee.
  • you find the term unlimited appealing.
  • you'd rather spend your hard-earned money on other things.
    Like growing your business.

$20 monthly
account fee

Free business
deposits

Overview

Account Details

  • Unlimited deposits
  • Unlimited in-branch withdrawals
  • Unlimited THE EXCHANGE® and ACCULINK® ATM withdrawals
  • Unlimited electronic & in-branch transfers
  • Unlimited cheque clearing
  • Unlimited in-branch & electronic bill payments
  • Unlimited pre-authorized payments
  • Unlimited Interac® direct payments
  • FREE monthly eStatement and cheque images
  • Overdraft protection available O.A.C.
  • Rest easy knowing that your deposits are 100% guaranteed†

Plus, you can access and manage your business accounts 24/7 with our Business Online Banking services—use Business Online Banking (BOB) if you need a robust online banking service or use Entrepreneurial Business Online Banking (EBOB) for your day-to-day banking transactions.

 

® Trade-Mark of Interac Inc. Used under licence

†The Credit Union Deposit Insurance Corporation of British Columbia, a statutory corporation, fully guarantees all BC credit union deposits. Credit Union equity shares and investments such as mutual funds or RSP equity plans are not covered by deposit insurance.

Fees

Monthly Fee
$20
Interest
No interest paid for this account
Additional
Transaction
Fees
Send Interac® e-Transfer $1.00
Send Me-to-Me transfer $1.00
Send My Business-to- My Business transfer $1.00
Interac® ATM withdrawal $2.00
International ATM withdrawal $3.00

What You'll Need

Account Opening Checklist

Depending on what type of business you have, you'll need to bring the items checked off in the table below.

 Sole OwnershipPartnershipCorporation
Two pieces of ID*

Trade/Business Name Registration
(if applicable)

Partnership Agreement**

Certificate of Incorporation /
Notice of Articles /
Articles of Incorporation /
Share Registry

*Valid identification (one with photo) must be provided for each signor
**Partnership agreement or similar confirmation of the existence of the business

 

If you have a different type of business than the options we've mentioned above, that's fine. We can open an account for any type of business—just contact us to find out what you'll need to bring to open your account.

 

Ready to apply? Opening an account with us is easy!

Online

Apply for a new business account online in four easy steps—our approval process is quick and simple.

In Person

If you're more comfortable coming in to see us, we'd be happy to assist you in person.

By Phone

If you’d like to call us, here is a complete list of our branch numbers.