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Get the basics for business banking for just $7 a month.


Is this chequing account right for you?

 Right for you if:

  • You are looking for an unlimited self-serve account
  • You want to pay less on day-to-day banking fees

 It might not be right for you if:

  • You are looking for an account that pays interest
  • You are looking to make purchases in U.S. Dollars

BizSimple® Low Fee Chequing Account Details

$7 monthly fee

Included transactions:

  • unlimited electronic bill payments
  • unlimited electronic transfers between your Island Savings accounts

Free monthly eStatement available in online banking.

No interest paid on this account.

Additional fees

Transactions over what the monthly package allows and any additional banking services you use may incur a fee. View Business Service Fees to see our account & service fees.

View Account Terms and Conditions:

Business Member Application—Unincorporated Association (PDF) 
Business Member Application—Sole Ownership, Partnership, Corporation (PDF)
Business Member Application—Joint Venture (PDF)​ 
Business Trust Account Application (PDF)

Included with all business accounts

image of monitor with a padlock on it implying secure access

Pay your bills, check your balance, transfer money and more—anytime and from anywhere.

an incomplete circle with an arrow point surrounding the letters 24/7 implying uninterrupted access

Stay informed on account activity with instant account alerts.


From November 1, 2021, to November 21, 2021, the members of First West Credit Union voted on special resolutions that, among other things, authorize First West to apply to become a federal credit union under the Bank Act. If First West becomes a federal credit union, it will automatically become a member of the Canada Deposit Insurance Corporation (CDIC) and Credit Union Deposit Insurance Corporation of British Columbia deposit insurance will no longer apply. See attached Notice for further detail on what this change means to your deposits with First West.

Not sure if this account is right for you?

We can help. Visit a branch or call us at 1-888-597-1083, and let's find the right solution together.