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US DOLLAR BUSINESS CHEQUING ACCOUNT


 

Is this chequing account right for you?

 Right for you if:

  • You don't want to worry about the exchange rate

 It might not be right for you if:

  • You need an account for everyday banking in currency other than U.S. Dollars

 

US Dollar Business Chequing Account Details

$6 USD monthly fee

Interest rate

$0 - $4,999 balance will earn 0.00%*
$5,000 - $9,999 balance will earn 0.01%*
$10,000 - $24,999 balance will earn 0.01%*
$25,000 - $49,999 balance will earn 0.01%*
$50,000+ balances will earn 0.01%*

Electronic transfers between your Island Savings accounts are free & unlimited. No other transactions are included in the monthly package. Bill payments, ATM transactions and Interac® transactions are not available with this account. Free monthly eStatement available in online banking.

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.
 

Tiered interest rate based on the portion of the balance within each tier. Interest is expressed as an annual rate and calculated in US dollars on the applicable portion of the closing daily balance in the account and paid monthly. Refer to islandsavings.ca/tools-calculators/rates for our current rates.

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.

*The interest rate is subject to change without notice at any time.