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Business Accounts

Tiered Monthly Interest Rate   

Monthly fee of $42.00 & Maintenace Fee of $3.00

Unlimited Debit Items   

Tiered interest bearing chequing account                                                                                                                                 

Interest calculated on the minimum daily balance and paid monthly                                                                                       

Monthly statement provided                                                                                                                                                     

May be accessed by using cheques; MEMBER CARD® Debit Card via the ACCULINK®, Interac® and Cirrus® networks as well as through the automated funds transfers (AFT) system   

$15.00 Monthly Fee

35 Free Debits/Month

Monthly statements provided

May be accessed by using cheques; MEMBER CARD® Debit Card via the ACCULINK®, Interac® and Cirrus® networks as well as through the automated funds transfers (AFT) system   

$35.00 Monthly Fee

Unlimited Debits

Monthly statements provided

May be accessed by using cheques; MEMBER CARD® Debit Card via the ACCULINK®, Interac® and Cirrus® networks as well as through the automated funds transfers (AFT) system   

No Monthly Fee

Unlimited Debit Items

Monthly statements provided

May be accessed by using cheques; MEMBER CARD® Debit Card via the ACCULINK®, Interac® and Cirrus® networks as well as through the automated funds transfers (AFT) system   

Monthly fee is transaction based

No Free Debits

Interest calculated on minimum daily balance and paid monthly                                                                             

Monthly statement provided

May be accessed by using MEMBER CARD® Debit Card via the ACCULINK®, Interac® and Cirrus® automated teller networks as well as through the automated funds transfers (AFT) system

No chequing privileges

Tiered Monthly Interest Rate

1 Free Debit / Month; $5.00 for every transaction thereafter

Interest calculated on the daily closing balance and paid monthly

Monthly statement provided

No chequing privileges

 

Introducing
MemberDirect® Small Business Online Banking

 

     
MDSB is a smart, simple and stress-free financial option for business and organization online banking.  

Key Product features

Small Business Online Banking includes a range of features that make it a smart, simple, and stress-free financial option.

  • Account consolidation
    Signers can group up to three personal and small business accounts together to view account balances and conduct transactions between accounts using a single login.
  • Multiple user support
    You can add up to three delegate users. Profiles for delegates allow you to assign view only and initiator rights functions. Initiator rights allow a delegate to initiate transactions for the account signer(s) to approve, either online or via a smartphone or tablet.
  • Dual signature support
    With dual signature support, one signer can initiate a transaction and have another signer approve or decline a submitted transaction.
  • Mobile access
    You can view your accounts, make bill payments, transfers – including an Interac® e-Transfer – and deposit cheques on-the-go. Additionally, the Transaction Manager feature allows you to view, approve or reject tasks initiated by dual signers or delegates right from your mobile device.
  • Deposit Anywhere™
    Remotely deposit a cheque using your mobile device, from anywhere, day or night.
  • Online Banking Alerts
    Sign up to receive email and/or text alerts each time:
    A delegate or another signer on the account initiates a transaction requiring approval
    A transaction requiring approval is about to expire
  • Interac® e-Transfer with Support for Dual Signers
    Small Business Online Banking offers Interac® e-Transfer functionality, with the addition of dual signature support if you are accustomed to dual signer controls for your transactions.

 Learn more by reading our User Guide

 

Frequently Asked Questions

A delegate is someone such as an employee, bookkeeper or family member that you have granted permission to have access to your online business accounts.
When you create a delegate, you can specify which membership the delegate can access.  In Small Business Online Banking, you can allow the delegate to view your business membership but not your personal membership.
If you are a signer for an account, you can use the Transaction Manager feature with your mobile banking app or mobile web browser to review, approve or reject pending payments and transfers.
Account consolidation allows you to see all your business and personal membership accounts using a single login.
Consolidated accounts are only visible to the signer who combines them and to authoirzed delegates.
While your account and transaction information will be accessible via one login, the following services will only be accessible from the accounts you originally set them up in: e-Statements, e-Documents, Canadian Revenue Agency (CRA) information and any personal messages we have sent to your account.
Signers can see accounts visa the mobile web and mobile app.  Delegates can only access account information through our full online banking site.
If you require two people to approve payments and transfers, the dual signature feature enables one signer to initiate the transaction and another signer to approve or reject it.
You can choose to have up to three signers for one account, including yourself.  Our dual signature feature allows any two of the assigned signhers to act as dual signers for any single transaction.