Rules
Business Checking Account ChexSystems Screening Scenarios
Business checking account ChexSystems screening can involve an owner's deposit history. This article describes application scenarios and later checks.
Desk
Standards Desk
Requirements, terms and the paperwork that decides whether the work stands up.
Rules
What CDIC covers in a Canadian business account, and what it leaves exposed?
CDIC business account coverage: the $100,000 per depositor limit, how eligible accounts are separated, and why trust, joint and corporate accounts differ.
Rules
OSFI FCAC account closure rules: what banks must do
OSFI FCAC account closure rules: OSFI guidelines, Bank Act disclosure, FCAC complaint steps and OBSI escalation for business accounts.
Rules
CRA GST HST business account: number and bank documents
A CRA GST HST business account uses a defined number format. Learn how to confirm the number with the CRA and what business records banks may request.
Rules
How a federally incorporated company opens an account under FinTRAC rules
FINTRAC business account opening for a federally incorporated company turns on identity checks, beneficial ownership proof and the significant control register.
Features
Major money transfer rails compared on the same seven stages
This guide compares major money transfer rails across the same seven stages, from initiation to reversal, and which stage decides which payment.
Industry
Cash Management Mistakes on the Path of One Payment
Cash management mistakes can be traced along one customer payment, from the invoice to deposit holds, reconciliation, approvals and the reserve.
Industry
Six questions worth asking any payment accounts provider
Six questions to ask any payment accounts provider, covering custody, settlement, holds, disputes, data and exit, with what a bad answer sounds like.
Reviews
How to compare high-yield business accounts beyond rates
A framework for assessing high-yield business accounts by structure, conditions, access, fees and deposit ownership—not a snapshot of rates.
Costs
Realized yield on a business account: why average balance misleads
How to compute realized yield from a completed statement period, net of charges and qualifying balance, and why average balance inputs make comparisons unreliable.
Rules
Business shapes that decide whether branchless banking works for you
Five online business banks patterns by business shape, showing where a branchless setup works, where it breaks, and the arrangement people settle on.
Reviews
Credit unions mistakes that start as assumptions from banking
Nine credit unions mistakes, each one an assumption carried over from personal banking or from a bank, with the question that settles it in advance.
Features
What makes a banking fees schedule actually trustworthy?
How to judge banking fees yourself: the four properties of a good fee schedule, and why no ranking can order accounts without assuming your activity.
Industry
Five invented business account opening cases and the knowable fact behind each
Five invented business account opening cases show where structure meets friction and which knowable fact should have been checked before applying.
Maintenance
Account opening comparison: Four routes compared on risk
This account opening comparison weighs branch, remote, intermediary, and credit union routes by deposit holder, insurance, escalation, and access risk.
Rules
An account opening checklist built for real conditions
A business account opening checklist ordered by dependency, from the two steps that wait on other people to proving the account works after approval.
Reviews
How to calculate banking fees without a calculator, using two example schedules
No calculator is provided. It names the five shapes a bank fee line can take, applies two invented schedules to three invented months, and finds break-even points.
Costs
Banking fees for a business account: the six documents to request first
A checklist for business account pricing: the fee schedule, agreement, twelve months of statements, your activity count, and what to do when one is withheld.
Costs
Pricing a credit union account: a four-column worksheet
Credit unions price accounts on their own schedules. Sort each line into one-time, monthly, per-event and access costs, including share and lending limits.
Maintenance
Business checking checklist: from setup to first review
A business checking checklist for the dependency order from account fit and formation through application, activation, the first statement, and routine review.