Business U.S. Savings

The Business U.S. Savings account is an interest-earning savings account that allows your business to deposit and accumulate U.S. funds without expensive currency exchange conversions.

This is a good account for small, medium and large businesses that deposit and accumulate U.S. funds, require liquidity, and want protection from currency exchange rate fluctuations.

Account features

  • Interest-earning account
  • Deposit U.S. dollar drafts, money orders, cheques or cash
  • Use a branch or the Member Service Centre to convert funds to Canadian currency
  • Free quarterly statements

Account interest information

This account earns a flat rate of interest. Interest is calculated as a portion of the account closing daily balance, paid monthly.

Account terms and conditions

  • This account cannot be used to pay bills
  • This account cannot be accessed at an ATM, on TelExpress or via Business Express Internet
  • Pre-authorized debits and Point-of-Sale payments are not available for this account
  • Cheque writing is not available for this account
  • All fees and associated earned interest are denominated in U.S. funds

For more information or to open this account

Phone our Member Service Centre at 604-517-0100, visit a branch, or fill out a request to receive more information.

Business U.S. Savings Account FeesFee
Free transactions per monthN/A
Monthly Maintenance FeeN/A
In-branch Withdrawal$0.60 USD
Deposit$0.80 USD
In-branch bill paymentN/A
ATM Withdrawal or Transfer1N/A
ATM DepositN/A
Pre-Authorized PaymentsN/A
Direct Payment1N/A
TelExpress/Online Banking Bill Payment/TransferN/A
Electronic Credits (pre-authorized and POS)N/A
Statement with images of chequesFree
Minimum Monthly Balance for Interest Paid$100.00
1 Available for sole proprietorships only

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