We've merged effective January 1, 2020 and while this website may still bear the name and logo of Westminster Savings Credit Union, we are in the process of revising all print and digital materials to bear the name of the new legal entity - Prospera Credit Union. We appreciate your patience during this transitional period.

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 Fees Fee
Free transactions per month N/A
Monthly Maintenance Fee N/A
Cheque N/A
In-branch Withdrawal $0.60 USD
Deposit $0.80 USD
In-branch bill payment N/A
ATM Withdrawal or Transfer1 N/A
ATM Deposit N/A
Pre-Authorized Payments N/A
Direct Payment1 N/A
TelExpress/Online Banking Bill Payment/Transfer N/A
Electronic Credits (pre-authorized and POS) N/A
Statement with images of cheques Free
Minimum Monthly Balance for Interest Paid $100.00
1 Available for sole proprietorships only
 

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