The US$ Business
Advantage Account

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High-interest savings for your US money

Make your US savings work as hard as you do, with the US$ Business Advantage Account. Simply transfer excess US cash into your account to start earning high interest on every dollar. 

 

0.20%
US$ Business Advantage Account1

Is this account right for you?

Yes, if you:

  • Have a US$ dollar chequing or spending account at another Canadian bank
  • Own a small or medium sized business and carry US money
  • Want to earn high interest on your idle US savings
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Benefits

Rates and fees

Rates

Our US$ Business Advantage Account offers high interest on all your money:

0.20%
US$ Business Advantage Account Rate1

Fees

No monthly account fees, and no fees to deposit or withdraw money, so you can make the most out of your savings. Other services and fees include:

Deposit Service Fees
Services  
Transferring money from your US$ account at another Canadian bank No charge
Mail us a US$ cheque from another Canadian bank
No charge
Withdrawal Service Fees
Services  

Transferring money to your US$ account at another Canadian bank

No charge

Review our services and fee guide (PDF) for a complete list of all services and associated fees.

Resources

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Tips for easy mobile banking

Bank anytime, from anywhere with our mobile banking app.

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How to get started with online banking

Access your accounts 24/7 with our secure online banking.

FAQ

You can withdraw money from your account by transferring funds with online or telephone banking to your US$ account at another Canadian bank. Bank-to-bank transfers are always free, but you can find more info about fees here.

You can deposit money into your account by transferring funds with online or telephone banking from your US$ business account at another Canadian bank. You can also mail in a cheque. 

The following business types are eligible:
 

  • Corporations
  • Partnerships
  • Trusts
  • Estates
  • Associations, Societies, or Lodges
  • Community accounts (i.e., hockey clubs, etc.)
  • Condominium corporations
  • Trade or labour unions
  • Charities, unincorporated charitable organizations, or not-for-profit organizations

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