Business Chequing Account CAD
Servus Credit Union

Servus Business Essential Plan

A flexible business account that adapts to your monthly usage with fee waivers available for higher balances.

Rate up to 2.9%
Monthly fee $20/mo
Transactions Unlimited
Minimum deposit $0
EARNINGS

Rates and interest details

Rate option 1 1.5%
Compounding
Monthly
Calculation
Daily Closing Balance

Balance-tier schedule

BalanceStandard rateBoosted rateCondition
$0 – $9,999.99 1.5% Standard eligibility applies
$10,000 – $24,999.99 1.65% Standard eligibility applies
$25,000 – $99,999.99 1.75% Standard eligibility applies
$100,000 – $249,999.99 1.9% Standard eligibility applies
$250,000 – $999,999.99 2.2% Standard eligibility applies
$1,000,000 – $4,999,999.99 2.6% Standard eligibility applies
$5,000,000+ 2.9% Standard eligibility applies
COSTS

Fees and account limits

Monthly fee$20/mo
Fee-waiver balance$60,000
Minimum deposit$0
Maximum depositNot listed
Included transactionsUnlimited
Bundled productNot specified

Detailed fee schedule

FeeAmountFrequency or allowanceAdditional use
Per-Transaction FeeTiers: $20 (30 trans), $40 (60 trans), $75 (150 trans), $110 (Unlimited). - Unlimited -
ACCOUNT EXPERIENCE

Features and benefits

Online and Mobile Banking

Integrates with accounting software; image-captured cheque archiving.

WHO CAN APPLY

Eligibility and access

Minimum ageNot specified
AvailabilitySelected provinces
Mobile appYes
Online bankingYes
Branch accessNot specified
COVERAGE

Registration, networks and availability

Registration options

  • CORPORATECorporate / Non-Personal
IMPORTANT INFORMATION

Terms and disclosures

Rates, fees, eligibility requirements and promotional terms can change. Confirm all current details directly with Servus Credit Union before opening the account.

Product information last reviewed or updated Mar 12, 2026.