Accounts
Business Current Account
Get the essentials plus an array of optional features to suit your needs. Deal with our business banking specialists face-to-face, or enjoy the convenience of Internet banking options.
Features:
- Low cost account operations
- Monthly statement with cancelled cheques
- $0.79 per item with a minimum monthly charge of $5.00
- Line of Credit (on approval)
- Optional CWBdirect® Internet Banking
- Optional ABM access*
- Optional customized cheques
*Proprietorships only
BIG Account
Our exclusive Business Interest Generator (BIG) Account is set up to offer you all the financial services you need, and pay an attractive interest rate on minimum monthly balances too.
Other features include:
- Line of Credit (on approval)
- Monthly statements with cancelled cheques
- Customized cheques available
- Optional CWBdirect® Internet Banking
- $0.86 per item with a minimum monthly charge of $5.00
- See Current Rates
Interest Accelerator® Account
The Interest Accelerator is a great alternative to Wholesale GICs. It's designed for companies that want competitive interest on cash balances while still maintaining liquidity. Interest is calculated on daily closing balances and paid at the end of each month.
Other features include:
- Monthly statements with cancelled cheques
- Optional CWBdirect® Internet Banking
- $0.79 per item with a minimum monthly charge of $5.00
- Line of Credit (on approval)
- See Current Rates
Organization Account
This account was designed specifically for Not For Profit organizations, churches, charities and associations. It is our pleasure to offer added-value to these organizations through reduced service fees and paying competitive interest on minimum monthly balances.
Other features include:
- ABM access available
- Monthly statement with cancelled cheques
- Customized cheques available
- Funds are totally liquid
- Optional CWBdirect® Internet Banking
- $0.58 per item with a minimum monthly charge of $4.00
- See Current Rates
Strata Solution® Account
Specially designed for Strata and Condominium Corporations, this account is a secure place into which they can leave their Reserve Funds. Interest is calculated on the daily closing balance and paid monthly for maximum flexibility. The Strata Solution account gives you the best of both worlds - the interest rate of a GIC and the liquidity of a chequing account.
Other features include:
- Funds can be added at any time
- Monthly statement is available
- Funds can be transferred to the Corporation's chequing account at any time
- See Current Rates
US Dollar Business Account
If you do any business in US dollars, then this account is for you. Have the convenience of doing business in US funds without on going conversion charges and changing exchange rates.
Features:
- Monthly statement with cancelled cheques
- Low cost US chequing privileges of $1.00 per item with a minimum monthly charge of $7.50 USD
- No minimum deposit requirement
- CWBdirect® Internet Banking for $10.00 per month
Additional Products and Services
CWBdirect® Internet Banking
For those times when you can't be face-to-face with our friendly staff, CWBdirect® Internet Banking offers you the convenience of accessing your accounts and making transactions from your computer whenever you like, wherever you are. It's easy to use and completely secure - Click here for an online demo.
Features:
- Transfer money between accounts
- Place or remove stop payments
- Print account statements
- Track cheques and transactions
- Access deposit rates and U.S. exchange rate
- Export data to your accounting software and automatically update your financial records
- Pay bills online
Merchant Credit Card and Point of Sale (POS) Program
If your business accepts credit and or debit cards for payment, our program eliminates the need of maintaining multiple accounts. With CWB, you can easily apply to accept Visa, MasterCard, American Express, and Interac® Direct Payment. Plus, your transactions will be securely deposited electronically into your account with Canadian Western Bank.
We are proud to be an affiliate of Moneris Solutions - Canada's largest credit and debit card processing company. Together, we can offer our business clients the safest and most convenient Point of Sale program in the west. Please see the Moneris Website for more information.
Customer Automated Funds Transfer Service (CAFT)
If you collect regularly recurring receipts such as rent and condo fees, talk to one of qualified Account Managers to see how Canadian Western Bank pre authorized debits can work for you. Our CAFT Service also allows you to make payments directly into the accounts of your employees or other payees. It's easy. Once you are set up, you simply input the data online and everything is done automatically and electronically.
Group RRSPs
Complement your employee benefit package with a Group RRSP plan. Both Canadian Western Bank and Canadian Western Trust offer many flexible programs to meet your needs. Call or stop in today and we'll show you a great retirement savings plan for your company, your employees or.yourself!