CWB Business Advantage AccountTM for small business
Give your small business an advantage with this all-purpose operational account
CWB Business Advantage AccountTM
Explore the CWB Business Advantage Account and let your small business flourish!
Why a CWB Business Advantage AccountTM?
Access your account wherever, whenever
Find the right CWB solutions for your business size
Manage finances, grow investment, access key insights, and utilize dedicated support.
Small businesses can grow and maintain their operations with confidence using our tailored financial solutions. These solutions are designed for digitally savvy business owners looking for over-the-phone support and who have non-complex lending needs up to $50,000.
Generally, your business would be considered a small business if you:
- Employ up to 20 people
- Generate up to $2 million in annual revenue
- Have no more than 4 signatories
- Have no greater than 4 people acting as owners
- Are not owned by another business.
If you meet this criteria, continue on to explore our small business products and solutions. If your business is larger than described, explore our mid-large business products and solutions instead.
What's included
- Most recent tax return
- Business registration documents
- Corporate ownership document, CRA Schedule 50, or Corporate Share Registry
- Emails and legal names of all additional signers or owners that own more than 25% of the business
Compare CWB business operating accounts
| Features | Business Current Account | CWB Business Advantage Account™ | CWB Business Unlimited Account™ |
| Monthly fee | $5.00 minimum | $35.00 | $75.00 |
| Minimum balance to waive monthly fee2 | n/a | $50,000 | $100,000 |
| Electronic transactions1 | $1.00 per item |
Unlimited | Unlimited |
| Paper transactions3 | $1.00 per item |
60 per month | Unlimited |
| Outgoing Interac e-Transfer® transactions |
$1.00 per item | Free | Free |
1Electronic transactions include: online bill payments and transfers, Automated Teller Machine (ATM) transactions, Interac Direct Purchase payments, electronic funds transfers, direct deposits, automatic payments, and other electronic debits and credits. For fee schedules for Cash Management Services, please contact your Relationship Manager or local CWB banking centre.
2Monthly fee is waived if you maintain a minimum monthly balance of $50,000 or more in your account at the end of each day in the month.
3Paper transactions include: cheque deposits, cheque withdrawals, in-branch deposits, withdrawals, bill payments and branch assisted transactions. The standard $1.00 fee applies for services and transactions exceeding the number of transactions included in the account package.
®Interac e-Transfer is a registered trademark of Interac Corp. Used under licence.
See the complete listing of related service charges including payment and other sundry services.
Canadian Western Bank is a member of the Canada Deposit Insurance Corporation (CDIC).