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  1. Small Business
  2. Solutions
  3. Business Current Account

Business Current Account for small business

The perfect low-cost solution for small businesses with fluctuating volumes

small business owner on a tablet

Business Current Account

Why pay fees for transactions you won't make? Best for low-transaction small businesses, our Business Current Account provides the freedom to manage your operations as you choose.

Pay only for the transactions you need with our pay-as-you-go business solution and partner with a bank that understands you and your business.
Apply now Contact a small business advisor

Why a Business Current Account?

Pay-as-you-go

Online statements

Business cheques

Free ATM access

The Business Current Account is perfect for clients that need a basic deposit account for their business operations. It is ideal for businesses with widely fluctuating balances and low transaction volumes. You can also tie this operating account to a Business Savings Account to benefit from free transfers in and 4 free transfers out per month.

This low-cost account offers business owners the flexibility to only pay fees on the transactions completed and services utilized.

Find the right CWB solutions for your business size

Small business criteria
Read below to see if your business fits our small business category

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.

Explore our mid-large business solutions Explore our small business solutions

What's included

View the features of the Business Current Account to see if it is the right fit for your business.
Pay-as-you-go charges
Minimum charge applicable
$5.00 minimum monthly fee regardless of balance
Credit transactions
Per item service charge on credit transactions
Debit transactions
Per item service charge on debit transactions
Free online statements
Cheque imaging
Digital cheque imaging available
Paperless statements
Receive paperless statements monthly
Free ATM access
THE EXCHANGE® Network
Access to funds on THE EXCHANGE®  Network ATMs
Fees and pricing
Electronic transaction
$1.00 per electronic transaction
Interac e-Transfer®
$1.00 per outgoing Interac e-Transfer® transactions
Monthly fee
$5.00 minimum monthly fee
Paper transaction
$1.00 per paper transaction
Apply now
required documentation
To apply for our small business accounts, you will need the following documentation ready:
  • 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
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Apply now

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 fee n/a $50,000 $100,000
Electronic transactions1 $1.00 per item
 Unlimited Unlimited
Paper Transactions2 $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.
2Paper transactions include: cheque deposits, cheque withdrawals, in-branch deposits, withdrawals, bill payments and branch assisted transactions.
®Interac e-Transfer is a registered trademark of Interac Corp. Used under licence. 

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