This website uses cookies to establish a secure connection and personalize your experience. By continuing you consent to the use of cookies. For more information and instructions on how to opt out of cookies, visit the Online Privacy and Interest-Based Advertising Statement. If you choose to opt out this message will continue to appear.

Online Policy Statement
  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.
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.

What's included

View the features of the Business Current Account to see if it is the right fit for your business.
Minimum charge applicable
Credit transactions
Debit transactions
Cheque imaging
Paperless statements
Electronic transaction
Interac e-Transfer®
Monthly fee
Paper transaction
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

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. 

Contact our dedicated small business experts now

Get expert advice and financial solutions tailored to growing your small business

By submitting this form, you confirm your understanding and agreement with CWB's Privacy Policy and Legal Disclaimer

See the complete listing of related service charges including payment and other sundry services.

logo for Canada Deposit Insurance Corporation - la Société d’assurance-dépôts du CanadaCanadian Western Bank is a member of the Canada Deposit Insurance Corporation (CDIC).