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Trending searchesExplore Scotiabank’s chequing accounts
Business accounts to give you flexibility and control over your money.
Special offers
All accounts. Discover your options.
Filter by category:
- All (6)
- Everyday banking (3)
- Professionals (1)
- Community & Not-for-Profit (1)
- Agriculture (1)
EVERYDAY BANKING
Select Account for business
Special offer
Earn up to $880 in bonuses and savings when you open a new Select Account for business and sign up and get approved for Chase Merchant Services.8
Best for:
Customizable account depending on the volume of your transactions.
Plan options to suit your transaction needs
Switch to higher plan as you grow
No monthly plan fee if you maintain minimum balance each day that month*
- Monthly account fee
- Monthly fee Starts at $20 /month
EVERYDAY BANKING
Right Size Account for business
- Monthly account fee
- $6 /month
EVERYDAY BANKING
Basic Business Account
- Monthly account fee
- $10.95 /month
-
Monthly fee waived when the minimum monthly balance is $8,000 or more
Maintain $8,000 minimum balance for the entire month and the minimum monthly fee is waived. Minimum monthly fee, monthly plan fees, payment, transaction and additional service fees are published in Your Guide to Fees and Interest Schedules or on individual service agreement forms and are subject to change from time-to-time.
AGRICULTURE
ScotiaOne Account Plan for agriculture
- Monthly account fee
- $40 /month
COMMUNITY & NOT-FOR-PROFIT
Scotia Community Account Plan
Best for:
Charities, non-profits and community groups looking for a low-cost Scotia Community Account Plan.
No minimum balance required
Get funds the next day with Chase Merchant Services*
- Monthly account fee
- $3 /month
-
10 Included transactions per month1
PROFESSIONALS
Scotia Professional Plan Plus Account
Best for:
Professionals who need a Scotia Professional Plan Plus Account designed for a high volume of transactions.
No minimum balance required
Get funds the next day with Chase Merchant Services*
- Monthly account fee
- $38 /month
-
110 Included transactions per month2
EVERYDAY BANKING
Select Account for business
Special offer
Earn up to $880 in bonuses and savings when you open a new Select Account for business and sign up and get approved for Chase Merchant Services.8
Best for:
Customizable account depending on the volume of your transactions.
Plan options to suit your transaction needs
Switch to higher plan as you grow
No monthly plan fee if you maintain minimum balance each day that month*
- Monthly account fee
- Monthly fee Starts at $20 /month
EVERYDAY BANKING
Right Size Account for business
- Monthly account fee
- $6 /month
EVERYDAY BANKING
Basic Business Account
- Monthly account fee
- $10.95 /month
-
Monthly fee waived when the minimum monthly balance is $8,000 or more
Maintain $8,000 minimum balance for the entire month and the minimum monthly fee is waived. Minimum monthly fee, monthly plan fees, payment, transaction and additional service fees are published in Your Guide to Fees and Interest Schedules or on individual service agreement forms and are subject to change from time-to-time.
PROFESSIONALS
Scotia Professional Plan Plus Account
Best for:
Professionals who need a Scotia Professional Plan Plus Account designed for a high volume of transactions.
No minimum balance required
Get funds the next day with Chase Merchant Services*
- Monthly account fee
- $38 /month
-
110 Included transactions per month2
COMMUNITY & NOT-FOR-PROFIT
Scotia Community Account Plan
Best for:
Charities, non-profits and community groups looking for a low-cost Scotia Community Account Plan.
No minimum balance required
Get funds the next day with Chase Merchant Services*
- Monthly account fee
- $3 /month
-
10 Included transactions per month1
AGRICULTURE
ScotiaOne Account Plan for agriculture
- Monthly account fee
- $40 /month
Find the right account for your business
Frequently asked questions
A business bank account can help you keep your business and personal finances separate, making it easier to manage cash flow, track expenses, and prepare for tax time. It can also help present a more professional image when accepting payments and managing business transactions.
You'll need information about your business and its owners, including identification and business registration details. Additional documents may be required depending on your business structure, ownership, and the type of account you choose.
Eligible deposits held in business accounts may be covered by Canada Deposit Insurance Corporation (CDIC) protection, subject to CDIC's coverage rules and limits. For details about eligible deposits and coverage, visit the Canada Deposit Insurance Corporation website. The category page already includes CDIC as a supporting resource.
A sole proprietor can benefit from having a dedicated business bank account to help separate business and personal finances. This can make it easier to track income and expenses, manage cash flow, and keep business records organized.
