Basic Business Account
A simple way to manage your Canadian and US Dollar funds.
Product benefits
- Account fees tailored to usage
- Improved cash flow – get funds the next day with Chase Merchant Services.1
- Available in both Canadian and US Dollar accounts
Account details
| Account features | Fees |
|---|---|
| Monthly fee | $10.95 Monthly fee waived when the minimum monthly balance is $8,000 or over3 |
| Transactions2 per month | One free transaction for every $1,500 in the account |
Related services
Overdraft Protection for business
Manage everyday expenses knowing you won't be caught short of funds.
ScotiaConnect Digital Banking
Enhanced online business banking to approve and submit payments, check balances, EFTs, wires, and more.
Business Taxes
Save time and pay online. Take care of federal taxes, payroll deductions, GST, PST or HST and more.
1
Chase and the Octagon logo are registered trademarks of JPMorgan Chase Bank, N.A. Deposit fees are waived for Chase Merchant Services customers using selected Scotiabank Business Accounts. The Basic Business Account is excluded. Refer to Your Guide to Fees and Interest Schedules. Customers are subject to a transaction fee for each of their Visa*, Mastercard® and Interac® deposit transactions if they process payments with a service provider other than Chase Merchant Services. Next-day funding is available to Chase Merchant Services customers for Visa, MasterCard and Interac card transactions only. Next-day funding is subject to merchant credit approval and all funds are subject to fraud monitoring. Qualifying funds are deposited on the next business day, excluding weekends and bank holidays.
2
Account transactions are charged on a “pay per use” basis. Please refer to Your Guide to Fees and Interest Schedules for transaction fees.
3
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.