$0
Monthly Fee (Digital Banks)
Unlimited
Free Inbound e-Transfers
Easy
ERP & Tax Integrations
24/7
Business Support
Top Choices for Small Business
BMO eBusiness Plan
Best for 100% digital businesses
$0 /month
- ✓ Unlimited electronic transactions
- ✓ No minimum balance required
- ✓ Moneris payment integration
Most Popular
RBC Business Essentials
Best for growing startups
$5 /month
- ✓ Pay-as-you-go flexibility
- ✓ Free Sage accounting software integration
- ✓ Access to RBC Insight Edge
TD Basic Business Plan
Best for low-volume brick & mortar
$19 /month
- ✓ 20 deposit items included
- ✓ Fee waived with $5,000 balance
- ✓ Local branch support specialized for biz
Rise of Fintech: Digital-Only Business Banking
Modern startups often prefer nimble, tech-first banking solutions over traditional banks. These provide better integrations and much lower fees for foreign exchange and global payments.
Wise Business
The gold standard for international payments and holding multiple currencies.
See Wise Rates →Vault (Canada)
A Canadian-made business platform with a 1.5% FX fee and high-interest savings.
Explore Vault →