Business Accounts

Chequing accounts for however you do business.
From big to small, we have an account that will fit your business.

Choose your business account

Key Features

Save on monthly fees.
The monthly fee is waived if you maintain a minimum daily balance in your account during the month on all Operating Accounts.

Unlimited Transactions
Operate worry free with unlimited standard transactions on our Signature Operating Account.

QuickSwitch your Account
Whether you’re ramping up for the season or planning an expansion, with just a phone call you can quickly and easily switch your Operating Account to avoid any excess service charges.

Operating Accounts are designed to complement a specific way of doing business. Select Operating Account is best suited for those with a couple deposits and payables each month where the Signature is designed for a retail or cash based business.

If you’re a Non-Profit, you get the same choice of accounts, and pay a discounted rate each month.

All our Operating Accounts come with Standard Transactions as part of the monthly fee.
Performing any one of the following transactions would be considered a Standard Transaction.

Standard Transactions†

Send Interac® e-Transfer
Request Interac® e-Transfer
In Store Purchase
Mobile Wallet Purchase
CU ATM Withdrawal or Deposit
CU ATM Transfer
In Branch Transfer
In Branch Cash Withdrawal or Deposit
Bill Payment
Interac® Flash
Online Bill Payment
Online Transfers
Automatic Payments
Direct Deposit
Cheques
Telepay™ Transfer
Telepay™ Bill Payment

Items, Cash and Coin included in all Accounts
All three of our Operating Accounts include enough Items, Cash and Coin to complement the included Standard Transactions. You only pay additional fees when you need more.

Non-Profit Pricing
All three of our Operating Accounts are offered to Non-Profit organizations with all the same great features as the regular version, but at a reduced monthly fee.

Operating Accounts

Request Interac® e-Transfers

Included in Standard Transactions

Unlimited

	SELECT	STANDARD	SIGNATURE
Included Transactions
Standard Transactions	10/Transactions	40/Transactions	Unlimited
Items Deposited	10	40	200
Cash Deposited (Notes)	Up to $2,000 /Month	Up to $5,000 /Month	Up to $20,000 /Month
Coin Deposited	Up to $200 /Month	Up to $500 /Month	Up to $2,000 /Month
Online Me-to-Me transfers	Unlimited	Unlimited	Unlimited
Deposit Anywhere™	Unlimited	Unlimited	Unlimited
Additional Transactions
Standard Transaction	$1.25/Transaction	$1.25/Transaction	Free
Item Deposited	$0.20/Cheque	$0.20/Cheque	$0.20/Cheque
Cash Deposited (Notes)	$2.25 per $1,000 in Notes	$2.25 per $1,000 in Notes	$2.25 per $1,000 in Notes
Coin Deposited	$2.25 per $100 in Coin	$2.25 per $100 in Coin	$2.25 per $100 in Coin
Cross Border Debit	$1.50/Transaction	$1.50/Transaction	$1.50/Transaction
Send Interac® e-Transfers	Included in Standard Transactions	Included in Standard Transactions	Unlimited
Interac® ATM	$1.50 /Withdrawal	$1.50 /Withdrawal	$1.50 /Withdrawal
International ATM*	$4.00 /Withdrawal	$4.00 /Withdrawal	$4.00 /Withdrawal
Non-encoded Cheques	$5.00 / Cheque	$5.00 / Cheque	$5.00 / Cheque
Record Keeping
Online Statements with Cheque Images	Free	Free	Free
Paper Statements with Cheque Images	$3.00 /Month	$3.00 /Month	$3.00 /Month
Pricing
Regular Price	$7.00 /Month	$25.00 /Month	$80.00 /Month
Non-Profit Price	$3.50 /Month	$12.50 /Month	$35.00 /Month
Minimum Daily Balance Required to Waive Monthly Fee	$6,000	$20,000	$65,000

All accounts and fees are subject to an annual review and may be higher than posted in certain situations.

Not sure which business account to choose?

We’ll be happy to help you pick the option that best suits your business needs.

Get in touch

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Bank for your business however works best

On your mobile device

Take your business banking with you wherever you go using our mobile app on your smartphone or tablet.

On your computer

Manage your business finances via online banking anytime, whether you're in office or relaxing at home.

Using Deposit Anywhere™

Deposit cheques without the need to come in-branch. Simply snap a photo on your mobile device.

Via 3,000+ ATMs

Use our Canada-wide ATM network to access the money you need whenever you need it - surcharge-free.

Discover more ways to bank and pay

Stop. Lock. And Block.

Never worry about a misplaced debit card again. With our Lock 'N' Block feature, you can lock or block your card anytime, anywhere using our mobile app or online banking.

Lost or stolen debit card?

Select Image

Call us

Lost or Stolen Cards

Morell Credit Union:
902-961-2735

Debit Card Support:
1-888-277-1043

Credit Card Services:
1-855-341-4643

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Lock your card

Use our Lock’N’Block service to immediately lock your card. Simply log into your account, click the Lock ’N’ Block icon and select the card you want to lock.

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Terms and Conditions

For each cheque we honour where the account is overdrawn, and/or over their approved line of credit, there is a $5 per item charge plus 21% interest charge while the account remains overdrawn.
® Used under license. All trade marks are the property of their respective owners
*Additional fees, such as any terminal convenience, currency conversion, or usage fees, may be charged by third parties and added as part of the transaction amount.
**Available to members who subscribe to Point of Sale Merchant Services through one of our partner suppliers.
†Certain transactions may not be available to certain accounts with Dual Signatures enabled.

Unlimited refers to use of the account that is reasonable of the average consumer for commercial daily use only. Any usage which is deemed to exceed what is reasonable commercial daily use will be reviewed and may be subject to additional fees.

Level up your financial know-how

Business planning guide

There's a lot to check off the list when starting a business. Here are some of the key things you should think about.

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Why you need a business account

Whether it's a side hustle or a successful enterprise, it's important to keep your business and personal finances separate.

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Get more genuine tips, tricks, and helpful resources on our Honest Money blog.

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Business Accounts

Choose your business account

Key Features

Standard Transactions†

Operating Accounts

Not sure which business account to choose?

Bank for your business however works best

On your mobile device

On your computer

Using Deposit Anywhere™

Via 3,000+ ATMs

Stop. Lock. And Block.

Lost or stolen debit card?

Call us

Lock your card

Terms and Conditions

Level up your financial know-how

Business planning guide

Why you need a business account

Get more genuine tips, tricks, and helpful resources on our Honest Money blog.

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