Business Overdraft Protection
A business overdraft protection facility attached to your business chequing account will ensure cheques and pre-authorized debits, etc. will be covered up to your authorized limit. Available up to $10,000. A $5.00 monthly fee will be charged to your associated account.*
We'll need to see some documentation to get started on the approval process**. Please be prepared to provide the following:
- Up to three of the most current business year-end financial statements
- Confirmation that all CRA business taxes and HST filings are up-to-date and no taxes are owing
- Personal identification (two pieces of legal ID including one photo ID)
- Description and history of your business, cash flow projections, etc.
Apply at your local branch today.
*Standard Business Overdraft Rates will apply.
**Subject to credit union approval