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  1. Sep 19, 2024 · Is RBC a good bank for businesses? Yes, RBC is a good banking option for many Canadians businesses. It’s also a popular choice. According to a report from the Canadian Federation of Independent Business (CFIB), RBC had the greatest small business market share (19%) of all banks in 2022, ahead of Scotiabank (17%) and TD (16%).

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    • Our Top Choice – RBC Digital Choice Bank Account Package. · Experienced financial advisors and good customer service. · Monthly fee of 5$ with no minimum balance requirement.
    • Meridian eProsper Chequing Account for Small Business. Meridian is a credit union that was formed in 2005 through the merger of two credit unions. They offer competitive rates for their small business accounts.
    • TD Basic Business Plan. TD Bank was created in 1955. It is the largest bank in Canada by assets and the second-largest by market capitalization. Features and Benefits.
    • Scotiabank’s Right Size Account for Business. Scotiabank was founded in 1832. They are the third-largest bank in Canada. Features and Benefits. When you choose to bank with Scotiabank you are also choosing to bank with Canada’s third-largest bank and with that comes benefits.
    • Loop Corporate Banking. Loop is a Toronto-based banking platform specifically built for growing businesses and entrepreneurs who want to explore global markets.
    • RBC Digital Choice Business Account. The RBC Digital Choice Business Account is for small to mid-sized businesses that mostly operate online and use online and mobile banking for most of their transactions.
    • Alterna Small Business eChequing Account. Alterna is an online-only bank offering a business-specific chequing account. It requires no monthly fees if you maintain a $3,000 minimum balance.
    • Scotiabank Unlimited Account. The Unlimited Account is Scotiabank’s fourth plan type in the Select Account for Business product options. It features no fees with a minimum account balance, unlimited transactions and deposit items, and access to ScotiaConnect Digital Banking.
  2. It depends on your needs. At RBC, our most popular small business account is the Digital Choice Business Account, which is a chequing account that can help you save time and money if you do most of your business banking online. We also offer savings, business trust and foreign currency accounts. Yes!

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  4. Aug 10, 2023 · When business is anything but usual, we’re here to help. The RBC Small Business Navigator provides practical resources, money saving offers, stories from small businesses and financial advice, so you feel confident choosing the path that’s right for your business. Offers, resources and advice are always being updated.

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