Chequing accounts for all business sizes in Ontario
Choose from five YNCU business chequing accounts. Start with what fits your monthly activity today and adjust as your business grows.
Monthly plans starting at $5.00- Waive fees on Flex plan with $5k balance
Trusted by 65K+ members
Find the right fit for your business
We have the right account for you to manage daily transactions, preserve operational cash, and grow with tailored business chequing accounts built for the exact volume of your business.
Occasional businessesFlex accounts for side hustlers
Flex Business Chequing
Ideal for occasional use or side hustle businesses.
Best for: Occasional transactions- Monthly fee: $5
- Included transactions: 5
- Balance to waive monthly fee: $5,000
Indie prosFreelance and consultant types
Business 30 Account
For 1–2 daily transactions and a few high-value invoices.
- Best for: Light activity
- Monthly fee: $15
- Included transactions: 30
- Balance to waive monthly fee: $15,000
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On the growLocal contractors to medical practices
Business 60 Account
For growing small-to-medium businesses with moderate daily activity
- Best for: Growing activity
- Monthly fee: $30
- Included transactions: 60
- Balance to waive monthly fee: $30,000
Medium-sizedMid-sized trades and boutique hospitality
Business 120
Great for medium-sized trades, boutique shops, contractors and service professionals
- Best for: Busy operations
- Monthly fee: $60
- Included transactions: 120
- Balance to waive monthly fee: $60,000
High-volumeLarge commercial operations
Business 200
For Established businesses with high daily transactional activity regularly exceeding the limits of mid-tier accounts.
- Best for: High transaction volume
- Monthly fee: $100
- Included transactions: 200
- Balance to waive monthly fee: $100,000
Do more with your business chequing
Your business chequing account can do more than hold cash. Handle GST/HST, corporate tax, and payroll deductions., streamline employee payouts and HR compliance with Wagepoint, and process card or point-of-sale payments seamlessly using Clover merchant services. Everything you need to get paid, manage your team, and keep your books balanced sits right at your fingertips.
Payroll Support
Learn more about Payroll SupportPay employees and contractors with payroll tools that help with direct deposit, tax calculations, remittances, and reporting with Wagepoint. It's designed to solve real problems, reduce risk, and make every pay run simpler.
Learn about Wagepoint
Merchant services
Learn more about Merchant servicesAccept debit and credit card payments in store, online, or on the go with Clover merchant services. You can even take contactless payments - anything from physical cards to digital wallets.
Learn about Clover
CRA payments
Learn more about CRA paymentsManage your CRA tax obligations through online banking. File and pay GST/HST, corporate income tax, and payroll deductions seamlessly, while updating business accounts and tracking your payment history in one convenient place.
Start an account
Wait, you offer merchant services?
Commonly asked questions
YNCU offers five business chequing account options: Business Flex, Business 30, Business 60, Business 120, and Business 200.
Yes. Each YNCU business chequing account has an average monthly balance that can waive the monthly fee.
Canadian Dollars (CAD). To protect your profit margins from unpredictable currency market drops, you can pair this tool with our matching US Dollar Chequing Account to invoice cross-border clients and pay American suppliers directly.
Absolutely. Unlike standard commercial bank structures with rigid insurance limitations, eligible credit union business operating deposits are fully insured up to $250,000 by the Financial Services Regulatory Authority (FSRA)..
es. You can make CRA payments through business online banking, including GST/HST, corporate tax, payroll, and source deductions.
Bank from your phone
Easily manage your money, check balances, move money and pay bills.
Don’t forget to download our mobile banking app.
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1 The YNCU New Client Payroll Offer (the “Offer”) is available to new Clients who(se): (a) Client Number was created between May 1, 2024 and October 31, 2026; (b) open a YNCU Chequing Account as the Primary Account Holder within 60 days of the date their Client Number was created; and (c) set up payroll direct deposits within 60 days of the date their Chequing Account was opened. A cash Bonus of $250 will be paid to the new Client’s YNCU Chequing Account if the Client switches their eligible automated and recurring payroll direct deposits to their new YNCU Chequing Account, provided that: (i) they deposit the full amount of their payroll direct deposits; (ii) payroll direct deposits total a minimum of $200 on a monthly basis; (iii) the first eligible payroll direct deposit is received in their Account within 60 days of successfully opening the Chequing Account; and (iv) their subsequent eligible payroll direct deposits continue for at least 2 consecutive months. The Bonus will be paid to the Client’s YNCU Chequing Account in the subsequent month following the satisfaction of the Offer conditions. Offer can’t be combined with any other Chequing cash bonus Offers and is limited to one (1) Bonus per Client. By accepting any Offer, you agree to the terms and conditions of this Offer. Full Offer Terms and Conditions, including definitions of any capitalized terms, are available here. Offer may be changed, extended or cancelled without notice.
† Savings Account, Chequing Account, and GIC interest rates expressed on this website are annual interest rates and are current as of today's date. Interest rates are subject to change without notice. Interest is calculated daily and paid monthly on our Savings and Chequing Accounts. GIC terms of one year or longer have interest calculated on the basis of 365/366 days and compounded and/or paid annually. GIC terms of less than one year have interest calculated on the basis of 365/366 and paid at maturity.
6 YNCU will waive the ABM Withdrawal Fee and Global ATM Alliance members will waive any surcharge fees for withdrawal transactions performed at a Scotiabank or Global ATM Alliance machine with your YNCU Client Card. Some exclusions apply; see our Fee Schedule for details. The current Fee Schedule can be found at yncu.ca/feeschedule.
*Trademark of Visa International Service Association and used under license
‡Pay no fees for everyday Chequing transactions. For non-standard transactions, a fee may apply.
7Full terms and conditions are outlined in the Account Terms and Client Card Cardholder Agreement available to you on our website at yncu.ca.
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3 Some conditions may apply. Service is subject to availability and successful digital verification.
4 As of Mar 10, 2026 there were 49.9K reviews with an average rating of 4.5 from the Google Play Store and 77K reviews with an average rating of 4.7 from the App Store.
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