Everyday Business Banking

If your company needs basic business banking services supported by personal service, FirstOntario can help you.

BUSINESS + PLUS CURRENT ACCOUNT

• No deposit fee
• Interest calculated on closing daily balance, paid monthly.

BUSINESS SAVINGS ACCOUNT

• Interest calculated on closing daily balance, paid monthly.
• Interest applies to all funds on deposit in the account based on the highest applicable interest zone.

BUSINESS INVESTMENT SAVINGS ACCOUNT

The FirstOntario Business Investment Savings Account is a true savings account.  It is not designed for everyday transactions.  It is an account designed for Members holding larger balances.

FirstOntario Business Investment Savings Account has a number of great features including:

• No minimum balance required to earn a great interest rate
• Interest based on the daily closing balance, paid monthly
• 1 free debit per month (with any balance)

 

Full Details and Pricing

Pricing Effective October 1, 2007

*Interest is paid monthly at the rates per annum.

FirstOntario Business Investment Savings Account

Interest Paid	Daily closing balance, paid monthly
Interest Tiers	One interest rate; paid right from the first penny
Cheques	No cheques No cheque return
Debit Direct Debit, In-Branch Withdrawal, Bill Payment	1 FREE per month, then $5.00 per item after free item
In-branch Bill Payment Handling Fee	$1.25 (plus debit fee above)
Monthly Account Fee	No Fee
Record Keeping	Statement only

 

BUSINESS TERM DEPOSITS

• Competitive interest rates with terms available from 30 days to 5 years.

BUSINESS U.S. CHEQUING/SAVINGS

• A convenient chequing/savings account for US dollars.

OTHER COMMERCIAL SERVICES

You have a number of business needs and we have a number of services that can meet your needs, such as:

• MEMBER TERM LIFE INSURANCE
  "Tailor made to suit your business needs" through Credit Union Insurance Services (CUIS).
• SMALL BUSINESS BENEFITS PLAN
  Extended healthcare benefits, long term disability, accidental death and dismemberment insurance through Credit Union Insurance Services.
• PAYROLL SERVICES
  Through a referral relationship with ADP Canada, FirstOntario Credit Union Limited now offers payroll processing services to meet the needs of your business.
• MERCHANT MASTERCARD®
  With our partner, Global Payments Inc. all POS, MasterCard and Visa transactions can be credited to your Current Account at FirstOntario.
• EMPLOYEE PAYROLL DEDUCTION PLANS
  Available at FirstOntario Credit Union Limited.
• EMPLOYEE RRSPs
  Available at FirstOntario Credit Union Limited.

FirstOntario Credit Union Limited is a Member of the Deposit Insurance Corporation of Ontario. Canadian dollar deposits insured up to $100,000 by the Deposit Insurance Corporation of Ontario. For further information on deposit insurance coverage, please ask for a brochure at the credit union, or call DICO at 1-800-268-6653 or www.dico.com