Everyday Business Banking

Are you looking for business banking services supported by personal service? FirstOntario can help you. We are committed to providing you with products and services at the best value we can offer.

Save up to 20% on service fees with our new business service fee plans.

Click here to view our new service fee plans.

Business Current Account

• Low transaction fees
• Interest calculated on closing daily balance, paid monthly

Business Savings Account

• Interest calculated on closing daily balance, paid monthly

 

Business Investment Savings Account

• For Members holding larger balances
• More convenient and flexible than a short term deposit

• No minimum balance required to earn a great interest rate
• Interest based on the daily closing balance, paid monthly

 

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	Interest paid on daily closing balance and paid at month-end.
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. $5.00 per additional 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 U.S. 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.

 

Deposits in registered savings plans are fully insured. Other Canadian dollar deposits insured up to $100,000.*

 

*For further information on deposit insurance, please ask for a brochure at the credit union or call DICO at 1-800-268-6653 or log on to the website at www.dico.com.