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Business

Compare business bank accounts

Small-business chequing accounts from RBC and TD, with monthly fees and what each plan includes, taken from each bank's own page.

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5 accounts

RBC

RBC Digital Choice Business Account

Businesses that bank mostly online

Monthly fee
$6
Transactions
Unlimited electronic debits and credits
Deposits
Unlimited electronic cheque deposits (mobile app or ATM)
Interac e-Transfers
10 outgoing Interac e-Transfers a month, then $1.50 each
  • No minimum balance
  • Branch cash deposits $5.00 per $1,000

TD

TD Business Digital Account

Businesses that bank mostly online

Monthly fee
$6
Transactions
Unlimited electronic transactions
Deposits
Unlimited deposit items
Interac e-Transfers
10 Interac e-Transfers a month, then $1.50 each

TD advertises up to $2,000 for opening a Business Digital Account; offer ends January 5, 2027. Conditions apply.

  • Assisted (branch) transactions $2.50 each
  • Cash deposits $5.00 per $1,000

RBC

RBC Flex Choice Business Account

5 to 75 paper transactions a month, in branch and online

Monthly fee
$7
Transactions
Pay per transaction
Deposits
Pay per item deposited
Interac e-Transfers
Pay per transfer
  • Low fixed fee; you pay for what you use

TD

TD Business Essential Account

Growing businesses with regular branch and electronic activity

Monthly fee
$35
Transactions
40 transactions a month, then $1.25 each
Deposits
50 deposit items a month, then $0.22 each
Interac e-Transfers
$1.50 per Interac e-Transfer beyond the plan limit

Monthly fee rebated with a $45,000 daily minimum balance

TD advertises up to $2,400 for opening a Business Essential Account; offer ends January 5, 2027. Conditions apply.

  • $5,000 in cash deposits included each month
  • $10 overdraft protection fee rebated

TD

TD Business Unlimited Account

High-volume businesses

Monthly fee
$125
Transactions
Unlimited transactions
Deposits
Unlimited deposit items
Interac e-Transfers
Unlimited Interac e-Transfers

Monthly fee rebated with a $65,000 daily minimum balance

TD advertises up to $2,400 for opening a Business Unlimited Account; offer ends January 5, 2027. Conditions apply.

  • $25,000 in cash deposits included each month
  • Annual rebate of the $149 fee on the TD Aeroplan Visa Business or TD Business Travel Visa card

Sorted by monthly fee. Fees for extra transactions, cash deposits and other services apply; see each bank's fee schedule.

Rates, fees and offers were read on each issuer's own page on October 24, 2026. Offers change often; the issuer's terms apply. WalletReturn does not take applications or check credit.