COMMERCIAL BANKING
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Whether you have 100 employees or 1 (you!) Southwest Regional Credit Union has experienced commercial business advisors that can recommend convenient, flexible banking options suitable for every stage of your business. Day-to-day you need a fair-priced and easy-to-manage chequing account. It’s good to have a flexible line-of-credit. You may need a mortgage to really grow. Whatever you need, Southwest Regional Credit Union is happy to help you take your business from just a plan to a thriving reality.

Chequing/Deposit Accounts

Current Account

  • For all your business needs
  • Low monthly maintenance fee
  • One free debit allowed for each $1,000 in minimum monthly balance
  • Service fee payable the end of each month
  • No interest payable

Flat Fee Business Account

  • For all your business needs
  • A complete package of business banking services with one low monthly fee. Includes 75 transactions per month
  • After 75 transactions per month, a per transaction
    fee applies
  • $5,000 minimum operating line of credit required (O.A.C)
  • No set monthly item or cash deposit limit
  • No interest payable

Business Mortgages, Loans and
Operating Lines of Credit

Mortgages, Loans and Operating Lines of Credit

  • Credit available to sole proprietor, partnerships or corporations
  • Loans, lines of credit or mortgages
  • Please contact the Branch Manager for a list of prerequisites for qualification

Association Account

  • For associations and organizations
  • In most instances no service charges or maintenance
    fees levied
  • Interest paid quarterly on the minimum quarterly balance
  

Merchant MasterCard
The Business MasterCard that gives you flexibility.

  • Corporate cards available for employees
  • Credit card registry
  • Extended warranty service on most merchandise
  • Purchase protection insurance on most merchandise
  • Unlimited cardholders per account / consolidated billing
  • Credit limit established at the card and account level
  • Duplicate statements
  • $100,000 common carrier accident insurance
  • Master RoadAssist 24-hour roadside assistance at preset rates
  • Choice Rewards program (optional)
  • Annual fee $50/$10 for additional card

Deposits

Investments

  • All non-registered personal investment options are also available to commercial members including Term Deposit, Index-Linked Term Deposits, Mutual Funds and Discounted Brokerage Services.

Payroll Deductions

  • Non-registered, or group RRSP group savings

Point of Sale Terminal

  • Terminals available to commercial members through a partnership we have with verified Network Payment Solution (UNPS)
  • Through our provider, commercial members can electronically receive payments from their client debit card transactions or credit card transactions and have the proceeds directly deposited to their current account.

 
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