Wealthsimple · Business chequing
Business account
No monthly fee with unlimited transactions, 1.25% interest.
Fees and rates verified 2026-08-19Published fee scheduleWe earn nothing from any institution hereHow we research
What it costs
- Monthly fee
- None
- Extra electronic transaction
- $0.00
What is included
- Transactions each month
- Unlimited transactions
- Interac e-Transfers
- Included with no separate fee
- Fee per e-Transfer beyond that
- $0.00
Interest
- Posted rate
- 1.25%
Who can open it
- Minimum to open
- $0
Deposit protection
- Insured by
- CDIC
Where these figures come from
- Figures checked on
- August 19, 2026
- Source page
- www.wealthsimple.com
- Fees and terms
- Published fee schedule
Notes
'$0 per month, no monthly account fees and no account minimums.' Unlimited deposits and transactions; free e-Transfers and bill payments; all tax payments free; wire transfers $15. interest_rate records the BASE tier: 1.25% with under $100,000 in combined Wealthsimple assets, rising to 2.25% at $500,000 in assets, the rate is set by total relationship assets, not by account balance. 'Our business chequing accounts have $100,000 CAD in CDIC protection per business entity. That's shared across your savings and chequing accounts.' Wealthsimple does not name the deposit-holding institution on this page. No branch or cash deposit channel. The associated business card is a PREPAID Visa, not a credit card.
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Where this came from. Every figure on this page is taken from the institution’s own page or its published fee schedule, never from another comparison site, and a field is left blank rather than guessed at. Rates and fees change without notice, so confirm with the institution before opening anything. We receive no payment from any institution listed here.