Can I get a debit card for a business account?
Business debit cards are offered by various financial institutions, including banks and credit unions, to facilitate day-to-day transactions for businesses.
You can also place free funds on a savings account.
Calculate your future income on a savings account (example):
| Amount, $ | Rate, % | Accrued %, $ |
| 25,000 | 3.75% | 938 |
| 25,000 | 3.85% | 963 |
| 25,000 | 3.95% | 988 |
| 60,000 | 4.05% | 2,430 |
| 60,000 | 4.15% | 2,490 |
| 60,000 | 4.25% | 2,550 |
| 140,000 | 4.35% | 6,090 |
| 140,000 | 4.45% | 6,230 |
| 140,000 | 4.55% | 6,370 |
| 340,000 | 4.65% | 15,810 |
| 340,000 | 4.75% | 16,150 |
| 340,000 | 4.85% | 16,490 |
How do I apply for a business debit card in Canada?
Select a bank or credit union that offers business banking services and suits your business needs.To qualify for a business debit card, you typically need to open a business account with the financial institution. Requirements may include providing business registration documents, identification for business owners, and possibly a minimum deposit.
Apply for a business debit card, the process may involve completing an application form provided by the bank or credit union. Bank will review your application and verify the information provided. Approval for the business debit card is typically based on the status of your business account and may include a credit check depending on the institution's policies.
Receive the business debit card. Activate it as per the issuer's instructions, usually by calling a specified number or through online banking.
See the similar FAQ about Canadian banks:
- B2B bank RRSP loan
- CIBC collections contact
- CIBC loan and financial calculators
- Citizens Bank student loans
- Coast Capital calculators
Details of companies offering the financial services:
Bank Of Montreal
Head office’s address: 119, rue Saint-Jacques Montreal, Quebec H2Y 1L6
Contact center: 877-225-5266
Phone: 416-867-5000
Web-site: http://www.bmo.com/main/personal
Swift code: BOFMCAM2
Stock code: BMO
BSB: 001
CIBC
Head office’s address: 199 Bay St, 44th Floor Toronto
Contact center: 800-465-2422
Web-site: https://www.cibc.com/en/personal-banking.html
Swift code: CIBCCATT
Stock code: CM
BSB: 010