National Bank of Canada Business Account

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National bank of Canada

The National Bank of Canada, established in 1859 as the Banque Nationale pour le Commerce et l'Industrie, is now one of the largest banks in the country. It offers financial products and services to individuals, businesses, and institutions. The bank operates across Canada and internationally in the United States and other markets.

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How To Open a Business Account With the National Bank?

The National Bank of Canada offers six packages to cater to all kinds of businesses. You can choose among ePackage, Package 20, Package 35, Package 50, Package 75 andPackage 100 .

If you want to use the National Bank's services for your business's transactions, follow this instruction:

Open the page of the package you want to avail.
After choosing a plan, you will be asked to fill out some forms. You can do this online or set an appointment at one of their branches.
If you do it online, complete the form on their website. Provide basic information about you and your business. You can schedule a call if you want to talk to one of their representatives.
You will be asked to provide documentation whether you opt for an online or phone call application.
After successfully providing the necessary documents, wait for 1 to 2 business days. A representative of the National Bank will contact you to help activate your business account.

Eligibility

You can open a business account online if you are:

A Canadian citizen/resident
18 years old or above
Have a good credit standing.
The proprietor of the business you are creating an account for
On the other hand, non-residents can still open a business account. Still, they have to visit a local branch for further documentation.

Documents Required

In activating your business account at National Bank of Canada, you need the following documents:

Personal identification, which can be:

Canadian passport
Canadian driver's license
Canadian Permanent Resident card.

Business registration documents such as:

Articles of Incorporation
Certificate of Existence
Master Business License

Associated Fees

The fees depend on the package you avail. Refer to the list here:

ePackage: $5.99/month
Package 20: $15.99/month
Package 35: $35.99/month
Package 50: $39.99/month
Package 75: $54.99/month
Package 100: $75.99/month

Take note that each package has a maximum number of transactions per month.

Check the Remitbee Business Account!

With Remitbee, you can easily carry out your business's routine transactions hassle-free and affordable. Sign up for an account online and benefit from quick verification, allowing you to start making transactions immediately.

Moreover, Remitbee offers a highly favorable CAD-USD exchange rate and a nominal conversion fee ranging from 0.3% to 0.6%. As a result, customers can save up to $2,000. Discover the other benefits that Remitbee can offer to your business:

Send up to $100k
Transfer for free for transactions above $500
Instantly receive money
Competitive exchange rates
100% money-back guarantee.

Opening a Remitbee Business Account is hassle-free, like creating a personal account. All you need to do is provide evidence of your business account to authenticate your address. To learn more about setting up a business account on Remitbee, kindly visit this link.

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