Basic Commercial Chequing Account

With holistic coaching on all your business needs, Libro is a leader in commercial banking. Our industry experts can help you navigate a variety of specific banking types and provide you with different commercial banking account options that keep your best interest in mind. The Basic Chequing Account package is for those with lower balances and/or transaction volumes.

Business Chequing Features

  • Annual Interest Rate

    0.5%

  • Paperless Statements

    Yes

  • Transaction Fees

    Yes

  • Monthly Fee

    Yes

  • Deposit Insurance

    -

  • Account Opening Bonus

    -

  • Overdraft Protection

    -

  • Tiered Interest Rate

    Yes

Business Chequing FAQ

Is a Business account required?

Every business should have its own bank account. There are legal reasons to keep your personal and business funds separate as well as tax ramifications. It also simply makes good sense.

Are there minimum balance requirements?

Do business checking accounts have minimum transaction amounts?

Can I use a personal checking account for business?

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Service Info

Libro Credit Union

Verified within the past few weeks

Libro Credit Union is a Credit Union based in London, Ontario. Libro offers many financial services, including chequing and savings accounts, loans, mortgages, and investments along with financial coaching and advice for consumers, and farm and business owners. Deposits are insured by the Deposit Insurance Corporation of Ontario

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