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Business Chequing Account
Business Chequing Premium¹
Our Business Chequing Premium Account takes care of your day-to-day transactions for a low monthly fee of $5.00, with no hidden or escalating costs.
Key Features of Business Chequing Account
- Low monthly fee of only $5.00
- No minimum balance requirement
- Access your account 24 hours a day through ABM, Internet and phone banking
- Available in Canadian and US dollars
- Unlimited in-branch withdrawals and deposits
- Unlimited access to over 3,600 ABMs - Unlimited deposits, withdrawals and balance
inquiries at any ICICI Bank Canada ABM or THE EXCHANGE® network of ABMs‡ - Unlimited bill payments online or at any of our branches
- Unlimited direct deposits and pre-authorized debits
- Unlimited online transfers to and from your external linked accounts
- In-branch international and domestic wire transfers - $10 per transaction if currency exchange is involved
- Safe and Secure: ICICI Bank Canada is a member of CDIC. Learn more about Canada Deposit Insurance.
¹Formerly called Business Chequing Account.
Business Chequing Elite
With our Business Chequing Elite Account, you can focus on your day-to-day business activities while earning interest on your balance.
Key Features of Business Chequing Elite Account
- Monthly fee of only $24.95
- No minimum balance requirement
- Monthly fee rebate for maintaining a daily minimum balance of $20,000
- Available in Canadian and US dollars
- Tiered interest rates for balances over and above $20,000
- Free initial cheque book of 50 cheques
- Access your account 24 hours a day through ABM, Internet and phone banking
- Unlimited in-branch withdrawals and deposits
- Unlimited access to over 3,600 ABMs – Free and unlimited deposits, withdrawals and balance inquiries at any ICICI Bank Canada ABM or THE EXCHANGE® network of ABMs‡
- Unlimited bill payments online or at any of our branches
- Unlimited direct deposits and pre-authorized debits
- Unlimited online transfers between to and from external linked accounts
- In-branch international and domestic wire transfers – Free of charge if currency exchange is involved
- Safe and Secure: ICICI Bank Canada is a member of CDIC. Learn more about Canada Deposit Insurance.
Interest Calculation:
Interest is calculated on daily closing balance and paid monthly. Interest is paid on portions of the balance within each tier based on the interest rate for that tier. The first interest payment is credited in the month following the month in which the account is opened.
In respect of both the Business Chequing Premium and Business Chequing Elite Accounts, interest is paid and fees are charged in the currency of the account.
‡ Neither ICICI Bank nor any of THE EXCHANGE® network ABM providers impose a surcharge for ABM deposits, withdrawals or inquiries.
*See the Disclosure Statement of Fees and Charges for Business Accounts for our service fees and applicable conditions.
