Borrowing & Investing

Business Accounts

Business and commercial banking accounts tailored to your business needs without hidden fees. Imagine that!

Please note that effective September 1, 2026, our Business Account features and fees have been updated.
For all details of the new pricing and features, please visit our business account changes page.

Details on Fees and Forms →

Open an account with the commercial business team →

Essential Business Chequing Account¹

Enjoy simple pricing and great perks with this Small Business Chequing Account.

Key Features

  • $5.00 monthly fee
  • 10 FREE transactions per month2
  • 4 FREE e-Transfers (rebated at month-end)3
  • $2.50 per $1,000 cash and coin deposited (first $1,000 free)4
  • In-branch transactions $1.00 each
Get Started
Service Fee Brochure →

Digital Business Chequing Account¹

A Digital Business Chequing Account with unlimited self-serve transactions for businesses whose banking needs are mainly digital.

Key Features

  • $10.00 monthly fee (waived when you maintain a balance of $5,000)5
  • Unlimited self-serve & electronic transactions per month2
  • 10 FREE e-Transfers (rebated at month-end)3
  • $2.50 per $1,000 cash and coin deposited (first $1,000 free)4
  • 2 FREE in-branch transactions per month
Get Started
Service Fee Brochure →

Premium Business Chequing Account¹

Our Premium Business Chequing Account is for businesses with lots of transactions both online and in-branch, with free cheque clearings, free cash & coin deposits, and more.

Key Features

  • $25.00 monthly fee (waived when you maintain a balance of $25,000)5
  • Unlimited self-serve & electronic transactions per month2
  • 10 FREE e-Transfers (rebated at month-end)3
  • Up to $10,000 in cash and coin deposited per month for FREE4
  • 25 FREE in-branch transactions per month
  • 75 FREE cheque clearings per month
Get Started
Service Fee Brochure →

Business E-Savings Account¹

Earn a premium interest rate with this online banking account for businesses.

Key Features

  • A competitive tiered interest rate
  • Free online transactions
  • No minimum balance
Get Started
Service Fee Brochure →

U.S. Dollar Chequing Account¹

Meet all your U.S. dollar commercial banking needs with this chequing account.

Key Features

  • Competitive flat monthly fee customized to your account activity
Get Started
Service Fee Brochure →
1 Effective September 1, 2026. Additional terms and conditions apply. Account fees are subject to change.
2 Transaction: Includes pre-authorized debits, pre-authorized credits, bill payments online, transfers between accounts, ATM debit transactions and using telephone banking.
3 Interac e-Transfers will be charged at the time of transfer, but rebated at month-end in accordance with package conditions. Registered trade-mark of Interac Inc. Used under license.
4 Cash and coin fee will be charged separate from the monthly fee and applied after month-end in accordance with package conditions.
5 Minimum monthly balance must be maintained for the entire month in order to waive package and/or additional transaction fees.

Let’s work together

The right business banking solutions can save you time and money. Connect with PenFinancial's commercial business team to experience how your business can thrive with truly local banking.

Meet the Commercial Team