Business Accounts

If you own a small business, time is probably one of your most valuable commodities. No matter what you do, you never seem to have enough of it.

At gfcu, we can help. Upgrade to Small Business Online Banking and discover online banking the way it was meant to be-smart, simple and seamless.

Designed especially for the needs of small and micro businesses, our online business banking upgrade gives you powerful, time-saving features in one convenient package.

Pay and file your business taxes

You already pay other bills online, why not pay and file your government taxes directly from your business account as well? Forget fiddling with forms or trying to find a stamp. A few clicks with online business banking and you can be done.

Consolidate your accounts

With Small Business Online Banking, moving money between your business and personal accounts is easy. See all your accounts at a glance-without having to login more than once.

Authorize users to view or initiate transactions

Do you hire an accountant, a bookkeeper or even a family member to keep your business finances in order? With online business banking, you can authorize your staff (delegate) to view your statements online at their convenience, without the hassle of paper statements. You can also authorize delegates to initiate transfers and bill payments. They start the process; you finish it by approving or declining each one.

Automate Dual Signature Approvals

Transactions created in Small Business Online Banking can also be set up to require approval from two people. Best of all, the notification process between both signers is fully automated. You'll be able to see what's pending as soon as you log in.

To upgrade to Small Business Online Banking, contact us to open an account for you.

Business Chequing Accounts Expand/Collapse

Maximizer for Business is a chequing account delivering daily interest, while Pay-as-you-go is designed for small business members who require few withdrawals each month.
Features Pay-As-You-Go Maximizer for Business
Monthly Fee $3.25* $3.25
Monthly limit of assisted and self-service withdrawals N/A N/A
Business Cheque Order At Cost At Cost
Interest N/A Tiered**
Statement Monthly (+ cheque images) Monthly (+ cheque images)
MemberCard® Free Free
Deposits Free Free
Assisted Service Withdrawals: In-branch transfers, etc $0.75 $0.75
Self Service Withdrawals: Interac®, CDN Credit Union ATM, MemberLink®, MemberDirect®, pre-authorized bill payments, etc. $0.75 $0.75
Non Credit Union ATM Transactions (Canada) $2.00 $2.00
International ATM Transactions (Incl US) $3.00 $3.00
Line of Credit Monthly Fee $5.00 $5.00

*Monthly fee is waived if $1000 if maintained in the account for full month
**Calculated on closing daily balance; paid to account monthly

Business Chequing Value Packs

 
Features 25 Pack 50 Pack 75 Pack 100 Pack 150 Pack 200 Pack
Monthly Fee $20 $38 $55 $70 $100 $130
Monthly limit of assisted and self-service withdrawals 25 50 75 100 150 200
Business Cheque Order At Cost At Cost At Cost At Cost At Cost At Cost
Statement Monthly (+ cheque images) Monthly (+ cheque images) Monthly (+ cheque images) Monthly (+ cheque images) Monthly (+ cheque images) Monthly (+ cheque images)
MemberCard® Free Free Free Free Free Free
Deposits Free Free Free Free Free Free
Assisted Service Withdrawals: In-branch transfers, etc Over monthly limit $0.75 Over monthly limit $0.75 Over monthly limit $0.75 Over monthly limit $0.75 Over monthly limit $0.75 Over monthly limit $0.75
Self Service Withdrawals: Interac®, CDN Credit Union ATM, MemberLink®, MemberDirect®, preauth bill payments, etc. Over monthly limit $0.75 Over monthly limit $0.75 Over monthly limit $0.75 Over monthly limit $0.75 Over monthly limit $0.75 Over monthly limit $0.75
Non Credit Union ATM Transactions (Canada) $2.00 $2.00 $2.00 $2.00 $2.00 $2.00
International ATM Transactions (Incl US) $3.00 $3.00 $3.00 $3.00 $3.00 $3.00
Line of Credit Monthly Fee $5.00 $5.00 $5.00 $5.00 $5.00 $5.00

Business Savings Accounts Expand/Collapse

 

Basic Business Savings

Our free Basic Business Savings account suits businesses that have few transactions each month, such as GST & PST and small to moderate savings needs. Interest is paid on every dollar on deposit, calculated on the closing daily balance, and paid semi-annually.  

Bonus Business Savings

Our Bonus Business Savings account is for business members who have larger balances and don’t want to place their money into term deposits. Interest is tiered, calculated on a closing daily balance, paid monthly.
Features Basic Savings Bonus Savings
Monthly Fee None None
Monthly limit of assisted and self-service withdrawals 5 5
Interest Flat rate* Tiered**
Statement Annually Monthly
MemberCard® Free Free
Deposits Free Free
Assisted Service Withdrawals: In-branch transfers, etc Over monthly limit $0.75 Over monthly limit $5.00
Self Service Withdrawals: Interac, CDN Credit Union ATM, MemberLink®, MemberDirect®, preauth bill payments, etc. Over monthly limit $0.75 Over monthly limit $5.00
Non Credit Union ATM Transactions (Canada) $2.00 $2.00
International ATM Transactions (Incl US) $3.00 $3.00
*Calculated on closing daily balance; paid to account semi-annually
**Minimum deposit $5000 calculated on closing daily balance; paid monthly

 

Community Builder Accounts (Not-for-Profit) Expand/Collapse

Community Builder Chequing

Our Free Community Builder Chequing account includes 15 withdrawals per month.

Community Builder Savings

Our Community Builder Savings account includes free withdrawals and interest paid on every dollar on deposit, calculated on the closing daily balance, and paid semi-annually.

Features Community Builder Chequing Community Builder Savings
Monthly Fee None None
Monthly limit of assisted and self-service withdrawals 15 15
Business cheque order At Cost N/A
Interest N/A Flat Rate*
Statement Monthly (+ cheque images) Annually
MemberCard® Free Free
Deposits Free Free
Assisted Service Withdrawals: In-branch transfers, etc $0.75 (Over monthly limit) $0.75 (Over monthly limit)
Self Service Withdrawals: Interac®, CDN Credit Union ATM, MemberLink®, MemberDirect®, pre-authorized bill payments, etc. $0.75 (Over monthly limit) $0.75 (Over monthly limit)
Non Credit Union ATM Transactions (Canada) $2.00 $2.00
International ATM Transactions (Incl US) $3.00 $3.00
Line of Credit Monthly Fee $5.00 N/A
Cheques N/A $5.00 each

*Calculated on closing daily balance; paid to account semi-annually

US Accounts Expand/Collapse

Our US Chequing for business account is a pay-as-you-go account designed for business members who need to carry out transactions in US Dollars.
Features
Monthly Fee $5.00 USD
Monthly limit of assisted and self-service withdrawals N/A
Busines cheque order At Cost
Interest Tiered*
Statement Monthly
Deposits Free
All Withdrawals $1.25 USD

*Calculated on closing daily balance; paid to account monthly