Starting Your Business

Every small business is unique, but all have certain things in common. Whether you're a sole proprietor or a $5 million enterprise, you have to know something about everything.

Competing in today's complex business environment demands vision, flexibility, and a financial partner that will be with you for the long haul. If you are considering buying a business, opening a franchise, or buying out a partner, you need skillful capital raising and advisory services. Kootenay Savings has the capability to guide you through the entire transaction.

Business Accounts

We are committed to providing your business with value and convenience. Our business accounts offer you features that can definitely make your business banking easier.

Business Accounts

Pay-as-you-go: Business Lite
•    $6 mininum** monthly fee
•    1 FREE in-branch withdrawal or transaction

For Small Businesses: Business Plus

•    $16 monthly fee
•    20 FREE transactions*

For Mid-Sized Businesses: Business Pro
•    $26 monthly fee
•    40 FREE transactions*

For Larger Businesses: Business Premium
•    $36 monthly fee
•    60 FREE transactions*

Customized for your Business: Business Prestige
•    Monthly fee based on your activity and balances
•    Unlimited FREE transactions*

For Members 18-29 with a Business: Enterpreneur Account
•    $5 monthly fee
•    15 FREE transactions*, eStatement only

For US Currency Transactions: US Dollar Accounts
•    $0 monthly fee
•    Pay-as-you-go Transactions*

For Flexible Accessible Savings: Summit Savings
•    $0 monthly fee
•    All transactions $3
•    1 FREE in-branch withdrawal or transfer

*FREE Transactions include: In-branch withdrawals and transfers, pre-authorized withdrawals, debit card purchases, cheques, KSCU ATM withdrawals, Other Canadian credit union ATM withdrawals, Mastercard transactions, online/telephone/mobile banking.

GLOBAL PAYMENT Mastercard® card is not accepted at any ATM Globally.  ATM withdrawals are not permitted on Business Incorporation accounts.

**Service charges up to $6 covered by monthly fee, charges over $6 are pay-as-you go.  Interest rate for exceeding your line of credit or overdraft is 21%, compounded monthly.

Community Accounts

For Small Organizations: Community Plus
•    $2.50 monthly fee
•    No monthly fee with minimum $250 monthly balance
•    10 FREE transactions*

For Mid-Sized Organizations: Community Premium
•    $5 monthly fee
•    No monthly fee with minimum $500 monthly balance
•    20 FREE transactions*

For Larger Organizations: Community Prestige
•    Monthly fee based on activity and balances
•    Unlimited FREE transactions*

*FREE Transactions include: In-branch withdrawals and transfers, pre-authorized withdrawals, debit card purchases, cheques.  ATM transactions are not permitted on this account.

Interest rate for exceeding your line of credit or overdraft is 21%, compounded monthly.

 
Business Hand Shake

Stages in Your Business

Everything you need to know about starting and growing your own business.