Sorting out financials for a new business can be overwhelming and confusing. What accounts do you need? What credit card should you get? How do you set up your business for growth?
For businesses that are just starting up, there are a few foundational banking products and services that will help make day-to-day operations run more smoothly. Plus, some accounts can even help business owners build credibility, an important factor that will give you a better rate when scaling in the future.
Here’s a quick checklist of banking products that every entrepreneur should consider:
- Business chequing account for everyday transactions
- Business savings account for reserves and emergency funds
- Business credit card for expenses and credit history
- Line of credit (LOC) for short-term cash flow needs
And this is where Vancity can support you. For nearly 80 years, Vancity has been doing banking differently, tailoring its services to the unique needs of new businesses. For a limited time, new business members who join Vancity from now until June 30, 2026, earn up to $700* in value.
New business members can take advantage of one, two or all three offers this spring:
Offer one: Earn a $250* transaction bonus. When a business joins Vancity and opens an eligible business account, it can earn the cash bonus by completing 20 transactions within 90 days of opening the account. Eligible transactions include everyday activities such as deposits, bill payments, pre‑authorized payments, ATM transactions, cheques and Interac e‑Transfers®, allowing businesses to earn the bonus through regular banking.
Offer two: Earn a $250* new deposit bonus. Within 90 days of joining Vancity, new business members who deposit $10,000 or more into an eligible business chequing or savings account (and maintain an average daily balance of at least $10,000 for 90 consecutive days) can qualify for the deposit bonus.
Offer three: Apply for a Vancity credit card and earn a bonus of up to $200* in rewards. With no annual fee, the Vancity enviro™ Business Visa* allows cardholders to earn points on every purchase, along with bonus reward points offers based on their business spending.
Vancity is Canada’s largest community-based credit union and currently supports over 60,000 businesses. Its longstanding commitment to local investment means new business members will get a banking partner that deeply understands the community in which they operate. Connect with one of Vancity’s many business account managers today and get personalized advice about the best business accounts, credit cards and financing options that work for you.
To learn more or to book an appointment to open a business account, visit vancity.com/BizOffer.
For more on Vancity’s community banking options for business owners, visit vancity.com/business.
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*Terms and conditions apply. All offers are in CAD
enviro™ is a trademark of Vancouver City Savings Credit Union.
*Trademark of Visa Int. Used under license.
