Accounts

Doing business today is hectic, complex, and sometimes downright challenging. You – and your business – deserve a financial partner that’s behind you all the way.  Alterna works in your favour; it puts your business first. At Alterna we do that by offering you a variety of account and banking package choices, along with convenient access and competitive fees.

As well, we can provide payroll and other services your business requires.

Welcome to banking at Alterna. We think you’ll enjoy our innovative approach.

Types of Business Accounts

Chequing

Get day-to-day banking at its best with several convenient chequing account options:

  • Business Chequing: This day-to-day chequing account pays interest calculated on the daily closing balance and paid monthly.
  • Business Simply Chequing: This day-to-day chequing account is for businesses that prefer interest free banking. 
  • Lawyers Trust Account: This chequing account is for lawyers and law firms to deposit client funds in trust for future payout. These mixed Trust Accounts are designed to meet the reporting requirements of the Law Foundation of Ontario.

To learn more, visit our page on banking services for non-profit organizations.

Savings

Make your money work harder for your business with one of Alterna’s savings accounts:

  • Business Daily Interest Savings: This business savings account earns interest, calculated on the daily closing balance, based on tiers and paid monthly, while also providing 2 free day-to-day transactions monthly.
  • Business Investment Savings Account: This account offers businesses an investment option that pays significantly higher interest than a traditional savings account.

US Dollar Accounts

If you regularly travel to the US for business, or buy and sell goods in US dollars, our convenient US Chequing and Term Deposit options will help you protect your company from exchange rate fluctuations. 

US Chequing:
Do you travel to the US, live there part-time, or buy and sell in US dollars? If so, you’ll enjoy the convenience of banking in US dollars with Alterna’s US Chequing Account.

US Term Deposits:
If you want to earn interest at a guaranteed rate on your US dollars then this is the perfect investment for you. What other benefits can you expect from our US Dollar Term Deposits?

  • Flexible terms available - up to one year and between one and five years
  • Competitive interest rates - guaranteed for the term of your investment
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