Best Business Account in Canada?

[Le0]

I am looking to make my business a little more official. I can also apply to a few grants, but having a separate account for the business is a requirement. I have already gotten out of personal bank fees because I keep a minimum amount in the account.

But what is the best account for business? I am tempted to just us PC.

[scrubbyfish]

Variables specific to your business will factor in: how many transactions per month, what type, etc.

If you will be receiving USD money through PayPal, RBC seems to be the best option last I checked (about two years ago). For some reason, this is the only Canadian bank that can skip an extra conversion that PayPal will otherwise impose.

I recently moved to TD, and am unhappy with it -too many errors on their part.

[Prairie Gal]

I use PC Financial for my business transactions, which are very limited. It really helps with the bookkeeping at year end to have the business transactions all in one separate account.

[Le0]

Interesting information about RBC. I'm not sure how many transactions I am looking at to be honest. Right now I receive at least 2 a month. I imagine that will go up once I move into the business full time.

I will also have to check the place I am getting a grant from, maybe they require a specific kind of account, but otherwise I am looking a PC because there are no fees.