Business Account Opening Requirements

Bank Accounts

Make your business account opening seamless. Learn more about what’s needed to open a business account and how to change signing authorities.



1. Requirements

Here is a prepared check list of what you need to make account opening easy and convenient.

New Accounts

Sole Proprietor:

  • Business Name Registration (must be registered)
  • Legal address description is required when owner uses a PO Box
  • One piece of valid Government Issued Photo ID and Social Insurance Number

Please book an appointment to avoid any wait times at an advice centre/branch or over the phone.

Partnership:

  • Business Name Registration (must be registered)
  • Partnership agreement
  • Legal address description is required when owner uses a PO Box
  • One piece of valid Government Issued Photo ID and Social Insurance Number

Please book an appointment to avoid any wait times at an advice centre/branch or over the phone.

Corporation:

  • Business Name Registration (must be registered)
  • Legal address description is required when owner uses a PO Box
  • One piece of valid Government Issued Photo ID for each authorized signor

Please book an appointment to avoid any wait times at an advice centre/branch or over the phone.

Unincorporated Organization/Associations:

  • Articles of Association (if applicable)
  • Legal address description is required when owner uses a PO Box
  • Minutes of meeting (signed by two) or letters from leagues or governing bodies
  • One piece of valid Government Issued Photo ID for each authorized signor

Please book an appointment to avoid any wait times at an advice centre/branch or over the phone.

2. Signing Authorities

Need to make changes to your existing account? No problem! Here is a prepared checklist of what is required to make this process stress free:

Sole Proprietor/Partnership:

  • Business Name Registration (must be registered)
  • Partnership agreement
  • One piece of valid Government Issued Photo ID for each authorized signor

Please book an appointment to avoid any wait times at an advice centre/branch or over the phone.

Corporation:

  • Business Name Registration (must be registered) if shareholders, officers or directors are changing or have changed
  • One piece of valid Government Issued Photo ID for each authorized signor

Please book an appointment to avoid any wait times at an advice centre/branch or over the phone.

Unincorporated Organization/Associations:

  • Legal address description is required when owner uses a PO Box
  • Minutes of meeting (signed by two) or letters from leagues or governing bodies stating signing authority changes
  • One piece of valid Government Issued Photo ID for each authorized signor

Please book an appointment to avoid any wait times at an advice centre/branch or over the phone.



Learn more about our accounts and services. Review our Account and Fee Information (pdf).