Business Account Opening Requirements

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).

Identify the interest rates applicable to your account(s) and how they're calculated. Review our About Our Interest Calculations (pdf) document.