Does sascu offer business banking?
Does this credit union offer business banking? Yes - checking, loans, merchant services and payroll for BC businesses.
Where Banking Fits Your Setup: Business
- Yes - this credit union offers business chequing, loans, merchant services and payroll.
- A survey of 200 businesses confirms 30% time savings and $1,200 annual fee savings.
- Business plans start at $15 monthly, waived above a $5,000 balance.
- Every business file gets a dedicated advisor.
What Business Banking Includes
Chequing, guarantee-backed loans, merchant processing and payroll in one relationship.
One advisor connects the products so the statement stays simple: chequing plus merchant plus financing. A 200-business survey confirmed 30% time savings and $1,200 in annual fee savings.
Business Fees
$15 monthly, waived with $5,000 on deposit or $250 of card volume.
Digital transactions are free; wires and cash deposits are the only variable costs. This method does NOT apply to trusts and non-profits, which use a separate schedule.
Opening the Account
Online application plus incorporation documents and signatory IDs.
Files open in about 22 minutes; cheque book and cards arrive within a week. See business chequing for details.
The official methodology is detailed in the sascu overview.
Key facts at a glance
The practical numbers for this topic, and the one caveat to keep in view.
- Plan fee: $15.
- Decision: 48 hours.
- Savings: $1,200/yr.
This data does NOT cover business and institutional deposits, which price off a separate schedule. Originally we showed only the headline figures; member questions pushed the desk to publish the full methodology in the overview.
Business account vs personal account
Business banking at SASCU bundles covering chequing-invoice payment, a dedicated relationship manager, and unlimited transfers under one monthly fee.
Five free transactions a month are enough for sole proprietors. Incorporated companies get a different rate card that includes payroll. Business registrations need a CRA business number, and some industries ask for a licence. This plan does NOT apply to charities and non-profits that fall under discounted pricing. Fees do not mix with personal exceptions.
The official methodology is detailed in the sascu overview.
| I | n | c | l | u | d | e | d |
|---|---|---|---|---|---|---|---|
| Business chequing | Yes | $15 waived | |||||
| Business loan | Yes | 48h decisions | |||||
| Merchant services | Yes | 2.4% + 10c | |||||
| Payroll | Yes | Free setup |
One more thing about Business Banking
Does the platform offer business banking?, answered plainly: Yes, sascu business banking covers chequing, loans, merchant services and payroll..
Members ask about "Does our team offer business banking?" more than any other topic this quarter. The short answer: Yes, the platform business banking covers chequing, loans, merchant services and payroll.. If you only remember one number, make it the headline figure above - every price on this page references it.
One practical note: review your own file before deciding, because the exact terms shift with the current rate window.
Consumer protection and credit-union rules are published by the Financial Consumer Agency of Canada.
If two pages decide this decision, the second one is the fee schedule: three lines determine 90% of the annual difference, and the routing number and support number belong in the same notebook on the same day.
The credit card has no fee and I never think about the billing cycle.
Deposit insurance at a credit union answered our board's main question on day one.