How to open bank account for condo corp?
Posted: 23/05/2021 11:11 am
Went to TD to open account for our new condo corp with registered bylaws and condo plan.
And minutes showing the elected board, including me. and showing decision to open bank account.
- They told me I need to go to registries and get articles of incorporation. Is that true?
- As a 4plex side by side condo, do we have to pay commercial fees, like $100 for 50 cheques? Or has anyone got a Non profit account?
- TD told me that no online banking available if we require two people to sign. Are all banks like that?
Does anyone have better experience? With other banks, ATB? Servus?
Any helpful information appreciated.
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