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Home COFSAB Forum Condo Owners Forum Q&A How to open bank account for condo corp? Reply To: How to open bank account for condo corp?

  • Karen Bennett

    April 10, 2022 at 6:05 pm

    Posted: 15/10/2021 8:13 am


    On-line banking is available for corporations even if 2 signatures are necessary. Set up the account so one board member pays the bill  (etransfer, one-off, or etf) and another board member approves the payment, on-line, before it is processed by the bank. ATB does this but their fees are very high. National also does this I think. The big banks are expensive so you will need to shop around for this service.

    Please spread the word!
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