Reply To: How to open bank account for condo corp?

[karebearbennettgmail-com]

Posted: 15/10/2021 8:13 am

@gypsy

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!