Business Banking

Information on business banking through our online banking platform.

Payments & Transfers

Interac e-Transfer Limits - Business

Maximums Outgoing (Sending) Incoming (Receiving)
Amount per transfer $10,000 $10,000
Amount per day $20,000 $20,000
Amount per 7 days $50,000 $140,000
Amount per 30 days $100,000 $600,000
Amount per request $3,000 $3,000
Instant Transfers
Max. amount per Instant Transfer $500
24-hour rolling limit for Instant Transfers $500
Max. amount per Instant Transfer with history $5,000

Please note that there is a 30-minute cool-down period before the eTransfer is sent if it is over the limits for instant eTransfers.


Last updated November 5, 2024

Linking Accounts in Digital Banking

Please note that consolidating your profiles can only be done through online banking using a laptop or computer.

  1. Sign in to Business banking account through online banking. From the home page, select 'Business Services'

  2. Select 'Profile Consolidation'

  3. Select 'Add profile'

  4. Type in the username and password for your personal account

  5. Select 'Continue'

  6. Confirm your account details and select 'Continue'

  7. Success! Your personal and business account has been consolidated.


Last updated June 12, 2024

Please note that switching profiles can only be done after consolidating your profiles.

How to switch profiles on desktop

  1. Sign in to your online banking. From the home page, select your Profile

  2. Select the profile you would like to switch to

  3. Confirm that you would like to switch profiles, and select ‘Switch profiles’

  4. Success! You have switched profiles.

How to switch profiles on mobile

  1. Sign in to your 1st Choice mobile app. From the home page, select 'More'

  2. Select 'Profile'

  3. Select 'Switch profile'

  4. Select the profile you would like to switch to

  5. Confirm that you would like to switch profiles, and select 'Switch profile'

  6. Success! You have switched profiles.


Last updated June 13, 2024

Managing Authorized Users in Digital Banking

Please note that delegate management can only be done through online banking using a laptop or computer.

  1. Sign in to Business banking account through online banking. From the home page, select 'Business Services'

  2. Select ‘Delegate management’

  3. Select ‘Add delegate’

  4. Create a delegate username using the guidelines on-screen

  5. Add your delegate’s name and select their access level. The differences between the levels can be seen by clicking ‘View access level comparison table’

  6. Select the method of communication for your delegate’s temporary password

  7. Enter their email address and confirm the address by entering it again

  8. Select the country and enter their phone number

  9. Re-enter the phone number to confirm

  10. Read through the disclaimer, click the green box to confirm, and select ‘Continue’

  11. Confirm the delegate details, and select ‘Continue’

  12. This requires authentication. Enter the code send to you via text message or email

  13. Select ‘Continue'

  14. You have successfully added a delegate to your business account!


Last updated July 16, 2024

Basics

Business accounts

Statements & balances

Payments & transfers

Cheques

Deposits

Business debit cards

Business credit cards

Digital banking for business

Understanding account delegates

Removing delegates

Quickbooks

Sending money internationally

CRA tax payments

Cash and cheque deposits

Business guidance

Safety checklist for businesses

Updating your business information

Need Assistance?


Call Us

1-866-803-0733

Open 8am to 4pm, Monday through Friday

Or view other branch contacts>

Email Us

info@1stchoicesavings.ca

Typically responds in 1 business day

Get Advice

Meet with an advisor. 

Book an Appointment

Or visit a branch>

Need Assistance?


Call Us

1-866-803-0733

Open 8am to 4pm, Monday through Friday

Or view other branch contacts>

Email Us

info@1stchoicesavings.ca

Typically responds in 1 business day

Get Advice

Meet with an advisor. 

Book an Appointment

Or visit a branch>

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