Operating Accounts
An ATB business chequing account keeps your money safe while allowing you to manage business transactions effectively.
Three new accounts for business
How an operating account can work for you.
Accounts for every business
We have operating accounts tailored to your business, including specialized offerings for different industries and startups.
For all business transactions
Whether you make five transactions or hundreds per month, there's an affordable operating account for you and your business needs.
Access on-the-go
Use the ATB Business Mobile banking app to manage your business funds from wherever you and your smartphone go.
Limited time small business banking offer
Get up to $1,000 with a new business operating account and Mastercard®.
Find the right operating account for your business.
Get your business going
Free Banking for 2024 Startups
Get a Business Plus Account or Business Self-serve Account and an Alberta Rewards BusinesscardTM for one year.
Low fee, 100 free digital transactions
Business Self-serve Account
Take care of your banking yourself–digitally with our lowest fee account. You’ll only pay for in-person banking when you use it.
Bank all the ways you need
Business Plus Account
This account is perfect for businesses that want the flexibility of digital, in-branch, and ABM banking for one monthly fee.
Substantial account activity
Business Premium Service Account
Get numerous transactions plus team member assistance for one monthly fee (waived if you maintain a balance of $75,000 monthly).
Help for those who help
Community Spirit Account
We'll set your charity or community organization up with an account that has flexibility, no monthly fee and 15 free transactions.
Frequently Asked Questions
To open your business savings account, what we’ll need depends on the type of business:
- Sole proprietorship
- Two pieces of government-issued ID
- Trade name registration, if applicable
- Social Insurance Number (if opening an account that earns interest)
- Partnership
- Two pieces of government-issued ID from each partner
- A partnership agreement
- Trade name registration, if applicable
- Social Insurance Number (if opening an account that earns interest)
- Corporation
- Two pieces of government-issued ID from all signing authorities
- Up-to-date articles of incorporation and certificate of incorporation
- Shareholder registry
- Notice of directors
- Non-profit company
- Articles of association
- Signed letter or meeting minutes naming authorized signers, if not addressed in the articles of association
- Resolution indicating who has the power to bind
- Charitable organization
- Documents required depend on whether the charity is incorporated or unincorporated (see above)
Yes.
On the legal side, having a separate business banking account protects your personal assets. Many small business owners form a limited liability company (LLC) or corporation to shield personal assets from unexpected changes in the business.
In order to keep that personal liability protection, you need to properly maintain your LLC or corporation, including drawing a clear line between your business and personal finances. By opening a business bank account, you're making sure that your business is its own entity.
Plus, when it comes to paying taxes, a business account makes it easier to stay on top of your books when tax time rolls around. You'll save time in tracking your spending and receipts, while making sure you take advantage of all your business deductions.