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BankBank AccountMonthly FeeMonthly Fee Waiver BalanceIncluded TransactionsIncluded Deposits (e.g. cheque)Transaction FeeOnline BankingDebit CardChequesRequired Documents for Account OpeningLink
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BMOCommunity Account2.5500020 (including 5 in-branch deposits)251.25Yes (With free eStatements)YesYes- Articles of Association
- Copy of by-laws or constitution disclosing names and titles of directors/officers
- Letter from organization disclosing who has the authority to open and operate the account
- Name, address, occupation or nature of primary business
- Name, occupation and DOB information, along with personal identification, for up to three authorized signatories
- Name and occupation information for any directors or officers
https://www.bmo.com/main/business/accounts/community-account/
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AlternaNon Profit Account4100020 + free depositsfreefreeYes (With free eStatements)yesyeshttps://www.alterna.ca/Business/ServicesAndSupport/OrganizationBanking/
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TDCommunity/Not-For-Profit$1.95 or $4.95 for plus5000, or 10,000 for plus5, or 30 with plusfree then 1.25 after 5 transactionsyes (With free eStatements)yesyeshttps://www.td.com/ca/en/business-banking/small-business/bank-accounts/community-not-for-profit-plan/
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Desjardins - sent inquiryNon-for-profit, community oriented$2.95n/a20 operationsdeposits counted as an operation20 free each month, $1.50 after thatyes (With free eStatements)yes yes - Articles of Association
- Copy constitution disclosing
- board minutes showing approval of signers
- Name, address, occupation or nature of primary business
- Name, DOB, along with personal identification, of all board members
- Speak with each signer (+same info as board members)
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Scotiabankcommunity account$310 operations
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