Small Business banking that puts you in control
Get everything you need to manage your day-to-day business transactions with our chequing accounts, or keep your extra cash secure and set aside funds for any future needs with our interest-earning savings account.
Ready to get started?
Get more out of banking with HSBC Fusion
Total Relationship Balance
Get monthly fees waived on up to 5 Small Business chequing accounts when you meet the minimum Total Relationship Balance (TRB).
Flexible chequing accounts
Each small business is different – choose the chequing account that best suits your small business needs from monthly transactions to deposits.
Secure, simple mobile access
Access both your small business and personal accounts using one log on with the HSBC Fusion Canada app.
A no-fee Business Savings Account
Your small business can save and grow more with no monthly fees.
Small Business chequing accounts
HSBC Start Chequing
A low fee option for businesses just starting out.
- $5 monthly fee
- Minimum TRB: $10,000
- 10 transactions per month
- Deposit fees:
‒ Cheques: $0.20 each
‒ Cash: $2.50 per $1,000 deposited / month
HSBC Smart Chequing
Best for businesses that require additional transactions each month.
- $30 monthly fee
- Minimum TRB: $60,000
- 60 transactions per month
- Deposit fees:
‒ Cheques: First 45 included,
then $0.20 each
‒ Cash: First $5,000 included,
then $2.50 per $1,000 deposited / month
HSBC Unlimited Chequing
A great plan with all the benefits of the Smart Chequing account plus enjoy unlimited transactions.
- $60 monthly fee
- Minimum TRB: $120,000
- Unlimited transactions per month
- Deposit fees:
‒ Cheques: First 100 included,
then $0.20 each
‒ Cash: First $15,000 included,
then $2.50 per $1,000 deposited / month
HSBC Business Savings Account
Do more with your savings: if you have additional cash you don’t require for your everyday business needs, open a High Rate Savings Account and watch your money grow:
- $0 monthly fee
- No minimum balance required
- Easily transfer money between your chequing and savings accounts
- $0.20 fee per cheque deposited
- $2.50 cash deposit fee per $1,000 deposited per month
- Earn on tiered, competitive interest rates
View full details regarding our products and related fees and service charges.
HSBC Small Business GIC Offer
Between June 1, 2022 and July 15, 2022, get guaranteed rates on a variety of terms for your small business3:
2.25% per annum on Canadian Dollar 180-day Non-registered, Non-redeemable GICs.
3.05% per annum on Canadian Dollar 1-year Non-registered, Non-redeemable GICs.
3.50% per annum on Canadian Dollar 2-year Non-registered, Non-redeemable GICs.
2.60% per annum on Canadian Dollar 1-year Non-registered, redeemable GICs.
The minimum deposit for each GIC is $500 CAD.
Already an HSBC Fusion Small Business customer?
Talk to your dedicated Business Relationship Manager to transfer funds to your GIC on your terms.
Not yet an HSBC Fusion Small Business customer?
Open a Small Business Chequing account online.
Need to talk to us?
HSBC Fusion: empowering your business and personal banking
Get more out of banking with HSBC Fusion. Manage your small business and personal accounts in one place, with one point of contact for all your banking needs. Plus, get extra services to help you thrive at work and at home.
Multiple ways to get you started
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$100* cashback on Small Business Chequing accounts for Newcomers
Whether you arrived recently or still abroad, you can open a Small Business Chequing Account and receive a $100* cashback.
Professionals Banking Program
For professionals running small businesses. Get specialized pricing for both your small business and personal needs.
Low rate Small Business Term Loans
Issued by HSBC Bank Canada
* Terms and Conditions apply.
1 To be eligible for HSBC Small Business Banking, your business must be a sole proprietorship, partnership or corporation domiciled in Canada and generate an annual gross revenue below $5 million CAD. Other requirements may apply.
3 Terms and conditions apply. Offer ends July 15, 2022. For full details, please read the CAD Offer terms and conditions.
4 Terms and conditions apply. Offer ends July 29, 2022. Some credit applications may not qualify for these low interest offers but may still qualify for a credit offer. Following the initial introductory low variable rate for the first year or first two years, as applicable, standard variable rates will apply. The maximum term length is five years. All rates are per annum and subject to change without notice.
5 All applications, rates and credit amounts are subject to approved credit.
6 Terms and conditions apply. Offer ends November 30, 2022.