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?
Low interest variable rate Small Business Term Loans
Do more for your small business with a special discounted variable interest rate below Prime Rate5 for up to 3 years.
Award-winning small business banking
Winner of “Best Small Business Bank in Canada” by Cosmopolitan Business Awards 2022.3
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 Net Mobile 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 September 1 and October 13, 2023, get guaranteed rates on a variety of terms for your small business2:
- 5.50% per annum on Canadian Dollar 1-year Non-registered, Non-redeemable GICs.
- 5.25% 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 you 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?
Call 1-877-955-HSBC (4722)
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.
Payment Solutions
Support to manage your business cash flow. HSBC helps you accept various payment choices so you can easily receive funds from customers and make payments to vendors, all while tracking your transactions.
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.
2 Terms and Conditions apply. Offer ends October 13, 2023. For full details, please read the terms and conditions.
3 For Cosmopolitan The Daily award information, visit site: https://cosmopolitantdaily.com/awards/award-winners-2022/
4 Terms and conditions apply.
5 Terms and conditions apply. Offer expires December 8, 2023. All applications, rates and credit amounts are subject to approved credit. The Prime Rate is subject to change. Some credit applications may not qualify for these low interest offers but may still qualify for a credit offer.
