Current account
Our current account is an account established under your company name. It allows you to conduct your daily business transactions: deposits, payments and transfers, drawing cheques, etc. All your banking can be done at your total convenience – at your LBC branch, by phone or through our LBCDirect electronic services*.
We offer accounts in Canadian and U.S. currencies, or in Euros to allow you to optimize the management of your payments and general cash flow. We also offer different fee options and interest rates based on your account package.
Advantages
- Unlimited access to information about your account balance and transactions
- One free** transaction for every $1,250 of the monthly minimum balance of your account
- Transfer of funds between your LBC accounts (bearing the same suffix)
- Payment of invoices, downloading of your account statement or payment of your Laurentian Bank Corporate Visa account
- Free client card
- Possibility to make deposits, withdrawals, transfers and bill payments at your branch, and deposits at any LBC branch that accepts business deposits
- Monthly statements in hard copy or via Epost electronic mail
- Access to LBC automated banking machines for deposits, withdrawals, transfers and bill payments
- Tax filings and payments
Since March 14, 2018, the maximum hold period on deposits not made by tellers is 5 business days, regardless of the amount deposited. Our hold funds policy remains the same for deposits made over the counter, that is, 4 to 7 business days according to the amount of the deposit. The hold is applicable to the amount exceeding that which is permitted by the customer’s deposit withdrawal rating or under the Access to Funds Regulations. Refer to the My Transactional Tools brochure for more details.
Clients from Ontario and Western Canada can make their deposits at the real estate financing centre of their choice or at the TD Canada Trust branch of their choice. Contact one of our financing centres to find out more.
* Fees of $6.95 per month, free with our Business banking plans.
**Transaction value of $0.90.
