A basic business account that allows you to:
- Issue cheques and pre-authorized payments.
- Receive electronic payments.
- Make in branch deposits for same-day availability.
- Receive monthly statements for all account transactions.
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A combination of loan and deposit services.
Loan Services
Provides a line of credit to assist with the day to day operations of a business or First Nation.Credit limit established based on a percentage of the annual budget or proven cash flow.Credit limit subject to annual review and approval.Interest is calculated daily on the outstanding balance at the Peace Hills Trust prime rate plus an incremental percentage.
Deposit Services
Issue cheques and pre-authorized payments.Receive electronic payments.Make in branch deposits for same-day availability.
Other Benefits
Receive monthly statements for all account transactions.One-time, no penalty early redemption feature for Guaranteed Investment Certificates limited to 20% of the GIC amount.
Fees
Annual operating fee charged as a percentage of the amount of the credit limit. Covers all transaction costs.
A Guide to Deposit Accounts and Service Fees - Business Deposit Accounts
This Guide provides details on Business Deposit Accounts offered by Peace Hills Trust, including Related Account Information and applicable Service Fees.
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Pre-Authorized Debits (PADs)
Pre-Authorized debits (PADs) are a convient way to collect recurring payments, like mortgages and utilities, membership dues, charitable donations, RSP investments, and insurance premiums.
Wire Payments
Choose wire transfers for critical, time-sensitive, or large value payments since the beneficiary can access the funds on the same day the transfer is sent with full confidence that the payment will not be reversed for any reason.
Whether you’re just starting out or fully established, our business insights will help you ensure long-term success.
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