Small Business Online Banking

Saving small business owners time and money

Running a small business requires a lot of time, money and hard work. With a small team of employees, we understand you carry much of the weight to keep your business in motion. With online banking designed for small business, we can help in a big way.

It’s Canada’s first financial online banking product designed specifically to meet the needs of small businesses. This new service offers you a tailored online solution – from allowing multiple users to login to one account, to providing peace of mind with transaction management using dual signature support. Features like 24/7 access through online and mobile banking goes further; helping you better manage your finances so you can stay focused on your business’ success.

Key product features

Small Business Online Banking includes a range of features that make it a smart, simple, and stress-free financial option.

  • Account consolidation
    Signers can group up to three personal and small business accounts together to view account balances and conduct transactions between accounts using a single login.
  • Multiple user support
    You can add up to three delegate users. Profiles for delegates allow you to assign view only and initiator rights functions. Initiator rights allows a delegate to initiate transactions for the account signer(s) to approve, either online or via a smartphone or tablet.
  • Dual signature support
    With dual signature support, one signer can initiate a transaction and have another signer approve or decline a submitted transaction.
  • Mobile access
    You can view your accounts, make bill payments, transfers – including an Interac® e-Transfer – and deposit cheques on-the-go. Additionally, the Transaction Manager feature allows you to view, approve or reject tasks initiated by dual signers or delegates right from your mobile device.
  • Deposit Anywhere™
    Remotely deposit a cheque using your mobile device, from anywhere, day or night.
  • Online Banking Alerts
    Sign up to receive email and/or text alerts each time:
     - A delegate or another signer on the account initiates a transaction requiring approval
     - A transaction requiring approval is about to expire 
  • Interac® e-Transfer with Support for Dual Signers
    Small Business Online Banking offers Interac® e-Transfer functionality, with the addition of dual signature support if you are accustomed to dual signer controls for your transactions.
  • NEW Workers Compensation Payments can now be completed through MemberDirect Small Business

Small Business Online Banking Demo

How do I get started?

Spend more time doing what’s most important to your business. Contact your branch and sign up today!

For more information, please review the list of Frequently Asked Questions and/or read our MemberDirect Small Business User Guide.