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Business Banking
Business Banking
Business Accounts Built for Canadian Entrepreneurs.
Vaughan Credit Union business accounts are designed to support how you actually run your business—whether you’re a sole proprietor, incorporated company, non-profit, or growing organization with multiple locations.
With straightforward business chequing and savings options, seamless digital banking, and access to local advisors, you get the tools you need to manage cash flow, pay suppliers, and receive payments from clients across Canada.
- Business chequing accounts for everyday transactions and payments
- Business savings & deposits to grow reserve and project funds
- Integrated digital banking to manage accounts from anywhere
Why Vaughan CU
Business Banking That Grows with You
Everyday Cash Management
Manage payables, receivables, payroll, and everyday expenses with business chequing built for daily use.
Digital Banking for Teams
Give owners and key staff secure access with role-based permissions and clear visibility into business balances and transactions.
Dedicated Business Support
Work with Vaughan CU business advisors who understand local markets and can help structure accounts and services for your needs.
Member-Owned Approach
As a credit union, we focus on long-term relationships—offering fair pricing, transparent fees, and decisions that support your business.
Our Process
How to Open Your Business Account
Step
Tell Us About
Your Business
Share your business type, ownership structure, and banking needs so we can recommend a business account setup that fits your operations.
Step
Provide Your
Business Documents
Submit business registration, identification, and ownership documents online or in-branch so we can verify and complete your profile.
Step
Fund &
Start Banking
Make your first deposit, set up digital banking access, and start using your Vaughan CU business accounts for everyday operations.
Business Account Details
Requirements, Features & Eligibility
Required Documents
- Valid government-issued photo ID for all signing authorities
- Business registration or incorporation documents
- Business Number (BN) or CRA registration, where applicable
- Partnership or shareholder agreements (if applicable)
- Proof of business address and contact details
Key Features
- Business chequing accounts for payables, receivables, and payroll
- Business savings & deposits for reserves and planned projects
- Online & mobile banking with multi-user access (where configured)
- Interac e-Transfers, bill payments, and vendor payments
- Integration with other Vaughan CU business services and financing
- eStatements and transaction history for easier bookkeeping
Eligibility
- Registered business, non-profit, or professional practice operating in Canada
- Owners and signing authorities must meet identification requirements
- Business must comply with applicable regulatory and compliance guidelines
- Additional information may be required based on industry or structure
- All applications are subject to review and approval by Vaughan CU
Testimonials
What Our Members Say
Real stories from members who’ve trusted Vaughan Credit Union with their everyday banking and long-term goals.
Sarah Thompson
Customer Since 2012“Vaughan Credit Union helped me save for my first home and walked me through every step of the mortgage process. I never feel like just a number here.”
Daniel Rivera
Small Business Owner“The team at Vaughan CU understood my business and approved the financing I needed to grow. It feels like having a financial partner, not just a bank.”