Business & Community Accounts

NDCU offers a selection of account options to suit the varied needs of our members. It’s hard to find business or community accounts with better convenience and value.

Always FREE
- Deposit (includes Pre-Authorized Transfer; not night deposit)
- Member Direct® online banking
- Cheque image online
- eStatement
- Cash & coin order
- Depositors are 100% protected. Protection provided by the Credit Union Deposit Insurance Corporation of British Columbia.

Transactions Included*
- Interac E-Transfers on the Business 25, 100 and Community Plus only.
- In-branch withdrawal & transfer
- Pre-authorized withdrawal
- Debit card purchase (Canadian POS)
- NDCU ATM withdrawal & transfer
- Canadian CU ATM withdrawal & transfer
- Cheque


Requirements

Signers must provide proper identification. On accounts that require two or more signatures, at least two of the signers must be NDCU members in their own right (own personal membership shares).

Limited companies need to provide an original or certified true copy of the Certificate of Incorporation, Shareholders Certificate and a list of the directors and officers.

*Please note that all new accounts are monitored during the first 90 days and $100 is held in the account until the end of 90 days. The cost of cheques or cheques and binder will be debited from the account at about the time you receive your cheques.

A note to clubs, teams and community groups.

We're very happy to provide community accounts to your team, club or community group. Financial regulations don't recognize sports teams and other not-for-profit groups as legal entities so they can't become members of a credit union. Instead, we require two signing officers from your group to become members (if they're not already); that will legally permit us to open your account. If you have to change signers, they'll need to be replaced by a member in good standing or be willing to become one.


Business Operating Accounts

Business 10: This is a perfect account for members with light business needs. Members get 10 transactions included* for the low fee of $5; plus a line of credit option, on approval.

Business 25: An account for members with full-service business needs. Members get 25 transactions included* for $15; plus a line of credit option, on approval. This includes Interac E-Transfers.

Business 100: An account for those with high volume business needs. Members get 100 transactions included* for $50; plus a line of credit option, on approval. This includes Interac E-Transfers.


Community Organization Accounts

Community - Basic: A low-fee account for small community organizations requiring a smaller number of transactions each month. Members get 15 transactions included* for the low fee of $2.

Community - Plus: Still, a low-fee account for large community organizations requiring an increased number of transactions each month. Members get 40 transactions included* for the low fee of $5. This includes Interac E-Transfers.


Trust Account

Lawyer Trust: A unique account serving lawyers and their specific trust needs. Lawyers get 15 transactions included* for the low fee of $5.

Savings Accounts

Enrich Savings: A tiered high-interest savings account that offers members a premium interest rate with flexibility and control over their savings. A perfect fit with your everyday bank account to save for a special purchase or until you have enough to meet the minimum required for a term deposit or registered deposit.

Property-Tax Savings: Worry-free preparation for annual property tax payments! With your pre-authorized transfer, we do the work.


Foreign Account

US Dollar Account: Planning business south? This account is for you. No monthly service fee if you mainatin a minimum monthly balance greater than $500 for the entire month.

CUDIC Details

The Credit Union Deposit Insurance Corporation (CUDIC) of British Columbia brochure, “Your Guide to B.C. Credit Union Deposit Insurance”, is available on CUDIC’s website