Banking that knows
local business
From managing cash flow to financing your next truck, tools or big project, a Libro Coach is here to help keep your business moving and growing.
Libro, strengthening financial well-being for over 80 years
Get up to $1,000*
when you start banking with Libro
Get up to $1,000 cash*
Business Savings
Our Business High Interest Savings account is the ideal complement for your daily operating account with Libro. Seamlessly transfer funds between your business accounts while enjoying interest earnings on the money you keep here.
How Libro supports your business and your banking
More than an account. A Coach, tools and a community strengthening the financial well-being of your business every day.
A Coach in your corner
Personalized Coaching from someone local who knows your name, your business and your goals, with decisions made right here in southwestern Ontario.
Banking that goes where you go
Online banking, mobile deposits, e-Transfers and payment tools that work wherever the workday takes you.
Your whole picture, in one place
Business and personal banking together, so saving, borrowing and planning all pull in the same direction
Where could your business go with a Coach behind it?
You bring the vision, the hustle and the reputation your community counts on. Your Libro Coach brings the financial game plan: the account that saves you the most, cash flow that supports your plans, borrowing when the timing is right, and deposits that earn while they sit.
- Personalized Coaching for your stage and industry
- Payroll Fridays, HST set-asides and seasonal swings, planned with someone who gets it
- Cash flow, payments and payroll tools that scale with you
- Guidance on grants and programs like the Canada Small Business Financing Program
Libro business member, Heeman's
One of our core values is to be a cultivating community and that's a synergy we share with Libro, which is great.
-Will Heeman, Heeman's
Questions business owners ask us
What will my business banking cost?
Plans start at $6 a month, and many members pay no monthly fee at all by keeping a minimum balance. Your Coach matches you to the plan that costs the least for how you actually bank, and reviews it as your business grows.
What do I need to open a business account?
To make sure you're able to come prepared, we have checklists for each type of business.
Do I have to move everything at once?
Not at all. Keep your current account open while you transition. Your Coach maps out your automatic payments and deposits and helps you move them over on your schedule.
Is my money protected?
Yes. Libro is regulated in Ontario and eligible deposits are insured through the Financial Services Regulatory Authority of Ontario (FSRA). Read more here.
What does being a member mean?
Libro is a credit union, so when you open an account you become a member. Profits are shared with members and reinvested in local communities, and decisions are made here in southwestern Ontario.
What cash management tools do you offer?
From payables and receivables, to employer services and business planning, we have tools to fit every business type.
*Offer available to eligible new Libro business members during the Offer Period. Libro Credit Union ("Libro") will pay a cash bonus equal to 1% of the Qualifying Balance Amount, to a maximum of $1,000. Offer ends December 31, 2026. Terms and conditions apply.