Whether your business is established or just starting out, Libro has flexible business banking accounts and the expertise needed to help you grow and prosper.

From small and large commercial enterprises to farms and greenhouses, our business chequing accounts earn tiered interest based on daily balances. The interest is paid monthly to help you make effective use of available cash during flush months without locking into long-term investments.

Starting a small business

We’re experts in financial services and can help existing small business Owners and those who are starting a business. We can provide insights on local small business grants and guidance on the government's Canada Small Business Financing Program (CSBFA). Your Libro Coach is here to provide you with all the support and guidance needed when starting a small business.

  • Simplified and personalized business banking.
  • Tips for CRA and source deductions for business banking.
  • Solutions to help you manage cash flow including payroll services and Automated Funds Transfer (AFT) programs.

Commercial Banking Accounts

With holistic coaching on all your business needs, Libro is a leader in commercial banking. Our industry experts can help you navigate a variety of specific banking types and provide you with different commercial banking account options that keep your best interest in mind. To help you grow your business, we offer the following to our Owners:

  • Mentorship and coaching with owners to build prosperity plans that address your goals.
  • Ability to complete requests for funding or account changes both in person and remotely.
  • Instant message or video call with your Libro Coach to discuss business needs.
  • Promote businesses and partner with you to support the marketing of your business.

Operating Accounts

Our operating accounts offer:

  • Daily interest and monthly statements, including cheque image viewing.
  • US accounts, US and foreign currency, drafts, and wires available.
  • Night deposit box for overnight cash and cheque deposits, cleared, checked, and processed the next business day.

Libro’s operating account for businesses, farms, and organizations is available in five different packages:

Account Type Description Monthly Fee Key Benefits


A basic business account for those with lower balances and/or transaction volumes. $6 plus $0.75/transaction

Monthly fee waived with a $7,500 minimum balance (per transaction fee still applies).
  • 5 surcharge-free Interac® ATM withdrawals*.

Business 60

For those with higher balances and/or transaction volumes. $25

Monthly fee waived with a $25,000 minimum balance.
  • 5 surcharge-free Interac® ATM withdrawals*.
  • 60 Transactions.

Business 200

For those with very high balances and/or transaction volumes. $100

Monthly fee waived with a $100,000 minimum balance.
  • 5 surcharge-free Interac® ATM withdrawals*.
  • 200 Transactions.


Fee-free account for small non-profit organizations and service groups with no borrowing requirements. $0
  • 5 surcharge-free Interac® ATM withdrawals*.
  • 30 Transactions.

Business Special

Available for:
  • Organizations that typically hold balances over $500,000.
  • Townships, schools, hospitals, and foundations.
  • Realtors, lawyers, and notary publics (where trust accounts are necessary).
Contact your Libro Coach or local branch for information on Business Special account pricing.
  • Key benefits are customized to meet your organization's needs.

Election Campaign

Available for registered candidates who are running in a federal or provincial election in a riding that resides in our general serviced area. $0
  • No fee chequing account with unlimited transactions
  • Free counter cheques

More information here

Joint Business Bank Accounts

With a joint bank account, both business owners can manage all parts of the account to effectively run your company’s financial needs. Libro can accommodate your joint business banking needs to allow owners to have access to features like signing and paying bills. Contact Libro to speak to an Account Manager to open a joint business bank account.

Enhanced Features for Businesses

Available in online and mobile banking

  • Set up your business view to help you keep your personal and business finances separated.
  • Switch between personal and business without signing in and out
  • Set up and approve transactions on two-signer accounts.
  • Set up View Only users to access your transaction history.
  • Online banking only: Pay taxes right from your Libro account.

*Surcharge is an additional fee on top of any transaction fees in this package.

**Does not include fees charged by other financial institutions or independent ATM owners for the use of their ATM. To avoid extra fees use Libro ATMs or those listed on THE EXCHANGE Network.

Related Links

Business Services