Wealthsimple · Fintechs and neobanks
Wealthsimple Business Chequing Account review
CanadaUpdated October 2026
Wealthsimple Business Chequing is a straightforward, free account for Canadian businesses with everyday CAD needs: no monthly fee, unlimited transactions and no-fee Interac e-Transfers.
Monthly feeC$0No monthly fee
TransactionsUnlimitedIncluded
e-TransfersFreeInterac e-Transfers
Available inCanadaFintechs and neobanks
Treasi’s take
Who Wealthsimple is best for
Choose Wealthsimple if…
Small Canadian businesses with simple CAD banking and freelancers and consultants.
Look elsewhere if…
Businesses needing USD or multi-currency accounts.
Wealthsimple Business Chequing is a straightforward, free account for Canadian businesses with everyday CAD needs: no monthly fee, unlimited transactions and no-fee Interac e-Transfers.
Details
Fees, features and eligibility
| Monthly fee | C$0 monthly |
|---|---|
| Transfers | Unlimited transactions; no-fee Interac e-Transfers |
| Account type | Fintech account |
| Currencies | CAD |
Source: Wealthsimple published product information.
Pros and cons
What stands out
Pros
- No monthly fee
- Unlimited transactions
- Free e-Transfers
Cons
- CAD only
FAQs
Wealthsimple: common questions
Does Wealthsimple Business Chequing have fees?
There’s no monthly fee and Interac e-Transfers are free.
How many transactions are included?
Unlimited.
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