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Online Business Plus

Online Business Plus (OBP) is a customizable online banking system that offers features for business and not-for-profit members not supported by our standard Online Business Banking.

Online Business Plus offers features for business and not-for-profit members with banking needs such as:

  • Consolidated view - Review and manage multiple business accounts and all your transactions with one sign-in.
  • Multiple user access - Grant access and permission to team members for specific accounts and tasks, even if they are not Vancity account signers.
  • Customized templates - Reduce administration time by streamlining repetitive tasks, such as automated transfers and wire payments.
  • Data transfer - Easily download to CSV and upload data to your accounting software.
  • Enhanced security - With individual passwords for each user and 2 Step Security, your privacy is secure.
  • Wire transfers online - Move money easily to vendors and clients either overseas or just around the corner. Customized templates also available for wire payments.
  • Other features - Cheque imaging, bill payments, transfers between all your business accounts, stop payments and more.

For additional information regarding Online Business Plus, please contact your business account manager or local Vancity branch.



Frequently Asked Questions

What is the difference between Online Business Banking and Online Business Plus?

Features

Online Business Banking
(OBB) - setup done by branches

Online Business Plus
(OBP) - customized service provided by Cash Management team

Cost

Free*

Monthly fee

Number of signers required to approve a transaction

Up to 2 (including 2-to-sign)

Member may choose up to 9 (OBP can accommodate more than 2-to-sign)

Business members with multiple relationships and/or multiple accounts within a relationship

No

Yes

Delegates/users

Max 3 delegates per signer

No restriction on # of users

Transaction Level Limits and Rights (users can have different limits)

No

Yes

Bill Payments, CRA Payments, Transfers

Yes

Yes

Wire Transfers online

No

Yes

Interac® e-Transfers

Yes

No

Templates (for recurring transfers and wires)

No

Yes

Quick Transfers (up to 20 transfers at one time vs one transfer at a time)

No

Yes

Mobile App for business owners (perform, approve, reject all transactions except CRA Payments)

Yes

 

No

Mobile Deposit™ Capture for business owners

Yes

No

Transaction Alerts (new alerts: transactions pending approval, transactions about to expire)

Yes

No

e-Statements

Yes

available for signers/business owners only

Yes

on demand as authorized by signers

Accountability for set up and support

Branches/MSC

Cash Management team

*The Online Business Banking platform is free to use. Regular business account fees still apply.