Online Business Plus

Online Business Plus provides you with a customizable system which can be designed to ensure you meet the highest standards of accountability, control, reporting and transparency.

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

  • 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 account signers.
  • Wire transfers online - Move money easily to vendors and clients either overseas or just around the corner.
  • Customized templates - Reduce administration time by streamlining repetitive tasks, such as automated transfers and wire payments.
  • Data transfer - Easily download and transfer account data to your accounting software.
  • Enhanced security - With individual passwords for each user and 2 Step Security for wire transfers, your privacy is secure.
  • Other features - Enjoy cheque imaging, bill payments, transfers between all your business accounts, stop payments and more.

For more details, please contact CashManagement@vancity.com

Cash Management team is part of Vancity Community Business and Investment division. The team supports members with non-lending solutions to business banking with focus on deposits, short term investing, day to day banking and electronic and operational solutions for businesses and not for profit organizations. Just another reason to expect better at Vancity.



Frequently Asked Questions

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

Features

Online Business Banking (OBB)
Self-serve option

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

Cost

Free*

Monthly fee

Number of signers required on account

1 – 2  

No restriction

Business members with 5+ accounts**

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

Transaction Approvals

1 or 2

Up to 9

e-Statements

Yes

available for signers/business owners only

Yes

on demand as authorized by signers

Set up and support

In branch and by phone

Customized by Cash Management team

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

** This number may vary. It is recommended that members with 5+ accounts reach out to CashManagement@vancity.com for advice on which online banking platform is best suitable for them.