Desjardins

Desjardins is a Canadian cooperative financial network that offers business banking through its local caisses. Its business products are aimed at companies in CAD and USD.

Accounts The Business Chequing Account comes in fee packages tied to the number of transactions. The Build-Up Savings Account for Businesses is available in CAD or USD. Accounts support cheques, pre-authorised payments and transfers, and the listed services also include direct deposits and account consolidation, which helps combine a company's cash flows.

Structure and deposit protection Business accounts are provided by the relevant Desjardins caisse; the Fédération des caisses Desjardins du Québec and the Quebec caisses are financial services cooperatives. For Quebec caisses, deposits are protected by the Autorité des marchés financiers (AMF). That statement should not be applied to every group entity or province, so the contracting caisse and province need to be confirmed.

Who it suits Canadian businesses, especially in Quebec, that want chequing and savings in two currencies with a consolidated view of balances. Fees by package are best requested from the caisse.