Credit unions are full-service financial institutions, that offer accounts, investments and lending, just like banks. The main difference between a credit union and a bank comes down to who we serve and how we operate.
Credit unions, like Brunswick Credit Union, are member-owned financial cooperatives. That means, when you join a credit union as a member, you’re also an owner. We are locally governed by a Board of Directors democratically elected by our members, who each have a vote and an equal say.
Banks, on the other hand, are owned by shareholders. Their board members are appointed and compensated, and their focus is on generating profits for their investors.
Credit unions reinvest their profits into their members and the communities they serve. At Brunswick Credit Union we invest in New Brunswick through dividends to members, investing in local business and community partnerships that drive meaningful impact. Simply put, we’re here to support our members’ financial well-being and help our communities thrive.
Business Chequing Accounts
Chequing accounts built to support your business every step of the way.
Choose your business chequing account
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My Business Banking
$7 per month
Perfect for small businesses that only perform a few transactions each month. Dependable, budget-friendly banking that works.
Key Features:
- 10 free daily banking transactions each month
- 5 outgoing Interac e-Transfers® each month
My Business 25
$20 per month
Ideal if you complete a few transactions each week. This account offers the essentials you need to keep your business moving.
Key Features:
- 25 free daily banking transactions each month
- 10 outgoing Interac e-Transfers® each month
My Business 75
$0* or $50 per month
This account is built for daily activity which includes regular payments, purchases, and transactions.
Key Features:
- 75 free daily banking transactions each month
- 20 outgoing Interac e-Transfers® each month
*$50 monthly is waived if a minimum balance of $40,000 is maintained.
My Business 200
$0* or $100 per month
Designed for businesses that perform multiple transactions a day, to keep pace with your busy workflow.
Key Features:
- 200 free daily banking transactions each month
- 50 outgoing Interac e-Transfers® each month
*$100 monthly fee is waived if a minimum balance of $60,000 is maintained.
My Business 500
$0* or $250 per month
This account is built for high volume businesses that need steady, dependable support.
Key Features:
- 500 free daily banking transactions each month
- 50 outgoing Interac e-Transfers® each month
*$250 monthly fee is waived if a minimum balance of $250,000 is maintained.
My Community Account
$0* or $5 per month
An affordable account that helps not‑for‑profit, community‑based organizations confidently manage their daily banking.
Key Features:
- 25 free daily banking transactions each month
- 10 outgoing Interac e-Transfers® each month
*$5 monthly fee is waived if a minimum balance of $20,000 is maintained.
My Registered Charity Account
$0* or $15 per month
A flexible account designed to help registered charities manage their daily banking with ease.
Key Features:
- 75 free daily banking transactions each month
- 20 outgoing Interac e-Transfers® each month
*$15 monthly fee is waived if a minimum balance of $40,000 is maintained.
My Business U.S. Banking
$7 per month (USD)
Regularly receive or spend U.S. dollars? Manage your U.S. funds without constant conversions.
Key Features:
- 10 free daily banking transactions each month
Not sure which account to choose?
We’ll be happy to help you pick the option that best suits your goals.
Frequently Asked Questions (FAQs)
What's the difference between Credit Union and Bank?
How can I open a business chequing account with Brunswick Credit Union?
Opening a business chequing account with BCU is easy. You can get started by visiting your local branch, booking an appointment with one of our advisors, or contacting us by phone. Our team will guide you through the process and help you choose the right account for your business needs.
Can I open multiple business chequing accounts under my name?
Yes. You can open multiple business chequing accounts under your name to help organize your finances more effectively. Our advisors can help you set up the right account structure to simplify your day-to-day banking and keep everything running smoothly.
What is the difference between a business savings account and a business chequing account?
The main difference lies in how each account is used.
A business chequing account is designed for everyday transactions like paying bills, making purchases, and managing cash flow.
A business savings account, on the other hand, is intended for setting money aside and earning interest over time.
Many businesses use both accounts together - chequing for daily operations and savings for future planning.
Where can I find a full list of fees and service charges related to my chequing account?
You can find a complete list of fees and service charges here!
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Copyright 2026 Brunswick Credit Union. All rights reserved.
Copyright 2026 Brunswick Credit Union. All rights reserved.
