Account Features

Presently, these products are offered in Canadian dollars and US dollars.

No, ABM card services are offered only for the Business Chequing Premium Account and Business Chequing Elite Account in Canadian dollars and to authorized signatories of the account only. To request the issuance of an ABM card please contact your branch.

Business Savings Account interest is computed daily and paid monthly at the end of each month.

ICICI Bank Canada is a member of Canada Deposit Insurance Corporation (CDIC). The instruments and/or products that are eligible for deposit insurance from the Canada Deposit Insurance Corporation are listed in our Deposit Register, subject always to maximum coverage limitations as outlined in CDIC’s brochure "Protecting Your Deposits" and provided they are in Canadian funds, are payable in Canada, and have a term of no more than 5 years.

For further information, please visit the Canada Deposit Insurance Corporation website or call: 1-800-461-CDIC (2342).

Yes, it is true that there is no minimum for the Business Savings Account. Your account starts earning interest, if applicable, from the first dollar deposited.

For your Business Savings Account, Business Chequing Premium Account and Business Chequing Elite Account you will receive your statements once a month.

The Business Savings Account, Business Chequing Premium Account and Business Chequing Elite Account with ICICI Bank Canada can be linked with a business chequing account held in the same business name and currency with any Canadian financial institution.

Upon linking of these accounts you will be able to do online transfers between the accounts free of charge. For linking your Business Savings Account or Business Chequing Premium or Business Chequing Elite Accounts please contact any of our branches.

Please refer to our hold policy for details on the hold period.

Yes, you can make bill payments at a branch and through internet banking if you have a Business Savings Account or Business Chequing Premium Account or Business Chequing Elite Account maintained in Canadian dollars.

You may move money between your Canadian dollar and US dollar accounts within ICICI Bank Canada. To move money from or to an external linked account, the external linked account must be in the same currency as your account with ICICI Bank Canada. For instance, if you have a US dollar and Canadian dollar savings account with ICICI Bank Canada and you have linked your chequing account in US dollars and Canadian dollars with your accounts at the other financial institution, you may carry out the following transactions:

• Transfer money between your Canadian dollar and US dollar accounts within ICICI Bank Canada.
• Transfer money between your Canadian dollar savings account with ICICI Bank Canada and the linked Canadian dollar savings account with the other financial institution.
• Transfer money between your US dollar savings account with ICICI Bank Canada and the linked US dollar savings account with the other financial institution.