Estonian Credit Union

I was recently looking to open a business account. I was amazed to discover a financial institution that actually offered a NO FEE business account, something that is unheard of with the traditional big banks.
I met with Heili, an investment specialist, who was very friendly and helpful. She was able to set up my business and personal accounts in just over 1 hour. I only had to pay a one-​time account setup fee of $ 50, and purchase 2 shares at $ 20 each to set up both accounts. (The share purchases are refundable if you ever close the accounts, but why would you?) So if you’re currently paying, say, $ 15 a month in fees, this account pays for itself in just 6 months!
I highly recommend this Credit Union for anyone looking for a no-​fee business account (even the cheques are free) with superb customer service.

Why pay user fees to a bank when you can use your debit card free through the ECU? Why wait in line for tellers that don’t know you when you can wait one minute or less for one that does? Why not get paid bonus interest once a year? This is the best ‘bank’ ever and it offers all the services of a regular bank (except for RDSPs — which are only offered by RBC and BoM). Instead of charging me when I bounce a check — they don’t let it bounce; they pay the amount that I don’t have and tell me to get it in ASAP. No bank anywhere would do that for their customers. Share in the profits instead of making the fat cats fatter. There’s no reason to use a bank instead of a credit union — especially this most excellent one!