Accounts
What is the minimum balance customer must maintain to get the monthly fee rebated for Community Plan Plus?
$10,000
In which province guarantees must be certified by a Solicitor prior to funding.
Alberta
Name the the Provinces for which the Trade Name Registration information can be obtained online.
Ontario, Nova Scotia and Quebec.
How many questions must a client answer correctly after passing OTP and how many tries?
1 additional question. Max 2 tires after passing OTP authentication.
What does MSP stands for?
Merchant Service Provider
How many free E-transfers can be sent every month with Every Day Business Plan A, B or C?
2 E-Transfer Monthly. $1.50 per outgoing e-transfer after the first 2 EMT.
For what province you must read the insurance benefits disclosure for credit cards?
Quebec
Which Province's Articles of Incorporation contains the ownership structure as well?
Alberta
What needs to be confirmed for KYC?
-Legal Name
-Address
-Phone Number
-Date of Birth
-Employment
What is the charge back fee?
$25
What are the fees/charges of 10 Shopify MSP deposits into the Basic Business plan?
No charges. MSP deposits are free.
In what instance a Pre-Approval cannot be offered to a franchise?
Pre-Approved Offers cannot be offered to franchises which are categorized as Closed on the Master Franchise List.
What Nature of business that requires Enhanced Due Diligence is in scope for BBS?
Precious Metals and unregistered NFP charities.
What is Bill 96?
To comply with the Quebec Language Law, all Contracts of Adhesion, as well as any related supporting documents, must be presented in French to Quebec customers - regardless of the customer’s language of preference.
What is the main difference between TD Desk 5000 and TD Move 5000?
TD Move 5000 has WiFi and 4G capabilities to accept payments wirelessly instead of making payment at the counter.
What are the service charges for 3 bill payments and 3 mobile deposits on Trust without arrangements/Current account?
$3.75
What Business Credit Product can be offered in USD?
BLOC
What documents are provided by the customer for a Limited Partnership?
-Partnership Agreement/Resolution
-Limited Partnership Registration Documents
What professionals regulated by a governing body can use their own name and designation for Trade Name?
Doctors, Lawyers, Architects, etc. do not have to register (i.e. John Smith Barrister and Solicitor or John Smith LLB), except for an LLP in Manitoba.
What are the Monthly Service Fees for TD Desk 5000 and TD Move 5000?
$24.95 and $39.95
What document is provided by AAFC to open an Agriinvest account?
Account Initiation form.
What is the max amount a BLOC D can be approved for?
$75000
What is the product code for Agriinvest account?
46
What is a Testamentary Trust?
A testamentary trust is a trust or estate that generally takes effect on the day a person dies.
What is the fee for IDP (Interac Direct Payment)?
$0.10 per transaction.