How You Bank Personally When You Bank With Us Professionally
You already trust us with your business deposits. Your personal banking should be this simple too — same contact, same platform, zero monthly fees.
See what's available →Why Separating Personal and Business Banking Costs You More
You're a business owner. Your personal and business finances aren't separate universes — they're connected by your signature on every guarantee, every lease, every line of credit. Your personal net worth backs your commercial facilities, and your business income funds your personal life. Pretending these exist in isolation is a fiction most banks maintain for their own convenience, not yours.
At most big banks, your commercial relationship manager has no visibility into your personal accounts, and your personal banker has no idea you run a $4M business. When you apply for a mortgage, the personal side underwrites you off a T4 slip — ignoring the $340K in annual owner distributions flowing through your Saltic business account. When you need a personal line of credit, they pull your consumer credit score and treat you like any other retail applicant, even though you've maintained a flawless six-figure commercial facility for three years.
Saltic offers personal accounts to existing business clients and sole proprietors who want one banking relationship instead of two. One login. One contact. One institution that sees the full picture. Your named relationship manager — whether that's Thomas Grzelak or anyone else on our six-person team — already understands your cash flow, your seasonal cycles, and your financial trajectory. That context doesn't disappear when you need a personal savings account.
Personal Services That Reward Your Business Relationship
Personal Operating & Savings Accounts
High-interest savings options tied to your relationship volume — the more you hold across personal and business accounts, the better the rate. No-fee chequing for active business banking clients: no minimum balance, no monthly maintenance charge, no per-transaction fees. Your personal account costs you $0/month as long as you maintain an active Saltic commercial relationship.
Consolidated view lets you see personal and business positions on one dashboard, so your personal savings, business operating balance, and working capital facility all appear in a single login. Joint account configurations available with independent signatory controls — useful for business owners whose spouses co-sign on commercial guarantees. Unlimited free Interac e-Transfers. Mobile deposit capture through the same app you use for business banking.
Personal Credit Facilities
Personal lines of credit with rates that reflect your full relationship with Saltic — not just your consumer credit bureau file. If you've maintained a $200K commercial operating line with a clean payment history for two years, that matters when we assess your personal credit application. Mortgage referral partnerships with competitive terms through our network of lenders who understand business-owner income structures.
Underwriting considers your business relationship context — revenue consistency, facility history, deposit patterns, owner distribution cadence — not a T4 slip in isolation. Self-employed borrowers are routinely penalized by retail banking underwriting models that don't account for legitimate business deductions or retained earnings. Saltic's credit team, led by Marcus Belayneh, evaluates your full financial picture. You built something. We factor that in.
Personal FX & International Transfers
Same negotiated FX rates your business gets — typically 30–60 basis points tighter than big-bank posted rates. At most banks, your business gets a negotiated spread of 50 bps on USD, and then you walk over to the personal side and pay 200 bps on the same currency to wire money for a vacation property. At Saltic, your rate is your rate, regardless of which account the transfer originates from.
Personal international wire transfers route through the same correspondent banking network your business uses — $35 per outgoing international wire, same as commercial. Multi-currency holding accounts for business owners who travel frequently, hold foreign property, or maintain assets in USD, EUR, GBP, or CNY corridors. Forward contracts available for personal use — lock in a rate up to 12 months ahead if you're planning a property purchase abroad. See our complete FX rate details.
How Sole Proprietors Get Commercial-Grade Banking at $12/Month
You don't need a corporate banking suite. You need a deposit account with merchant processing, maybe a small working capital line, and someone who picks up the phone when a payment doesn't clear. Saltic's sole proprietor package: one account, one contact, one fee schedule. No product designed for a 500-person company forced onto a one-person operation. No branch visits. No paper applications.
What's included in the sole proprietor package:
- PAD collection for recurring client billing — CPA-compliant, automated, no manual invoicing follow-ups
- Integrated invoicing and deposit tracking with QuickBooks Online, Xero, or FreshBooks bank feeds — daily sync by default, intraday on request
- Working capital up to $100K based on receivables quality and contract backlog, underwritten by our credit team using the same receivables-based model we apply to larger commercial clients
- Same 48-hour account activation as commercial clients — complete KYC documentation, sign the agreement, and you're live
- Merchant processing: in-person at 1.89% + $0.10, e-commerce at 2.29% + $0.15 — see all rates
- First 200 transactions per month included — no overage surprises for most sole proprietors
- Free unlimited Interac e-Transfers — stop paying $1.50 per send at your retail bank
- Direct access to your named relationship contact — not a call center, not a chatbot, not a 1-800 number that routes you through four menus
A Hamilton-based freelance IT consultant was running personal and business funds through a single retail chequing account at a big bank, paying $4.95 per e-transfer and manually tracking which deposits were business income versus personal transfers. Tax season was a forensic exercise. Saltic set up a sole proprietor account with automated PAD collection for his three retainer clients, bank feed sync to FreshBooks, and a $40K working capital line for equipment purchases. Monthly cost: $12. Time recovered: six hours a month in manual bookkeeping. His accountant's bill dropped by $1,200 at year-end because the books were clean from day one.
Whether you're a consultant, contractor, freelance creative, or independent professional, the sole proprietor package gives you the same infrastructure our commercial clients rely on — scaled to your operation and priced for a one-person business. Call us and describe how you work. We'll tell you if it fits in the first five minutes.
How Consolidating to One Bank Saves You Money, Time, and Friction
When your personal and business banking live under one roof, your relationship context travels with you. Your business deposit history informs your personal credit assessment. Your personal account fees drop to zero. Your FX rates don't reset when you switch from a business wire to a personal transfer. Your named contact — the same person who manages your treasury configuration — also knows your mortgage renewal date and can flag when your personal savings rate is below what your relationship volume warrants.
Two separate banks means two sets of fees, two logins, two sets of credentials to manage, two institutions that each see half the picture and make decisions based on incomplete information. It means explaining your business income structure twice — once to the commercial banker who understands it, and again to the personal banker who doesn't. It means paying retail FX rates on personal transfers even though you move $200K in commercial FX annually. It means your personal mortgage underwriting ignores the fact that you've never missed a payment on a six-figure commercial facility.
Consolidation onto Saltic means your CFO dashboard and your personal savings sit in the same view. It means one password manager entry instead of two. It means the person who manages your treasury also reviews your personal credit application with full context. And it means your total relationship volume — personal deposits plus commercial deposits plus credit facilities — drives your pricing across every product. Our commercial clients who consolidate personal banking save an average of $2,400 annually in fees and FX costs alone, before accounting for the time saved.
What Changes When You Move Personal Banking to Saltic
Here's how the math shifts for a typical business owner currently banking personally at a Big Five institution while holding a Saltic commercial account:
- Monthly personal chequing fee: $16.95/month at Big Five → $0/month at Saltic. Annual savings: $203.
- E-transfer fees: $1.50/send × 20 sends/month at Big Five → $0 at Saltic. Annual savings: $360.
- Personal USD conversion (avg $15K/year): 180 bps spread at Big Five → 40 bps at Saltic. Annual savings: ~$210.
- Personal international wire (4/year): $45/wire at Big Five → $35/wire at Saltic. Annual savings: $40.
- Time managing two banking platforms: ~25 min/week → 0 min/week. Annual time recovered: ~22 hours.
Total direct savings for this scenario: approximately $813/year. For business owners with higher personal FX volume, foreign property, or active personal credit facilities, the gap widens significantly. See our complete fee schedule to calculate your own number.
How You Open a Personal Account in 48 Hours
You already manage enough complexity. Your banking shouldn't add to it. If you're an existing Saltic business client, your personal account opens in 48 hours with zero monthly fees — we already have your KYC on file, so the process is even faster. If you're a sole proprietor looking for one banking relationship that covers everything at $12/month, call us at (343) 348-7225 or email contact@salticservs.com.
The person who answers is the person who'll set it up. No handoffs. No intake forms that disappear into a queue.
Open Your Personal Account — Talk to a Human Today