How You Know What You're Paying Before You Sign Anything
No hidden fees. No surprise line items. No asterisks that expand into paragraphs. Every rate, every fee, every threshold — published here. You'll see every line item before we start, and nothing changes without 30 days' written notice.
Commercial Account Fees That Don't Punish You for Growing
Your monthly cost depends on how you use the account — not how much you keep in it. No minimum balance penalties. No dormancy charges. No surprises billed in arrears without warning. Every fee appears on your monthly account analysis statement, line by line, alongside earnings credits that offset your costs as your deposit balances grow. If you're currently running a commercial operating account elsewhere and paying more than this, that conversation is worth having.
| Product | Monthly Fee | Notes |
|---|---|---|
| Commercial Operating Account | $25/month | First 500 debits/credits included. Dual-signatory controls configurable at account level. |
| Additional transactions (over 500) | $0.25/transaction | Billed monthly in arrears. Itemized on account analysis statement. |
| Sub-account / Virtual account | $10/month per sub-account | Unlimited transactions within master. Independent reporting and balance tracking. |
| Sole Proprietor Account | $12/month | First 200 transactions included. PAD collection, merchant processing, bank feed sync. |
| Personal Account (business client) | $0/month | Requires active business relationship. No minimum balance. Details here. |
Accounts activate within 48 hours of complete KYC documentation. Integration with QuickBooks Online, Xero, Sage Business Cloud, and FreshBooks included at no additional charge. Zero-balance account configurations and automated end-of-day sweeping available on all commercial operating accounts.
Payment Processing Rates — Every Channel, Published
Inbound and outbound. Card-present and card-not-present. POS terminals, e-commerce gateways, PAD collections, batch EFT, domestic wires, and international transfers. Every rate published below. Volume discounts negotiable above $50K monthly processing volume — call us for a custom quote at that tier.
| Service | Rate |
|---|---|
| Visa/Mastercard (in-person) | 1.89% + $0.10/txn |
| Visa/Mastercard (e-commerce) | 2.29% + $0.15/txn |
| Interac Debit | $0.05/txn |
| PAD Collections (pre-authorized debit) | $0.35/item |
| EFT Disbursements (batch) | $0.50/item |
| Domestic Wire (outgoing) | $15/wire |
| International Wire (outgoing) | $35/wire |
| Incoming Wire (domestic or international) | $0 |
Merchant discount rates negotiable above $50K monthly processing volume. Commercial deposit pricing tiers reduce fees as relationship balances grow. POS terminal provisioning and e-commerce gateway integration managed by Lianne Arsenault's payments team. CPA-compliant EFT file generation included for payroll disbursement — Ceridian, ADP, and Wagepoint integration supported. ISO 20022 payment messaging compliant across all channels.
Working Capital & Credit Facilities Priced on Your Business, Not Your Credit Score
Every facility is underwritten on business fundamentals — receivables quality, contract backlog, cash conversion cycle, and revenue predictability. Not your personal credit score. Not a one-size-fits-all rate card. The numbers below are ranges. Your pricing depends on how your business actually generates and collects revenue. A staffing agency with government-funded hospital clients gets a different rate than a two-year-old startup billing small private companies. That's the point.
| Facility Type | Rate Range | Notes |
|---|---|---|
| Operating Line of Credit | Prime + 1.25% to Prime + 3.50% | Based on business fundamentals, facility size, operating history |
| Receivables Financing | 0.75% – 1.5% per 30-day period | Advance rate 75%–90%, counterparty-dependent. Typically 40–60% cheaper than factoring. |
| Commercial Real Estate Loan | Fixed or variable from 5.25% | Owner-occupied and investment. Terms 5–25 years. Amortization schedules structured to cash flow. |
| Commercial Vehicle Financing | From 6.49% | Fleet and individual units. New and used. |
| Equipment Leasing | Custom | Based on asset type, useful life, and term. Lease schedules prepared in-house. |
| Sole Proprietor Working Capital | Custom, up to $100K | Based on receivables quality and contract backlog. Details here. |
All facilities subject to underwriting by Marcus Belayneh's credit team. No personal guarantee required as default — evaluated case by case, and structured to phase out when requested. Decision within 4.3 days average for facilities under $500K. The industry average at major Canadian banks: 18–25 business days. See how our receivables-based underwriting differs from traditional bank assessment.
Foreign Exchange Rates That Reflect Your Relationship, Not a Posted Spread
Spot FX typically 30–60 basis points tighter than big-bank posted rates. Forward contracts available up to 12 months for businesses that need to lock in rates against known future obligations — import orders, cross-border payroll, seasonal inventory purchases. USD, EUR, GBP, CNY corridors supported through our correspondent banking network.
Call (343) 348-7225 for current rates — published daily spreads don't capture the relationship pricing you'll receive. Your FX cost is a function of your overall deposit and transaction volume with Saltic, and we adjust accordingly. A client running $2M in annual cross-border payments gets materially better pricing than the posted rate. One industrial automation client in Drummondville saved $64K annually on FX alone after consolidating onto our platform.
Personal FX transfers for business clients' personal accounts receive the same negotiated rates — your relationship pricing doesn't reset when you switch from a business wire to a personal transfer.
How Your Deposit Balances Reduce Your Banking Costs
Your commercial deposit balances earn credits that offset monthly service charges. The earnings credit rate (ECR) is calculated monthly and applied to your average collected balance. This is one of the most overlooked cost-reduction mechanisms in commercial banking — and most business owners don't know it exists because their current bank buries it in fine print or doesn't offer it at all.
Here's how it works: if your average monthly collected balance is $500K and the ECR is competitive with current money-market rates, the credits generated can partially or fully offset your monthly account fees, transaction charges, and wire costs. The higher your balance, the lower your effective cost. For clients maintaining significant operating balances, the ECR can reduce net banking costs to near zero.
Current ECR and detailed calculations appear on your monthly account analysis statement. This isn't a savings rate — it's a fee offset mechanism. Every fee, every credit, transparent. You'll see exactly how your ECR calculation reduces your net banking cost, line by line, with the math shown. Account analysis statements are delivered monthly as part of every commercial operating account.
That number comes from eliminating redundant account fees across multiple institutions, reducing FX spreads, lowering merchant processing rates through volume consolidation, and recovering finance-team hours spent reconciling fragmented systems. See the full case studies for how specific clients achieved these savings.
Our Fee Commitment to You
Transparent pricing only works if it stays transparent. Here's what we guarantee:
- 30 days' written notice before any fee increase or new fee. Delivered by email and posted to your digital banking dashboard. No exceptions.
- No retroactive billing. Fee changes apply going forward, never backward. You'll never see a charge for a rate that changed before you were notified.
- Monthly account analysis. Every fee, every earnings credit, every transaction count — itemized and delivered to your inbox. If a number looks wrong, your named contact investigates within one business day.
- Fee disputes resolved in 15 business days. Raise it in writing within 60 days of the statement date. We investigate and respond, in writing, with the math. Per our Terms of Service.
- Exit without penalty. If a fee change is unacceptable, you can close your account within the 30-day notice period without early termination charges.
How You Get an Exact Number for Your Business
Published rates are starting points. Your pricing depends on relationship volume, product mix, deposit balances, and how your business moves money. A cold chain logistics company processing $18M in receivables gets different pricing than a sole proprietor running a consulting practice. No change orders without a conversation. No surprises on your first statement.
Call (343) 348-7225 or fill out the form. The person who responds is the person who'll build your custom quote — typically within one business day.