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Straworks Member since 2023
A Straworks employee in a brand logo shirt standing inside a new build.

GET $400* WHEN YOU OPEN A NEW BUSINESS ACCOUNT

Plus, no account fees for a year. Offer ends October 31, 2026. *Terms and conditions apply.

$400 cash back plus no monthly
account fee for 12 months*

We’re making it easy to get a great business chequing account and save money in just two steps.

1. Open an account online

Open either the e-Prosper Chequing Account or Prosper Chequing Account online.

To open online you must be: A sole proprietor or single-owner corporation, a Canadian resident over age 19, and have a business that operates in Ontario.

2. Deposit $1,500

Deposit a minimum of $1,500 within 30 days of opening your new chequing account and keep the funds in your account for 6 months.

And that’s it – no long list of hoops to jump through.

Choose the right account for your business

The e-Prosper Chequing Account and Prosper Chequing Account are two of Meridian’s most popular business products. Learn more about these accounts and choose one to open online.

e-Prosper Chequing Account

Best for: Businesses that do most of their banking online.  

Monthly fee1: Waived for 12 months. $9 after 12 months or fee waived with $5,000 minimum balance.

Transactions2: Unlimited self-serve transactions and 5 personal service transactions.

Deposits3: Unlimited

Transfers4: Unlimited

First year savings: $108 (waived monthly fee) + $400 (cash back) = $508. 

Open online

Prosper Chequing Account

Best for: Businesses that want unlimited transactions plus in‑branch support.

Monthly fee1: Waived for 12 months. $25 after 12 months or fee waived with $25,000 minimum balance.

Transactions2: Unlimited

Deposits3: Unlimited

Transfers4: Unlimited

First year savings: $300 (waived monthly fee) + $400 (cash back) = $700. 

Open online

Who can open a business account online?

You’re eligible to open an account online if you meet these criteria:

A Canadian resident age 19 or over

Sole proprietor or single-owner corporation

Your business operates in Ontario

Still exploring your options?

Send us your contact details and one of our advisors will reach out.


Questions and answers