Overview
Let's start with what type of person you are:
Personal | Business |
Renters and homeowners paying household expenses who want to earn rewards or cashback. | Self-employed professionals (doctors, lawyers) and small to mid-sized business owners paying business taxes, payroll, and vendor payments. |
Processing fees
| Personal | Business |
Essential payments: Rent, insurance, utilities, taxes (personal & business) | 1.75% | 1.99% |
Supplier & payroll payments | x | 2.4% |
The fees shown above are for credit cards issued in Canada
Fees for international cards are as follows:
Personal: 2.5%
Business:
Essential payments: 2.75%
Supplier & payroll payments: 3%
What you can pay
Payment type | Personal | Business |
Essential payments |
|
|
Rent | ✓ | ✓ |
Property taxes | ✓ | ✓ |
Income taxes | ✓ | ✓ |
Insurance | ✓ | ✓ |
Daycare & tuition | ✓ | ✓ |
Utilities | ✓ | ✓ |
Wellness | ✓ | ✓ |
Car lease | ✓ | ✓ |
Telecom | ✓ | ✓ |
Business taxes |
| ✓ |
Business payments |
|
|
Payroll |
| ✓ |
Contractor wages |
| ✓ |
Food suppliers |
| ✓ |
Construction suppliers |
| ✓ |
Medical suppliers |
| ✓ |
Other trade suppliers |
| ✓ |
Cards you can use
Card type | Personal | Business |
Amex Personal | ✓ | ✓ |
Visa Personal | ✓ | ✓ |
Mastercard Personal |
| ✓ |
Amex Business |
| ✓ |
Visa Business |
| ✓ |
Mastercard Business |
| ✓ |
Payment delivery methods
Method | Personal | Business |
Bill pay | ✓ | ✓ |
e-Transfer | ✓ | ✓ |
PAD (Pre-Authorized Debit) | ✓ | ✓ |
EFT (Direct Deposit) |
| ✓ |
Transaction size limits
Method | Personal | Business |
e-Transfer | $10,000 | $25,000 |
Bill pay | $70,000 | $70,000 |
PAD | $70,000 | $70,000 |
EFT | N/A | $70,000 |
Support
| Personal | Business |
Chat support | ✓ | ✓ |
Email support |
| ✓ |
Which account is right for me?
Choose Personal if you:
Primarily pay household expenses (rent, bills, taxes)
Want to earn rewards or cashback on personal spending
Don't need to pay business taxes, suppliers, or payroll
Choose Business if you:
Are a self-employed professional or run a small to mid-sized business
Need to pay corporate taxes, GST/HST, or payroll remittances
Want to pay suppliers or vendors through Chexy
Use business credit cards (Visa, Mastercard, or Amex)
Want dedicated email support