Banks
Rating by Finanso®
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B2b Bank

Advertiser Disclosure

About bank

B2B Bank is a Schedule I Canadian bank and a wholly-owned subsidiary of Laurentian Bank, headquartered in Toronto's financial district. Specializing in agency banking, B2B Bank serves financial advisors, mortgage brokers, and other financial professionals across Canada. It offers a range of banking services including investment accounts, mortgages, loans, and RSP loans, catering to various key business verticals. B2B Bank collaborates with IIROC members and insurance manufacturers to provide comprehensive financial solutions. Despite the complexities of the financial landscape, B2B Bank strives to simplify the process for its clients, continually improving its services and offerings.

B2B Bank

Key features

  1. Diverse Financial Solutions. B2B Bank, a Schedule I Canadian bank, offers a comprehensive range of banking services including mortgages, loans, investment accounts, and mutual funds.

  2. Strategic Partnerships. B2B Bank collaborates closely with financial advisors, mortgage brokers, and other financial professionals to provide specialized solutions tailored to their clients' needs.

  3. Agency Banking Expertise. With an agency banking division dedicated to serving IIROC members and insurance manufacturers, B2B Bank acts as a trusted intermediary in facilitating financial transactions and services.

  4. Commercial Portfolio Support. B2B Bank assists financial professionals in expanding their commercial portfolios by offering specialized products such as RSP loans and commercial mortgages.

Pros and cons

Pros

Extensive Financial Offerings. B2B Bank provides a wide array of financial products and services, including mortgages, loans, investment accounts, and mutual funds, catering to the diverse needs of its clients.

Strategic Partnerships. Collaborating closely with financial advisors, mortgage brokers, and other financial professionals, B2B Bank leverages strategic partnerships to offer specialized solutions tailored to its clients' requirements.

Expertise. With a dedicated agency banking division and a commitment to excellence, B2B Bank demonstrates expertise in facilitating financial transactions and services, ensuring reliable and efficient support for its clients.

Cons

Limited Accessibility. B2B Bank primarily caters to businesses and financial professionals, limiting its accessibility to individual consumers who may not fall within these categories.

Limited Branch Network. Unlike traditional banks, B2B Bank may have a limited physical branch network, potentially impacting face-to-face interactions and accessibility for clients.

Potential Complexity. Due to its focus on specialized financial products and services, navigating B2B Bank's offerings may pose challenges for some clients, particularly those unfamiliar with the intricacies of agency banking and commercial portfolios.

B2B Bank requirements

  • Canadian Residency and Age of Majority. Applicants must be Canadian residents and of the age of majority in their province or territory of residence.

  • Void Cheque. A void cheque may be required for setting up electronic fund transfers or direct deposits.

  • Letter of Direction. If transferring funds from another financial institution, a Letter of Direction may be necessary to authorize the transfer.

  • Proof of Assets. Applicants may need to provide proof of assets, depending on the type of account or service being accessed.

  • Proof of Income. Similarly, proof of income may be required for certain accounts or services.

  • Investment Account Application. For investment accounts, an application specific to investment services may need to be completed.

  • Securities Control Agreement (Schedule A). This agreement outlines the terms and conditions governing the custody and control of securities held with B2B Bank.

  • Movable Hypothec on Investment Securities. Required for Quebec residents, this document establishes a movable hypothec (security interest) on investment securities held with B2B Bank.

  • Pledge Letter and/or Cheque. Depending on the circumstances, a pledge letter and/or cheque payable to B2B Bank Financial Services Inc., B2B Bank Securities Services Inc., or B2B Bank Intermediary Services Inc. may be necessary for certain transactions or services.

Access on the go

  • Investor Access. Individual investors benefit from online access to their holdings and transaction reporting across all registered and non-registered accounts at B2B Bank Dealer Services. Opting for eDelivery of statements, confirmations, and tax receipts enables investors to save time and conveniently access important documents for up to seven years.

  • Advisor Access. Advisors enjoy robust functionalities through the Advisor Access trading platform. In addition to online reporting, advisors can initiate purchases, redemptions, switches, and conversions seamlessly. Real-time reporting features further enhance service quality, allowing advisors to monitor the status of trades promptly.

  • Group Access. Group plan sponsors are empowered with online access featuring individual user access rights and privileges. This enables them to efficiently manage member accounts and perform tasks such as creating and editing regular and one-time remittances. The group access feature streamlines administrative processes, ensuring smooth management of group plans.

B2B Bank products

  • Investment Loans. These loans provide clients with the funds needed to invest in various assets, such as stocks, bonds, or mutual funds, potentially leveraging their investment returns.

  • RSP Loans. Designed to help clients maximize their Registered Retirement Savings Plan (RRSP) contributions, RSP loans provide the necessary funds to contribute to their retirement savings.

  • TFSA Loans. TFSA loans enable clients to maximize their Tax-Free Savings Account (TFSA) contributions, allowing them to invest in a variety of assets within the tax-sheltered account.

  • Mortgages. B2B Bank offers mortgage products to help clients purchase or refinance residential properties, with options such as fixed-rate mortgages, variable-rate mortgages, and mortgage refinancing.

  • Investment Accounts. Clients can open investment accounts with B2B Bank to access a wide range of investment options, including stocks, bonds, mutual funds, exchange-traded funds (ETFs), and more.

  • Savings Accounts. B2B Bank provides savings account options, allowing clients to earn interest on their deposited funds while maintaining liquidity and accessibility to their money.

B2B Bank services

  • Online Banking. B2B Bank provides a user-friendly online banking platform that allows clients to conveniently manage their accounts, transfer funds, pay bills, and access account statements and transaction history from anywhere with internet access.

  • Loan Calculators. B2B Bank offers online loan calculators that help clients estimate loan payments, compare different loan options, and plan their borrowing strategies more effectively.

  • Tools and Support for Mortgages. B2B Bank provides tools and resources to support clients in understanding the mortgage process, exploring mortgage options, and making informed decisions about purchasing or refinancing a home.

  • Advisor Access. B2B Bank offers a dedicated platform for advisor access, which allows financial advisors to manage client accounts, initiate transactions, access real-time reporting, and provide personalized financial advice and support.

  • Marketing Materials. B2B Bank provides marketing materials and resources to help financial advisors promote B2B Bank products and services to their clients effectively, including brochures, flyers, presentations, and digital marketing materials.

Which associations does B2B Bank belong to?

B2B Bank is a member of the Canada Deposit Insurance Corporation (CDIC), providing deposit insurance protection to eligible deposits held at B2B Bank.

Additionally, B2B Bank is part of THE EXCHANGE Network, a large network of ATMs and financial institutions across Canada, offering convenient access to banking services for its clients.

Furthermore, B2B Bank is affiliated with the Canadian Bankers Association (CBA), which represents over 60 domestic and foreign banks operating in Canada. Being part of the CBA allows B2B Bank to collaborate with other industry stakeholders and participate in shaping banking policies and regulations in Canada.

Bank reliability

B2B Bank is considered reliable within the Canadian financial sector. As a Schedule I Canadian bank and a wholly-owned subsidiary of Laurentian Bank, B2B Bank operates under regulatory oversight and adheres to industry standards, providing a range of banking services to clients, including financial advisors, mortgage brokers, and other financial professionals. With affiliations to organizations such as the Canada Deposit Insurance Corporation (CDIC) and participation in networks like THE EXCHANGE Network, B2B Bank offers stability, security, and convenience to its clients, contributing to its reputation for reliability in the financial industry.

Editorial opinion

B2B Bank, headquartered at 199 Bay Street Suite 600 in Toronto's financial district, stands as a notable player in the Canadian banking landscape. Serving as a subsidiary of Laurentian Bank, its commitment to offering diverse financial services to deposit and mortgage brokers, financial advisors, and other professionals is evident. While its role in facilitating commercial portfolios forming and providing mutual fund options garners attention, like any financial institution, B2B Bank faces scrutiny and occasional challenges. It's imperative for clients and stakeholders to conduct thorough research, considering both positive reviews and other reviews, to make informed decisions. While some may find aspects of navigating its offerings troublesome, the resulting organization remains pivotal in the Canadian banking sector.

Additional resources

Sources

FAQ

Is B2B Bank a good bank?

B2B Bank is regarded as a reputable financial institution within the Canadian banking sector, offering a range of services to meet the needs of its clients, including deposit and mortgage brokers, financial advisors, and other professionals.

Who is B2B Bank owned by?

B2B Bank is owned by Laurentian Bank, operating as a wholly-owned subsidiary of this Canadian banking institution.

Does B2B Bank have bank accounts?

Yes, B2B Bank offers various types of bank accounts, including savings accounts and investment accounts, tailored to the needs of its clients.

Is B2B Bank hard to get approved for?

The approval process for B2B Bank's services may vary depending on the specific product or service being applied for and individual circumstances. While meeting eligibility criteria is important, clients may find the approval process manageable with proper documentation and financial standing.

Company documents

B2B Bank Code of Confidentiality
Laurentian Bank Financial Group Privacy Statement

B2B Bank is a leading provider of banking products and services to financial advisors and mortgage brokers across Canada.

© Laurentian Bank Financial Group
Financial products
B2b Bank
Home Equity Line of Credit
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$5,000 and up
Rate
i

Effective interest rate on the product

5.20%
Term
i

Loan term for the financial product

10 years
B2b Bank
TFSA loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$5,000 and up
Rate
i

Effective interest rate on the product

5.45%-6.20%
Term
i

Loan term for the financial product

10 years
B2b Bank
RSP Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$2,500 and up
Rate
i

Effective interest rate on the product

6.70%
Term
i

Loan term for the financial product

10 years
B2b Bank
Investment Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$100,000 and up
Rate
i

Effective interest rate on the product

6.70%
B2b Bank
Homeowner’s Kit
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

4.72% to 6,93%
Term
i

Loan term for the financial product

30 years
B2b Bank
Net Worth program
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

4.72% to 6,93%
Term
i

Loan term for the financial product

30 years
B2b Bank
Equity program
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

4.72% to 6,93%
Term
i

Loan term for the financial product

25 years
B2b Bank
Business-for-self mortgages
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

4.72% to 6,93%
Term
i

Loan term for the financial product

30 years
B2b Bank
Vacation/secondary home mortgages
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

4.72% to 6,93%
Term
i

Loan term for the financial product

25 years
B2b Bank
Rental property mortgages
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

4.72% to 6,93%
Term
i

Loan term for the financial product

25 years
B2b Bank
Standard Residential mortgages
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

4.72% to 6,93%
Term
i

Loan term for the financial product

30-35 years
B2b Bank
Tax Free Savings Accounts (TFSAs)
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

B2b Bank
Non-Registered Investment and Savings Plans
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

B2b Bank
Restricted Locked-in Income Funds (RLIFs)
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

B2b Bank
Prescribed Registered Retirement Income Funds (PRRIFs)
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

B2b Bank
Locked-in Retirement Income Funds (LRIFs)
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

B2b Bank
Life Income Funds (LIFs)
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

B2b Bank
Registered Retirement Income Funds (RRIFs)
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

B2b Bank
Retirement Savings Plans (RRSPs)
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

B2b Bank
High Interest Investment Account (HIIA)
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

B2b Bank
Money Maximizer
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

B2b Bank
Long-Term Guaranteed Investment Certificates (GICs)
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$1,000 minimum investment
Term
i

Loan term for the financial product

1-5 years
B2b Bank
Short-Term Guaranteed Investment Certificates (GICs)
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

minimum investment from $5,000
Term
i

Loan term for the financial product

30-364 days
B2b Bank
B2B Bank Chequing Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$0 monthly fee
B2b Bank
B2B Bank High Interest Savings Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$0 monthly fee
Rate
i

Effective interest rate on the product

3.00%
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Loan term for the financial product

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Recommended FinScore™
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i

Effective interest rate on the product

up to 46.96%
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i

Loan term for the financial product

up to 60 months
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
1000.00 – 5000.00 C$
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Effective interest rate on the product

19.90 – 45.90 %
Term
i

Loan term for the financial product

6 months – 36 months
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
from 1000.00 C$
Rate
i

Effective interest rate on the product

from 14.40 %
Term
i

Loan term for the financial product

to 1 years
Mogo
Mortgage
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

4.46%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$10,000-$100,000,000
Rate
i

Effective interest rate on the product

up to 4.95%
Term
i

Loan term for the financial product

up to 10 years
Think Financial
Mortgage
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$50,000-$500,000
Rate
i

Effective interest rate on the product

up to 5.19%
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Loan term for the financial product

up to 25 years
CHIP Reverse Mortgage
Reverse Mortgage
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$100,000-$500,000
Rate
i

Effective interest rate on the product

up to 7.67%
Term
i

Loan term for the financial product

up to 25 years
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$1,000-$10,000,000
Rate
i

Effective interest rate on the product

up to 4.94%
Term
i

Loan term for the financial product

up to 40 years
Toronto-Dominion Bank
TD Every Day Savings Account
Rating by Finanso®
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$0 monthly fee
Tangerine Bank
Savings Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$0 monthly fee
Rate
i

Effective interest rate on the product

1.00%
Scotiabank
Ultimate Package
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

up to $30.95 monthly fee
Royal Bank of Canada
Savings Deposit
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
no minimum deposit
Rate
i

Effective interest rate on the product

0.5%
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