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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.

Digital Commerce Bank

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About bank

Digital Commerce Bank (DCBank) is a financial institution founded in 2007 as a Schedule I bank. Being focused on technology, Digital Commerce Bank specializes in providing payment and banking solutions to corporate clients. Still, it offers personal banking products as well. 

Features

DCBank works with individuals and businesses, although most of its solutions primarily focus on the needs of corporate clients.

Digital Commerce Bank has a membership with such organizations as Payments Canada, Interac, Visa, and MasterCard.

Along with that, Digital Commerce Bank actively engages with the local community. For example, DCBank is a charity partner of My First Bicycle foundation. To support Canadian entrepreneurs, DCBank offers free access to the AI-powered search tool designed to help business owners find government and private-sector funding and financial support. In 2021, DCB Bank was the title sponsor of the Fintech Award.

Pros and cons

Let’s look through the advantages of Digital Commerce Bank for both individuals and businesses:

  • Cost-effective bank personal banking accounts

  • Support of popular payment networks

  • An opportunity to integrate software products and APIs with each other

  • API documentation provided on the website

  • Sandbox access to software products

  • Customization opportunities for most software solutions 

Here are the disadvantages to keep in mind:

  • A $49.95 monthly fee for corporate banking accounts

  • Potentially higher costs of customized solutions

Products and services

For individuals, DCBank offers personal banking accounts for everyday transactions with no minimum balance requirements, no bill payment fees, and no credit checks to apply, all for $9.95 per month.

For businesses, there is a range of products at DCBank:

  • Corporate bank accounts for daily business transactions with no minimum balance requirements, free online statements, and a $49.95 monthly fee

  • Payment solutions designed to simplify money transfers, with built-in payment reporting capabilities

  • Card services allowing clients to issue custom branded or white label cards powered by the largest payment networks (like Visa and Mastercard)

  • Digital wallet platform allowing to build custom wallets with integrated payment processing capabilities and a mapping system to automate transfers and deposits (Direct Deposit Tracking)

  • Identity verification solutions allowing to perform identity and account-based validations while ensuring a seamless customer experience

  • Lending software allowing corporate clients to manage their lending operations, capable of integrating with other DCBank APIs.

Digital Commerce Bank

FAQ

Who owns Digital Commerce Bank?

Digital Commerce Bank is a privately held bank. The co-founder, CEO, and director of Digital Commerce Bank is Jeffrey J. Smith.

Is Digital Commerce Bank legitimate?

Digital Commerce Bank is a chartered bank incorporated as a Schedule I bank under the Canadian Bank Act and authorized by the Superintendent of Financial Institutions to carry on business. The DCBank’s head office is 736 Meridian Road NE, Calgary, Alberta T2A 2N7.

How do I contact Digital Commerce Bank customer service?

You can contact the DCBank customer service team in any of the following ways:

  • By email [email protected]

  • By phone at 1 844 836 6040

  • By mailing your request to 736 Meridian Road NE, Calgary, Alberta, T2A 2N7

Company documents

Privacy Policy

Digital Commerce Bank is a Schedule 1 Canadian Bank focused on technology and delivering robust and secure payment technologies. The Bank’s technology-driven platform provides innovative payment and banking solutions to its corporate clients, enabling businesses to offer their own financial and payment solutions. The Bank’s proprietary banking-as-a-service and payment solutions, as well as straightforward APIs, offer clients efficiency, flexibility, and convenience when it comes to integrating services directly to a business’ product. The Bank is a member of Payments Canada, and is a principle member of Interac, Visa and MasterCard.

© Digital Commerce Bank
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