How do I add or remove a business from my business group?

Before requesting to add or remove a business from your business group, make sure that :
 

• The details of the administrators and the registrar of businesses reflect your current business structure.
• You are an authorized person and have signed the corporate banking services convention.

When should I add a new business to a business group?

1. After the purchase of a new business : you want to integrate a new entity into the business group.
2. To transfer an existing business : you want to link an existing entity to your banking group.
    

What is the procedure that must be followed?

If the business is already a National Bank client

You must request to create or modify the business’s group by speaking with your account manager, who will begin the process of adding or removing the business.

If the business is not yet a National Bank client

Contact your account manager, who will begin the addition or removal process.
 

If you don’t have an account manager, you must initiate the process of opening a bank account for the business before it can be added to a group :
 

1. By visiting a branch in person.
2. Remotely, by consulting our open a bank account for a business page.
    

When you open the account, you must provide the following details for the business :

• The legal name and business number.
• Its relation to the business group.
• The list of desired cash management products.
• Its administrators and authorized signatories.
   

Consult our How do I create or modify a business group? page to learn more.
 

When should I remove a business from a business group?

1. Sale of a business : the business is no longer part of the business group.
   
2. Internal restructuring : this could include a merger, a demerger, or a change in the main entity.
    

What is the procedure that must be followed?

You must contact your account manager, who will initiate the process with you.

Removing the main entity

Another business must be designated as the new main entity before the existing main entity can be removed.

You must assign users any required access to the new main entity.

Removing another entity within the group

Users with access granted to them from the main entity will lose their access for any entity that is removed.
 

We suggest that you take screenshots of the user accesses in your entity before deleting it if you’d like to have a record of this information.
 

We also suggest that you back up any important details shared from the entity to the group before the removal of the entity.
 

Merger or demerger of businesses

If the addition or removal of a business is related to a merger or demerger, consult the following resources for assistance :
 

• Making a successful acquistion, in partnership with HEC
• Guide for transferring a business
• Business succession: taking over the family business
• Business management: advice and support in managing your finances
• Guide for new business group administrators