CIBC Business Operating Account™
The CIBC Business Operating Account is a Canadian dollar account for the day-to-day operation of your business. You can bank wherever it's most convenient for you - in the branch, over the telephone, or online.
You can make deposits, withdrawals, transfers, account inquiries, write cheques, pay bills and more - all at your convenience. The CIBC Business Operating Account simplifies and gives you complete control of your business banking. You have a choice of fee packages that give you maximum value, either Pay As You Go or a Flat Fee Package.
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| Read How to Open a Small Business Account, visit a CIBC branch, or contact a business advisor. |  |
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Key benefits
| Saves you money |
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| Flexible |
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| Convenient |
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Upgraded service features for "Additional Option"6
For an additional monthly fee, you can get all the upgraded features of a CIBC Business Operating Account to meet your needs:
- Access to CIBC bank machines to make deposits, withdrawals, transfers3, and pay registered bills
- Assign routine financial transactions and tasks to trusted individuals with CIBC Small Business Customized Access™
- Make unlimited CIBC bank machine account balance and account activity inquiries at no extra charge
- Access to INTERAC** Direct Payment service
- Access to Wallet Depository service, which allows you to make deposits (up to $50,000 per day) that have more than 40 items (cheques, coins, currency, etc.)7; learn more about preparing and delivering your wallet deposits.
Information you need to know:
- You can apply for CIBC Small Business Overdraft for ready access to funds up to an approved credit limit (maximum $10,000); a monthly fee of $9.50 is applied to each overdraft account
- Access to CIBC Emergency Travel Insurance† and CIBC Investor's Edge® Direct Investing Service†† is available
- For larger small business customers who use more sophisticated cash management services, CIBC Business Banking® (CBB) provides comprehensive Internet-based banking services; clients can easily and conveniently manage their cash positions with balance and transaction reporting, file transfer services and payment capabilities available through CBB
- Refer to our "Business Account Service Fees" brochure for information on service fees for the CIBC Business Operating Account for Small Business clients
Trademarks and Disclaimers
1 Transactions include deposits, cheques, withdrawals and all other debits and credits to your account that were initiated by you including, without limitation, pre-authorized payments, bill payments, Interac Direct Payments, direct deposits and transfers between accounts where applicable. Additional "Item Deposited" charges, where applicable, may apply to deposits. Additional "Currency Supplied" charges, where applicable, may apply to withdrawals.
2 Free transaction(s) cannot be carried forward for use in subsequent months.
3 Withdrawal and/or deposit charges may apply depending upon your account plan.
4 Clients who were issued more than two CIBC Convenience Cards prior to February 16, 2006 will continue to be charged for these additional cards a fee of $5.00 per card/month. This fee will continue to apply unless you replace these issued cards with a new CIBC Small Business Convenience Card.
5 If there is no account activity, a statement is not produced.
6 Some eligibility requirements must be met. Ask your business advisor for details.
7 Cost of wallets is extra.
† CIBC Emergency Travel Insurance is underwritten by Co-operators Life Insurance Company and is administered by TIC Travel Insurance Coordinators Ltd. All insurance is subject to terms and conditions. See the insurance certificate (issued on enrollment) for details.
†† CIBC Investor's Edge is the discount brokerage division of CIBC Investor Services Inc. ("ISI"), a subsidiary of CIBC. ISI does not provide you with any legal, tax, or accounting advice or advice regarding the suitability or profitability of a security or investment in a CIBC Investor's Edge account. You assume full responsibility for transactions in your CIBC Investor's Edge account and for your investment decisions. Cash balances owing to you are not insured by the Canada Deposit Insurance Corporation or any other government insurer but are fully guaranteed by CIBC. Unless with respect to a specific security you are informed to the contrary, securities sold are not guaranteed by Canada Deposit Insurance Corporation or CIBC. The value of many securities may fluctuate. ISI is a member of the Canadian Investor Protection Fund (CIPF); information about CIPF is available upon request.
™ Trademark of CIBC.
® Registered trademark of CIBC.
* VISA Inc./Lic. User.
** Trademark of INTERAC Inc. CIBC authorized user of the trademark.
Products and their features may change at any time.
Copyright® 2008 Canadian Imperial Bank of Commerce. All rights reserved.