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CIBC U.S. Dollar Current Account

The CIBC U.S. Dollar Current Account is an operating account that is designed for businesses that have U.S. Dollar banking transactions. It allows your business to save on foreign exchange charges, as your transactions (deposits, cheques and withdrawals) are conducted in U.S. funds.

Interested in applying for a business account?
Read How to Open a Small Business Account, visit a CIBC branch, or contact a business advisor.
1-877-248-4024 toll free

Key benefits


Saves you money
  • Receive 1 free transaction1 (deposit, cheque or withdrawal) for every $500 U.S. held in your account for the entire calendar month2
  • The minimum monthly fee is waived if you do not have any transactions1 during the monthly account statement period
Convenient
  • In-branch service
  • Inter-Branch Deposit service provides over-the-counter deposit capabilities at any CIBC location accepting business deposits
  • Receive a monthly account statement3

Is it for you?

CIBC U.S. Dollar Current Account could be for you if you:

  • Conduct transactions in U.S. funds
  • Want to save on foreign exchange costs

Information you need to know:

  • If you are a small business client, you can access CIBC bank machines, CIBC Online Banking and Telephone Banking to obtain account balances and item inquiries
  • 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
  • Service fees are charged in U.S. dollars
  • Refer to our "Business Account Service Fees" brochure for details on U.S. dollar float calculations and service fees for the U.S. Dollar Current Account

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 If there is no account activity, a statement is not produced.

Products and their features may change at any time.

® Registered trademark of CIBC.

™ Trademark of CIBC.