CIBC Business Operating Account

A CIBC Business Operating Account is the foundation of your banking activities with CIBC and allows you to take advantage of our broad range of financial services.

Our account options offer everyday banking benefits and exceptional value for businesses with low to high transaction volumes. With the flexibility to bank when and where you
want - whether in-branch, by phone, at an ABM or using our online and mobile banking services - our accounts allow you to conveniently and efficiently meet your day-to-day banking needs.

A CIBC business advisor will work with you to select the right account to help you improve your bottom line, facilitate cash flow and help your business achieve its goals.

Planning to open a CIBC business account?

Find out what you'll need to get started or contact your CIBC business advisor.
1-800-465-2422 toll-free

Accounts available:

CIBC Unlimited Business Operating Account®

Offers businesses with a high number of monthly transactions the ability to simplify banking and enhance cash flow for one low monthly fee. With unlimited transactions1 such as withdrawals, deposit transactions, transfers, bill payments as well as a cash, coin and cheque deposit package5, this account offers a consistent monthly fee even when your banking activity increases.

CIBC Everyday Business Operating Account™

Offers exceptional value to businesses with a consistent number of monthly transactions. With everyday banking benefits such as 30 transactions1 each month a cash, coin and cheque deposit package6 and the flexibility to reduce fees when you only use self-service channels7 to perform transactions in a month, this account not only helps you manage your cash flow, but also your bottom line.

CIBC Basic Business Operating Account®

Offers businesses with a low number of monthly transactions1 the flexibility to minimize monthly banking fees by paying only for what is used. This account gives you the ability to perform all of your day-to-day banking, anytime and anywhere at CIBC for a low monthly account fee.

CIBC Not-for-Profit Operating Account

Offers a cost-effective solution to meet the needs of local not-for-profit or community-based organizations. This account includes a low monthly account fee and 10 transactions1 so you can put your organization's money to its best use.

Key benefits

Saves you money
  • Minimize your account fees by selecting the account that best suits your business needs
  • Select the Basic BOA if you want to get value for your money with one low monthly fee and pay only for what is used.
  • Select the Everyday BOA if you consistently perform 20-60 transactions per month and are looking for an account with a fixed monthly fee. Plus you get a cash, coin and cheque deposit package that includes up to $3,000 cash, $300 in coin and 25 cheques deposited into the account each month.
  • Select Unlimited BOA if you value the benefit of unlimited transactions such as withdrawals, deposit transactions, bill payments and transfers for one low monthly fee. Plus, you get a cash, coin and cheque deposit package that includes up to $15,000 cash, $1,000 in coin and 100 cheques deposited into the account each month.
  • Select Not-for-Profit Operating Account if you are a local not-for-profit or community based organization and perform limited transactions each month.
Facilitates cash flow
  • Access detailed transaction reporting to understand in and out cash flows such as printed statements, eStatements and reporting available through CIBC Cash Management Online® (CMO)9
  • Perform transactions such as deposits, withdrawals, transfers2, bill payments, INTERAC e-Transfers and wire payments to collect and distribute funds
Bank where and when you want
  • Access your account 24 hours a day, 7 days a week through CIBC Telephone Banking, CIBC Online Banking® or CMO
  • Extended banking hours with many CIBC branches open on Saturdays and Sundays
  • Access to CIBC’s Wallet Depository Service4
  • Send and receive payments via INTERAC e-Transfer® available through CIBC Online Banking
Gives you peace of mind
  • Assign routine financial transactions and tasks to trusted individuals with CIBC Small Business Customized Access™
  • Receive unlimited CIBC Small Business Convenience Cards® at no additional cost
Record-keeping options
  • Printed account statements are available monthly8
  • eStatements are available at no additional charge through online channels10
  • Additional detailed reporting is available through CMO

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 business customers with more sophisticated cash management needs, CIBC Cash Management Online (CMO) delivers secure, 24/7 access to a comprehensive suite of online cash management products and services in a scalable, user-friendly and fully supported tool. Easily and conveniently manage your cash positions with balance and transaction reporting, file transfer services and payment capabilities (separate service charges apply).
  • Refer to our "Business Account Service Fees (200 KB)" brochure for information on service fees for the CIBC Business Operating Account for Small Business clients.

Terms and Conditions

Products and their features may change at any time. Get complete information about fees here (200 KB).

1 Transactions include any debits and credits to your account (excluding CIBC interest credits and fee debits). Debits include, without limitation, withdrawals, cheques, pre-authorized payments, bill payments, INTERAC Direct Payments, INTERAC e-TransferTM1 payments, direct deposits and transfers to other accounts. Credits include, without limitation, deposits, pre-authorized payments, bill payments, INTERAC Direct Payments, INTERAC e-Transfer payments, and direct deposits and transfers from other accounts (except transfers from CIBC business accounts). Additional charges may apply including, without limitation, INTERAC e-Transfer, Items Deposited and Currency Supplied fees where applicable. Refer to Additional Services and Charges for details.

2 Withdrawal and/or deposit charges may apply depending upon your account plan.

3 Some eligibility requirements must be met. Ask your business advisor for details.

4 Cost of wallets is extra.

5 "Items Deposited" charges apply to deposits in excess of 100 cheques, $15,000 cash or $1,000 coin deposited per month. Cheque deposits include cheques, money orders, drafts and all other clearing items.

6 "Items Deposited" charges apply to deposits in excess of 25 cheques, $3,000 cash or $300 coin deposited per month. Cheque deposits include cheques, money orders, drafts and all other clearing items.

7 Self-service refers to transactions1 performed through one of the following channels: ABMs, Point of Sale terminals, Wallet Depository Service, CIBC Telephone Banking Automated Service, CIBC Business Contact Centre Automated Service, CIBC Online Banking or CIBC Cash Management Online.

8 Printed statement fee will apply.

9 CMO monthly Maintenance fee will apply.

10 eStatements are available once a month at month end on CIBC Online Banking or based on your preferred statement cycle on CIBC Cash Management Online (CMO). To view eStatements on CIBC Online Banking, you must be a Signatory or Co-Signatory and registered for CIBC Online Banking. To view eStatements on CMO, you must be registered for CMO, entitled to one or more business accounts and entitled to eStatements. Included with CMO monthly Maintenance fee.

† 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.