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Business Accounts

CIBC Advanced Business Operating Account™

A superior value operating account for your growing business.

Get a superior value account with 100 transactions¹, including Interac e-Transfer^® transactions, and a monthly fee waiver

Save the monthly fee²

Pay no monthly fee when you have a minimum daily balance of $35,000.³

Free Interac e-Transfer transactions⁴

Send cash fast and request money from others with up to 100 free Interac e-Transfer transactions.

Competitive deposit package⁵

Deposit up to $5,000 cash, $500 coin and 50 cheques each month at no extra cost.

Advanced Business Operating Account at a glance

Monthly fee²

$0 or $35

Minimum daily balance³ to avoid monthly fee

$35,000

Transactions included¹

100
(includes Interac e-Transfer transactions⁴)

Deposit package⁵

$5,000 in cash

$500 in coins

50 cheques

Fees and details

How do I open an account?

Option 1: Complete the application form online; it’s quick and easy

Skip the trip to a banking centre and apply online, anytime. This is the most convenient way to open a business account ― complete the application form in as little as 30 minutes.
Apply now

Option 2: Complete the form and visit a CIBC Banking Centre

Complete the Business Account Application and Agreement (PDF, 400 KB)Opens a new window in your browser.
All principal owners and anyone who will sign on the account must bring 2 pieces of valid ID to your appointment.
Meet with usOpens a new window in your browser.

Bring the records for your business type:

It's more than just banking for your business

Send money around the world with CIBC Global Money Transfer^™ for Business

Send up to $100,000 to over 130 countries with no transfer fees^† with your CIBC Business Account. Earn $100 cash back^‡ after you send your first CIBC Global Money Transfer™ for Business. Plus, get up to $1,000^◊ based on the annual amount sent from January 1, 2024 to December 31, 2024.

Learn more about CIBC Global Money Transfers.

An exclusive offer of advice and banking solutions for your organization

Partner with CIBC and unlock solutions to provide your employees with a competitive banking offer that will meet their needs, at no additional cost to you.

Learn more about CIBC Global Money Transfers.

Contact us

Connect with a business banking expert on your schedule or in your community.

Find an advisor

Telephone Banking: 1-800-465-2422 Opens your phone app. | Contact us Opens in a new window.

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CIBC is a member of Canada Deposit Insurance Corporation (CDIC)

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-Transfer 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.

If you perform fewer than the allowed number of transactions in a month, the unused transactions cannot be carried forward to subsequent months.

² Monthly fee applies even if there is no account activity. Other fees may apply to the operation of your account. To learn more, refer to pages 6 to 12 in Business Account Service Fees (PDF, 995 KB) Opens in a new window..

³"Minimum balance” condition is met when the required minimum daily balance is maintained in your Business Operating Account at the end of each calendar day in the billing month. If you maintained the minimum daily balance, your statement will reflect the monthly account fee as a charge and a rebate.

⁴ Available through CIBC Online Banking. You will need the recipient’s email address to complete the transaction. Only a primary signing authority of a CIBC business account can send an Interac e-Transfer. Interac e-Transfer is not available to clients who were issued Convenience Cards prior to 2003. Standard Interac e-Transfer fees apply for transactions that exceed any quantities included in your account package.

⁵ Cheque deposits include cheques, money orders, drafts and all other clearing items. “Items Deposited” charges apply to deposits in excess of the deposit package. To learn more, refer to page 7 in Business Account Service Fees (PDF, 995 KB) Opens in a new window.