CIBC Everyday Business Operating Account^®
fees and details

Find out how much you'll pay, with no hidden surprises.

Choose fees and details for more information:

Download full documentation:

Business account service fees (PDF, 795 KB) Opens in a new window.

Fee summary

Monthly account fee¹:

$0 if you maintain a minimum daily balance of $15,000 throughout the month

$20 self-service access

$25 full-service access

Full-service access fee applies if any full-service transactions are performed in a month.

“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.

If you maintained [KS1] [VC2] the minimum daily balance, your statement will reflect the monthly account fee as a charge and a rebate

[KS1] per legal approval

[VC2] Grammatically incorrect; see above comment

Transactions included²:

30 per month
Includes Interac e-Transfer® transactions

Each additional transaction²:

$1.00 self-service³

$1.25 full-service⁴

Cash, coin and cheque deposit package⁵:

Up to $3,000 cash, $300 coin and 25 cheques deposited per month

Record keeping

eStatements⁶ delivered through:

CIBC Online Banking®
No charge

CIBC SmartBanking™ for Business
No charge

CIBC Cash Management Online® (CMO)
Included with CMO monthly maintenance fee

Paper statements:

Printed statements⁷

$3.50 each

Monthly statement reprint

$5.00 each plus printed statement fee

Interim statement

$4.50 each plus printed statement fee

Additional services, charges and important information

Balance enquiries:

For each request at a CIBC Banking Centre, by phone⁸ or by mail
$2.75

By CIBC ATM, CIBC Telephone or Online BankingNo charge

Bill payments:

Bill payments at a CIBC Banking Centre
No charge

Plus transaction fee, if applicable. CIBC Convenience Card® required.

Items deposited:

Each cheque deposited

$0.22

Cash deposited — bills (per $1,000)

$2.25 when deposited through a CIBC ATM

$2.50 when deposited any other way

Coin deposited (per $100)

$2.50

Plus transaction fee, if applicable. Items deposited via regular Wallet Depository Service as well as ABM-Wallet Combo Depository Service are charged at full-service rates.

Deposit error adjustments:

Each deposit made with inaccurate or incomplete information through a CIBC ATM, Wallet Depository Service or Armoured Car Direct Pickup
$5.00

Transfers between your accounts:

Fee for transfers between your accounts, in addition to any applicable withdrawal and, or, deposit charges that may apply
$0 self-service³$5.00 full-service⁴

Withdrawals at non-CIBC ATMs⁹:

In Canada:

$2.00 each plus transaction fee, if applicable

Some ATMs may levy surcharges

In the U.S.:

$3.00 each plus transaction fee, if applicable, and a 2.5% administration fee

Some ATMs may levy surcharges

Outside Canada and the U.S. (Plus or Visa Network):

$5.00 each plus a 2.5% administration fee

You're charged the same foreign exchange conversion rate CIBC is required to pay, plus an administration fee of 2.5% of the converted amount in addition to any transaction fees applicable to the withdrawal and the fees noted above.

Conversion to Canadian dollars may occur on a date other than the date of your transaction. Therefore, the conversion rate may be different from the rate in effect at the time of your transaction. Some ATMs may levy surcharges.

Non-CIBC client withdrawals at CIBC ATMs

In Canada:

$3.50 each

Cheque certifications:

When requested by a payor (cheque issuer)$15

When requested by a payee (cheque recipient)
$20

Cheques for business accounts:

Cheques vary in price depending on style and quantity. Talk to a CIBC business advisor for more information.

Cheques written in currencies other than the account currency:

When a cheque is written in any currency different from that of the account
$20 plus transaction fee, if applicable

For cheques written on U.S. accounts, the fee will be $20 US.

For cheques written on foreign currency accounts (other than U.S. accounts), the fee will be converted to and charged in the same currency as the account using an exchange rate set by CIBC on a date determined by CIBC.

Cross-border cheque clearing¹⁰:

Monthly service fee
$39 per month, per account

Non-magnetic ink character recognition (MICR) encoded cheques:

Service charge when you don't use a cheque that's been MICR encoded for your Canadian dollar account
$5.00 plus transaction fee, if applicable

Service charge when you use a cheque that's not MICR encoded for your U.S. dollar account
0.05% of the cheque amount plus transaction fee, if applicable

(minimum charge $5.00 US, maximum $100 US)

Non-sufficient funds (NSF) cheques and pre-authorized debits:

A cheque you draw or a pre-authorized debit that's returned unpaid due to non-sufficient funds in your account$45 plus transaction fee, if applicable

Online cheque viewing:

View images of items online via CIBC Online Banking, CIBC SmartBanking for Business, or CIBC Cash Management Online (CMO) Image Retrieval
No charge

CMO monthly maintenance fee applies

Interac e-Transfer® service:

Available through CIBC Online Banking. You'll need the recipient’s email address to complete the transaction. Only a primary signing authority of a CIBC business account can send money via e-Transfer. e-Transfer isn't available to clients who were issued Convenience Cards prior to 2003.

Sending money via e-Transfer:

$1.50 each plus transaction fee, if applicable
For e-Transfers that exceed any quantities included in your account package

Receiving money via e-Transfer:

No charge plus transaction fee, if applicable

Retrieval and copy of cancelled cheques or other items:

$5.00 per item
Copies of certified cheques aren't provided

Returned cheques or chargebacks:

A cheque you deposit that's returned unpaid$7.00 each

Stop payments:

Cheques and pre-authorized payments:

Full details provided

$12.50 per request

Full details not provided

$20 per request

Interac e-Transfer:

$3.50 per request

Bank confirmations and audit verifications:

Verification of balance only$25

Providing additional information involving extra work
$40 per staff, per hour (minimum $40)

Credit reports:

Enquiry within Canada:

Verbal

$20 per report

Rushed verbal (same day)

$25 per report

Written

$25 per report

Verbal and written

$30 per report

Additional out-of-pocket expenses may apply

Enquiry outside of Canada:

Verbal or written

$30 per report

Additional out-of-pocket expenses may apply

Credit report fees apply to: a request for a credit report on your account, whether made by you or by another party with your consent; and your request that CIBC obtain a report on another party’s account at CIBC or another institution.

Currency supplied:

Cash orders supplied — per $1,000 of currency
$1.50

Coin orders supplied — per roll of coin
$0.16

Government payment and filing services:

$2.00 per payment, per filing

Item enquiries:

For each item request or transaction listing:

At a CIBC Banking Centre, by telephone⁸ or mail$5.00

By CIBC ATM, Telephone or Online Banking
No charge

Transfers between financial institutions:

To transfer the account to another financial institution (via Balance of Account Transfer form)
$19.50

Wallet depository services:

Designed for business customers who deposit large amounts of cash, coin or cheques and, or, have business needs, which may include banking outside regular banking hours
$2.50 per month, per account

Bank drafts and money orders:

Canadian currency
$9.95 per item plus transaction fee, if applicable

U.S. currency
$9.95 CA per item plus transaction fee, if applicable

Foreign currency
$9.95 CA per item plus transaction fee, if applicable

Collection items:

Incoming collections:

CIBC will charge a fee to other financial institutions requesting collection of items drawn on CIBC accounts and will deduct the fee from the amount paid to the other financial institution.

Dormant or inactive account fees¹¹:

Business accounts become dormant, or inactive, when there's been no customer-initiated activity for 6 months except for the CIBC Business Investment Growth Account, which becomes dormant after 12 months^* of no client-initiated activity, and the CIBC AgriInvest Account, which becomes dormant after 18 months of no client-initiated activity. Exception also applies to the CIBC Business Interest Account^®.

For maintaining a dormant or inactive account for 2, 3 or 4 years
Lesser of $20 or account balance

For maintaining a dormant or inactive account for 5, 6, 7 or 8 years
Lesser of $30 or account balance

For maintaining a dormant or inactive account for 9 years
Lesser of $40 or account balance

After 10 years, if your account remains dormant, your Canadian account balances are transferred to the Bank of Canada.

Request for replacement of bank drafts or money orders:

Drawn in Canadian currency
No charge

Drawn in U.S. currency or other foreign currency
$25

Some conditions apply, talk to a CIBC business advisor for more information.

Safety deposit boxes:

Sizes and prices:

1 1/2” x 5” x 24”

$60 per year

2 1/2” x 5” x 24”

$85 per year

3 1/4” x 5” x 24”

$90 per year

5” x 5” x 24”

$150 per year

2 1/2” x 10 3/8” x 24”

$175 per year

5” x 10 3/8” x 24”

$350 per year

10” x 10 3/8” x 24”

$400 per year

Plus applicable taxes

Rent is paid in advance. Other sizes and prices available. For more information, talk to a CIBC business advisor.

Closing safety deposit boxes:

If your box is closed within one year of opening, we'll refund your rent based on the months remaining, up to a maximum of 6 months.

If your box is closed after the first full year, we'll refund your rent pro-rated on the remaining months in the term.

Replacement services:

Replacement of lost keys

$15 CA per key plus applicable taxes

Drilling of box and replacement of lost keys
$100 CA per key plus applicable taxes

Search for accounts:

Search for accounts of deceased or incapacitated persons

$6.50 per name, per CIBC Banking Centre (Minimum $22.00; plus applicable taxes)

For letters confirming account balance, interest, etc.

$16.50 per account plus applicable taxes

Wire payments and inter-branch payments:

Outgoing wire payments initiated at a CIBC Banking Centre¹²:

$10,000 or less

$30 per payment

$10,000.01 to $50,000

$50 per payment

Greater than $50,000

$80 per payment

Incoming wire payments:

Canadian and U.S. currency

$15 per payment

Other currencies:

$15 CA per payment

Wire payment investigations:

Recall

$35 per investigation

Trace

$35 per investigation

Amend

$35 per investigation

Wire amendment fees may apply to both incoming and outgoing wire payments.

Outgoing wire fees will be charged in Canadian currency. For wires from foreign currency accounts, including U.S. accounts, the equivalent fee will be charged in the same currency as the account using an exchange rate set by CIBC on a date determined by CIBC. Correspondent banks may levy additional charges.

For Canadian and U.S. currency, the fee will be charged in the same currency as the incoming payment and deducted from the incoming payment amount. For other currencies, the Canadian equivalent fee will be converted to the same currency as the incoming payment using an exchange rate set by CIBC on a date determined by CIBC and deducted from the incoming payment amount.

Inter-branch payments (between CIBC Banking Centres in Canada):

$10,000 or less

$15 per payment

$10,000.01 to $25,000

$30 per payment

$25,000.01 to $100,000

$60 per payment

Greater than $100,000

$100 per payment

Additional out-of-pocket expenses may apply

Business overdraft:

For details about fees and interest, review business overdraft.

CIBC Smart Banking for Business:

For more information, talk to your CIBC business advisor.

Foreign currency transactions:

CIBC may, in its discretion, permit transactions in a currency different from that of your account. The foreign currency will be converted to the currency of your account at the exchange rate determined by CIBC on a date determined by CIBC, which may be different from the date you performed the transaction.

If a foreign currency instrument previously deposited and converted to the currency of your account is returned to CIBC unpaid for any reason, you agree an amount equal to the foreign currency instrument will be converted to the currency of your account based on a foreign exchange sell rate determined by CIBC on a date determined by CIBC and the converted amount will be charged back to your account.

CIBC is not responsible for any losses you may incur due to changes in foreign currency exchange rates or the unavailability of funds due to foreign currency restrictions. You agree that any claims CIBC may have against you, and any service or other charges related to your account, can be deducted from your account in the same currency as the account¹³.

Account conversions:

If you change your account type prior to the end of the final business day of the month to an account with a different fee structure, all transactions during that month, including those made before the change, will be subject to the fees under the fee structure that applies to your new account type at the end of the month. However, any fees which have already been paid or deducted from your account during the month (money orders, for example) will not be refunded upon conversion.

Show more additional services, charges and important information

CIBC Everyday Business Operating Account® fees and details

Choose fees and details for more information:

Download full documentation:

Fee summary

Monthly account fee1:

Transactions included2:

Each additional transaction2:

Cash, coin and cheque deposit package5:

Record keeping

eStatements6 delivered through:

Paper statements:

Additional services, charges and important information

Balance enquiries:

Bill payments:

Items deposited:

Deposit error adjustments:

Transfers between your accounts:

Withdrawals at non-CIBC ATMs9:

In Canada:

In the U.S.:

Outside Canada and the U.S. (Plus or Visa Network):

Non-CIBC client withdrawals at CIBC ATMs

Cheque certifications:

Cheques for business accounts:

Cheques written in currencies other than the account currency:

Cross-border cheque clearing10:

Non-magnetic ink character recognition (MICR) encoded cheques:

Non-sufficient funds (NSF) cheques and pre-authorized debits:

Online cheque viewing:

Interac e-Transfer® service:

Sending money via e-Transfer:

Receiving money via e-Transfer:

Retrieval and copy of cancelled cheques or other items:

Returned cheques or chargebacks:

Stop payments:

Cheques and pre-authorized payments:

Interac e-Transfer:

Bank confirmations and audit verifications:

Credit reports:

Enquiry within Canada:

Enquiry outside of Canada:

Currency supplied:

Government payment and filing services:

Item enquiries:

For each item request or transaction listing:

Transfers between financial institutions:

Wallet depository services:

Bank drafts and money orders:

Collection items:

Incoming collections:

Dormant or inactive account fees11:

Request for replacement of bank drafts or money orders:

Safety deposit boxes:

Sizes and prices:

Closing safety deposit boxes:

Replacement services:

Search for accounts:

Wire payments and inter-branch payments:

Outgoing wire payments initiated at a CIBC Banking Centre12:

Incoming wire payments:

Other currencies:

Wire payment investigations:

Inter-branch payments (between CIBC Banking Centres in Canada):

Business overdraft:

CIBC Smart Banking for Business:

Foreign currency transactions:

Account conversions:

CIBC Everyday Business Operating Account^®
fees and details

Monthly account fee¹:

Transactions included²:

Each additional transaction²:

Cash, coin and cheque deposit package⁵:

eStatements⁶ delivered through:

Withdrawals at non-CIBC ATMs⁹:

Cross-border cheque clearing¹⁰:

Dormant or inactive account fees¹¹:

Outgoing wire payments initiated at a CIBC Banking Centre¹²: