CIBC U.S. Dollar Current Account

For foreign currency accounts, including U.S. Dollar Current Accounts, service charges stated are in addition to any applicable exchange charges. Foreign currency deposits, including U.S. dollar deposits, are NOT insured under the Canada Deposit Insurance Corporation Act.

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

With the optional Cross-Border Cheque Clearing1 service, cheques issued to payees in the U.S. will be accepted and easily negotiated.

This account offers:

  • Cheques and withdrawals
  • Over-the-counter deposits at any CIBC location accepting business deposits
  • Access for Business clients to CIBC Instant Teller® bank machines, CIBC Telephone Banking, CIBC Online Banking®, CIBC Cash Management Online® (CMO)4 or Branch Banking for U.S. dollar balance and account activity inquiries
  • Ability to transfer between CIBC accounts in person at your branch
  • Printed account statements are available monthly2
  • eStatements are available monthly for no additional charge through online channels3
  • Detailed reporting is available through CMO

Fee summary

All of the following fees for U.S. accounts are in U.S. dollars.

  • Monthly account fee5
  • $6.00
  • Each transaction6
  • $1.00 self-service 7
  • $1.25 full-service 8

Need more information?

Contact a CIBC representative or visit a CIBC branch near you.

1-800-465-2422 toll free