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. and Changes to CIBC Business Account Service Fees effective July 1, 2021 (PDF, 30 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 Additional fees apply for full-service transfers between accounts.
5 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 use Interac e-Transfer. Interac e-Transfer isn’t 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.
6 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 a new window in your browser..