CIBC U.S. Dollar Current Account

The CIBC U.S. Dollar Current Account is an operating account that is designed for businesses that have U.S. Dollar banking transactions. It allows your business to save on foreign exchange charges, as your transactions (deposits, cheques and withdrawals) 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.

Key benefits


  • Use CIBC Telephone Banking, CIBC Online Banking® or CIBC Cash Management Online® (CMO)2 to inquire about your account and to arrange stop payments without having to leave your home or business
  • Use our Inter-Branch Deposit service to make deposits at any CIBC branch accepting business deposits
  • With the optional Cross-Border Cheque Clearing service, conduct cross-border business conveniently by using cheques that are encoded for easy negotiation by your suppliers in the United States

Gives you complete control

  • Monitor account activities by convenience cardholders on your monthly statement or through CIBC Online Banking

Saves you money

  • Avoid costs associated with exchanging currency

Record-keeping options

  • Printed account statements are available monthly3
  • eStatements are available at no additional charge through online channels4
  • Additional detailed reporting is available through CMO

Is it for you?

CIBC U.S. Dollar Current Account could be for you if you:

  • Conduct transactions in U.S. funds
  • Want to save on foreign exchange costs

Information you need to know:

  • If you are a business client, you can access CIBC bank machines, CIBC Online Banking and Telephone Banking to obtain account balances and item inquiries
  • For business customers with more sophisticated cash management needs, CIBC Cash Management Online 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).
  • Service fees are charged in U.S. dollars
  • Refer to our Business Account Service Fees (PDF, 995 KB)  brochure for details on U.S. dollar float calculations and service fees for the U.S. Dollar Current Account

Rates and Fees

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