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Business Accounts

CIBC U.S. Dollar Current Account

A convenient operating account for Canadian businesses that manage cross-border income and expenses.

Get an account that lets you save on foreign exchange charges, because your transactions are in U.S. funds

Pay per use

Lower your monthly fees¹ by only paying for the transactions you make.

Convert less, save more

Deposit² and withdraw U.S. funds without worrying about currency conversions and exchange rates.

Access U.S. dollars anytime

Withdraw U.S. funds from any CIBC Banking Centre or CIBC Foreign Currency ATM in Canada.

U.S. Dollar Current
Account at a glance

Monthly fee¹

$6.00 US

All fees are charged in U.S. dollars

Transactions³

$1.00 US for each self-service⁴ transaction

$1.25 US for each full-service⁵ transaction

Fees and details

How do I open an account?

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:

Ready to open an account?

Book a meeting with a CIBC business advisor at a banking centre near you.

Meet with us

One of our experts will call you back when it's convenient for you.

Request a callOpens a new window in your browser.

Call us for more information about opening your business account.

1-866-992-7223Opens your phone app.

For more cross-border banking products and services, go to CIBC U.S.

It's more than just banking. We have the right advice and solutions for your business

Get expert advice

Get the right advice, services and support from specialists who understand your financial needs.

Meet with usTo get expert advice. Opens a new window in your browser.

Manage your foreign exchange needs

Send money globally with services like CIBC Global Money Transfer™ for Business, CIBC Wire Payments and FX Online CIBC. Make your foreign exchange transactions conveniently from your desktop, laptop or tablet.

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Move your business forward

Send cheques to recipients in the U.S. with our optional Cross Border Cheque Clearing Service.⁶Payees can easily accept and negotiate your cheques, so you never miss a payment.

Deposit funds with ease

Make deposits at a CIBC Banking Centre with a representative or through our CIBC Wallet Depository Service. Use your mobile device to deposit cheques directly into your account with CIBC eDeposit®.

Advice and resources

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Start Strong Program for Business

Draw the roadmap for your new business with ideas, insights and hands-on planning tools.

Learn more

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Managing your business

Increase profits and improve cost control with the right tips, tools and resources.

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Securing your future

Balance the day-to-day needs of running your business while preparing for your future.

Learn more

Questions?

Top business banking questionsOpens a new window in your browser. Opens a new window in your browser.

Need to talk?

Get in touch. We're here to help.

Request a callRequest a call. Opens a new window in your browser.

1-866-992-7223Opens your phone app.

Meet with usOpens a new window in your browser.

Find a branchOpens a new window in your browser.

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¹ 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 a new window in your browser..

² U.S. and other foreign currency deposits are not insured by Canada Deposit Insurance Corporation. For a complete listing of CDIC eligible CIBC Deposits review the CDIC Deposit Insurance Information.

³ 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.

⁴ Self-service refers to cheques written as well as transactions performed through an ATM, Point of Sale terminal, ABM-Wallet Combo Depository Service, CIBC Telephone Banking Automated Service, CIBC Business Contact Centre Automated Service, CIBC Online Banking, SmartBanking^® for Business (SmartBanking), CMO, CIBC eDeposit for cash, or CIBC eDeposit for cheques.

⁵ Full-service refers to transactions performed in a CIBC Banking Centre, through a CIBC Telephone Banking representative, through a CIBC Business Contact Centre representative, or through the regular Wallet Depository Service.

⁶ CIBC U.S. Dollar Current Account cheques payable by CIBC through its clearing agent to U.S. payees. This service is only available to clients with a CIBC U.S. Dollar Current Account. For more information refer to Fees and Details.

Trademarks

CIBC U.S. Dollar Current Account

Get an account that lets you save on foreign exchange charges, because your transactions are in U.S. funds

Pay per use

Convert less, save more

Access U.S. dollars anytime

U.S. Dollar Current Account at a glance

Monthly fee1

Transactions3

How do I open an account?

Complete the form and visit a CIBC Banking Centre:

Bring the records for your business type:

Ready to open an account?

It's more than just banking. We have the right advice and solutions for your business

Get expert advice

Manage your foreign exchange needs

Move your business forward

Deposit funds with ease

Advice and resources

GUIDE

Start Strong Program for Business

ADVICE

Managing your business

ADVICE

Securing your future

Ways to bank

Products and services

Resources

Need to talk?

Save your recently viewed products

U.S. Dollar Current
Account at a glance

Monthly fee¹

Transactions³

^GUIDE

^ADVICE

^ADVICE