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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

Deposit 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

Transactions²

$1.00 US for each self-service³ transaction

$1.25 US for each full-service⁴ transaction

Fees and details

How do I open an account?

Option 1: Complete the application form online; it’s quick and easy

Skip the trip to a banking centre and apply online, anytime. This is the most convenient way to open a business account ― complete the application form in as little as 30 minutes.
Apply nowto open a CIBC U.S. Dollar Current Account. Opens a new window in your browser.

Option 2: 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?

Open a business account on your own time. Fill out the online application form and save the trip to a banking centre.

Apply now

One of our advisors will call you back when it’s convenient for you, or you can call us if you have any questions.

Request a call or call 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.⁵Payees 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®.