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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

Deposit, withdraw and transfer U.S. funds with ease at any CIBC Banking Centre holding U.S. cash.

Transfer between CAD and USD accounts

Transfer funds in real time seamlessly through CIBC Online Banking® and the CIBC Mobile Banking App®, simplifying your banking experience.

U.S. Dollar Current Account at a glance

Monthly fee¹

$8.00 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

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 now to open a CIBC U.S. Dollar Current Account. Opens a new window.

Option 2: Contact our Business Client Advice Centre

Ensure you have the following records available for your business type:

It's more than just banking for your business

Send money around the world with CIBC Global Money Transfer™ for Business

Send up to $100,000 to over 130 countries with no transfer fees^† with your CIBC Business Account. Earn $100 cash back^‡ after you send your first CIBC Global Money Transfer^™ for Business. Plus, get up to $1,000^◊ based on the annual amount sent from January 1, 2025 to December 31, 2025.

Learn more about CIBC Global Money Transfers.

Contact us

Connect with a business banking expert on your schedule.

Call for questions about sales and products
1-866-992-7223

Call for questions about everyday banking
1-800-465-2422

Contact our Business Client Advice Centre

CIBC is a member of Canada Deposit Insurance Corporation (CDIC)

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

Transfer between CAD and USD accounts

U.S. Dollar Current Account at a glance

Monthly fee1

Transactions2

How do I open an account?

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

Option 2: Contact our Business Client Advice Centre

Ensure you have the following records available for your business type:

It's more than just banking for your business

Send money around the world with CIBC Global Money Transfer™ for Business

Contact us

Monthly fee¹

Transactions²