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.
2 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.
3 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.
4 Full-service access fee applies if any full-service transactions are performed in a month.
5 "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.
6 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.
7 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 is not available to clients who were issued Convenience Cards prior to 2003. Standard Interac e-Transfer service fees apply for transactions that exceed any quantities included in your account package.
8 Annual interest rate and credit limit is based on your personal credit bureau and other information at the time your application is processed. The minimum credit limit is $5,000 and the maximum credit limit is $50,000. Annual interest rate will range between CIBC Prime Rate + 1.5% and CIBC Prime Rate + 13.0%. The card’s annual interest rate is variable, meaning that it may change when CIBC’s Prime Rate changes. You can find out what CIBC Prime Rate is by calling CIBC toll-free at 1-866-525-8622 Opens your phone app..
9 Subject to credit approval. Rate and credit limit will be determined based on an assessment of application. Credit decision is based on receipt of a complete application and supporting documentation. The interest rate on variable rate loans, line of credit and Canadian dollar Business Overdraft will change whenever CIBC's Prime Rate changes. Some conditions and restrictions may apply. Personal guarantees may be required from all principals who have ownership interest.