† Refer to $400 Business Operating Account Spring Cash Bonus Offer Terms & Conditions Opens in a new window.
◊ The promotional offer is valid from March 23, 2022 through to March 31, 2023 and is only available to net-new Global Payments clients in Canada that enter into a minimum one (1) year credit and debit processing agreement with Global Payments Direct Inc. and that receive their deposits into a CIBC business bank account by April 30, 2023. Statement credit applicable after 90 days of continuous processing. ‡Global Payments Merchant Portal, Analytics, and Disputes Management will be available at no cost. Offer may end or be suspended at any time for any reason, and is subject to change without notice. Other fees/taxes may apply. This offer cannot be combined with any other Global Payments Canada offers/promotions. This offer cannot be exchanged for cash, in part or in full, and no other substitution is permitted. Clients will enter into a minimum one (1) year client agreement, which auto-renews for successive six (6) month periods. Clients currently under contract with Global Payments Canada and/or Global Payments Direct, Inc. are not eligible for this promotion. Some restrictions apply. Ask Global Payments for details.
†† Offer only applies to products sold by Amazon.ca or Amazon.com Services LLC. Look for “sold by Amazon.ca” or “sold by Amazon.com Services LLC” on the product detail page. Products sold by third-party sellers or other Amazon entities will not qualify for this offer, even if “fulfilled by Amazon.ca” or “Prime Eligible”. The offer is valid for all customers who register for a new Amazon Business Canada account between May 25, 2022, and August 14, 2022, 11:59 pm PST. Read the Amazon Business Terms and Conditions Opens in a new window.
◇◇ All loan applicants must meet CIBC lending criteria and are subject to credit approval. Credit decision is based on receipt of a complete application and supporting documentation. Rates and limits will be determined by CIBC, in its sole discretion, based on an assessment of application. Some conditions and restrictions apply.
The interest rate on variable rate loans will change whenever CIBC's Prime Rate changes. Personal guarantees may be required from all principals who have ownership in the business. A General Security Agreement may be required from the business.
Products, their features and advertised interest rates may change at any time. This is a general description only; for more information and product terms and conditions, consult with one of our Black Entrepreneur Specialists.
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 in 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.