‡ Offer available to CIBC Business banking clients with an eligible CIBC business banking account and that have not yet tried CIBC Global Money Transfer. Use promo code GMTBB and send a GMT using online or mobile banking from your eligible account to receive $100 cash back within 4 to 6 weeks. Limit, one cash back offer per business. Offer may change without notice.
“Business Operating Accounts” means any of the following accounts: CIBC Basic Business Operating Account®, CIBC Everyday Business Operating Account®, CIBC Advanced Business Operating Account™, CIBC Unlimited Business Operating Account® or U.S. Dollar Current Account.
“Eligible Business” means a business registered in Canada, or a business operating in Canada by a person who is a permanent resident of Canada.
“you” or “your” means any Eligible Business;
“we”, “us”, “our” and “CIBC” mean Canadian Imperial Bank of Commerce.
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 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.
If you perform fewer than the allowed number of transactions in a month, the unused transactions cannot be carried forward to subsequent months.
3 The annual interest rates are CIBC Prime Rate plus 1.5%, CIBC Prime Rate plus 6% or CIBC Prime Rate plus 13.0% for Purchases, Cash Advances, Balance Transfers and CIBC Convenience Cheques. The annual interest rates assigned to the Account will be based on your personal credit bureau and other information at the time the request is processed. The interest mark-up is subject to change. The annual interest rate is variable, meaning that the annual interest rate will change without notice if CIBC's Prime Rate changes. You can find CIBC’s Prime Rate by calling CIBC toll-free at 1-866-525-8622 Opens your phone app..
4 CIBC foreign exchange rates apply. A CIBC Global Money Transfer and a Foreign Exchange transaction counts towards your allowable transaction limit; bank account transaction fees may apply. Must have a CIBC Business Operating Account or U.S. Current Account to send a CIBC Global Money Transfer. Most transfers are completed by the next business day; some transfers require 2 to 3 business days.
Read the CIBC Global Money Transfer Agreement (PDF, 200 KB) Opens in a new window..
5 For J.D. Power 2023 award information, visit jdpower.com/awards Opens in a new window.