Cover unexpected business expenses

Only pay interest on the funds you use — not on the entire overdraft limit. Plus, deposits to your CIBC business account are credited to your overdraft balance, so you pay less interest.

Avoid costly non-sufficient funds (NSF) fees on returned cheques and pre-authorized payments. You'll also maintain a good reputation with your payees.

Money is available whenever you need it. You're covered, up to your approved overdraft limit, so you'll avoid missing payments or disrupting your cash flow.

Business overdraft at a glance


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Ready to get business overdraft? We'll guide you through the process

If you're ready to borrow funds, book a meeting with one of our expert advisors. Choose a date, time and CIBC Banking Centre that works for you.


Meet with an advisor in person, and answer questions about your business and its financial performance. You'll need to bring a few documents to your appointment. Learn about the documents to support your credit application. Opens a popup.


We'll verify your information and review your credit profile. If your application meets our borrowing criteria, you'll get approved for a specific amount with a specific interest rate and repayment term.


After you accept your offer and sign a few documents, you can start using your money directly from your business bank account. Get funds in as little as 2 days — for most applications.4


For full details on what to bring to your meeting, review the business credit application document checklist (PDF, 160 KB) Opens your phone app..

More great features

Use it as often as you need it, up to your approved limit and as long as your overdraft is available.
Get automatic coverage when your bank account reaches zero.
Access your overdraft by writing a cheque against your CIBC business account, through CIBC online, mobile or telephone banking, ATM withdrawals or at a CIBC Banking Centre.
Get a combination of borrowing products, such as a line of credit or a loan, for more flexibility.

Your business overdraft questions answered

Here's the kind of expertise you can rely on

Ryan C., Senior Business Banking Financial Advisor at CIBC

“My success comes from taking the time to understand my clients' businesses, their personal finances and all the challenges they face in life — which may or may not be related to finance."

Ryan C., Senior Business Banking Financial Advisor with more than 19 years of experience

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Jennifer W., Business Advisor at CIBC

"I'm passionate about helping my clients, and I feel very grateful when their dreams become reality. That’s exactly what keeps me going."

Jennifer W., Business Advisor with more than 10 years of experience

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Elie C., Senior Business Banking Solution Specialist at CIBC

“I give my clients the right tools to do their banking efficiently and effectively so they can invest more time into the success of their business.”

Elie C., Senior Business Banking Solution Specialist with more than 6 years of experience

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