CIBC U.S. Dollar Current Account

The CIBC U.S. Dollar Current Account is an operating account that is designed for businesses that have U.S. Dollar banking transactions. It allows your business to save on foreign exchange charges, as your transactions (deposits, cheques and withdrawals) are conducted in U.S. funds.

With the optional Cross-Border Cheque Clearing1 service, cheques issued to payees in the U.S. will be accepted and easily negotiated.

Key benefits

Convenience

  • Use CIBC Telephone Banking, CIBC Online Banking® or CIBC Cash Management Online® (CMO)2 to inquire on your account and to arrange stop payments without having to leave your home or business
  • Use our Inter-Branch Deposit service to make deposits at any CIBC branch accepting business deposits
  • With the optional Cross-Border Cheque Clearing service, conduct cross-border business conveniently by using cheques that are encoded for easy negotiation by your suppliers in the United States

Gives you complete control

  • Monitor account activities on your monthly statement or through CMO

Saves you money

  • Avoid costs associated with exchanging currency

Record-keeping options

  • Printed account statements are available monthly3
  • Detailed reporting and eStatements are available through CMO4

Is it for you?

CIBC U.S. Dollar Current Account could be for you if you:

  • Conduct transactions in U.S. funds
  • Want to save on foreign exchange costs
     

Information you need to know:

  • For business customers with more sophisticated cash management needs, CIBC Cash Management Online delivers secure, 24/7 access to a comprehensive suite of online cash management products and services in a scalable, user-friendly and fully supported tool. Easily and conveniently manage your cash positions with balance and transaction reporting, file transfer services and payment capabilities (separate service charges apply).
  • Service fees are charged in U.S. dollars
  • Refer to our Business Account Service Fees (PDF, 245 KB)  brochure for details on U.S. dollar float calculations and service fees for the U.S. Dollar Current Account

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Interested in a CIBC U.S. Dollar Current Account?

Contact your Relationship Manager or call us directly.

1-888-947-7736 toll-free

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