Canadian Dollar Accounts

CIBC Business Operating Accounts*

A CIBC Business Operating Account is the foundation of your banking activities with CIBC and allows you to take advantage of our broad range of financial services.

Our account options offer everyday banking benefits and exceptional value for businesses with low to high transaction volumes.


These accounts offer:

  • The ability to bank when and where you want — at a CIBC Banking Centre, by phone, at an ATM, or by using our online and mobile banking services
  • Unlimited account balance or account activity inquiries
  • eStatements available at no additional charge through online channels9

CIBC Unlimited Business Operating Account®

Offers businesses with a high number of monthly transactions1 the ability to simplify banking and enhance cash flow for one low monthly fee. With unlimited transactions such as withdrawals, deposit transactions, transfers, bill payments as well as a cash, coin and cheque deposit package2, this account offers a consistent monthly fee even when your banking activity increases.
 

Fee Summary  
Monthly account fee3 $50.00
Transactions included1 Unlimited
Each additional transactions $0.00

2 Up to $15,000 cash, $1,000 coin and 100 cheques deposited per month.

CIBC Advanced Business Operating AccountTM

Offers businesses superior value for businesses that maintain a consistent account balance and perform a high volume of transactions. This account features no monthly account fee when a minimum daily balance is maintained. It includes a comprehensive transaction package including Interac e-Transfers, withdrawals and deposits, plus a cash, coin and cheque deposit package4, to support your growing business.

 

Fee Summary  
Monthly account fee3

$0.00
If a minimum daily balance of $35,000 is maintained throughout the month**

Or

$35.00

Transactions included1

100 per month

Includes up to 100 free Interac e-Transfer

Each additional transaction

$1.00 self-service7

$1.25 full-service8

4 Up to $5,000 cash, $500 coin and 50 cheques deposited per month.

**“Minimum balance” condition is met when a minimum daily balance of $35,000 is maintained in your Advanced 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 of $35.00.

CIBC Everyday Business Operating Account®

Offers exceptional value to businesses with a consistent number of monthly transactions. With everyday banking benefits such as 30 transactions each month, a cash, coin and cheque deposit package6 and the flexibility to minimize fees when you use only self-service channels to perform transactions1 in a month, this account not only helps you manage your cash flow, but also your bottom line.

 

Fee Summary  
Monthly account fee3

$20.00 self-service access

$25.00 full-service access11

Transactions included1
30 per month
Each additional transaction

$1.00 self-service7

$1.25 full-service8

6 Up to $3,000 cash, $300 coin and 25 cheques deposited per month.

11 Full-service access fee applies if any full-service transactions are performed in a month.

CIBC Basic Business Operating Account®

Offers businesses with a low number of monthly transactions the flexibility to minimize your monthly banking fees by paying only for what you use. This account gives the ability to perform all of your day-to-day banking, anytime and anywhere at CIBC for a low monthly account fee.

 

Fee Summary  
Monthly account fee3 $6.00
Transactions included1 0
Each additional transaction

$1.00 self-service7

$1.25 full-service8

CIBC Not-for-Profit Operating Account

The CIBC Not-for-Profit Operating Account offers a cost-effective solution to meet the needs of local not-for-profit or community based organizations. This account includes a low monthly account fee and 10 transactions1 so you can put your organization's money to its best use.

 

Fee Summary  
Monthly account fee3 $4.00
Transaction included1 10 per month
Each additional transaction

$1.00 self-service7

$$1.25 full-service8

CIBC Business Operating Account for Commercial/Large Corporate Clients

The CIBC Business Operating Account for Commercial/Large Corporate clients is a Canadian dollar account designed to meet all your business banking needs from day-to-day transactions to more complex cash management services.

 

Fee Summary  
Minimum monthly account fee $6.00
Includes one free transaction for every $2,000 held in the account throughout the month10
Each additional transaction1

$1.00 self-service7

$1.25 full-service8

Minimum monthly account fee is waived if you have no transactions during the calendar month

CIBC Business Savings Account*

CIBC Business Investment Growth Account

The CIBC Business Investment Growth Account offers the opportunity to earn a competitive rate of return on surplus funds while maintaining full liquidity. It is the perfect complement to your business operating account and provides you with easy access to your funds when you need them.

This account offers:

  • Daily interest, which is calculated on each day’s end-of-day final balance
  • Competitive tiered interest rates
  • eStatements9 available at no additional charge through online channels
     
Fee Summary  
Monthly account fee No charge
Each credit transaction $1.00 self-serve7
$1.25 full-serve8
Each debit transaction $5.00

Interest

For CIBC Business Investment Growth Accounts, interest is credited to your account effective as of the last business day of the calendar month and will be reflected in your account records and available to you two business days after the end of the calendar month. Interest rates quoted are annual and are subject to change without prior notice and are on display at any CIBC Banking Centre.