Whether you’re growing, expanding or establishing your first business account, every entrepreneur deserves an account that fits.
We work with you to understand your goals and provide the financial advice to help your small business thrive.
From payment processing to account management to tax filing, our account services help save you time and lower your operating costs. Learn about cash management.
A value account that lets you pay only for what you use.
$1.00 for each self-service 7 transaction
$1.25 for each full-service 8 transaction
Deposits per month
Send up to $25,000 instantly across Canada with Interac e-Transfer ® for Business
A premium account with unlimited transactions, including Interac e-Transfer ® transactions, and a monthly fee waiver.
Pay no monthly fee when you have a minimum daily balance of $65,000 5
Unlimited
(includes Interac e-Transfer transactions 6 )
$15,000 in cash
$1,000 in coin
100 cheques
A superior value account with 100 transactions, including Interac e-Transfer transactions, and a monthly fee waiver.
Pay no monthly fee when you have a minimum daily balance of $35,000 5
100
(includes Interac e-Transfer transactions 6 )
$5,000 in cash
$500 in coin
50 cheques
A cost-effective account with 30 transactions, including Interac e-Transfer transactions, and a monthly fee waiver. Plus, have the flexibility to reduce your monthly fee.
$0
or
$20 for self-service 7 access
$25 for full-service 8,9 access
Pay no monthly fee when you have a minimum daily balance of $20,000 5
30
(includes Interac e-Transfer transactions 6 )
$3,000 in cash
$300 in coin
25 cheques
Grow your savings for future business use
Interest rate 10
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Based on daily closing balance
Learn moreMoney-saving features help you manage dollars wisely
A low-fee account for your not-for-profit or community-based organization.
Pay no monthly fee when you have a minimum daily balance of $5,000 5
Transactions included 3
30
(includes Interac e-Transfer transactions 6 )
Deposit package 4
$5,000 in cash
$500 in coin
30 cheques
If you have more complex banking needs, review our other accounts in the operating tab.
Transact in U.S. dollars to easily manage your cross-border income and expenses
An account that lets you save on foreign exchange charges because transactions are in U.S. funds.
$ 1.00 US
for each self-service 7 transaction
$ 1.25 US
for each full-service 8 transaction
For more information about other foreign currency operating accounts, meet with us Opens a new window in your browser. .
Learn moreReceive matching contributions from the Government of Canada
An interest-bearing account for eligible farmers participating in the Government of Canada's AgriInvest program.
No monthly account fees or day-to-day transaction fees
Competitive interest rate
First annual deposit is matched by the Canadian government up to the maximum allowed amount
Learn more
Send up to $100,000 to over 130 countries with no transfer fees † with your CIBC Business Account. Earn $100 cash back ‡ after you send your first CIBC Global Money Transfer™ for Business using code GMTBB. Plus, get up to $1,000 ◊ based on the annual amount sent from January 1, 2024 to December 31, 2024.
Partner with CIBC and unlock solutions to provide your employees with a competitive banking offer that will meet their needs, at no additional cost to you.
Connect with a business banking expert on your schedule or in your community.
CIBC is a member of Canada Deposit Insurance Corporation (CDIC) Terms and conditions Select to show or hide terms and conditionsFor J.D. Power 2023 award information, visit jdpower.com/awards Opens in a new window.
Available to qualified business clients only.
For information on the terms and conditions for the CIBC Business Operating Account (BOA), refer to Business Account Operating Terms and Agreements (PDF, 360 KB) Opens in a new window. .
1 Available to qualified business clients only. Additional fees apply.
Products and their features may change at any time. Get complete information about Business Account Service Fees (PDF, 245 KB) Opens in a new window. .
2 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, 245 KB) Opens in a new window. .
3 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.
4 Cheque deposits include cheques, money orders, drafts and all other clearing items. “Items Deposited” charges apply to deposits in excess of the deposit package. To learn more, refer to page 7 in Business Account Service Fees (PDF, 245 KB) Opens in a new window. .
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 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.
7 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.
8 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.
9 Full-service access fee applies if any full-service transactions are performed in a month.
10 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 subject to change without prior notice, and are on display at any CIBC Banking Centre.
