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U.S. Dollar Current Account
For foreign currency accounts, including U.S. Dollar Current Accounts, service charges stated are in addition to any applicable exchange charges. Foreign currency deposits, including U.S. dollar deposits, are NOT insured under the Canada Deposit Insurance Corporation Act.
The CIBC U.S. Dollar Current Account is an operating account for businesses that have U.S. dollar banking transactions.
This account offers:
- Cheques and withdrawals
- Over-the-counter deposits at any CIBC location accepting business deposits
- Access for Small Business clients to CIBC Telephone Banking, CIBC Online Banking and CIBC bank machines for U.S. dollar balance and account activity inquiries
- Ability to transfer between CIBC accounts+ in person at your branch
- One month-end statement1
Fee summary
All of the following fees for U.S. accounts are in U.S. dollars.
- Includes one free transaction2 for every $500 U.S. held in the account throughout the entire calendar month3
- Each additional transaction2 $0.88
- $6.00/month minimum regardless of account balance
- Minimum monthly fee is waived if you have no transactions2 during the calendar month
Note: See Other Important Information for details on U.S. Dollar float calculations.
+ Withdrawal and/or deposit charges may apply depending on your account plan.
1 If there is no account activity, a statement is not produced.
2 Transactions include deposits, cheques, withdrawals and all other debits and credits to your account that were initiated by you including, without limitation, pre-authorized payments, bill payments, INTERAC Direct Payments, direct deposits and transfers between accounts where applicable. Additional "Items Deposited" charges, where applicable, may apply. Additional "Currency Supplied" charges, where applicable, may apply. Refer to Additional Services and Charges for details.
3 Free transaction(s) cannot be carried forward for use in subsequent months.
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