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Business accounts

CIBC Basic Business Operating Account^®

A low-fee operating account that helps you manage your hard-earned dollars.

Get a value account that lets you pay only for what you use.

Keep it simple

A convenient option for businesses with low transaction volumes and basic banking needs.

Pay per use

Lower your monthly fees¹ by only paying for the transactions you make.

Bank your way

Access your account anywhere, anytime with CIBC Online Banking® and our award-winning CIBC Mobile Banking® App.

Basic Business Operating Account at a glance

Monthly fee¹

$6.00

Transactions²

$1.00 for each self-service³ transaction

$1.25 for each full-service⁴ transaction

Fees and details

How do I open an account?

Option 1: Complete the application form online; it’s quick and easy

Skip the trip to a banking centre and apply online, anytime. This is the most convenient way to open a business account ― complete the application form in as little as 30 minutes.
Apply nowto open a CIBC Basic Business Operating Account. Opens a new window in your browser.

Option 2: Complete the form and visit a CIBC Banking Centre

Complete the Business Account Application and Agreement (PDF, 400 KB) Opens in a new window.
All principal owners and anyone who will sign on the account must bring 2 pieces of valid ID to your appointment.
Meet with us Opens a new window in your browser.

Bring the records for your business type:

It's more than just banking for your business

Send money around the world with CIBC Global Money Transfer^™ for Business

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. Plus, get up to $1,000^◊ based on the annual amount sent from January 1, 2024 to December 31, 2024.

Learn more about CIBC Global Money Transfers.

An exclusive offer of advice and banking solutions for your organization

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.

Learn more about CIBC Global Money Transfers.

Contact us

Connect with a business banking expert on your schedule or in your community.

Find an advisor

Telephone Banking: 1-800-465-2422 Opens your phone app. | Contact us Opens in a new window.

CIBC is a member of Canada Deposit Insurance Corporation (CDIC)