Accessibility Quick Links

Skip to Online Banking
Skip to Content
Skip to Navigation

Man standing in his workshop

Business accounts

CIBC Everyday Business Operating Account^®

A great-value operating account with the flexibility to reduce fees when you bank electronically.

Get a cost-effective account with 30 transactions, including Interac e-Transfer^® transactions, and a monthly fee waiver

Lower the monthly fee¹

Save money when you make transactions² using self-service channels³ or pay no monthly fee when you have a minimum daily balance of $20,000⁴.

Free Interac e-Transfer transactions⁵

Send cash fast and request money from others with up to 30 free Interac e-Transfer transactions.

Competitive deposit package⁶

Deposit up to $3,000 cash, $300 coin and 25 cheques each month at no extra cost.

Everyday Business Operating Account at a glance

Monthly fee¹

$0

or

$20 for self-service³ access
$25 for full-service^{7, 8}access

Minimum daily balance⁴ to avoid monthly fee

$20,000

Transactions included²

30

(includes Interac e-Transfer transactions⁵)

$1.00 for each additional self-service³ transaction

$1.25 for each additional full-service⁷ transaction

Deposit package⁶

$3,000 in cash

$300 in coin

25 cheques

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 Everyday 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 usOpens 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.

Call for questions about sales and products
1-866-992-7223

Call for questions about everyday banking
1-800-465-2422

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

¹ 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..

² 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.

³ 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.

⁴ “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.

⁵ 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 isn’t available to clients who were issued Convenience Cards prior to 2003. Standard Interac e-Transfer fees apply for transactions that exceed any quantities included in your account package.

⁶ 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..

⁷ 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.

⁸ Full-service access fee applies if any full-service transactions are performed in a month.