1 Learn more about the eligible trades (PDF, 130 KB). CIBC reserves the right, in its sole discretion, to request proof of certification/ qualification from any individual to determine their eligibility for the skilled trade professional offerings.
2 CIBC Business Operating Account Monthly Fee Waiver:
1. Offer period
The Offer begins on April 14, 2025.
2. Eligibility
In order to be eligible to receive a waiver of up to twelve (12) months of monthly account fees for a Basic Business Operating Account or Everyday Business Operating Account, you must meet the following criteria:
- Open your first Basic Business Operating Account or Everyday Business Operating Account, after April 14, 2025, online on our site and include the promotional code CIBCTRADES before submitting your business account application.
- Keep the Basic Business Operating Account or Everyday Business Operating Account open and in good standing.
- The monthly fee waiver will be programmed commencing the first full month, after the end of the month in which the account is opened. In any case, you are eligible to receive a total of twelve (12) months of waived monthly fees, if all eligibility criteria is met.
3. Additional conditions that apply
- Only one Basic Business Operating Account or Everyday Business Operating Account monthly fee waiver per business client that receives or applies the promotional code CIBCTRADES, regardless of the number of products opened or number of co-owners.
- Offer cannot be combined with other CIBC offers.
4. General terms and conditions
- This monthly fee waiver offer and these terms impact the service fees or charges which may apply to the CIBC products. For applicable account fees, refer to the Business Account Service Fees brochure (PDF, 245 KB).
- CIBC reserves the right to change, cancel, extend or withdraw this offer at any time without notice.
- CIBC reserves the right, in its sole discretion, to disqualify, limit or revoke this offer in respect of any client that CIBC believes, in its sole discretion, is abusing or manipulating this offer.
- In order to receive the monthly account fee waiver, the Basic Business Operating Account or Everyday Business Operating Account opened in connection with the offer must remain open, and be in compliance with the operating account agreement terms and conditions. If the Basic Business Operating Account or Everyday Business Operating Account is closed for any reason prior to or during the period that the fee waiver is being applied, then standard account closure fees may apply, and you may not receive the full fee waiver. You are responsible for any tax consequences (if any) arising out of receiving benefit of the monthly fee waiver.
- Monthly account fees will automatically begin to be applied to the Basic Business Operating Account or Everyday Business Operating Account in the month following the conclusion of the monthly account fee waiver period, without further notice to you. 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 page 3 and 4 in Business Account Service Fees (PDF, 245 KB).
- Offer is applicable to the first Basic Business Operating Account or Everyday Business Operating Account opened by the Business client using the promotional code.
3 Monthly fee will apply after the 12 month fee waiver even if there is no account activity. Other fees may apply to the operation of your account. To learn more, refer to page 4 in Business Account Service Fees (PDF, 245 KB).
4 “Minimum balance” condition is met when the required minimum daily balance of $20,000 is maintained in your Everyday 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 Self-service access option has a monthly fee of $20 and 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), CIBC Cash Management Online® (CMO), CIBC eDeposit for cash, or CIBC eDeposit for cheques.
6 Full-service access option has a monthly fee of $25 and 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. Full-service access fee applies if any full-service transactions are performed in a month.
7 CIBC Business Line of Credit: This offer applies to Canadian Dollar credit product only. To qualify for the offer, client should: (i) hold or open their first CIBC Business Operating Account®, then (ii) contact their CIBC Relationship Manager or call 1-866-992-7223. to apply for their first eligible CIBC Business Line of Credit. All Canadian Dollar line of credit applicants must meet CIBC lending criteria and are subject to credit approval. Rates and limits will be determined based on an assessment of application. CIBC may request additional documents to support the credit application. Some conditions and restrictions apply. Personal guarantees may be required from all principals who have ownership in the business. A General Security Agreement may be required from the business.
8 The interest rate on variable rate lines of credit will change whenever CIBC's Prime Rate changes. Personal guarantees may be required from all principals who have ownership in the business. A General Security Agreement may be required from the business.
Preferred pricing is available to clients on operating lines of credits only, and who qualify for skilled trade offers as defined by CIBC. This offer does not apply to Small Business Overdraft.
Depending on your credit rating, some options may not be available and/or some conditions may apply.
Any other lending products and the applicable rates are not part of this campaign.
CIBC reserves the right to change, cancel, extend or withdraw this offer at any time without notice.
CIBC reserves the right, in its sole discretion, to disqualify, limit or revoke this offer in respect of any CIBC client that CIBC believes, in its sole discretion, is abusing or manipulating this offer.
9 CIBC Business GIC: The Offer is available to individuals who: (i) are certified tradespeople in their province or territory of residence and who operate a business (as a partnership, sole proprietorship or corporation) in an eligible skilled trades (PDF, 130 KB), or (ii) have received an email invitation to participate in the offer from CIBC with their name on the communication. To qualify for the offer, eligible clients must on or after April 14, 2025: (i) open their first CIBC Basic Business Operating Account or Everyday Business Operating Account (each an “Eligible CIBC BOA”), then (ii) call 1-866-992-7223 to purchase their first eligible CIBC Business and request the Skill Trade Professional Business GIC preferred rate offer be applied. Eligible CIBC Business GICs include: CIBC Bonus Rate GIC, CIBC Variable Rate GIC, CIBC Large Dollar GIC and CIBC Flexible GIC and such other CIBC Business GICs as may be determined by CIBC. A GIC purchase must be made using funds from an Eligible CIBC BOA. Preferred interest rate applies only to first eligible CIBC Business GIC purchase and will not apply to subsequent renewals. Unless otherwise indicated, this offer may not be combined with any other Business GIC rate offer and is non-transferable. We reserve the right to disqualify any person we find or believe (using any evidence or other information made available to or otherwise discovered by us) to be manipulating or otherwise abusing the process, fairness, integrity or operation of the offer. Learn about the eligible skilled trades (PDF, 130 KB). For more information on this offer, call 1-866-992-7223. CIBC reserves the right to end, cancel, change or suspend this offer or change these terms at any time without notice.
10 CIBC Costco Business Mastercard: If an application for a CIBC Costco Business Card is submitted and approved, the Primary Cardholder will receive a $100 statement credit when $3,000 in net purchases are posted to the new credit card account within 120 days from the account open date. The following do not qualify as purchases for this offer: cash advances, interest, fees, balance transfers, payments or CIBC Convenience Cheques. Please allow up to 6 to 8 weeks after the final qualifying purchase has been posted to your new credit card account to receive the $100 statement credit. Your new credit card account must be open, and in Good Standing at the time the statement credit is awarded, and your Costco membership must be active. The Welcome Bonus is available only for newly opened CIBC Costco Business Mastercard accounts. Limit one Welcome Bonus per account. The Welcome Bonus is not transferable and is not redeemable for cash. This offer may be revoked if you appear to be manipulating or abusing it or are engaged in any suspicious or fraudulent activity, as determined by CIBC’s sole discretion. CIBC reserves the right to change, cancel, extend or withdraw this offer at any time without notice. Capitalized terms used and not defined have the meanings set out in the CIBC Business Cardholder Agreement (Personal Liability) (PDF, 140 KB).
11 To apply for a CIBC Costco Mastercard you must be a Costco member with a valid Costco membership. This applies to the Primary Cardholder and any Authorized Users. Authorized Users must have a valid Costco membership prior to being added to the account.
12 Authorized Users must have a valid Costco membership prior to being added to the CIBC Costco Business Mastercard account.
13 Interest rates will change from time to time on at least 30 days prior notice to the Primary Cardholder. “Purchase” means card purchases less returns and does not include: cash advances, interest, fees, balance transfers, payments, or CIBC Convenience Cheques. “Cash” means cash advances, balance transfers and CIBC Convenience Cheques. Cash advances do not earn cash back. Cash advances bear interest from the date they are taken from your credit card account and are subject to available credit and available cash.
14 Earn 3% on purchases (less returns) at merchants classified in the credit card network as restaurants on the first $8,000 net annual card purchases in this category on your account. After that, net card purchases at all restaurants, will earn 1% in Cash Back Rewards. Earn 3% on purchases (less returns) at merchants classified in the credit card network as Costco gas stations within Canada and 2% on purchases (less returns) at merchants classified in the credit card network as gas merchant and electric vehicle charging with a merchant category code of MCC 5552 on the first $8,000 net annual card purchases in this category on your account. After that, net card purchases at all gas merchants, including Costco, and electric vehicle charging with a merchant category code of MCC 5552 will earn 1% in Cash Back Rewards. Earn 2% on purchases (less returns) classified in the credit card network as Costco.ca and Costcobusinesscentre.ca. purchases on the first $8,000 net annual card purchases in this category on your account. After that, net card purchases at Costco.ca and Costcobusinesscentre.ca will earn 1% in Cash Back Rewards. Earn 2% on purchases (less returns) classified in the credit card network as shipping and professional services (this refers to eligible insurance premiums, deductibles and claim amounts) on the first $8,000 net annual card purchases in this category on your account. After that, net card purchases at merchants classified in the credit card network as shipping and professional services, will earn 1% in Cash Back Rewards. The $8,000 limits will reset to zero annually on January 1. Cash Back Rewards will be provided in the form of a Cash Back Gift Certificate issued in Canadian dollars to an eligible Primary Cardholder once per calendar year in January for the cash back earned in the prior calendar year. The Cash Back Gift Certificate can be redeemed for purchases at any Canadian Costco Wholesale warehouse location. Authorized Users on the Account are not issued and cannot redeem Cash Back Gift Certificates. For the full Rewards Program terms and conditions, please refer to the Benefits Guide (PDF, 795 KB).
15 CIBC Pace It™ Installment Plans allow eligible cardholders to convert eligible Card Transaction(s) to monthly installment payments (including interest) over a fixed period of time. When you create an installment plan you will have the ability to choose the payment term (in months) with a corresponding annual interest rate. Once you accept the Installment Plan Terms and Conditions and the installment plan is created, you can cancel it at any time but you cannot change it. CIBC Pace It™ Installment Plans are only available: (a) on Accounts in good standing; and (b) for certain eligible Account types and eligible Transactions. For complete Terms and Conditions, visit CIBC Pace It.
16 CIBC Aventura® Visa* Card for Business: To qualify for this offer, applications for a new CIBC Aventura® Visa* Card for Business must be submitted and approved beginning Month Date (TBC), 2025.
In order to be eligible for this offer, clients must abide by the terms and conditions set out below.
If an application for a CIBC Aventura® Visa* Card for Business is submitted and approved, the Primary Cardholder can receive:
a) A welcome bonus of 20,000 Aventura Points after the first purchase is made at any time on the Credit Card Account.
b) An additional bonus of 10,000 Aventura Points after the first purchase is made (within 4 months of account opening) on the Credit Card Account.
c) An additional bonus of 40,000 Aventura Points if at least $35,000 in net purchases are posted to the Credit Card Account during the first 12 monthly statement periods.
d) A one-time annual fee rebate for the Primary Cardholder, including all Cardholders set up at the time of the application.
Offer applies to newly approved credit card accounts only; transfers from other existing CIBC credit card to any CIBC Aventura® Visa* Card for Business (regardless of the annual fee) are excluded.
Credit card account must be open and in Good Standing at the time the Aventura Points are awarded. Aventura Points are awarded to the Primary Cardholder within 8 weeks after all qualifying net Purchase(s) are posted to the credit card account. The following do not qualify as Purchases: Cash Advances, Balance Transfers, CIBC Convenience Cheques, interest, fees, payments, and Aventura Points redemptions. It may take up to several business days for purchases to be posted to the credit card account. This offer is non-transferable. This offer may be withdrawn or changed without prior notice at any time. CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Aventura card within the last 12 months. This offer may be revoked if the Business or any Cardholder appears to be manipulating or abusing it, or are engaged in any suspicious or fraudulent activity, as determined by CIBC in its sole discretion. This offer does not apply to annual fees for additional Cards that are added after the application is submitted. This offer applies for the first year only. If the Business qualifies for the rebate, it will be awarded to the Credit Card Account and will appear as a credit against the applicable annual fee(s) within 2 statements after the eligible Credit Card Account is opened. The new Credit Card Account must be open and in Good Standing at the time the rebate is awarded. If the application for an eligible card is not approved, you may be considered for another card (as disclosed in the credit card application). If the application is approved for that card, this annual fee rebate offer will apply in the amount of the annual fee, if any, of the alternate card.
17 The $1,800 value is based on the maximum redemption value of $800 for 35,000 Aventura Points on two long-haul airfare purchases ($1,600 travel value), based on the Aventura Airline Rewards Chart, before taxes and other charges, as of March 1, 2023; annual fee rebate for the first year (of at least $120) for the Primary Cardholder and three additional cards ($150).
For full details, refer to maximum ticket prices and Aventura Flight Rewards Chart at the CIBC Rewards Centre. Some airlines may impose fees, restrictions or other conditions on air travel.
To obtain an Airline Travel Reward using the Aventura Airline Rewards Chart, you must redeem at least 80% of the total number of Aventura Points required to purchase it. If you don’t have enough Aventura Points to purchase an Airline Travel Reward in full (but have at least 80% of the required number of Aventura Points), you may have the Centre charge an amount to your Card to cover the Points Deficit, excluding Taxes and Other Charges. For a business class flight, you may have the Centre charge an amount to your Card to cover the Points Deficit for an economy class ticket in the same flight segment as the business class ticket you want, excluding Taxes and Other Charges. If you have the Centre charge an amount to your Card to cover the Points Deficit for an Airline Travel Reward and you are advised that the Aventura Travel Reward is refundable, then, in the event of a refund, the amount previously charged to your Card will not be refunded to your Credit Card Account and instead you will receive Aventura Points equal to the Points Deficit.
Capitalized terms used and not defined herein have the meanings given to them in the CIBC Business Credit Card Agreement (Business Liability).
18 Interest rates may change from time to time. “Purchase” means card purchases less returns and does not include: Cash Advances, Balance Transfers and CIBC Convenience Cheques. “Cash” means Cash Advances, Balance Transfers and CIBC Convenience Cheques.
For CIBC Aventura Visa Card for Business with an annual fee of $180: the annual interest rates are 12.99%, 15.99% or 18.99% for Purchases and 14.5%, 17.5% or 21.5% for Cash Advances, Balance Transfers and CIBC Convenience Cheques. The annual interest rates assigned to the Account will be based on your personal credit bureau and other information at the time the request is processed.
For CIBC Aventura Visa Card for Business with an annual fee of $120: the annual interest rates are 19.99% for Purchases and 21.99% for Cash Advances, Balance Transfers and CIBC Convenience Cheques.
19 Aventura Points will be cancelled if they remain unredeemed for 60 days after you voluntarily close your Aventura credit card account or within 12 months of the primary cardholder’s death.
20 Only the Primary Cardholder is permitted to perform a “Payment with Points” or “Financial Product with Points” redemption. Other Cardholders are not eligible. Redemptions are non-refundable, non-exchangeable and non-transferable unless you are advised otherwise. Requested redemption amount must be equal to or less than the available points balance. Points to dollars conversion ratio is determined by CIBC and can be changed at any time without notice. Payment with Points redemption towards credit card balances will be reflected within five business days. Information on using Points towards outstanding principal and CIBC financial products, including registered savings accounts and Investor’s Edge accounts, can be found on the CIBC Payment with Points page.
All Aventura Program rewards displayed above are subject to availability.
21 Global Payments (Payment Processing): Average savings based on individual merchant account set-up and processing activity and is not guaranteed. Individual savings may vary. Average potential savings calculation includes one time ecommerce monthly fee waivers up to $100, bundled solution pricing savings of up to $1,730 annually, and deposit fee waivers of up to $780 annually. Deposit fee waiver is based on an average of 3 deposits per day across an average of 260 business days a year, at $1.00 per transaction.
22 Offer is valid from April 14, 2025 to December 31, 2025 and is available to select clients who have a business in an eligible trade or received an email invitation to participate in the offer from CIBC with their name on the communication and hold a CIBC Business Operating Account (a “Business Account”) on or before December 31, 2025. CIBC reserves the right to change, cancel, extend or withdraw this offer at any time without notice.
This offer as described is only available to net-new Global Payments clients in Canada only, who have not conducted any business with Global Payments in the past twelve (12) months, and who enter into a Merchant Agreement with Global Payments Direct, Inc., and a POS Equipment Agreement with Global Payments Canada GP, each with a minimum three (3) year term, and who receive their deposits into a CIBC Business Operating Account. Prices are subject to increase as a result of third party increases, such as interchange, card, or regulatory fees, as well as Global Payments’ periodic adjustments. This offer excludes applicable payment network pass-through and/or assessment fees. Cannot be combined with any other offer. This offer is subject to change, withdrawal or cancellation at any time, without notice. Global Payments reserves the right to determine qualified merchants and is under no obligation to approve the merchant. Additional restrictions, conditions and other fees/taxes may apply. Contact a Global Payments representative for more information.
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