1 CIBC Business Operating Account:
1. Offer period
The Offer begins on April 14, 2025. CIBC reserves the right to change, cancel, extend or withdraw this offer at any time without notice.
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 a 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 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) Opens a new window..
- 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 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 3 and 4 in Business Account Service Fees (PDF, 245 KB) Opens a new window..
- Offer is applicable to the first Basic Business Operating Account or Everyday Business Operating Account opened by the Business client.
2 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) Opens 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.
4 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), CIBC Cash Management Online® (CMO), CIBC eDeposit for cash, or CIBC eDeposit for cheques.
5 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.
6 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 3 in Business Account Service Fees (PDF, 245 KB) Opens a new window..
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 “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.
11 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.
12 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.
13 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 a new window..
14 CIBC Global Money Transfer™ for Business: CIBC foreign exchange rates apply. A CIBC Global Money Transfer and a Foreign Exchange transaction counts towards your allowable transaction limit; bank account transaction fees may apply. Must have a CIBC Business Operating Account or U.S. Current Account to send a CIBC Global Money Transfer. Most transfers are completed by the next business day; some transfers require 2 to 3 business days.
Read the CIBC Global Money Transfer Agreement (PDF, 130 KB) Opens a new window..
15 Offer available to CIBC Business Banking clients with an eligible CIBC Business Bank account and that have not yet tried CIBC Global Money Transfer. Use promo code GMTBB and send a GMT using online or mobile banking from your eligible account to receive $100 cash back within 4 to 6 weeks. Limit, one cash back offer per business. Offer may change without notice.
16 Receive cash back of $100, plus up to $1,000 when you send an accumulated value of CIBC Global Money Transfer (GMT) payments from your CIBC Business Operating Accounts during the offer period.
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