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 fees 1 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 fee 1

Transactions 2

$1.00 for each self-service 3 transaction

$1.25 for each full-service 4 transaction

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 now to 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:

• Documents for sole proprietors Opens a popup.
• Documents for partnerships Opens a popup.
• Documents for corporations Opens a popup.
• Documents for unincorporated associations Opens a popup.

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.

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.

Contact us

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

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.

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 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.