CIBC Advanced Business Operating Account
Chequing
Description:
The CIBC Advanced Business Operating Account is recognized as a superior value operating account tailored for the needs of a growing business.
Comments on Funding:
This account offers the following features:
– Monthly Plan Fee: $0 or $35 (Monthly fee applies even if there is no account activity);
– Minimum daily balance to avoid monthly fee: $35,000;
– Transactions included: 100 (includes Interac e-Transfer transactions);
– Deposit package: $5,000 in cash, $500 in coin, 50 cheques.
Continuous Intake
Eligibility:
Applicants must be businesses, including a sole proprietorship, a partnership, a corporation or incorporated association, and unincorporated associations.
Application Steps:
Applicants must complete the application form online or complete the form and visit a CIBC Banking Centre and bring 2 pieces of valid ID to their appointment.
Documentation Needed:
Specific documentations must be provided based on the type of business structure.
Other Things to Note:
About the author
Maurice