CIBC Everyday Business Operating Account: Self-Service Access
Chequing
Description:
The CIBC Everyday Business Operating Account: Self-Service Access is a great-value operating account that provides flexibility to minimize fees through electronic banking.
Comments on Funding:
This account offers the following features and fees:
– Monthly Plan Fee: $0 or $20 for self-service access;
– Minimum daily balance to avoid monthly fee: $15,000;
– Transactions included: 30 (includes Interac e-Transfer transactions), $1.00 for each additional self-service transaction;
– Deposit package: $3,000 in cash, $300 in coin, 25 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:
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.
About the author
Maurice