CIBC Everyday Business Operating Account: Self-Service Access

Amount:

Type:

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.

Deadline:

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.

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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