CIBC Unlimited Business Operating Account

Amount:

Type:

Chequing

Description:

The CIBC Unlimited Business Operating Account is a premium operating account designed to eliminate the guesswork from banking, allowing businesses to concentrate on their operations.

Comments on Funding:

This account offers the following features:
– Monthly Plan Fee: $0 or $65 (Monthly fee applies even if there is no account activity);
– Minimum daily balance to avoid monthly fee: $45,000;
– Transactions included: Unlimited (includes Interac e-Transfer transactions);
– Deposit package: $15,000 in cash, $1,000 in coin, 100 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:

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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