CIBC Unlimited Business Operating Account
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.
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