CIBC Business Banking: Find Your Operating Account
Every Canadian business deserves a banking account that matches its operational scale. CIBC offers four distinct tiers built for different transaction volumes and growth stages.
Compare CIBC Business Operating Accounts
All accounts include CIBC digital banking, Interac e-Transfer, and mobile cheque deposit.
| Feature | Starter | Growth | Professional | Enterprise |
|---|---|---|---|---|
| Monthly Fee | $6.00 | $35.00 | $65.00 | $125.00 |
| Included Transactions | 15 | 60 | 150 | Unlimited |
| Per Extra Transaction | $0.65 | $0.50 | $0.35 | N/A |
| Free Interac e-Transfers | 2/month | 15/month | 50/month | Unlimited |
| CIBC Digital Banking | ✓ | ✓ | ✓ | ✓ |
| Mobile Cheque Deposit | ✓ | ✓ | ✓ | ✓ |
| Overdraft Coverage | — | ✓ | ✓ | ✓ |
| Dedicated Advisor | — | — | ✓ | ✓ |
| USD Sub-Account | — | — | — | ✓ |
| Free Cheques | — | — | ✓ | ✓ |
| Fee Waiver Balance | $3,000 | $15,000 | $40,000 | $80,000 |
| Ideal For | Sole Proprietors | Growing SMBs | Established Firms | High-Volume Ops |
Explore Each Account Tier
Starter Business Account
Structured for sole proprietors, freelancers, and micro-businesses handling fewer than 15 transactions per month. The lowest monthly fee with full digital banking access provides an efficient foundation for new ventures.
Account DetailsGrowth Business Account
Designed for expanding small businesses requiring additional transaction capacity. Includes 60 monthly transactions, 15 free Interac e-Transfers, and eligibility for overdraft coverage to manage cash flow fluctuations.
Account DetailsProfessional Business Account
Built for established enterprises needing higher volumes and personalised service. 150 included transactions, a dedicated CIBC business advisor, complimentary personalized cheques, and priority service access.
Account DetailsEnterprise Business Account
The premium tier for high-volume operations. Unlimited transactions, unlimited e-Transfers, unlimited cash deposits, an integrated USD sub-account, and a dedicated relationship manager for strategic guidance.
Account DetailsStandard Features Included with Every Account
Regardless of the tier you select, every CIBC business operating account provides a core suite of digital capabilities and banking features engineered for modern Canadian businesses.
- Full CIBC digital banking platform — online and mobile access
- Interac e-Transfer send and receive capabilities
- Mobile cheque deposit through the CIBC business app
- Scheduled recurring payment automation
- Real-time transaction alerts and notifications
- Direct integration with QuickBooks, Xero, Sage, and FreshBooks
- Multi-user access with role-based permission controls
- 256-bit encryption and multi-factor authentication
How to Open a CIBC Business Account
Three ways to get started — each takes less than 20 minutes.
Apply Online
Complete the digital application through CIBC online banking. Upload business documents, verify your identity, and receive approval — typically within 24 hours.
Visit a Branch
Walk into any CIBC banking centre with your business registration, two forms of identification, and a void cheque. In-branch advisors activate your account the same day.
Call an Advisor
Phone 1-800-465-2422 to connect with a business banking specialist who guides you through account selection and initiates your application over the phone.
Selecting the Right Business Chequing Account
Choosing an operating account requires assessing your monthly transaction volume, payment processing requirements, and growth trajectory. A mismatch between operational profile and account structure leads to unnecessary costs and missed optimization opportunities.
Startups processing fewer than 15 monthly transactions should begin with the Starter Account to keep overhead minimal while accessing full digital banking capabilities. As transaction volumes increase, upgrading to Growth or Professional tiers ensures you benefit from included e-transfers, complimentary cheques, and treasury service access without per-transaction surcharges.
High-volume enterprises — particularly those involved in cross-border trade or managing complex payroll — benefit most from the Enterprise Account. This tier eliminates all transaction caps and includes an integrated USD sub-account for managing foreign exchange exposure. The built-in merchant services capabilities and POS integration make it well-suited for retail and e-commerce operations processing hundreds of daily transactions.
Every CIBC business account includes complimentary access to CIBC digital tools, providing real-time cash flow visibility, automated savings sweeps, and seamless integration with major accounting platforms including QuickBooks and Xero.
Common Questions
The right account depends on monthly transaction volume. Starter handles up to 15 transactions for sole proprietors. Growth covers 60 transactions for expanding SMBs. Professional includes 150 transactions with a dedicated advisor. Enterprise provides unlimited everything for high-volume operations.
Yes. You can switch between account tiers at any time through CIBC digital banking, by phone, or at a branch. Changes apply to your next billing cycle with no switching fees, and your account number stays the same.
Each tier has a minimum balance that waives the monthly fee when maintained: Starter at $3,000, Growth at $15,000, Professional at $40,000, and Enterprise at $80,000. The balance is calculated as the average daily closing balance during the statement period.
CIBC Digital Business Banking Accounts
CIBC Digital Business offers four business banking account tiers designed for Canadian enterprises. Whether you are a sole proprietor or a high-volume corporation, CIBC Digital Business provides the operating account infrastructure your business needs. Every CIBC Digital Business banking account includes digital platform access, Interac e-Transfer, and mobile cheque deposit as standard features.