CIBC Growth Business Account
Monthly fee: $35.00 | 60 included transactions | 15 free e-Transfers
Growth Account Features
The CIBC Growth Business Account is designed to provide the right balance of banking capabilities and cost efficiency for your business stage.
- 60 included monthly transactions
- 15 free Interac e-Transfers
- Overdraft coverage eligibility
- Mobile cheque deposit
- Automated payment scheduling
- Accounting software integration
- Real-time cash flow alerts
Who Should Use the Growth Account
Built for growing small businesses that have outgrown basic banking but do not yet require premium services. The Growth Account balances transaction capacity with cost efficiency, making it the most popular choice among Canadian SMBs. Overdraft coverage eligibility provides a safety net during cash flow fluctuations common in expanding businesses.
Common Questions
The CIBC Growth Business Account has a monthly fee of $35.00. This fee can be waived by maintaining the minimum daily closing balance. The account includes 60 transactions and 15 free Interac e-Transfers per month.
Yes. You can upgrade or downgrade at any time through CIBC digital banking, by phone, or at any branch. Changes take effect on your next billing cycle with no switching fees.
The CIBC Digital Business Growth Account supports expanding businesses with increased transaction capacity and overdraft eligibility. As part of the CIBC Digital Business platform, Growth account holders benefit from the full suite of CIBC Digital Business digital banking tools and advisory services.