CIBC Starter Business Account
Monthly fee: $6.00 | 15 included transactions | 2 free e-Transfers
Starter Account Features
The CIBC Starter Business Account is designed to provide the right balance of banking capabilities and cost efficiency for your business stage.
- Full CIBC digital banking access
- Interac e-Transfer (2 free/month)
- Mobile cheque deposit
- Scheduled payment automation
- 256-bit encryption security
- QuickBooks and Xero integration
Who Should Use the Starter Account
Ideal for sole proprietors, freelancers, independent contractors, and micro-businesses that process fewer than 15 monthly transactions. The Starter Account provides essential banking infrastructure at minimal cost, allowing new ventures to preserve capital while accessing the full CIBC digital platform. As your transaction volume grows, seamless upgrading to the Growth Account ensures continuous service without account disruption.
Common Questions
The CIBC Starter Business Account has a monthly fee of $6.00. This fee can be waived by maintaining the minimum daily closing balance. The account includes 15 transactions and 2 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 Starter Account is the entry point for new Canadian businesses joining the CIBC Digital Business platform. With full access to CIBC Digital Business digital tools and a low monthly fee, the Starter tier provides the essential banking foundation every new venture requires.