How To Open A Small Business Account

How to Open a Small Business Account

How to Open a Small Business Account

At CIBC, we offer a choice of three business accounts to meet the individual needs of your enterprise:

CIBC Business Operating Accountв„Ñž вЂ" a Canadian dollar account for the day-to-day operation of your business

CIBC Business Interest AccountÐ'® вЂ" a tiered investment savings account for business clients, available only in Canadian dollars

CIBC US Dollar Current Account вЂ" an operating account for businesses that is designed to meet your U.S. business needs

To learn more about any of these accounts, select the account name from the Related Links on the right side of the page.

Getting started

There are four easy steps to open any of these accounts:

Step 1 вЂ" Complete the Small Business Account Application. See the "Account application form" section below for more information on how to do this using Adobe Acrobat Reader†.

Step 2 вЂ" Drop off the completed application at your CIBC branch.

To find the CIBC branch closest to you, select “Branch Locator” from the Related Links.

Step 3 вЂ" A CIBC representative will review your application and will contact you to set up a brief appointment.

Step 4 вЂ" We will save you time by processing your application and setting up your account in advance of your appointment. If all the documentation is in order, you will have a fully functioning business account after your appointment.

Alternatively, if you (and your principals and signing officers) are present with all the required business documents, and a CIBC representative is available when you drop off the completed application, we may be able to open the account while you wait. However, this process will require you to spend more time in the branch.

For your appointment

Please bring the following when you visit the branch to finalize