CIBC Unlimited Operating Account with No Transaction Limits
The premium tier for businesses that refuse to count transactions. Unlimited everything — plus an integrated US Dollar sub-account and a senior relationship manager — all powered by CIBC Smart Banking.
Unlimited Account: Everything Included
The Unlimited Operating Account eliminates the mental overhead of counting transactions. For $125 per month — waived with an $80,000 minimum balance — you get unrestricted access to every banking operation CIBC offers, with no per-transaction fees regardless of volume.
This is the account for businesses processing hundreds or thousands of transactions monthly: payroll for large teams, high-frequency vendor payments, daily customer refunds, and multi-location cash management. The flat monthly fee means your banking costs are completely predictable.
- Unlimited debit transactions — no per-transaction fees
- Unlimited Interac e-Transfers (send and receive)
- Integrated USD sub-account for cross-border commerce
- Senior dedicated relationship manager
- Free unlimited personalized business cheques
- Overdraft protection up to $100,000
- Priority service at all banking channels
- Full CIBC Smart Banking with advanced analytics dashboard
- Free incoming and discounted outgoing wire transfers
- Complimentary cash management consultation
Integrated US Dollar Sub-Account
Businesses that transact with American suppliers, clients, or partners often lose significant money on currency conversion fees. The Unlimited account includes a built-in USD sub-account that lets you hold, receive, and send US dollars without converting to Canadian dollars first.
Receive payment from a US client in USD, hold those funds in your USD sub-account, and pay your American suppliers directly — bypassing two rounds of foreign exchange conversion. For businesses doing even $50,000 per year in cross-border transactions, the savings on conversion spread alone can exceed the monthly account fee.
Key USD Account Features
The USD sub-account operates under the same account number with a separate currency designation. You can transfer between CAD and USD at CIBC's commercial exchange rates through CIBC Smart Banking. Wire transfers in USD are processed through our New York correspondent banking network for same-day settlement.
Learn More About USD Accounts →Your Senior Relationship Manager
Unlimited account holders are assigned a senior commercial banking professional — not a junior advisor.
Strategic Planning
Your manager participates in annual financial planning reviews, helping you align your banking infrastructure with your business strategy for the coming year.
Lending Advocacy
When you need capital, your relationship manager acts as your internal advocate within CIBC's credit committee, presenting your business case and expediting approvals.
Product Coordination
One point of contact for all CIBC products — accounts, lending, investments, treasury, foreign exchange. No more being transferred between departments.
Businesses That Benefit Most from Unlimited
Multi-Location Retailers
Franchise operators, retail chains, and restaurant groups processing hundreds of daily transactions across multiple locations need unlimited capacity without unpredictable per-transaction costs.
Import-Export Companies
Businesses with regular cross-border transactions benefit from the integrated USD sub-account, competitive FX rates, and the ability to manage both currencies from a single CIBC Smart Banking dashboard.
Large Professional Firms
Law firms, accounting practices, and consulting agencies with high-volume payroll, trust account activity, and client disbursements need unlimited transactions and robust audit trails.
Frequently Asked Questions
Correct, the CIBC Unlimited Operating Account has no transaction limits whatsoever. This includes unlimited cheque deposits, withdrawals, bill payments, internal transfers, and Interac e-transfers. The $125 monthly fee covers all transaction activity, making it the most predictable and cost-effective option for high-volume businesses processing hundreds or thousands of transactions monthly.
Yes, the Unlimited Operating Account includes an integrated US Dollar sub-account at no additional charge. This allows you to hold, receive, and disburse USD without constant foreign exchange conversion, making it ideal for businesses engaged in cross-border commerce with American suppliers or customers. Fund transfers between CAD and USD accounts are executed at competitive exchange rates.
A dedicated relationship manager is a senior CIBC commercial banking professional assigned exclusively to Unlimited Operating Account holders. Unlike standard business advisors, relationship managers coordinate across all CIBC divisions — lending, wealth management, treasury services, and international banking — to deliver holistic financial solutions tailored to your enterprise needs.