The Canada Imperial Bank of Commerce or CIBC was established in 1961. At present, the bank is one of the major financial service provider of Canada. The CIBC Business Banking services offers the opportunity for the small business sector to grow rapidly.
For the purpose, the organization has designed a number of products.
Some of these products that are designed for the small business are as follows:
Borrowing and Credit
Investing & Wealth
The Day-to-Day Banking service provided by the CIBC business banking includes services like Business Accounts, Cash Management, Resource Center, Merchant Service, Customized Accounts and many more.
On the other hand, The Borrowing and credit services Provided by CIBC business banking offers several services like Visa Cards, Loans and Lines of Credit and several types of Mortgage Services.
The Investing and wealth services offered by the CIBC business banking consists of several products like Investment Solutions, Retirement planning and many more. The Specialty Services that are designed for the small business sector are designed to serve various needs of the sector. These services are provided for start up and established businesses. These services are also offered for agricultural, aboriginal and health care professionals.
The Day-to-Day banking and the Borrowing and Credit services of CIBC Business Banking are very helpful for the business sector. The facilities are accelerating the established businesses and at the same time, it is promoting the new businesses. There are several accounts that are designed to meet the needs of the businesses. These accounts are as follows:
U.S. Dollar Current Account
CIBC Small Business Overdraft
CIBC Business Interest Account
CIBC Small Business Convenience Card
Another very important service is the Cash Management service that is offered as a part of the Day-to-Day Banking service of the CIBC Business Banking. The cash management service offers several solutions for complex cash management requirements. At the same time, it also assists in filing of taxes. Several services provided under the Cash Management are:
CIBC Government Payment & Filing Service
Merchant Electronic Bill Payments
Centralized Cash Control
Account Reconciliation Service
Last Updated on : 29th July 2013