CIBC introduces digital account opening for businesses

Source: CIBC

CIBC (TSX: CM) (NYSE: CM) today announced that entrepreneurs and professionals may now digitally and securely open new CIBC Business Operating Accounts and customize their CIBC SmartBanking for Business experience using their mobile phone or tablet without visiting a banking centre.

"CIBC has radically simplified the account opening experience, giving business owners valuable time back to focus on their customers and business objectives," said Andrew Turnbull, Senior Vice-President, Business Banking, CIBC. "By combining market-leading digital solutions with CIBC's national network of relationship-based business advisory services, we have elevated our investment in support of a vibrant, entrepreneurial Canadian business community."

This innovative offering completely eliminates the need to scan and upload lengthy business documentation, and further allows existing clients to securely pre-populate large portions of the application by logging in with their existing online banking credentials. Adding to the convenience of applying from anywhere, anytime, each client is introduced to a dedicated Business Onboarding Concierge who answers questions and provides support.

By supporting all major business structures, including multi-owner—and offering a broad range of business accounts, including Business Investment Growth and US Dollar accounts—a wider scope of clients can take advantage of the flexibility and choice.

"When pairing CIBC's market-leading business account packages and digital account open, together with our insights-focused CIBC SmartBanking for Business platform offering cloud accounting and payroll integration, and nationwide business advisory services, CIBC provides the most comprehensive and differentiated banking solution for business owners in Canada," said Turnbull. 

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