Interac e-Transfer ® for Business allows you to send funds up to $25,000 from your business account easily and safely to anyone with an email address, mobile phone number or Canadian bank account. We want you to make the best decision for your business, so here’s an explanation of all the payment options available for CIBC Business Banking clients. It might seem overwhelming and confusing to know which payment method to choose. Instead, there are many digital options that businesses can use to make payments in Canada and around the world, more securely and with faster turnaround times. Cheques are slow and take time to clear your account, making real-time cash flow management difficult, not to mention the risk of cheque fraud. A cheque is an obvious way for a business to make payments to a supplier, an investor, or an employee, but it’s not often the best choice.
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