Personal Bank Account Fee Summary
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Personal Account Service Fees (135 KB)
| Banking Feature | CIBC Unlimited® Chequing Account | CIBC Everyday® Chequing Account | CIBC Premium Growth Account | CIBC Premier Service® Account | CIBC US$ Personal Account | CIBC Bonus Savings Account |
|
Transactions - Cheques - Withdrawals - Bill payments - Pre-authorized payments or INTERAC®1 Direct Payment purchases |
- Unlimited transactions for $12.95 per month - CIBC Express Switch Service® makes it easy to switch your banking to CIBC - FREE standard personalized cheques |
- Up to 10 transactions for $3.90 per month and $0.60 for each additional transaction over 10 - Your $3.90 monthly fee is waived if you maintain a minimum monthly balance of $1,000 - Personalized cheques available |
$1.25 per transaction | $24.50 per month for unlimited transactions | $0.75 U.S. for in-branch withdrawals, pre-authorized payments, cheques1 or withdrawals at CIBC U.S.$ bank machines |
- One FREE transaction per month2 - $5.00 for each additional transaction |
| Transfers3 to other CIBC personal bank accounts | FREE | FREE | FREE | FREE | FREE for transfers between CIBC U.S.$ personal accounts | $5.00 per transfer (unless this is your FREE monthly transaction4) |
|
Interac Email Money Transfer (EMT): - Sending an EMT - Receiving an EMT6 |
$1.505 FREE |
$1.505 FREE |
$1.505 FREE |
$1.505 FREE |
Not Available Not Available |
$1.505 FREE |
|
Additional fees for withdrawals at bank machines not displaying the CIBC name or logo: In Canada (INTERAC network) Within the U.S. (PLUS and other VISA networks) Outside Canada and the U.S. (PLUS+ and VISA networks) In addition, if you withdraw foreign currency from a bank machine located outside of Canada, you are charged the same conversion rate CIBC is required to pay, plus an administration fee of 2.5% of the converted amount (in addition to any transaction fee applicable to the withdrawal and the fee noted above). Some bank machines may levy additional charges. |
$1.50 each5 $3.00 each5 $5.00 each5 |
$1.50 each5 $3.00 each5 $5.00 each5 |
$1.50 each5 $3.00 each5 $5.00 each5 |
4 FREE non-CIBC Interac bank machine withdrawals per month6
$1.50 each5 $3.00 each5 $5.00 each5 |
NA |
$1.50 each5 $3.00 each5 $5.00 each5 |
|
Account inquiries - CIBC bank machines, Telephone Banking and Online Banking |
FREE | FREE | FREE | FREE | FREE | FREE |
1 Cheques can be written on CIBC US$ Personal Accounts. However, if the payee of the cheque negotiates the cheque at a financial institution outside Canada, that institution may not accept the cheque or may deduct a large fee from the cheque's face value. Fee shown is for cheques written in U.S. currency only. Any fees not listed above which are applicable to this account will be charged in U.S. funds. If Canadian dollars are deposited into this account, the exchange rate used will be the rate prevailing at the time the transaction is processed.
2 Cannot be carried forward for use in subsequent months.
3 If a cheque is used to make the transfer, a transaction fee is also applicable. A per-transaction surcharge of $10.00 applies to branch-assisted transfers. Transfers requested by telephone and by mail are subject to branch discretion. If mail confirmation of the transfer is required, an additional surcharge of $2.00 Cdn plus postage is applicable. Additional costs apply if a money order, draft or wire transfer is required to execute the transfer.
4 A transfer from the CIBC Bonus Savings Account is treated as a transaction and is subject to the applicable fee (unless it is your one free monthly transaction on your CIBC Bonus Savings Account).
5 In addition to transaction withdrawal fee, if applicable. Some bank machines may levy additional surcharges.
6 CIBC levies no fee to receive an Email Money Transfer into a CIBC Canadian dollar personal account. However, if the account is not at CIBC, Certapay, a division of Acxsys Corporation, and/or the Financial Institution at which the Recipient's account is located may levy a fee upon the Recipient.
™ Trademark of CIBC ® Registered Trade-Mark of Interac Inc.; CIBC authorized user of the trade-mark. CIBC. For what mattters. is a trademark of CIBC
+ Trademark of VISA Int./CIBC lic. User. ® Registered Trade-Mark of CIBC
®1 Registered Trade-Mark of Interac Inc.; CIBC auth user
Record Keeping Fees
CIBC offers several record keeping options. On most accounts, you can choose from the following:
- monthly or quarterly basic statements
- a bankbook
- paperless option
- receiving images of the cheques you've written (cheques imaged)
- receiving the cheques themselves (cheques returned)
CIBC also offers statements in Braille and large print -- at no additional cost -- to customers with a visual impairment. For more information about these options, please call 1-800-465-2422 or visit a CIBC branch.
| Record Keeping Option | CIBC Unlimited Chequing Account | CIBC Everyday® Chequing Account | CIBC Premium Growth Account | CIBC Premier Service Account | CIBC US$ Personal Account | CIBC Bonus Savings Account | CIBC Advantage for | ||
| Youth | Student2 | Seniors2 | |||||||
| Basic record keeping1 | Included | Included | Included | Included | Included | Included | Included | Included | FREE on CIBC Everyday® Chequing Account |
| Statement with cheques imaged | FREE | $2.502 per month | $2.50 per month | NA | $2.50 per month | NA | $2.50 per month | ||
| Statement with cheques returned | FREE | $3.50 per month | $3.50 per month | NA | $3.50 per month | NA | $3.50 per month | ||
| Braille/large print statements | FREE upon request | FREE upon request | FREE upon request | FREE upon request | FREE upon request | FREE upon request | FREE upon request | ||
1 Basic record keeping defined as bankbook, monthly statement, quarterly statement or paperless record keeping.
2 Conditions apply to obtain these benefits. Ask for details.
Personal Banking Services
| Service | Fee per item |
|
Bank drafts Canadian currency U.S. currency Foreign currency |
$6.50* $6.50* Cdn $6.50* Cdn |
|
Money orders Canadian currency U.S. currency Foreign currency * In addition to transaction fee (if applicable) |
$6.50* $6.50* Cdn $6.50* Cdn |
Request for replacement of bank draft or money order
Note: Some conditions apply. Please ask a CIBC advisor for details. |
No fee $25.00 |
Stop payments
|
$12.50 per request $20.00 per request $3.50 Cdn |
|
Certified cheques When requested by a payer (cheque issuer) Canadian currency U.S. currency When requested by a payee (cheque recipient) Canadian currency U.S. currency |
$10.00 $10.00 US $15.00 $15.00 US |
| Fees are in addition to transaction fee, if applicable. | |
| Transfer of funds prepared by CIBC | |
| Per transaction surcharge applied to each transfer prepared by CIBC that is requested by telephone (except through CIBC Telephone Banking), by mail, or under a special arrangement with your branch. Transfers requested by telephone and by mail are subject to branch acceptance. | $10.00 Cdn |
| Mail confirmation of transfer, if required | $2.00 Cdn plus postage |
| Additional costs apply if a money order, draft, or wire transfer is required to execute the transfer. | |
In-Branch Bill Payments
| Service | Fee |
| For CIBC deposit account holders | Any applicable transaction fees will apply. |
| For customers who do not have a CIBC deposit account* | $3.00 per bill |
* Fee does not apply to payment of Government of Canada remittances
Statements/Bankbook
| Service | Fee |
| Interim statement in branch | $4.50** |
| Account update at CIBC bank machines | FREE |
| Online or Telephone Banking Account History | FREE |
** $5.00 U.S. for US$ Personal Account
Account Balance Inquiries
| Fee | |
| At a CIBC bank machine, or through Online Banking and Telephone Banking | FREE |
Personalized Cheques
Customized cheques vary in price depending on style and quantity.*
Contact your branch or Telephone Banking for details.
* In addition to transaction fee (if applicable)
Cheques Written in Currencies Other Than the Account Currency
| Service | Per Cheque Fees | |
| Canadian $ Account | U.S. $ Account | |
| Cheque written in Canadian currency | ||
| $1,000 or less Over $1,000 |
N/A N/A |
$7.50 U.S. $15.00 U.S. |
| Cheque written in U.S. currency | ||
| $1,000 or less Over $1,000 |
$7.50 US $15.00 US |
N/A N/A |
| Cheque written in foreign currency | ||
| $1,000 or less Over $1,000 |
$7.50 $15.00 |
$7.50 US $15.00 US |
Fees are in addition to transaction fee, if applicable
Cheque Validation
| If a branch chooses to negotiate a CIBC cheque for a non-CIBC bank account customer* | $5.00 each |
* Fee does not apply when cashing government cheques
Retrieval of Cheques or Other Items
| Retrieval of cheque or other items | $5.00 per item |
Note: Certified cheques and debit memos are not returned.
Dishonoured (NSF) Item
| NSF cheque or pre-authorized payment* | $40.00 each * In addition to transaction fee (if applicable) |
Dormant (Inactive) Accounts
When there has been no activity, other than interest or service charges on your account for 6 months (on non-interest bearing accounts+) or for 12 months (on interest bearing accounts), your account becomes dormant (inactive).
To activate a dormant (inactive) account, see Frequently Asked Questions
| Service | Fee |
| Dormant (inactive) for 2 years | $20.00 or account balance (whichever is less) |
| Dormant (inactive) for 5 years | $30.00 or account balance (whichever is less) |
| Dormant (inactive) for 9 years | $35.00 or account balance (whichever is less) |
A Dormant Account Notice will be sent to you after 2 and 5 years of inactivity. Charges will only be levied if we don't receive an acknowledgement from you or the account is not activated within the time frame specified on the Dormant Account Notice.
If an account remains dormant (inactive) after 10 years, the balance is transferred to the Bank of Canada.
+ The CIBC Everyday Chequing Account and CIBC Unlimited Account are non-interest bearing accounts.
® Registered trade-mark of CIBC.
Account Closing at Client's Request
| Fee | |
| Account closed within 90 days of opening, and funds transferred to another CIBC product. | FREE |
| Account closed within 90 days of opening | $12.50 per account |
Account Transfer to Other Financial Institution
| Service | Fee |
| Transfer client's account (by means of a Balance of Account form) | $19.50 per account |
| Transfer from RRSP/RRIF/LIF Daily Interest Savings Account | $25.00 per transfer |
Search for Account
| Service | Fee |
| Search for accounts of deceased or incapacitated persons | $6.50 per name per branch (minimum $22.00)† |
| Letter to confirm account balance, interest, etc., if required | $16.50 per account |
Safety Deposit Box Services*
Rent is paid in advance.
Annual Rental Fee for Safety Deposit Box†
| Box Size | Price/Year |
| 1 1/2" x 5" x 24" | $40.00 |
| 2 1/2" x 5" x 24" | $55.00 |
| 3 1/4" x 5" x 24" | $60.00 |
| 2 1/2" x 10 3/8" x 24" | $85.00 |
| 5" x 5" x 24" | $85.00 |
| 5" x 10 3/8" x 24" | $160.00 |
| 10" x 10 3/8" x 24" | $240.00 |
Safety Deposit Box Closing
If your box is closed 1 year after it is opened:
CIBC will refund the rent based on the months remaining, up to a maximum of 6 months.
If your box is closed after the first full year:
CIBC will refund your rent pro-rated for the remaining months in the term.
Replacement Services
| Replacement of lost keys† | $15.00 per key |
| Drilling of box and replacement of lost keys† | $100.00 |
Travellers Cheques Commissions
| Service | Fee |
| Regular cheques | 1.00% |
| Cheques for Two* | 1.75% |
† Plus applicable taxes
* Subject to Availability
Wire Payments and Inter-branch Payments
| Service | Fee |
Outgoing wire payments
Inter-branch payments (between CIBC branches in Canada)
Incoming wire payments
|
$20.00 plus cable cost per payment1 $30.00 plus cable cost per payment1 $15.00 - $35.00 per payment depending on destination $15.00 per payment $30.00 per payment $60.00 per payment $100.00 per payment Note: Additional fees may apply $10.00 per payment2 charged in the same currency as the incoming payment $10.00 Cdn per payment2 (equivalent fee charged in the same currency as the incoming payment using an exchange rate set by CIBC) |
Online Cheque Viewing (available Fall 2007)
|
$1.50 per item viewed (free for accounts with paperless record keeping option) |
| Collection Items Outgoing Canadian dollar item within Canada3
Outgoing Canadian dollar item outside of Canada3 Outgoing U.S. and foreign currency item inside or outside of Canada3 Note: Incoming collections from other financial institutions will besubject to a charge by CIBC which may be passed on by thefinancial institution to its customer. |
$15 each 3/20 of 1% of the item amount (minimum of $25 each) 1/5 of 1% of the item amount (minimum of $30 each and maximum of $150 each) 1/5 of 1% of the item amount (minimum of $30 each and maximum of $150 each) Note: Additional fees may apply |
1 Correspondent bank may levy additional charges.
2 Deducted from the incoming amount.
3 Other financial institutions may levy additional charges.
™ Trademark of CIBC ® Registered Trade-Mark of Interac Inc.; CIBC authorized user of the trade-mark. CIBC. For what mattters. is a trademark of CIBC
+ Trademark of VISA Int./CIBC lic. User. ® Registered Trade-Mark of CIBC
®1 Registered Trade-Mark of Interac Inc.; CIBC auth user
® Registered trade-mark of CIBC.
Notice of Fee Changes
If a fee applicable to your account is increased or a new account fee is introduced and you receive regular statements, we will mail you a notice of the change at least 30 days before it is effective. For customers not receiving a regular statement, a notice will be posted in all branches and at all CIBC bank machines (excluding Instant Update® machines) 60 days before the change is effective.
General Terms & Conditions
Your Personal Account Agreement contains important terms and conditions governing your account. Please be sure to read it.
Personal accounts are for personal use only. Businesses (including sole proprietorships) must obtain a CIBC business account.
In most cases, transactions done at a branch or bank machine after 6:00 p.m. local time will have a transaction date of the next business day. Transactions done at a branch or bank machine after 9:30 p.m. local time will be processed the next business day. Transactions done through Telephone or Online Banking after 6:00 p.m. (Eastern Standard Time) will have a transaction date of the next business day. Transactions done through Telephone or Online Banking done after 9:30 p.m. (Eastern Standard Time) will be processed the next business day. Please note that Saturday, Sunday and holidays are not business days.
Service charges are calculated for the calendar month up to and including the final business day of the month. Such service charges are dated the final calendar day of the month but are not posted until the first business day in the following month.
Account Conversion: If you change your account type prior to the end of the final business day of the month to an account with a different fee structure, all transactions during that month (including those made before the change) will be subject to the fees under the fee structure that applies to your new account type at the end of the month. However, any fees which have already been paid or deducted from your account during the month, e.g. for money orders, will not be refunded.
For interest-bearing accounts: interest is credited to your account as of the last business day in the interest period. However, the interest cannot be withdrawn, and will not be printed at branch terminals or at CIBC bank machines, nor made available through CIBC Telephone Banking or Online Banking until two business days after the end of the interest period. If your account pays interest based on the minimum monthly or minimum semi-annual balance: a deposit made on the first business day of the period is credited as if it were actually made on the first calendar day (if earlier).
Seven days prior notice may be required for withdrawals by cheque or otherwise.
U.S. currency coins deposited into any CIBC account (Canadian or U.S. dollar) will be treated as if they were Canadian currency coin.
Copyright® 2007 Canadian Imperial Bank of Commerce. All rights reserved.