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CIBC US$ Personal Account

This account is ideal if you regularly receive U.S. funds or travel frequently to the U.S.

Interested in opening a new account? If you already have a CIBC personal bank account, just call Telephone Banking. Otherwise, call us to start the application process, or visit one of our branches. 1-866-525-8622 toll free.

Is it for you?

The CIBC US$ Personal Account could be for you if any of the following apply:

  • You travel frequently to the U.S. or require U.S. funds on a regular basis.
  • You want to write U.S. dollar cheques to pay for purchases in Canada.
  • You want to keep any U.S. funds remaining after a vacation or business trip to use for a future trip, without having to convert your funds back and forth between currencies.
  • You prefer to exchange Canadian funds for U.S. funds when rates are favourable and not necessarily when you travel.

Key benefits


Makes you money
  • Earn interest calculated daily on the closing balance and paid monthly on the account
Saves you money
  • Deposit or withdraw U.S. funds without having to convert funds between currencies
Convenient
  • Comes with a CIBC Convenience Card®.
  • Deposit funds directly into your account at any CIBC bank machine or branch.
  • Withdraw U.S. funds from any CIBC U.S. currency bank machine or branch.
  • Transfer funds between CIBC US$ Personal Accounts at any CIBC bank machine or branch.
  • Choose the free record keeping option that suits you best: bankbook, basic monthly or quarterly statement, or paperless option
CIBC 60 Plus Advantage™
  • 2 free transactions1 on the CIBC US$ Personal Account
  • Free bank drafts and money orders
  • $5 discount off the annual rental fee for a safety deposit box (any size, subject to availability)

Information you need to know:

  • Fees: 75 cents US per transaction1
  • Interim statement: $5 US each

Important information

Products and their features may change at any time.

This is a general description only. For complete information about fees, refer to the service fee disclosure brochure Personal Account Service Fees effective April 1, 2007.

1 A transaction includes the following - in-branch withdrawals, pre-authorized payments, cheques2 or withdrawals at CIBC U.S. dollar bank machines.

2 Cheques can be written on 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. Transaction fee shown is for cheques written in U.S. currency only.

U.S. and other foreign currency deposits are not insured by Canada Deposit Insurance Corporation. For a complete listing of CDIC eligible CIBC Deposits see CDIC Deposit Insurance Information

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