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Additional Services and Charges
All of the following fees apply to all business accounts and, unless otherwise indicated, are applied in Canadian dollars except for U.S. dollar accounts where fees are charged in U.S. dollars.
Note: Foreign currency accounts (other than U.S. accounts) are charged the foreign currency equivalent of the Canadian dollar amounts listed below using an exchange rate set by CIBC on a date determined by CIBC, which date may be different from the date you performed the transaction.
Everyday Transactions
| Additional statements |
| For each statement provided in excess of one per month or a non-month-end statement |
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$5.00 |
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| Balance inquiries |
| For each request in-branch, by telephone7or by mail |
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$2.75 |
| By CIBC bank machine, CIBC Telephone Banking or CIBC Online Banking |
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no charge |
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| Bill payments |
| In-branch bill payment (for CIBC customers) |
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no charge‡ |
In-branch bill payment (for non-CIBC customers)
‡ Withdrawal charge will apply. |
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$3.00 |
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| Transfers between your accounts |
| In-branch or by CIBC bank machine, CIBC Telephone Banking or CIBC Online Banking |
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no charge+ |
Prepared by CIBC (e.g. telephone7, mail or on a recurring basis, pre-arranged with your branch)
+ Withdrawal and/or deposit charges may apply depending on your account plan.
ø In addition to transaction fee (if applicable). Additional costs apply if a money order, draft or wire transfer is required to execute the transfer |
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$10.00+, ø (plus a fee of $2.50 if a mailed advice of transfer is requested) |
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| Withdrawals at Non-CIBC bank machines8 |
| In Canada |
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$1.50§ each |
| In the U.S. |
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$3.00** each plus a 2.5% administration fee |
Outside Canada and the U.S.
(Plusu or VISA® Network) |
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$5.00** each plus a 2.5% administration fee |
§ In addition to transaction fee, if applicable. Some bank machines may levy surcharges.
** You are charged the same foreign exchange conversion rate CIBC is
required to pay, plus an administration fee of 2.5% of the converted amount in addition to any transaction fees applicable to the withdrawal and the fees noted above. Conversion to Canadian dollars may occur on a date other than the date of your transaction; therefore the conversion rate may be different from the rate in effect at the time of your transaction. Some bank machines may levy surcharges. |
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Cheque Transactions
| Cheque certification |
| When requested by a payor (cheque issuer) |
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$10.00 |
| When requested by a payee (cheque recipient) |
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$15.00 |
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| Cheques held for deposit |
| A post-dated cheque lodged by you for credit to your account at a future date |
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$3.00
(plus a fee of $2.50 if a mailed advice of deposit is requested) |
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| Cheques for business accounts |
Cheques vary in price depending on style and quantity
(Talk to a CIBC business advisor for details) |
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| Foreign currency cheques written on your Canadian dollar account |
| When the cheque is in U.S. currency |
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$7.50 U.S. |
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$15.00 U.S. |
| When the cheque is in any other foreign currency |
- Up to the equivalent of $1,000 CDN
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$7.50 CDN |
- Over the equivalent of $1,000 CDN
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$15.00 CDN |
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Non-MICR encoded cheques°
(when you write a cheque that is not MICR encoded, e.g. counter cheque) |
| Service charge when you do not use a cheque which has been MICR encoded for Canadian dollar account |
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$5.00 |
| Service charge when you do not use a cheque which has been MICR encoded for U.S. dollar account |
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0.05% of the cheque amount |
(minimum charge $5.00 U.S., maximum $100.00 U.S.)
° In addition to transaction fee (if applicable). |
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| Non-Sufficient Funds (NSF) cheques and pre-authorized debits |
| A cheque you draw or a pre-authorized debit that is returned unpaid due to non-sufficient funds being available in your account |
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$40.00 |
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| Online cheque viewing |
| View images of cleared items online |
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$1.50 per item viewed |
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| Retrieval of cancelled cheque or other item |
| Note: Copies of certified cheques are not provided. |
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$5.00/item |
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| Returned cheques (chargebacks) |
| A cheque you deposit is returned unpaid |
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$5.00 each |
| Advance Notification of returned cheque (chargeback) advice, if requested |
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$5.00 each |
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| Stop Payments |
| Cheques/Pre-Authorized Payments |
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$12.50 per request |
- Full details not provided
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$20.00 per request |
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Business Services
| Bank confirmation (audit verifications) |
| Verification of balance only |
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$25.00 |
| Providing additional information involving extra work |
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$40.00/staff/hour
(minimum $40.00) |
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| Credit Reports |
| Enquiry within Canada |
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$20.00 per report |
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$25.00 per report |
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$25.00 per report |
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$30.00 per report |
| Enquiry outside of Canada |
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$30.00 per report |
| Note: Additional out of pocket expenses may apply. |
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| Currency supplied |
| Cash and/or coin orders supplied up to and including $15,000 |
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$10.00 per order |
| Cash and/or coin orders supplied over $15,000 |
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$25.00 per order |
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| Government Payment and Filing Service |
Available through CIBC Online Banking or CIBC Business Banking®
Note: For information on CIBC Business Banking, talk to a CIBC business advisor. |
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$2.00 per payment filing |
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| Item inquiries |
| For each item request or transaction listing in branch, by telephone7 or by mail |
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$5.00 |
| By CIBC bank machine, CIBC Telephone Banking or CIBC Online Banking |
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no charge |
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| Transfer between financial institutions |
To transfer the account to another Financial Institution
(via Balance of Account Transfer form) |
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$19.50 |
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| Wallet Depository Service (with a CIBC Business Operating Account or a CIBC U.S. Dollar Current Account) |
If Disposable Deposit Wallets ordered through CIBC
Note: Disposable Deposit Wallets vary in price depending on quantity and location (talk to a CIBC business advisor for details). |
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$27.00/year/Depository Location"6 |
| If Disposable Deposit Wallets supplied by client |
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$140.00/year/Depository Location |
| "Annual fee of $27.00/year/Depository Location waived for clients with the CIBC Business Operating Account with Additional Option. |
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Other Services
| Accounts closed within 90 days of being opened |
| Funds not transferred to another CIBC deposit instrument or account |
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$15.00 |
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| Bank Drafts and Money Orders |
| Canadian currency |
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$6.50 per item |
| U.S. currency |
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$6.50 CDN per item |
| Foreign currency |
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$6.50 CDN per item |
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| Collection Items |
| Outgoing CDN dollar item within Canada* |
|
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$15.00 each |
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3/20 of 1% of the item amount
(minimum $25.00 each) |
| Outgoing CDN dollar item outside of Canada* |
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1/5 of 1% of the item amount
(minimum $30.00 each, maximum $150.00 each+) |
| Outgoing U.S. and foreign currency item inside or outside of Canada* |
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1/5 of 1% of the item amount
(minimum $30.00 each, maximum $150.00 each+) |
* Other financial institutions may levy additional charges.
+ Additional out of pocket expenses may apply. |
| Note: Incoming collections from other financial institutions will be subject to a charge by CIBC which may be passed on by the financial institution to their customer. |
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| Dormant (Inactive) Account Fee9 |
| For maintaining a dormant (inactive) account for 2 years |
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lesser of $20.00 or account balance |
| For maintaining a dormant (inactive) account for 5 years |
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lesser of $30.00 or account balance |
| For transferring account to CIBC Head Office after it has been dormant (inactive) for 9 years |
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lesser of $35.00 or account balance |
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| Request for replacement of Bank Draft or Money Order |
| Drawn in Canadian currency |
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no charge |
Drawn in U.S. currency or other foreign currency
Note: Some conditions apply, talk to a CIBC business advisor for details. |
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$25.00 |
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| Safety Deposit Boxes |
| Safety deposit boxes are available in a variety of sizes and cost from $40.00/year and up. Rent is paid in advance. |
| Safety Deposit Box closing |
- If your box is closed within one year after it is opened, CIBC will refund the rent based on the months remaining, up to a maximum of 6 months.
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- If your box is closed after the first full year, CIBC will refund your rent pro-rated on the remaining months in the term.
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| Replacement Services |
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$15.00 per key |
- Drilling of box and replacement of lost keys
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$100.00 |
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| Searches for accounts of deceased or incapacitated individuals |
| For each branch at which account(s) is (are) located |
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$6.50/name, minimum $22.00 |
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| Wire Payments and Inter-Branch Payments |
| Outgoing Wire Payments |
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$20.00 plus cable costs per payment# |
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$30.00 plus cable costs per payment# |
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$15.00 to $35.00 per payment depending on destination |
| # Correspondent banks may levy additional charges. |
| Inter-Branch Payments (between CIBC branches in Canada) |
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$15.00 per payment |
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$30.00 per payment |
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$60.00 per payment |
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$100.00 per payment |
| Note: Additional out of pocket expenses may apply. |
| Incoming Wire Payments |
- Canadian and U.S. currency
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$10.00 per payment (charged in the same currency as the incoming payment and deducted from the incoming payment amount) |
|
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$10.00 CDN per payment (converted to the same currency as the incoming payment using an exchange rate set by CIBC and deducted from the incoming payment amount) |
| In addition to Incoming Payment service charge: |
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$2.50 per fax (each fax contains one payment advice) |
- Online advice (CIBC Business Banking)
|
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$4.00 per payment |
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TM Trademark of CIBC.
® Registered trademark of CIBC.
u Visa Int./Lic. User
6 Cost of wallets is extra.
7 Other than CIBC Telephone Banking.
8 This means bank machines not displaying the CIBC name or logo.
9 Business accounts become dormant (inactive) when there has been no customer initiated activity for 6 months. Two dormant (inactive) account notices will be sent to you, the first after two years and the second after five years. Charges will only be levied if you do not complete and return the acknowledgement on the notice, or reactivate your account, within the time frame specified on the notice. After 10 years, if your Canadian dollar funds remain unclaimed, they will be transferred to the Bank of Canada.
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