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 may be different from the date you performed the transaction.

Everyday Transactions
Cheque Transactions
Business Services
Other Services

Everyday Transactions

Additional statements
Monthly statements provided in excess of one per month or non-month-end statement		$5.00 each
Monthly statement reprint		$5.00 each
Interim statement (available Winter 2010)		$4.50 each

Balance inquiries
For each request in-branch, by telephone8 or by mail		$2.75
By CIBC Instant Teller® bank machine, CIBC Telephone Banking or CIBC Online Banking		no charge

Bill payments
In-branch bill payment (for CIBC customers)		no charge‡
In-branch bill payment (for non-CIBC customers) ‡ Withdrawal charge will apply.		$3.00

Items Deposited
Each cheque deposited		$0.16
Cash deposited bills (per $1,000)		$1.80
Coin deposited (per $100)		$1.80

Transfers between your accounts
In-branch or by CIBC Instant Teller® bank machine, CIBC Telephone Banking or CIBC Online Banking + Withdrawal and/or deposit charges may apply.		no charge+

Withdrawals at non-CIBC bank machines9
In Canada		$1.50§ each
In the U.S.		$3.00** each plus a 2.5% administration fee
Outside Canada and the U.S. (Plusu or VISAu Network)		$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.

Cheque Transactions

Cheque certification
When requested by a payor (cheque issuer)		$10.00
When requested by a payee (cheque recipient)		$15.00

Cheques for business accounts
Cheques vary in price depending on style and quantity (Talk to a CIBC business advisor for details)

Cheques written in currencies other than the account currency°
When the cheque is in any currency different from that of the account the fee will be $20.00 charged in the currency of the account. For cheques written on U.S. accounts, the fee will be $20.00 U.S.. For cheques written on foreign currency accounts (other than U.S. accounts), the Canadian equivalent fee will be charged in the same currency as the account using an exchange rate set by CIBC on a date determined by CIBC.
° In addition to transaction fee, if applicable.

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 your Canadian dollar account		$5.00
Service charge when you do not use a cheque which has been MICR encoded for your U.S. dollar account (minimum charge $5.00 U.S., maximum $100.00 U.S.)		0.05% of the cheque amount
° In addition to transaction fee, if applicable.

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		$42.50
° In addition to transaction fee, if applicable.

Online cheque viewing
View images of cleared items online		$1.50 per item viewed

INTERAC* Email Money Transfer Available through CIBC Online Banking. You will need the recipient's e-mail address to complete the transaction.
Sending an Email Money Transfer		$1.50
Receiving an Email Money Transfer		Free
Note: A primary signing authority of a CIBC business account can send an EMT. EMT is not available to clients who were issued Convenience Cards prior to 2006.

Retrieval and copy of a cancelled cheque or other item
Note: Copies of certified cheques are not provided.		$5.00/item

Returned cheques (chargebacks)
A cheque you deposit that is returned unpaid		$7.00 each
Advance Notification of returned cheque (chargeback) advice, if requested		$5.00 each

Stop Payments
Cheques/Pre-Authorized Payments
Full details provided		$12.50 per request
Full details not provided		$20.00 per request

Business Services

Bank confirmation (audit verifications)
Verification of balance only		$25.00
Providing additional information involving extra work		$40.00/staff/hour (minimum $40.00)

Credit Reports
Enquiry within Canada
Verbal		$20.00 per report
Rushed Verbal (same day)		$25.00 per report
Written		$25.00 per report
Verbal and Written		$30.00 per report
Enquiry outside of Canada
Verbal or Written		$30.00 per report
Note: Additional out of pocket expenses may apply.

Currency supplied
Cash and/or coin orders supplied up to and including $15,000		$10.00 per order
Cash and/or coin orders supplied over $15,000		$25.00 per order

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.		$2.00 per payment filing

Item inquiries For each item request or transaction listing
In branch, by telephone8 or by mail		$5.00
By CIBC Instant Teller® bank machine, CIBC Telephone Banking or CIBC Online Banking		no charge

Transfer between financial institutions
To transfer the account to another Financial Institution (via Balance of Account Transfer form)		$19.50

Wallet Depository Service
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).		$27.00/year/Depository Location7
If Disposable Deposit Wallets supplied by client		$140.00/year/Depository Location

Other Services

Accounts closed within 90 days of being opened
Funds not transferred to another CIBC deposit instrument or account		$15.00

Bank Drafts and Money Orders°
Canadian currency		$7.50 per item
U.S. currency		$7.50 CDN per item
Foreign currency		$7.50 CDN per item
° In addition to transaction fee, if applicable.

Collection Items
Outgoing CDN dollar item within Canada*
Up to $5,000		$15.00 each
Over $5,000		0.15% of 1% of the item amount (minimum $25.00 each)
Outgoing CDN dollar item outside of Canada*		0.20% 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*		0.20% 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.

Dormant (Inactive) Account Fee10
Business accounts become dormant (inactive) when there has been no customer-initiated activity for 6 months with the exception of CIBC Business Interest Account, which is considered dormant (inactive) if no transactions have been initiated for a 12-month period.
For maintaining a dormant (inactive) account for 2, 3 or 4 years		lesser of $20.00 or account balance
For maintaining a dormant (inactive) account for 5, 6, 7 or 8 years		lesser of $30.00 or account balance
For maintaining a dormant (inactive) account for 9 years		lesser of $40.00 or account balance
After 10 years, if your account remains dormant, your Canadian account balances are transferred to the Bank of Canada.

Request for replacement of Bank Draft or Money Order
Drawn in Canadian currency		no charge
Drawn in U.S. currency or other foreign currency Note: Some conditions apply, talk to a CIBC business advisor for details.		$25.00

Safety Deposit Boxes
Safety deposit boxes are available in a variety of sizes and prices; some common examples with approximate dimensions are shown in the chart below. Rent is always paid in advance.
Box Size		Price/year
1 1/2" x 5" x 24"		$45.00
2 1/2" x 5" x 24"		$60.00
3 1/4" x 5" x 24"		$65.00
2 1/2" x 10 3/8" x 24"		$100.00
5" x 5" x 24"		$100.00
5" x 10 3/8" x 24"		$200.00
Plus applicable taxes.
Please contact your branch or CIBC business advisor for details on fees for other safety deposit box sizes.
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.
If your box is closed after the first full year, CIBC will refund your rent pro-rated on 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
Fees will be charged in Canadian currency.

Searches for accounts of deceased or incapacitated individuals
For each branch at which account(s) is (are) located		$6.50/name (minimum $22.00)

Wire Payments and Inter-Branch Payments
Outgoing Wire Payments
$10,000 or less		$30.00 per payment
$10,000.01 - $50,000		$50.00 per payment
Greater than $50,000		$80.00 per payment
Outgoing wire fees will be charged in Canadian currency. For wires from foreign currency accounts (including U.S. accounts), the equivalent fee will be charged in the same currency as the account using an exchange rate set by CIBC on a date determined by CIBC.
Note: Correspondent banks may levy additional charges.

Incoming Wire Payments
Canadian and U.S. currency		$15.00 per payment
Other currencies		$15.00 CDN per payment
For Canadian and U.S. currency, the fee will be charged in the same currency as the incoming payment and deducted from the incoming payment amount. For other currencies, the Canadian equivalent fee will be converted to the same currency as the incoming payment using an exchange rate set by CIBC on a date determined by CIBC and deducted from the incoming payment amount.
In addition to Incoming Payment service charge:
Fax advice		$5.00 per fax(each fax contains one payment advice)
Online advice (CIBC Business Banking)		$4.00 per payment
Inter-Branch Payments (between CIBC branches in Canada)
$10,000 and under		$15.00 per payment
Over $10,000.01 to $25,000		$30.00 per payment
Over $25,000.01 to $100,000		$60.00 per payment
Over $100,000		$100.00 per payment
Note: Additional out of pocket expenses may apply.

™ Trademark of CIBC.

® Registered trademark of CIBC.

*INTERAC is a trademark of Interac Inc., CIBC is an authorized user of the trademark.

u Visa Int./Lic. User

3 Cheque deposits include cheques, money orders, drafts and all other clearing items. "Items deposited" charges apply to deposits in excess of 100 cheques or $15,000 cash or $1,000 coin per month.

7 Cost of wallets is extra. Annual Fee of $27.00/year/Depository Location waived for clients with the CIBC Unlimited Business Operating Account™, CIBC Basic Business Operating Account™, CIBC Not-for-Profit Operating Account and CIBC Business Operating Account for Small Business Clients with Additional Option.

8 Other than CIBC Telephone Banking.

9 This means bank machines not displaying the CIBC name or logo.

10 Three dormant (inactive) account notices will be sent to you, the first after two years, the second after five years and the third after nine 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.