Additional Service Fees

Personal Account Service Fees (26 KB)

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Services

Fees

Interim Statement

$4.50 for all accounts except:

  • CIBC US$ Personal Account - $5.00 U.S.
  • CIBC eAdvantage Savings Account - Not available1

Statement Reprint

$5.00 for all accounts except:

  • CIBC US$ Personal Account - $5.00 U.S.
  • CIBC eAdvantage Savings Account - Not available1

Additional Fees for withdrawals at non-CIBC bank machines:

In Canada (INTERAC network)$1.50 each2 CIBC US$ Personal Account - Not available
Within the U.S. (Plus™ and other Visa™ networks)*$3.00 each2 CIBC US$ Personal Account - Not available
Outside Canada and the U.S. (Plus™ and other Visa™ networks)*

$5.00 each2 CIBC US$ Personal Account - Not available

Disclaimers

1 Interim statements and statement reprints are not available for paperless customers. For customers with Braille or Large Print statements, the cost of an interim statement is $4.50 and the cost for a statement reprint is $5.

2 In addition to transaction withdrawal fee, if applicable. Some bank machines may levy additional surcharges. Also, if you withdraw foreign currency from a bank machine located outside of Canada, 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 fee applicable to the withdrawal and the fee 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.

 
 
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Services

Fees

Bank drafts and money orders

$7.50* CDN, for Canadian, U.S., or foreign bank drafts and money orders

Certified Cheques

  • $10.00 CDN or US*, when requested by a payor (cheque issuer) - Canadian or U.S. currency
  • $15.00 CDN or US, when requested by a payee (cheque recipient) - Canadian or U.S. currency

Debit Purchases (and returns/credits) Outside Canada and Withdrawals at Financial Institutions Outside Canada made with a CIBC Advantage Debit Card™
  • In U.S. or other Foreign currency

  • Additional 2.5% administration fee1

Request for replacement of bank draft or money order

  • No fee if drawn in Canadian currency
  • $25.00 if drawn in U.S. currency or other foreign currency

Note: Some conditions apply. Please ask a CIBC advisor for details.

Account History

Free on all accounts

Receiving INTERAC e-TransferTM2

Free on all accounts

CIBC US$ Personal Account and CIBC 60 Plus Advantage with a US$ Personal Account - Not available

Counter cheques

When you write a cheque that is not MICR-encoded for your account

  • Canadian Currency - $5.00*
  • U.S. Currency - 0.05% of face value ($5.00 U.S. min - $100.00 U.S. max)*

Online cheque viewing

$1.50 per item viewed online (free for accounts with paperless record keeping option)

Personalized cheques

Fees vary depending on style and quantity*

Dishonoured (NSF) cheque or pre-authorized payment

$45.00 each*


Retrieval of cheque or other item

$5.00 per item

Note: Certified cheques and debit memos are not returned.

Copy of statement

$5.00 per statement

Stop payments

  • Cheques/pre-authorized payments - full details provided - $12.50 per request
  • Cheques/pre-authorized payments - full details not provided - $20.00 per request
  • INTERAC e-Transfer - $3.50 CDN each

Wire payments

Outgoing wire payments

  • $10,000 or less - $30.00 per payment2
  • $10,000.01 to $50,000 - $50.00 per payment2
  • Greater than $50,000 - $80.00 per payment2

Note: 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.

Incoming wire payments

  • Canadian and U.S. currency - $15.00 per payment2 (charged in the same currency as the incoming payment and deducted from the incoming payment amount)
  • Other currencies - $15.00 CDN per payment2 (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)

Disclaimer

* In addition to transaction fee (if applicable).

1 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 fee noted. 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.

2 Correspondent bank may levy additional charges.

TM2 Trademark of INTERAC Inc.; CIBC authorized user of mark.

 
 
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Services

Fees

Account closing at your request (within 90 days of opening)

$20.00 per account (free if funds are transferred to another CIBC-branded2 product)

Account transfer to other financial institution

  • $19.50 per bank account (by means of Balance of Account form)
  • $100.00 per transfer from RRSP/RRIF/LIF Daily Interest Savings Account
  • $100.00 per transfer from CIBC TFSA Tax Advantage Savings Account

Search for accounts

  • Accounts of deceased or incapacitated persons - $6.50 per name per branch (minimum $22.00 plus applicable taxes)
  • Letter to confirm account balance, interest, etc., if required - $16.50 per account (plus applicable taxes)

Travellers Cheques purchasing commission

  • Regular Travellers Cheques - 1%*
  • With CIBC PremierService Account - Commission-free
  • With CIBC 60 Plus Advantage - Commission-free*
  • Cheques for Two - 1.75%*
  • With CIBC PremierService Account - 0.75%
  • With CIBC 60 Plus Advantage - 0.75%*

Note: Subject to availability

Cashing Travellers Cheques

  • American Express Travellers Cheques - Fee waived
  • All others - $3.00 per transaction

Gift cheques

3%* with American Express gift cheques (subject to availability)

Collection Items

Outgoing CDN dollar item within Canada

  • Up to $5,000 - $15 each
  • Over $5,000 - 3/20 of 1% of the item amount (minimum of $25.00 each)

Outgoing CDN dollar item outside of Canada

  • 1/5 of 1% of the item amount (minimum of $30.00 each and maximum of $150.00 each)

Outgoing U.S. and foreign currency item inside or outside of Canada

  • 1/5 of 1% of the item amount (minimum of $30.00 each and maximum of $150.00 each)

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.

Note: Other financial institutions may levy additional charges on outgoing items.

Additional out of pocket expenses may apply.

Cheques written in currencies other than the account currency

$20.00* per cheque


Disclaimers

* In addition to transaction fee (if applicable).

1 Correspondent bank may levy additional charges.

2 CIBC-branded means any brand that has CIBC in its name. For example CIBC Wood Gundy is CIBC-branded however President's Choice Financial is not CIBC-branded.

 
 
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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 paid in advance. All fees in Canadian dollars except where otherwise noted.

Box Size

Annual rental fee for safety deposit box plus
applicable taxes

1 ½" x 5" x 24"

$50.00

2 ½" x 5" x 24"

$65.00

3 ¼" x 5" x 24"

$65.00

2 ½" x 10 3/8" x 24" or 5" x 5" x 24"

$125.00

5" x 10 3/8" x 24"

$250.00

10" x 10 3/8" x 24"

$300.00

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 terms. All fees in Canadian dollars except where otherwise noted.

Replacement services

Replacement of lost keys†

$15.00 per key

Drilling of box and replacement of lost keys†

$100.00

†Plus applicable taxes

 
 
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An interest-bearing account is considered dormant if you have not initiated any transactions for a 12-month period. A non-interest bearing account, including the CIBC Everyday Chequing Account and the CIBC Unlimited Chequing Account, is considered dormant if you have not initiated any transactions for a 6-month period. Dormant accounts that receive a monthly statement will automatically be switched to quarterly statements.

To activate a dormant (inactive) account, see Frequently Asked Questions

Status

Fee*

Dormant for 2,3 or 4 years

$20.00

Dormant for 5,6,7 or 8 years

$30.00

Dormant for 9 years

$40.00

*Or the account balance, whichever is less.

Note: Fees for U.S. dollar accounts are charged in U.S. dollars.

After 10 years, if your account remains dormant, your balance is transferred to the Bank of Canada.

To activate a dormant account, you can:

  • Make a deposit, withdrawal, transfer or bill payment at any CIBC branch or CIBC bank machine
  • Make a withdrawal at any other bank machine displaying the INTERAC or Plus logo
  • Make a debit purchase
 
 
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Services to non-CIBC bank account customers

In-branch bill payments - $3.00 per bill

If a branch chooses to negotiate a CIBC cheque from a non-CIBC bank account customer - $5.00 each

Note: Fees do not apply to payment of Government of Canada remittances or cashing of Government of Canada cheques.

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 upon conversion.

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. For customers with paperless record keeping option, CIBC may, at its option, provide you with notice in writing (which may be provided by electronic means, including posting a notice on Online Banking) at least 30 days before the change is effective, or by posting a notice at CIBC branches 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 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 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.

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 CIBC Online Banking® until two business days after the end of the interest period. Interest rates quoted are annual and are subject to change without prior notice and are displayed on in-branch interest rate sheets.

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.

Digital or electronic representations of cheques and other instruments, or the relevant information from the cheque or instrument, may be made or captured and used by financial institutions involved in the exchange and clearing of payments in Canada and elsewhere, in which case the original paper item may be destroyed and not returned to you. CIBC is entitled to act upon such a representation or information for all purposes as if it were the original paper item. CIBC and other financial institutions may reject any cheque or other instrument that does not comply in all respects with all applicable by-laws, regulations, rules and standards of CIBC and the Canadian Payments Association.