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.
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.