Additional Service Fees

Personal Account Service Fees (571 KB)

Updates to Personal Bank Accounts, Services, Fees and Agreements (427 KB)

The following are fees and services that may not be included in the monthly account or transaction fees. All of these fees apply to personal accounts and, unless otherwise indicated, are applied in Canadian dollars except for U.S. dollar accounts where fees are charged in U.S. dollars.

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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

Copy of statement

5.00 for all accounts except:

CIBC US$ Personal Account - $5.00 U.S.

CIBC eAdvantage Savings Account - Not available1

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)

 
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Services

Fees

Withdrawals made at non-CIBC bank machines:

In Canada (INTERAC network)

$1.50 each2

Within the U.S. (Plus™ and other Visa™ networks)*

$3.00 each2 plus a 2.5% administration fee3

Outside Canada and the U.S. (Plus™ and other Visa™ networks)*

$5.00 each2 plus a 2.5% administration fee3

Interac e-Transfers

Sending an Interac e-Transfer

Receiving an Interac e-Transfer

  • $1.50*
  • Free4

Stop Payments

  • Cheques/Pre-Authorized Payments5 - Full Details Provided
  • Cheques/Pre-Authorized Payments5 – Full Details Not Provided
  • On Interac e-Transfer
  • $12.50 per request
  • $20.00 per request
  • $3.50 per request

Collection Items

Outgoing CDN dollar item within Canada

  • Up to $5,000
  • Over $5,000
  • $15.00 each
  • 3/20 of 1% of the item amount (minimum of $25.00 each)

Outgoing CDN dollar item outside of Canada


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

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 client

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

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

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

+ Additional out-of-pocket expenses may apply.

Dormant (inactive accounts)

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

Dormant for 2,3 or 4 years

$20.006

Dormant for 5,6,7 or 8 years

$30.006

Dormant for 9 years

$40.006

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; or
  • Deposit a cheque with your mobile device using CIBC eDeposit™; or
  • Make a withdrawal at any other bank machine displaying the Interac, Visa or Plus logo; or
  • Make a debit purchase
 
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Services

Fees

Bank Drafts and Money Orders

Canadian currency

$7.50*

U.S. currency

$7.50 CDN*

Foreign currency

$7.50 CDN*

Certified Cheques

When requested by a payor (cheque issuer) – Canadian or U.S. currency

$10.00 CDN or $10.00 U.S*

When requested by a payee (cheque recipient) – Canadian or U.S. currency

$15.00 CDN or $15.00 U.S.

Request for Replacement of Bank Draft or Money Order

Drawn in Canadian currency

No fee

Drawn in U.S. currency or other foreign currency

$25.00

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

Counter Cheques

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

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

Online cheque viewing

$1.50 per item viewed (free for accounts with paperless record-keeping option7, CIBC Everyday Chequing Accounts and CIBC Premium Growth Accounts)

Personalized cheques

Fees vary depending on style and quantity*

Retrieval of cheque or other item

$5.00 per item

Note: Certified cheques and debit memos are not returned

Wire Payments

Outgoing Wire Payments

$10,000 or less

$10,000.01 – $50,000

Greater than $50,000

$30.00 per payment8

$50.00 per payment8

$80.00 per payment8

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 payment8 (charged in the same currency as the incoming payment and deducted from the incoming payment amount)

Other currencies

* In addition to transaction fee (if applicable).

$15.00 CDN per payment8 (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)

Travellers Cheques Purchasing Commission

Regular Travellers Cheques

With CIBC PremierService Account

With CIBC 60 Plus Advantage

Cheques for Two

With CIBC PremierService Account

With CIBC 60 Plus Advantage

Note: Subject to availability.

1%*

Commission-free

Commission-free*

1.75%*

0.75%

0.75%*

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)

Cheques written in currencies other than the account currency

$20.00* per cheque

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.

 
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Services

Fees

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 fee3
 
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Services

Fees

Dishonoured (NSF) cheque or pre-authorized payment

$45.00 each*

 
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Services

Fees

Account Closing at Your Request

  • Account closed within 90 days of opening

$20.00 per account (free if funds are transferred to another CIBC-branded9product)Fees

Account Transfer to Other Financial Institution

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

Fees

Box Size

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.

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 six 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(plus applicable taxes)

$15.00 per key

Drilling of box and replacement of lost keys (plus applicable taxes)

$100.00

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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.

2In addition to transaction fee, if applicable to account. Some bank machines may levy additional surcharges.

3You 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.

* In addition to transaction fee (if applicable).

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

4 CIBC levies no fee to receive an Interac e-Transfer into a CIBC Canadian dollar personal account; however, if the account is not at CIBC, the recipient may be levied a fee by his/her own financial institution or by the provider of the Interac e-Transfer service.

5Excludes stop payments on pre-authorized debits/recurring payments set up using CIBC Advantage Debit Card details. To stop payment on these, you need to contact the merchant/biller/payee directly to instruct them to discontinue applying charges to your account(s) through your CIBC Advantage Debit Card. If you are unsuccessful in resolving the issue, CIBC may be able to work with Visa to request a refund for you.

6 Or the account balance, whichever is less.

7 “Paperless” record-keeping is a paper-free alternative to printed statements. This option enables clients to track account activity online or by phone or CIBC bank machine. Please note, no printed statements will be sent to clients selecting this option. Clients must review their account transactions through CIBC Online Banking, CIBC Mobile Banking, CIBC Telephone Banking or CIBC bank machines at least once every 30 days and examine all entries and balances at that time. If there are any errors, omissions or irregularities, clients must notify CIBC in writing within 60 days after the date on which the entry was, or should have been, posted to the account. Banking activity that occurred prior to Online Banking registration will not be available in the Online or Mobile Banking transaction history.

8 Correspondent bank may levy additional charges

9“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.

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.