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

Record-keeping
eStatements5   no charge
Printed statement6   $3.00 each
Printed statements provided in excess of one per month or non-month end statements   $5.00 each*
Statement reprint   $5.00 each*
Interim statement   $4.50 each*
* In addition to Printed statement fee.
 
Balance inquiries
For each request in-branch, by telephone2 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   $0.22
Cash deposited – bills (per $1,000)   $2.25
Coin deposited (per $100)   $2.25
° In addition to transaction fee, if applicable.
 
Deposit error adjustment
Deposits made with inaccurate or incomplete information, through an ABM, Wallet Depository Service or Armoured Car Direct Pickup   $5.00
 
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 machines3
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.

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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.
 
Cross-Border Cheque Clearing1
Monthly service fee   $39.00/month per account
 
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   $45.00
° In addition to transaction fee, if applicable.
 
Online cheque viewing
View images of items online via CIBC Online Banking or CIBC Cash Management Online™ (CMO)* Image Retrieval   no charge*
* CMO monthly Maintenance fee applies.
 
INTERAC e-TransferTM1 (ET)
Available through CIBC Online Banking. You will need the recipient's e-mail address to complete the transaction.
Sending an INTERAC e-Transfer   $1.50
Receiving an INTERAC e-Transfer   no charge
Note: Only a primary signing authority of a CIBC business account can send an ET. ET is not available to clients who were issued Convenience Cards prior to 2003.
 
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

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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.
* Credit report fees apply to: a request for a credit report on your account, whether made by you or by another party with your consent; and your request that CIBC obtain a report on another party's account at CIBC or another institution.
 
Currency supplied
Cash orders supplied - per $1,000 of currency   $1.50
Cash orders supplied - per roll of coin   $0.16
 
Government Payment and Filing Service
Government Payment and Filing Service   $2.00 per payment/ filing
 
Item inquiries
For each item request or transaction listing
In branch, by telephone2 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
Designed for business customers who deposit large amounts of cash, coin, or cheques and/or have business needs which may include banking outside regular banking hours.   $2.50/month per account
 

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Other Services


Accounts closed within 90 days of being opened
Funds not transferred to another CIBC deposit instrument or account   $20.00
 
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 the item amount
(minimum $25.00 each+)
Outgoing CDN dollar item outside of Canada*   0.20% 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 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 Fee4
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.
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.

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Products and their features may change at any time. Get complete information about fees here (210 KB).

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u Visa Int./Lic. User

1 CIBC U.S. Dollar Current Account cheques payable by CIBC through its clearing agent to U.S. payees. This service is only available to clients with a CIBC U.S. Dollar Current Account.

2 Other than CIBC Telephone Banking.

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

4 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.

5 eStatements are available for Canadian and U.S. dollar CIBC business accounts. You must be a Signatory or Co-Signatory and registered for CIBC Online Banking to view eStatements.

6 If there is no account activity, a statement may not be produced.