CIBC Not-for-Profit Operating Account
fees and details

Bill payments at a CIBC Banking Centre
No charge

Plus transaction fee, if applicable. CIBC Convenience Card® required.

Each deposit made with inaccurate or incomplete information through a CIBC ATM, Wallet Depository Service or Armoured Car Direct Pickup
$5.00

Fee for transfers between your accounts, in addition to any applicable withdrawal and, or, deposit charges that may apply
$0 self-service³

$5.00 full-service⁴

In Canada:

$2.00 each plus transaction fee, if applicable
Some ATMs may levy surcharges
 

In the U.S.:

$3.00 each plus transaction fee, if applicable, and a 2.5% administration fee
Some ATMs may levy surcharges
 

Outside Canada and the U.S. (Plus or Visa Network):

$5.00 each plus a 2.5% administration fee

You're 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 ATMs may levy surcharges.

Non-CIBC client withdrawals at CIBC ATMs

In Canada:

$3.50 each

When requested by a payor (cheque issuer)
$15

When requested by a payee (cheque recipient)
$20

Cheques vary in price depending on style and quantity. Talk to a CIBC business advisor for more information.

When a cheque is written in any currency different from that of the account
$20 plus transaction fee, if applicable

For cheques written on U.S. accounts, the fee will be $20 US.

For cheques written on foreign currency accounts (other than U.S. accounts), the fee will be converted to and charged in the same currency as the account using an exchange rate set by CIBC on a date determined by CIBC.

Monthly service fee
$39 per month, per account

Service charge when you don't use a cheque that's been MICR encoded for your Canadian dollar account
$5.00 plus transaction fee, if applicable

Service charge when you use a cheque that's not MICR encoded for your U.S. dollar account
0.05% of the cheque amount plus transaction fee, if applicable

(minimum charge $5.00 US, maximum $100 US)

A cheque you draw or a pre-authorized debit that's returned unpaid due to non-sufficient funds in your account
$45 plus transaction fee, if applicable

View images of items online via CIBC Online Banking, CIBC SmartBanking for Business, or CIBC Cash Management Online (CMO) Image Retrieval
No charge

CMO monthly maintenance fee applies

Available through CIBC Online Banking. You'll need the recipient’s email address to complete the transaction. Only a primary signing authority of a CIBC business account can send money via e-Transfer. e-Transfer isn't available to clients who were issued Convenience Cards prior to 2003.

Sending money via e-Transfer:

$1.50 each plus transaction fee, if applicable

For e-Transfers that exceed any quantities included in your account package

Receiving money via e-Transfer:

No charge plus transaction fee, if applicable

$5.00 per item
Copies of certified cheques aren't provided

A cheque you deposit that's returned unpaid
$7.00 each

Verification of balance only
$25

Providing additional information involving extra work
$40 per staff, per hour (minimum $40)

Cash orders supplied — per $1,000 of currency
$1.50

Coin orders supplied — per roll of coin
$0.16

$2.00 per payment, per filing

At a CIBC Banking Centre, by telephone⁷ or mail
$5.00

By CIBC ATM, Telephone or Online Banking
No charge

To transfer the account to another financial institution (via Balance of Account Transfer form)
$19.50

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 per month, per account

Canadian currency
$9.95 per item plus transaction fee, if applicable

U.S. currency
$9.95 CA per item plus transaction fee, if applicable

Foreign currency
$9.95 CA per item plus transaction fee, if applicable

Incoming collections:

CIBC will charge a fee to other financial institutions requesting collection of items drawn on CIBC accounts and will deduct the fee from the amount paid to the other financial institution.

Business accounts become dormant, or inactive, when there's been no customer-initiated activity for 6 months except for the CIBC Business Investment Growth Account, which becomes dormant after 12 months* of no client-initiated activity, and the CIBC AgriInvest Account, which becomes dormant after 18 months of no client-initiated activity. Exception also applies to the CIBC Business Interest Account^®.

For maintaining a dormant or inactive account for 2, 3 or 4 years
Lesser of $20 or account balance

For maintaining a dormant or inactive account for 5, 6, 7 or 8 years
Lesser of $30 or account balance

For maintaining a dormant or inactive account for 9 years
Lesser of $40 or account balance

After 10 years, if your account remains dormant, your Canadian account balances are transferred to the Bank of Canada.

Drawn in Canadian currency
No charge

Drawn in U.S. currency or other foreign currency
$25

Some conditions apply, talk to a CIBC business advisor for more information.