† CIBC Prime means the variable interest rate determined by CIBC from time to time to be the CIBC Prime rate for Canadian dollar lending products. CIBC Prime rate may change without notice. Your interest rate will vary whenever CIBC Prime rate varies and/or whenever we change your variable interest rate in our sole discretion. CIBC Prime rate is RDS%rate[1].PRIME.Published(null,null,null,null)(#O2#)%] on RDS%SYSTEM_DATE(#M# #d#, #Y#)%. Refer to the current CIBC Prime Rate.
1 Approval is subject to applicants meeting CIBC’s normal lending criteria. Credit limit is determined by CIBC, in its sole discretion. Part-time students are eligible for reduced credit limits determined by CIBC. Qualified guarantor may be required.
Ongoing access to the Professional Edge® Student Personal Line of Credit and monthly fee rebate on the CIBC Smart™ Plus Account is subject to annual proof of enrolment, among other things as determined by CIBC in its sole discretion.
2 Continue to pay interest only on the Professional Edge Student Personal Line of Credit, up to 24 months after graduation from an accredited Canadian medical, dental or optometry school, or up to 12 months after graduation, residency or articling from other qualified CIBC Professional Edge studies.
If you leave your program without graduating, your CIBC Professional Edge Student Line of Credit will automatically convert to a CIBC Personal Loan with set principal and interest payments. Additional conditions and restrictions apply. Products and their features may change at any time.
3 A transaction includes cheques, withdrawals, transfers, pre-authorized payments, bill payments (including CIBC credit cards and CIBC personal lines of credit) and debit purchases. For CIBC eAdvantage Savings Accounts, a transaction doesn’t include transfers to your other CIBC bank account(s) using the transfer function on CIBC Online Banking®, the CIBC Mobile Banking® App, CIBC Telephone Banking and at CIBC ATMs. For all accounts, transfers to CIBC-branded loans (excluding CIBC Personal Lines of Credit), mortgages and investments (registered and non-registered) are free. "CIBC-branded” means any brand that has CIBC in its name and is offered by CIBC or its Canadian affiliates (and doesn’t include CIBC Bank USA). Other fees (in addition to any transaction fee) include: withdrawals from non-CIBC bank machines (rebated for CIBC Smart Plus Accounts except the 2.5% administration fee on the converted amount of foreign currency ATM withdrawals), wire payments, Interac e-Transfer transactions (the Interac e-Transfer fee is waived for CIBC Smart Accounts, CIBC Smart Plus Accounts and for clients who are enrolled in CIBC Advantage for Youth, CIBC Smart for Students, CIBC Smart for Seniors (on the CIBC Smart Account) and CIBC Advantage for Students (on the CIBC Everyday Chequing Account)) and transactions in foreign currency (including cheques written in currencies other than the account currency).
4 The additional $1.50 service fee is waived for sending Interac e-Transfer transactions. Maximum dollar amount applies for Interac e-Transfer transactions. For details, review the CIBC Interac e-Transfer Terms and Conditions (PDF, 285 KB) Opens a new window in your browser..
5 Fees charged by other financial institutions or third parties for using their ATMs, and the 2.5% administration fee on the converted amount for foreign currency ATM withdrawals aren’t included in this feature and will be charged to your account. ATM withdrawal amounts may be limited to a maximum dollar withdrawal amount.
6 Excludes stop payments on pre-authorized debits and recurring payments set up using CIBC Advantage Card details. To stop payment on these, you need to contact the merchant, biller or payee directly to instruct them to discontinue applying charges to your account(s) through your CIBC Advantage Card. If you’re unsuccessful in resolving the issue, CIBC may be able to work with Visa to request a refund for you.
7 Eligibility is limited to students in the following programs: medical, dental, law, optometry, pharmacy and veterinary studies. Visit www.cibc.com for additional information regarding eligible cards.
8 At CIBC Imperial Service, investment advice and services are provided by CIBC Imperial Investor Service (“IIS”) division of CIBC Investor Service Inc. (“ISI”) or by CIBC Securities Inc. (“SI”), and in Quebec by SI. ISI is a subsidiary of CIBC, Member of the Investment Industry Regulatory Organization of Canada. SI is a subsidiary of CIBC and member of the Mutual Fund Dealers Association of Canada. CIBC provides student credit products.
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