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.


Everyday Transactions

Record-keeping

eStatements5 delivered through:

  • CIBC Online Banking®
  • CIBC Cash Management Online® (CMO)

no charge

Included with CMO monthly maintenance fee

Printed statement6

$3.50 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*


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)

$3.00▼


Items deposited°

Each cheque deposited                                  

$0.22

Cash deposited - bills (per $1,000)

  • $2.25 self-service 7
  • $2.50 full-service 8
Coin deposited (per $100)
  • $2.25 self-service 7
  • $2.50 full-service 8


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

Fee for transfers between your accounts, in addition to any applicable withdrawal and/or deposit charges that may apply.

  • $0.00 self-service7
  • $5.00 full-service8


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.
(Plus* or Visa* Network)

$5.00* each plus a 2.5% administration fee


Cheque Transactions

Cheque certification

When requested by a payor (cheque issuer)                       

$15.00

When requested by a payee (cheque recipient)

$20.00


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

$20.00
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.


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


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


Online cheque viewing

View images of items online via CIBC Online Banking or CIBC Cash Management Online® (CMO)* Image Retrieval

no charge*


INTERAC e-Transfer® (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


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


Business Services

Bank confirmation (audit verifications)

Verification of balance only

$25.00

Providing additional information involving extra work

$40.00/staff/hour


Credit reports*

Enquiry within Canada

  • Verbal
  • Rushed Verbal (same day)
  • Written
  • Verbal and Written

 

 

  • $20.00 per report
  • $25.00 per report
  • $25.00 per report
  • $30.00 per report

Enquiry outside of Canada

  • Verbal or Written

 

$30.00 per report


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 Servic

Per payment/ filing

$2.00


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


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


Collection Items

Outgoing CDN dollar item within Canada*

  • Up to $5,000
  • Over $5,000

 

  • $15.00 each
  • 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+)


Dormant (Inactive) Account Fee4

Business accounts become dormant (inactive) when there has been no customer initiated activity for 6 months with the exception of the CIBC Business Investment Growth 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 

$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
 

  • 1 1/2" x 5" x 24"
  • 2 1/2" x 5" x 24"
  • 3 1/4" x 5" x 24"
  • 5" x 5" x 24"
  • 2 1/2" x 10 3/8" x 24"
  • 5" x 10 3/8" x 24"
  • 10" x 10 3/8" x 24"

Price/year
 

  • $55.00
  • $75.00
  • $80.00
  • $135.00
  • $150.00
  • $300.00
  • $350.00

 

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 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
  • Drilling of box and replacement of lost keys

 

$15.00 per key
$100.00

Fees will be charged in Canadian currency. Plus applicable taxes.

Searches for Accounts

Search for accounts of deceased or incapacitated persons

$6.50/name per branch (Minimum $22.00; Plus applicable taxes)

Letter to confirm account balance, interest, etc., if required  

$16.50/account (Plus applicable taxes)


Wire Payments and Inter-Branch Payments

Outgoing Wire Payments

  • $10,000 or less
  • $10,000.01 - $50,000 
  • Greater than $50,000 

 

  • $30.00 per payment
  • $50.00 per payment
  • $80.00 per payment

Incoming Wire Payments

  • Canadian and U.S. currency
  • Other currencies

Wire Payment Investigation

  • Recall
  • Trace
  • Amend *

 

  • $15.00 per payment
  • $15.00 CDN per payment

 

  • $35.00 per investigation
  • $35.00 per investigation
  • $35.00 per investigation

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.

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
  • Over $10,000.01 to $25,000
  • Over $25,000.01 to $100,000
  • Over $100,000

 

  • $15.00 per payment
  • $30.00 per payment
  • $60.00 per payment
  • $100.00 per payment

Need more information?

Contact a CIBC representative or visit a CIBC branch near you.

1-800-465-2422 toll free.