SAVINGS ACCOUNTS
The savings accounts offered by CIBC are:
As they provide such a low return, they are recommended for people who are saving for the long term, are very worried about losing part of their principal, or do not wish to monitor their investments.
As they provide such a low return, they are recommended for people who are saving for the long term, are very worried about losing part of their principal, or do not wish to monitor their investments.
CHEQUING ACCOUNTS
The chequing accounts offered by CIBC are:
To ensure that you aren't paying for unnecessary services, choose the account based on the number of debit transactions you think you'll make every month. Don't choose an account with unlimited debit transactions if you generally only make 5 or 6.
To ensure that you aren't paying for unnecessary services, choose the account based on the number of debit transactions you think you'll make every month. Don't choose an account with unlimited debit transactions if you generally only make 5 or 6.
FEES
Apart from recordkeeping and monthly fees, there are also numerous other fees to pay. However, the fees listed below must be paid only if you require the services associated with the fee.
Withdrawals Made at Non-CIBC ATMs
Withdrawals Made at Non-CIBC ATMs
- In Canada (Interac machine) - $1.50 each
- Requested by cheque issuer - $10.00 each
- Full details provided - $12.50 per request
- Incomplete details - $20.00 per request
- Using Interac eTransfer - $3.50 per request
- Within 90 days of opening - $20.00
- $5.00 for each day account is overdrawn
- Monthly fee of $4.00/month