Dollar Current Account.ġ0 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. This service is only available to clients with a CIBC U.S. Dollar Current Account cheques payable by CIBC through its clearing agent to U.S. Some ATMs may levy additional surcharges.ĩ CIBC U.S. If no statement is produced, the printed statement fee will not apply.Ĩ This means ATMs not displaying the CIBC name or logo. Included with CMO monthly Maintenance fee.Ħ If there is no account activity, a statement may not be produced. To view eStatements on SmartBanking or CMO, you must be registered for the platform, entitled to one or more business accounts and entitled to eStatements. To view eStatements on CIBC Online Banking, you must be a Signatory or Co-Signatory and registered for CIBC Online Banking. eStatements are available once a month at month end on CIBC Online Banking or based on your preferred statement cycle on CIBC SmartBanking for Business (SmartBanking) or CIBC Cash Management Online (CMO). Additional charges may apply including, without limitation, Interac e-Transfer, “Items Deposited” and “Currency Supplied” fees where applicable.ģ Self-service refers to cheques written as well as transactions performed through an ATM, Point of Sale terminal, ABM-Wallet Combo Depository Service, CIBC Telephone Banking Automated Service, CIBC Business Contact Centre Automated Service, CIBC Online Banking, SmartBanking ® for Business (SmartBanking), CMO, CIBC eDeposit for cash, or CIBC eDeposit for cheques.Ĥ Full-service refers to transactions performed in a CIBC Banking Centre, through a CIBC Telephone Banking representative, through a CIBC Business Contact Centre representative, or through the regular Wallet Depository Service.ĥ eStatements are available for Canadian and U.S. Credits include, without limitation, deposits, pre-authorized payments, bill payments, Interac Direct Payments, Interac e-Transfer payments, and direct deposits and transfers from other accounts (except transfers from CIBC business accounts). Debits include, without limitation, withdrawals, cheques, pre-authorized payments, bill payments, Interac Direct Payments, Interac e-Transfer payments, direct deposits and transfers to other accounts. To learn more, refer to pages 6 to 12 in Business Account Service Fees (PDF, 995 KB) Opens in a new window.Ģ Transactions include any debits and credits to your account (excluding CIBC interest credits and fee debits). Other fees may apply to the operation of your account. You agree that any claims CIBC may have against you, and any service or other charges related to your account, can be deducted from your account in the same currency as the account 12.ġ Monthly fee applies even if there is no account activity. If a foreign currency instrument previously deposited and converted to the currency of your account is returned to CIBC unpaid for any reason, you agree an amount equal to the foreign currency instrument will be converted to the currency of your account based on a foreign exchange sell rate determined by CIBC on a date determined by CIBC and the converted amount will be charged back to your account.ĬIBC is not responsible for any losses you may incur due to changes in foreign currency exchange rates or the unavailability of funds due to foreign currency restrictions. The foreign currency will be converted to the currency of your account at the exchange rate determined by CIBC on a date determined by CIBC, which may be different from the date you performed the transaction. CIBC may, in its discretion, permit transactions in a currency different from that of your account.
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