On occasion, you may require special banking services. The cost of these special requests, as well as any other additional charges, can be found here:This table lists the cost of special requests
|Send Interac e-Transfer™
Stop Interac e-Transfer™
|Stop Payments Requests:
|Bank Card Replacement:||One free card replacement per year and $4.97 for each card over and above that.
Note: there is no charge to replace returned damaged cards.
|Money Orders and Bank Drafts − all currencies:||$7.50
(A courier charge will apply if you request courier delivery)
|Notice of Caution
|Negotiate US/Foreign Currency Cheques. Cheques written in U.S. Currency, Cheques written in Foreign Currency||$1,000 or less - $7.50
Over $1,000 - $15.00
||$10,000 or less: $30.00 per payment
$10,000.01 - $50,000: $50.00 per payment
Greater than $50,000: $80.00 per payment
|Wire Transfer from another Financial Institution:||Cost of $10 may apply for you to receive funds into your account (please call to inquire).|
||$20.00 per payment
Note: additional out-of-pocket expenses may apply (drafts)
|Transfer of RRSP, TFSA or GIC to another Financial Institution:||$50.00 per transfer|
|Transfer of Account other than TFSA or RRSP to another Financial Institution (by means of a Balance of Account form):||$19.50 per account|
|Retrieval of Cheque Images through Telephone Banking:||$5.00 per item|
|Request Current or Future Paper Statements for the no fee bank account:||$1.00 per statement, per month|
|Retrieval of Past Statements:||$5.00 per statement|
|Customized Account Confirmation Letters as Requested:||$16.50 per letter|
|Client Initiated Automated Banking Machine and Point of Sale Investigations:||$10.00 per investigation
Note: there is no charge to initiate investigation of unauthorized transactions. However, a charge may apply if we determine that the transaction resulted from customer error.
|Voucher Search Fee (excludes electronic cheque presentment):||$5.00 for 90 days or less
$15.00 for over 90 days
|Bill Payment Trace/Refund:||$10.00 per payment trace/refund|
This table lists the cost of additional items to special requests.
|Dishonoured Cheque Deposit Fee:
a cheque that is deposited into your President's Choice Financial account and subsequently returned dishonoured by the drawing bank.
|Withdrawals through bank machines not displaying the President's Choice Financial or CIBC name or logo:
* Some bank machines may levy additional surcharges
|Foreign currency withdrawals through bank machines outside Canada:
Same conversion rate we are required to pay; and
2.5% of the converted amount
|Overdraft Protection:||$4.97 charge
This charge will apply only each month in which overdraft is used. Note that a fixed interest rate of 19% per annum will also apply to any overdraft balances.
Rate subject to change.
|Not Sufficient Funds (NSF) Charge (i.e. cheques, transfers, pre-authorized payments, post-dated bill payments):||$45.00|
|Inactive or Dormant chequing and savings accounts that have been inactive/dormant for 2 years or greater (up to 9 years):||$20.00 each year
(charged starting the first January after 2 years of inactivity)
These costs are effective April 1, 2012