Special Requests

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
Special Requests Costs
Send Interac e-Transferâ„¢

Stop Interac e-Transferâ„¢
$1.50

$3.50
Stop Payments Requests:
  • When full details are provided (date, payee, cheque no., and amount
  • When full details are not provided

$10.00



$16.50
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
  • When a money order or bank draft drawn on a foreign currency is stopped.
$25.00
American Express® Travellers Cheques and Foreign Currency: Commission free, however a courier charge will apply.
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
Wire Transfers:
  • *Outgoing Wire Transfers
$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).
Inter-Branch Payments:
  • CIBC IBPs
$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.



Additional Items Cost
Dishonoured Cheque Deposit Fee:
a cheque that is deposited into your President's Choice Financial account and subsequently returned dishonoured by the drawing bank.
$7.50
Withdrawals through bank machines not displaying the President's Choice Financial or CIBC name or logo:
  • In Canada
    (Interac® networks)
  • Outside Canada
    (foreign ABM charge)



$1.50*


$3.00*

* Some bank machines may levy additional surcharges
Foreign currency withdrawals through bank machines outside Canada:
  • Foreign exchange rate; and
  • Administrative fee


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