CIBC Everyday Chequing Account
The CIBC Everyday Chequing Account is designed for individuals seeking a flexible banking solution with essential features to manage their day-to-day financial needs efficiently.
Key Features:
- No monthly fee with a minimum balance of $2,000 or more.
- Up to 12 transactions per month including withdrawals, transfers, and bill payments.
- Access to a network of CIBC ATMs across Canada.
- Option to receive eStatements for convenient account management.
- 24/7 customer service support.
Additional Details:
The CIBC Everyday Chequing Account offers flexibility with the option to avoid monthly fees by maintaining a minimum balance. It is suitable for individuals who prefer basic banking services with a limited number of transactions.
FAQs
Who is eligible to apply for the CIBC Everyday Chequing Account?
Any individual who meets CIBC’s account opening criteria can apply for this account. Applicants typically need to provide identification and meet the age requirements.
What is the minimum balance required to avoid the monthly fee?
To waive the monthly fee, you must maintain a minimum balance of $2,000 in your CIBC Everyday Chequing Account.
Are there transaction limits on this account?
Yes, the account allows up to 12 transactions per month, including withdrawals, transfers, and bill payments. Additional transactions may incur fees.
Can I access my account online?
Yes, you can manage your CIBC Everyday Chequing Account online through CIBC Online Banking or the CIBC mobile banking app, providing convenient access to your account information and transactions.
Is overdraft protection available with the Everyday Chequing Account?
Yes, CIBC offers overdraft protection options with the Everyday Chequing Account. You can apply for overdraft protection to cover transactions that exceed your available balance and avoid overdraft fees.
