CIBC US$ Personal Chequing Account
The CIBC US$ Personal Chequing Account is designed for individuals who frequently deal with U.S. currency transactions, offering convenience and flexibility for managing finances in U.S. dollars.
Key Features:
- No monthly fee with a minimum balance of $2,000 USD or more.
- Access to U.S. dollar drafts and wire transfers.
- Free unlimited U.S. dollar transactions.
- Access to CIBC’s U.S. ATMs and partner networks in the United States.
- Option to receive electronic statements for easy account management.
- 24/7 customer service support.
Additional Details:
The CIBC US$ Personal Chequing Account provides individuals with the flexibility to manage their U.S. dollar transactions efficiently without incurring monthly fees when maintaining a minimum balance. It is ideal for frequent travelers, cross-border shoppers, and individuals with financial commitments in U.S. currency.
FAQs
Who is eligible to apply for the CIBC US$ Personal 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 $2,000 USD in your CIBC US$ Personal Chequing Account.
Are there fees for U.S. dollar transactions?
No, the account offers free unlimited U.S. dollar transactions, including drafts, wire transfers, and ATM withdrawals within CIBC’s network and partner ATMs in the United States.
Can I access my account online?
Yes, you can manage your CIBC US$ Personal Chequing Account online through CIBC Online Banking or the CIBC mobile banking app, providing convenient access to your account information and transactions.
Is there overdraft protection available with the US$ Personal Chequing Account?
Yes, CIBC offers overdraft protection options with the US$ Personal Chequing Account. You can apply for overdraft protection to cover transactions that exceed your available balance and avoid overdraft fees.
