When you open a no fee bank account, you can feel confident knowing banking with us is convenient and easy.
Take a look:

At a Bank Machine

Enjoy unlimited, free access to more than 3,800 President’s Choice Financial^® and CIBC bank machines across the country. You can:

• Withdraw cash
• Deposit cash & cheques⁴
• Make bill payments and transfers
• Check account balances and more!

Find a Bank Machine

Online

By far, banking online is the easiest way to stay on top of your finances. Plus, it’s free! You can:

• Check account balances and transaction history
• Get online access to your monthly statement
• Pay bills now or arrange for bills to be paid on a future date
• Transfer funds and more!

By Telephone

With our self-serve telephone banking option, you can do all your banking from the comfort of your own home or from the other side of the world. You can:

• Check account balances and transaction history
• Register and pay bills, transfer funds, re-order cheques
• Check your PC points balance

⁴ Some CIBC bank machines are not capable of accepting deposits. Canadian dollar cheques may be held up to a maximum of 5 business days and cheques drawn on a foreign bank may be held up to a maximum of 60 business days.

You can earn PC points toward free groceries, Joe Fresh Style™ fashions, home furnishing and more. Look how easy it is:

Earn	How
5 PC points	Per $1 spent on your bank card at participating stores where President’s Choice® products are sold
10,000 PC points5	When you set-up direct deposit for your paycheque or pension to your no fee bank account
250 PC points per month	When you keep an average monthly balance of $1,000 to $4,999.99 in your no fee bank account
1,000 PC points per month	When you keep an average monthly balance of $5,000 or more in your no fee bank account

How to Redeem your PC Points

• You can begin redeeming once you have earned 20,000 PC points – that’s $20 in free groceries! Or redeem higher amounts in further increments of 10,000 PC points (which is equivalent to a further $10 in rewards).
• Just present your bank card at the check-out at participating stores where President’s Choice^® products are sold and tell the cashier that you’re redeeming your PC points

PC points program terms and conditions

⁵ PC points will be awarded within 4-8 weeks after your first deposit. Offer available to new and existing customers who are setting up payroll or pension deposit for the first time. Cannot be combined with any other offer. For details and form, ask your personal banking representative at an in-store pavilion.

Add Overdraft Protection when you open a no fee bank account and never worry about bouncing a cheque or being short on cash. Here’s what you need to know:

• Qualify for limits up to $5,000
• If you do use your overdraft, just bring your account balance above $0 at least once a month
• A minimum charge will apply when you use this service and a fixed interest rate will apply on overdraft balances
• The current annual interest rate on all overdraft balances is 19%

Direct Payroll Deposit

Have your employer deposit your paycheque directly into your account and you’ll have immediate access to your money. Plus, you’ll earn 10,000 PC points⁶ just for setting it up!

Automatic Bill Payments

Pay your bills on time simply by setting the amount of money you want debited from your account and then arrange for the payment to be automatically withdrawn.

Pre-authorized Bill Payments

Authorize billing companies to automatically debit the entire amount owed on your account whenever your bill is due to ensure timely payment.

Paying your PC^® MasterCard^®

When you open a no fee bank account, you can set up the PC MasterCard as a bill payment online or over the telephone.

Personal Finance Manager (PFM) Integration

If you use Quicken or Microsoft Money to manage your personal finances, you can easily download your account information into it for free.

Monthly Statements

View and print online versions of your account statements for any of the last 13 months. For a small charge each month your account statements can be mailed to you.

Here’s another great feature you’re sure to appreciate:

For a small charge you can use INTERAC^® e-Transfer to transfer funds between accounts, or send money to friends and family.

⁶ PC points will be awarded within 4-8 weeks after your first deposit. Offer available to new and existing customers who are setting up payroll or pension deposit for the first time. Cannot be combined with any other offer. For details and form, ask your personal banking representative at an in-store pavilion.

Beyond your day-to-day banking requirements, you may occasionally require special banking services. The cost of these special requests as well as any other additional charges are outlined below.

Special Requests	Cost
Send INTERAC® e-Transfer Stop INTERAC® e-Transfer	$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 additional card over and above that. (There is no charge to replace returned damaged cards.)
Money Orders & Bank Drafts – all currencies	$7.50 (A separate courier charge will apply if you request courier delivery.)
Notice of Caution: when money order or bank draft drawn in U.S. currency or another foreign currency is halted	$25.00
American Express® Travellers Cheques and foreign currency	Commission free (A courier charge will apply.)
Negotiate US/Foreign Currency Cheques	$7.50 for $1,000 or less $15.00 for over $1,000
Outgoing wire transfer	$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 $10.00 may apply to a transfer of funds to your account (please call to inquire.)
Inter-Branch Payments (IBPs): CIBC IBPs	$20.00 per payment ( Additional out-of-pocket expenses may apply.)
Transfer of RRSP or TFSA to another financial institution	$50.00 per transfer
Transfer of account other than RRSP or TFSA to another financial institution (by means of a Balance of Account form)	$19.50 per account
Retrieval of cheque images requested 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 (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 more than 90 days
Bill Payment trace/refund	$10.00 per payment trace/refund

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 ® network) 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 minimum charge. This charge will apply each month in which overdraft is used. Note that a fixed rate of 19% per annum will also apply on overdraft balances. Rate subject to change.
Not sufficient funds (NSF) charge (cheques, transfers, pre-authorized payments, post-dated bill payments)	$45.00
Chequing and savings accounts that have had no customer-inititated activity for 2 years or greater (up to 9 years)	$20.00 each year (Charge starting the first January after 2 years of inactivity.)

• Any additional charges relating to a specific product are disclosed separately.

• Please note that these special requests and additional charges may change from time to time. We will mail you a notice of the change at least 30 days before it is effective or otherwise advise you (such as posting a notice online) at least 60 days before a change becomes effective.

These costs are effective April 1, 2012