The CIBC overdraft protection ensures a bank’s client against expenses in case there are not enough funds on his account.
The CIBC overdraft protection fees are:
- 5 CAD monthly servicing commission
- 5 CAD per business day for an active overdraft in case of a loss or an increase in the used overdraft
- but no 45 CAD commission is applied
To set up the CIBC overdraft protection you should:
- log in to the mobile app or online banking
- tap Menu
- choose Customer Services
- tap Apply for or change CIBC Overdraft Protection Service
- fill in the form
- You can also apply at the nearest branch or call 1-866-525-8622.