Question

Note: Compare 3 different specialty accounts from CIBC bank

Account 1 name -
Account 2 name -
Account 3 name -

To be answered for each specialty account.


Monthly Fee ($)

Account 1-
Account 2-
Account 3-


Are the fees waived? If yes, explain.


What types of transactions are included and how many?
Note: debits-withdrawals
credits - deposits

Account 1-

Account 2-

Account 3-


Are there additional fees? If yes, explain and include their cost.

Account 1-

Account 2-

Account 3-


Are there any special features of this account (such as cheques included, bill payments, internet/phone services, etc.)?

Account 1-

Account 2-

Account 3-

Answer 1

Explanation:

Account 1 name - CIBC Smart Account

Account 2 name - CIBC Everyday Chequing Account

Account 3 name - CIBC US$ Personal Account

Monthly Fee ($)

Account 1- $4.95 to $14.95 per month, depending on the account balance and number of transactions

Account 2- $3.90 to $14.95 per month, depending on the account balance and number of transactions

Account 3- $0 for a minimum balance of US$3,000, otherwise $4.95 per month