1 If approved, your account will be a temporary, no fee CIBC Smart Account, with restrictions for access and use. You have 12 months from the date your temporary account is opened to visit a CIBC Banking Centre in Canada and complete your CIBC Smart Arrival by transferring all funds in your temporary account to a new CIBC account. There are no fees for applying to CIBC Smart Arrival. However, there are fees applicable to the one time wire transfer to your temporary account, including an incoming wire payment fee. For more details, refer to the CIBC Smart Arrival Terms and Conditions (PDF, 170 KB) Opens in a new window. and the CIBC Personal Deposit Account Agreements and Disclosures (PDF, 1.5 MB) Opens in a new window.. Other banks may also charge a fee in connection with the one time wire transfer.
2 You will only be permitted to make a single wire transfer into your temporary account. All other transactions are prohibited. Wire transfer, processing, and foreign exchange fees will apply. For more details, refer to the CIBC Smart Arrival Terms and Conditions (PDF, 170 KB) Opens in a new window. and the CIBC Personal Deposit Account Agreements and Disclosures (PDF, 1.5 MB) Opens in a new window.. Other banks may also charge a fee in connection with the wire transfer.
3 You have 12 months from the date of opening the temporary account to visit a CIBC Banking Centre in Canada and complete your CIBC Smart Arrival by transferring all funds in your temporary account to a new CIBC account. The applicable fees on your new CIBC account will be disclosed to you at the time you open your new CIBC account. If, for any reason, your new CIBC account is not opened within 12 months, your temporary account will be automatically closed. Any funds in the temporary account will be returned to you via wire transfer to the same bank account that they originated from. Wire transfer, processing, and foreign exchange fees will apply. For more details, refer to the CIBC Smart Arrival Terms and Conditions (PDF, 170 KB) Opens in a new window. and the CIBC Personal Deposit Account Agreements and Disclosures (PDF, 1.5 MB) Opens in a new window.. Other banks may also charge a fee in connection with the wire transfer return. We suggest keeping your original bank account open to receive the returned funds.
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