CIBC enhances Newcomer offer by introducing new banking package for Newcomers
to Canada

    
    'CIBC Newcomer to Canada Plan' includes free everyday banking for one
    year, simplified mortgage approval, and cash back on new safety deposit
    box
    

TORONTO, Sept. 25 /CNW/ - To help newcomers to Canada establish their first Canadian banking relationship, CIBC has introduced an all-in-one banking solution called the CIBC Newcomer to Canada Plan.

Newcomers to Canada can now get on the right financial path with one of the most comprehensive and convenient banking packages in Canada that makes access to banking services easy. The 'CIBC Newcomer to Canada Plan' addresses the most pressing needs newcomers have when arriving in Canada: establishing their credit rating, keeping funds and valuables safe, and setting up easy access to their money.

"Moving to a new country and establishing new roots can be overwhelming so choosing the right bank in Canada shouldn't be," said Christina Kramer, CIBC's Executive Vice-President of Retail Markets. "That is why we are pleased to introduce this enhanced offer to help new Canadians feel good about their banking as soon as they arrive here."

Available to qualifying newcomers, the CIBC Newcomer to Canada Plan consists of:

    
    -  Free day-to-day banking for one year. By opening a CIBC Everyday
       Chequing Account, newcomers will not pay monthly fees nor fees on
       their transactions, such as withdrawals at CIBC branches and bank
       machines, writing cheques, paying bills and pre-authorized payments;
    -  Up to $45 cash back on a new Safety Deposit Box when a customer has a
       CIBC chequing account; and
    -  Streamlined mortgage approval process and low down payment options.
    

In addition, newcomers can take advantage of other offers available to all eligible CIBC clients, such as high interest rates with a CIBC Bonus Savings Account; and up to 1% cash back on purchases made with the no-annual fee CIBC Dividend VISA Card.

"At CIBC, we understand the challenges that newcomers face. The CIBC Newcomer to Canada Plan smoothes the transition to Canada by making banking simple with one package of products that provides straightforward choices as they get established here."

In addition to great product solutions for new Canadians, CIBC offers a number of other useful tools and resources for newcomers including the CIBC Welcome to Canada website which provides advice and helpful links. CIBC also takes pride in the diversity of its employee base and strives to ensure that its employees are representative of our clients and their communities. CIBC branches across the country offer services in dozens of languages which reflect the communities they are located in, including Cantonese, Mandarin, Punjabi, Tamil, Farsi, and Hindi among many others.

CIBC offers newcomers flexibility, access and choice at its 1,063 branches, one of the largest branch networks in Canada. In addition to CIBC's convenient hours, including evening, Saturday and Sunday hours at select locations, CIBC clients also benefit from access to more than 3,800 automated bank machines, 24/7 service over the phone and on Canada's leading online banking site, www.cibc.com.

CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. You can find other news releases and information about CIBC in our Press Centre on our corporate website at www.cibc.com.

SOURCE CIBC

For further information: For further information: Doug Maybee, Director, External Communications and Media Relations, CIBC, Tel: (416) 980-7458, doug.maybee@cibc.com


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