Cibc uLOC and CC without chequing or savings account?
Anyone have cibc unsecured LOC and CC without chequing or savings account?
I don't use the chequing and don't want to keep 4k in it to waive the monthly fee with high GIC rates available. Called customer service to close my chequing and they've never heard of it. Have to make an appointment to speak with an advisor with is 2 weeks out so was hoping to see if anyone else has experience.
There's a thread of people using LOC with positive balance as chequing account but it's pretty dead discussion.
banks-loc-account-can-best-used-free-ch ... t-1463101/
I don't use the chequing and don't want to keep 4k in it to waive the monthly fee with high GIC rates available. Called customer service to close my chequing and they've never heard of it. Have to make an appointment to speak with an advisor with is 2 weeks out so was hoping to see if anyone else has experience.
There's a thread of people using LOC with positive balance as chequing account but it's pretty dead discussion.
banks-loc-account-can-best-used-free-ch ... t-1463101/
Last edited by herewegoagain on Dec 3rd, 2022 1:13 am, edited 2 times in total.