How to get the CIBC Investor's Edge $100 fee waived?

  • Last Updated:
  • Jul 29th, 2021 10:36 pm
Deal Addict
Apr 4, 2017
1344 posts

How to get the CIBC Investor's Edge $100 fee waived?


I have a CIBC Investor's Edge account. My friend helped me set up the account and he did not tell me about the $100 annual fee even though I had asked him. Yes, I messed up and should've done my research.

Now, I got a notification from CIBC advising me that I need to have at least $100 in my account for the annual fee charge.

I read that if I keep $10,000 in my account, the fee will be waived. So am I able to have $10,000 for a few days during the week the annual fee is charged and avoid this fee? Or does the money have to be in the account for a certain period of time.

Can I close my account and thus avoid this annual fee? Will I be charged any other fees for closing my account and transfering my money out?

How can I get this $100 annual fee charge waived?

Thank you.
2 replies
User avatar
May 9, 2019
250 posts
Montreal, QC
While waiting for some current clients to answer to your questions eventually, maybe you should contact CIBC directly to get answers.
User avatar
May 9, 2019
250 posts
Montreal, QC
In CIBC Investor's Edge website, on the pricing webpage (, you can find some answers in the PDF "CIBC Investor’s Edge Account Agreements and Disclosure Booklet (PDF, 1.15 MB)"

In fact, on page 51 of that PDF, you can find:
Fees For Investment Accounts (Non-Registered Accounts)

Account Maintenance Fee: $100
There is no annual administration fee for non-registered accounts maintaining a market balance greater than $10,000.
Your account will also be exempt from this fee if:

you also hold a CIBC Investor’s Edge registered account (RRSP, RRIF, RESP, LIRA, LIF);
your account is an informal trust;
your account has been open for less than 90 days.
This annual fee will be assessed based on account balances at the close of business day on September 15th of each year. This fee
is also applied to all restricted accounts, regardless of account balances, where account documentation has been outstanding for
more than 180 days since account opening.

Transfers Out (partial/full): $135
The transfer fee is waived if your account is transferred within the CIBC group of companies.
Please note: GST/HST/TVQ and PST are charged where applicable.