Quote:
Originally Posted by getbak
Did that make a difference? I thought all the credit card companies charged the extra surcharge on exchanges?
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I can't make a direct comparison seeing as the exchange rates fluctuates... but 2.5% on say, $5000, is $125, so it's significant. CIBC rips you off more than most, that's why they had a class action lawsuit against them. They basically double dip... you lose money on the exchange rate, then they take an extra 2.5% on top of that. I also switched my chequing account for to the highest minimum balance one that gives waives the ATM withdrawal fee at all PLUS network ATMs, which CIBC does not offer.