No monthly fees or limits on number of monthly transactions - first for
    major Canadian banks in the student market

    TORONTO, May 28 /CNW/ - CIBC is making student life easier with its new
CIBC Advantage® for Students offer, featuring free everyday banking with no
monthly fees and no limit on the number of monthly transactions - a
combination that represents a first among the major Canadian banks in the
student market.
    The offer is available beginning June 1, 2008 to full-time students
attending an accredited university or college in Canada, including CEGEP.
    "Free everyday banking means that students no longer need to worry about
monthly fees, or keep track of how many transactions they are permitted per
month," said Colette Delaney, Senior Vice President of GICs, Deposits and
Payments for CIBC. "Students already have enough expenses to deal with, and
with CIBC's new student offer, everyday banking doesn't need to be one of
them."
    Students banking with CIBC will benefit from flexibility, access, and
choice in their everyday banking. CIBC offers convenient hours, including
evening and Saturday banking in many of its branches as well as Sunday hours
in select urban branches to better serve those students juggling school and a
part-time job. CIBC clients also have access to more than 3,700 automated bank
machines, and 24/7 service over the phone and on Canada's leading online
banking site, www.cibc.com.
    Students will also benefit from financial advice available from CIBC
branches across Canada, an important building block for students who may be
taking ownership of their finances for the first time. "It's never too early
to start getting sound financial advice," commented Delaney. "Whether it's
advice on building your credit rating, or saving for a short term goal, a CIBC
advisor can assist students in making informed financial decisions now while
building a solid foundation for life after school."
    Existing CIBC clients who already hold an account under the CIBC
Advantage® for Students offer will automatically benefit from the
introduction of free everyday banking on their account as of June 1, 2008.
    Students who want to experience free everyday banking with CIBC can visit
a CIBC branch, call CIBC Telephone Banking at 1-800-465-CIBC, or learn more by
visiting www.cibc.com.
    Students under the age of 19 continue to be eligible for CIBC's
Advantage® for Youth offer which includes free everyday banking, and other
features.

    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.