CIBC Caribbean Personal Overdraft Facility

When the unexpected happens we has you covered

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* A CIBC Caribbean Overdraft Facility will prevent a cheque from being returned or a transaction from being declined for ‘insufficient funds’ only to the extent your overdraft limit is unused and available.



  • Typically granted up to US$5000
  • The overdraft limit is based on the customer's net monthly salary
  • A client’s account must return to a credit position at least once a quarter
  • A set-up fee and annual fee will be charged
  • Overdrawn accounts incur interest at the standard overdraft rate of interest for the days on which the service was actually used or a minimum monthly overdraft charge - whichever is greater
  • All deposits to a client's account are automatically credited to the outstanding overdraft
  • Where a client exceeds their overdraft facility, an excess fee will be charged and penalty interest will be charged



  • An ideal way to manage short term changes in your cash flow
  • Continuous access to funds whenever you need it once your overdraft limit is approved
  • You only pay interest on the amount you use
  • Any deposits made to your account reduces the amount of interest you pay
  • Avoid the embarrassment of returned cheques or declined transactions with your ATM card*
  • Avoid the inconvenience of transferring funds from other accounts to cover a temporary cash shortage


*Special terms & conditions apply. 

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